Danske Bank issues new
supplementary capital
Danske Bank issues new  supplementary capital

August 31, 2005

Stock Exchange Announcement No 13/2005
Danske Bank has decided to issue bonds in the amount of EUR 500 million as supplementary capital. The bonds will be issued in the European bond market and listed on the Luxembourg Stock Exchange.

The bonds will be issued on 9 September 2005 and will mature on 9 September 2013. The coupon prevailing until 9 September 2010 has been fixed at three-month EURIBOR plus a margin of 0.20 percentage points and the issue price has been fixed at 99.905 per cent.

From 9 September 2010, the coupon will be fixed at three-month EURIBOR plus a margin of 1.70 percentage points or the Bank may call the issue at par.

The transaction is arranged by Barclays Capital and Danske Markets.

The new bond issue should be viewed in connection with the business growth in the Group.