To strengthen the capital structure and to further secure the capital structure targets DONG Energy A/S announces its intention to issue, subject to market conditions, new callable subordinated capital securities due 3010.

At the same time DONG Energy hereby announces an invitation to all holders of its outstanding EUR 1.1bn callable subordinated capital securities due 3005 (ISIN: XS0223249003) to tender their existing bonds for repurchase for cash, at a price to be determined in accordance with the terms and conditions of the related Tender Offer Memorandum. The invitation is expected to be open to all holders of the securities from Tuesday, 16 November 2010 at the latest.