96GO Ind.com.ch 23

RNS No 5777h
DEN DANSKE BANK A/S
29th December 1998


TO:   COMPANY ANNOUNCEMENTS OFFICE

RE: DEN DANSKE
    USD 100,000,000 DUE JUNE 2000
    ISSUED 28 JUNE 1985
    ISIN: US217259AA89

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
31DEC98 TO 30JUN99 HAS BEEN FIXED AT 5.25 PCT.

INTEREST PAYABLE VALUE 30JUN99 WILL AMOUNT TO:
USD 263.96  PER USD 10,000 DENOMINATION.
USD  6,598.96 PER USD 250,000 DENOMINATION.
-----------------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL:  44 171 508 3857/3855 OR FAX:  44 171 508 3881.

FROM:
RATEFIX DESK
CITIBANK N.A., LONDON


END

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