FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

21 December 2012

Issue: Rate fix only issues

Kommunalbanken AS RPI-Linked Bonds due 2016

XS0121362189

Pursuant to our appointment as Agent for the above stated issue, please be advised of the following interest rate determination:

Date From: 26 January 2013

Date To: 26 July 2013

Value Date: 26 July 2013

Benchmark Rate: 0%

Margin: %

Total Rate: 3.7866%

Number of Days: 181

Day Count: Actual / Actual (ISDA)

Interest Frequency: Semi-Annually

Denomination: GBP 1,000.00

Amount per Denomination:

GBP 18.78

Total Amount Due:

GBP 3,286,500.00

Pool Factor: 1