Nykredit Realkredit A/S and Nykredit Bank A/S publish supplement no 2 to joint Euro Medium Term Note Programme

To Nasdaq Copenhagen

4 November 2020

Nykredit Realkredit A/S and Nykredit Bank A/S publish supplement no 2 to joint Euro Medium Term Note Programme

Nykredit Realkredit A/S and Nykredit Bank A/S publish supplement no 2 dated 4 November 2020 to joint €10,000,000,000 Euro Medium Term Note Programme ("EMTN Programme") dated 13 May 2020.

Under the EMTN Programme Nykredit Realkredit may issue Subordinated Notes (Tier 2 or Tier 2 Contingent Capital Notes), Senior Non-Preferred Notes and Senior Unsecured Notes. Nykredit Bank may issue Senior Unsecured Notes.

The supplement and the EMTN Programme are available for download on Nykredit's website at nykredit.com/ir.

Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21 or Kristian Ingemann Petersen, Attorney-at-Law, tel +45 44 55 16 78.

Attachment

• 20201104 Supplement no 2 for Base Prospectus November 2020 execution