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Danske Bank redeems equity index-linked notes

March 31, 2003

Stock Exchange Announcement No 10/2003

On April 23, 2003, Danske Bank will, according to plan, redeem equity index-linked notes (security code DK000343390-2) at par, corresponding to €0.01 per note.

The notes are linked to increases in a share index consisting of Dow Jones EURO STOXX 50SM, S&P 500® and Dow Jones STOXX NORDIC 30SM.

Danske Bank has calculated the redemption price of the notes on the basis of the following index values


Indeks Strike price Settlement price
(April 18, 2001) (April 7, 2003)
Dow Jones
EURO STOXX 50SM

4.441,58

2.314,54
S&P 500® 1.238,16 879,93
Dow Jones
STOXX NORDIC 30SM


5.885,12


3.566,65