Company Announcement No 15/2011

Final values and redemption amount for DB Klima 11

Announcement regarding final values and redemption amount for Danske Bank A/S’ notes DB Klima 11

On June 8, 2009, Danske Bank issued equity-linked notes related to a basket of 9 climate technology shares. The notes are designated “DB Klima 11” (ISIN DK0030170600).

In accordance with the Applicable Final Terms, Danske Bank A/S as calculation agent has determined the final share values which equal the arithmetic average of the value of each of the shares on each of the days 10 May 2011, 11 May 2011, 12 May 2011, 13 May 2011, 16 May 2011, 18 May 2011, 19 May 2011, 23 May 2011, 24 May 2011 and 25 May 2011, respectively, and has determined the share basket performance to be:

 

	Initial Value	Final Value	Performance (with cap)
ABB LTD	17.738	23.076	30.09%
SIEMENS AG	53.802	92.987	33.10%
VESTAS WIND SYSTEMS A/S	389.7	157.73	-59.53%
GAMESA CORP TECNOLOGICA SA	14.614	6.3765	-56.37%
RENEWABLE ENERGY CORP AS	43.2653623	15.863	-63.34%
S6USD_US_FIRST SOLAR INC	184.3	126.2085	-31.52%
SUNPOWER CORP-CLASS A	31.38	21.17	-32.54%
NOVOZYMES A/S-B SHARES	424.1	881.2	33.10%
QUANTA SERVICES INC	24.878	19.538	-21.46%
Share Basket Performance (Weighted)			-18.72%

 

On the basis of the share basket performance, the calculation agent has calculated the redemption amount of the notes to be price 100.00 equal to DKK 10,000.00 per nominal amount of DKK 10,000.00.

The notes will be redeemed on June 8, 2011.

For further information about the notes we refer to the Applicable Final Terms published on the NASDAQ OMX Copenhagen A/S website on June 4, 2009.

Danske Bank A/S

Contact person:
Peter Holm, Senior Vice President, +45 45 12 84 85