Jyske Bank — Capital/Financing Update 2016

Nov 1, 2016

To NASDAQ Copenhagen A/S

Announcement no. 93/2016
1 November 2016

Sales of bonds for refinancing of adjustable rate mortgage loans

From 17th to 25th of November 2016 (inclusive), BRFkredit will sell bonds to
refinance adjustable rate mortgage loans and floating-rate loans. Refinancing
of adjustable rate mortgage loans will be carried out in both BRFkredits RTL F
bonds and in traditional non-callable bullet bonds.

The bonds are offered for sale with 2nd of January 2017 as settlement date.
However, an earlier settlement date can be arranged.

The refinancing and interest rate adjustments of loans in Capital Centre E are
based on covered bonds (SDOs), whereas in Capital Centre B loans and interest
rate adjustments are based on mortgage bonds (ROs).

Terms of the auctions with a list of the bonds offered, amounts offered and
auction schedule is available in the attachment.

Questions regarding the bond sales may be directed to:

-- Head of Investments, André Hauberg on telephone (+45) 45 26 29 18
-- Group Treasurer, Anders Lund Hansen on telephone (+45) 45 26 22 80

Yours sincerely,

BRFkredit a/s