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Alm. Brand Share Issue/Capital Change 2011

Sep 27, 2011

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With a view to strengthening the capital base of the subsidiary Alm. Brand Bank
A/S, Alm. Brand A/S today contributed DKK 200 million of equity to Alm. Brand
Bank A/S.

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

Yours sincerely,

Alm. Brand A/S

Søren Boe Mortensen
Chief Executive