Alm. Brand — Share Issue/Capital Change 2011

Feb 8, 2011

On 30 December 2010, the rights issue of Alm. Brand A/S (the “Company”) was
completed, cf. announcement no. 23/2010 of 30 December 2010.

In connection with the expiry of the stabilisation period, SEB Enskilda
Corporate Finance, Skandinaviska Enskilda Banken A/S (branch of Skandinaviska
Enskilda Banken AB (publ), Sweden) (“SEB Enskilda”), acting as Sole Lead
Manager and stabilisation agent, has notified the Company that SEB Enskilda has
effected no transactions during the stabilisation period to stabilise or
maintain the price of the offer shares or the Company's existing shares.

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