Nordea Hypotek AB (PUBL)

RE: NORDEA HYPOTEK Ab (Publ)
    EUR 200,000,000.00
    MATURING:  07-Apr-2005
    ISSUE DATE: 07-Apr-2003
    ISIN: XS0166296854

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 07-Oct-2003 TO
07-Jan-2004 HAS BEEN FIXED AT 2.157000 PCT.

INTEREST PAYABLE VALUE 07-Jan-2004 WILL AMOUNT TO EUR 551.23 PER EUR 
100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON TEL:
44 020 7508 3858/3855 OR FAX 44 020 7508 3881.