Alm. Brand — AGM Information 2016

Apr 29, 2016

The annual general meeting of Alm. Brand A/S held today was conducted in
accordance with the agenda and the complete proposals submitted by the Board of
Directors.

The Annual Report for 2015 was approved, and discharge was granted to the Board
of Directors and the Management Board. Moreover, the Board of Directors’
proposal to distribute a dividend of DKK 3.00 per share in respect of 2015 was
adopted.

The Board of Directors’ proposal that it be authorised during the period until
the next annual general meeting to let the company acquire treasury shares up
to 10% of the share capital was adopted.

All board members elected by the shareholders were up for election and were
re-elected. Accordingly, the Board of Directors consists of Jørgen Hesselbjerg
Mikkelsen, Boris Nørgaard Kjeldsen, Ebbe Castella, Henrik Christensen, Anette
Eberhard, Per V.H. Frandsen, Karen Sofie Hansen-Hoeck and Jan Skytte Pedersen
as well as four group representatives elected by the employees. Jesper Bach,
Asger Bank Møller Christensen, Gustav Garth-Grüner and Kristian Kristensen were
re-elected as alternates whereas Tina Schmidt Madsen was elected as new
alternate.

Deloitte Statsautoriseret Revisionspartnerselskab was re-appointed as the
company's auditor.

The proposal from the Board of Directors to amend the company’s articles of
association in order for the Board of Directors to be authorised to pass
resolutions on the distribution of extraordinary dividend was adopted, and the
remuneration policy for the Alm. Brand Group and general guidelines regarding
incentive-based remuneration in Alm. Brand A/S, cf. section 139 of the Danish
Companies Act, were approved.

A proposal from a shareholder on limiting the activities of the subsidiary Alm.
Brand Bank A/S was not adopted.

At a meeting held after the general meeting, the Board of Directors re-elected
Jørgen Hesselbjerg Mikkelsen as its Chairman and Jan Skytte Pedersen was
elected as its Deputy Chairman.

Contact

Please direct any questions regarding this announcement to Susanne Biltoft,
Head of Information and Investor Relations, on tel. +45 35 47 76 61.