Alm. Brand — Earnings Release 2015

Apr 23, 2015

Alm. Brand upgrades its consolidated profit forecast for 2015 by DKK 100
million to DKK 300-400 million.

The upgrade is due to run-off gains in Non-life Insurance. The company
implemented a new model for workers' compensation insurance provisions in Q1
2015, which together with run-off gains on several other insurance provisions
led to the recognition of a non-recurring run-off gain in the first quarter of
2015.

Other than this, developments in Non-life Insurance and the group's other
business areas have not given rise to any change in guidance.

The group will publish its Q1 2015 interim financial statements on 12 May 2015.

Contact

Please direct any questions regarding this announcement to:

Søren Boe Mortensen, CEO, tel. +45 35 47 79 07, or Susanne Biltoft, Head of
Information and Investor Relations, tel. +45 35 47 76 61.