Alm. Brand — Board/Management Information 2016

Aug 18, 2016

Mikael Sundby, Managing Director of Alm. Brand Liv og Pension, who also serves
as head of Group IT, and Lars Lysdal Jensen, Director, IT, have announced their
retirement effective 31 December 2016 after 31 and 18 years, respectively, with
the Alm. Brand Group. In that connection, the group will implement an
organisational change to further strengthen its IT and digitalisation profile.
Thomas Erichsen has been appointed new Director, IT and Digitalisation, and new
member of Alm. Brand’s senior management group as from 1 October.

In a move to support the continued development of the Alm. Brand Group’s
digital ambitions, IT and digitalisation will now be represented at senior
management level under an independent directorship. Alm. Brand has recruited
Thomas Erichsen to the position as Director, IT and Digitalisation. Thomas
Erichsen comes from a position as Head of Solutions and IT at Nordea.

“It is becoming increasingly clear that we need to prioritise IT and
digitalisation development even more. In Thomas Erichsen, we will have a very
experienced and competent promoter to further strengthen this development,”
said Alm. Brand’s CEO, Søren Boe Mortensen. He continued:

“There is no doubt that digitalisation and IT support will play a central role
for financial enterprises in future. In order to meet customer expectations of
a very high level of individualised and tailored service and advice, we need to
have the best digital solutions based on the most sophisticated IT systems.”

In his position at Nordea, Thomas Erichsen was in charge of developing the
Nordea Group’s digital customer interface platforms in the retail bank in the
Nordics, including the digitalisation of core processes and services. Strategy
and transformation processes, especially within IT and digital solutions, have
been central themes in Thomas Erichsen’s career, and he has held positions in
financial and IT companies and also served as a management consultant.

Thomas Erichsen will take up the position as Director, IT and Digitalisation,
of Alm. Brand on 1 October 2016. Lars Lysdal Jensen will retire effective 31
December 2016 after a handing-over period.

Alm. Brand Liv og Pension

In connection with Mikael Sundby’s retirement effective 31 December 2016,
Claude Reffs will be appointed new Managing Director of Alm. Brand Liv og
Pension. Claude Reffs has served as chief actuary of Alm. Brand Liv og Pension
for the past seven years, working closely with Mikael Sundby in relation to the
company’s operations and development. Overall responsibility for the group’s
Life and Pension activities will be consolidated under Kim Bai Wadstrøm, who is
also responsible for the group’s Banking activities. This organisational change
will ensure a coordinated savings and asset management approach throughout the
Alm. Brand organisation, as customers increasingly take a comprehensive view of
their savings across banking and pension products.

Contact

Please direct any questions regarding this announcement to Søren Boe Mortensen,
CEO, on tel. +45 35 47 79 07 or Susanne Biltoft, Head of Information and
Investor Relations, on tel. +45 35 47 76 61.