DONG Energy A/S and DONG Naturgas A/S are each rated by Moody’s and DONG Energy A/S is also rated by Standard & Poor's.

DONG Energy A/S and DONG Naturgas A/S are currently rated as follows:

Rated company	Rating Agency	Long-term rating	Outlook	Short-term rating	Last updated
DONG Energy A/S	Standard & Poor’s	A-	Stable	A-2	Nov-2009
DONG Energy A/S	Moody’s	Baa1	Stable	-	Oct-2009
DONG Naturgas A/S	Moody’s	Baa1	Stable	-	Oct-2009

The analysts responsible for the rating of DONG Energy A/S and DONG Naturgas are:

Standard & Poor's	Karin Erlander
	Tel: +44 (20) 7176 3584
	E-mail: Karin_Erlander@standardandpoors.com
Moody's	Helen Francis
	Tel: +44 (20) 7772 5422
	E-mail: Helen.Francis@moodys.com