Topdanmark — Director's Dealing 2011

Nov 30, 2011

30 November 2011
Trading report No. 06/2011

Trading in Topdanmark shares by insiders

In accordance with Section 28(a) of the Danish Securities Trading Act,
Topdanmark is required to publish details of the transactions in Topdanmark's
shares and related securities effected by senior management and their connected
persons.

The following has been reported to Topdanmark:

Name: Christian Sagild

Reason: CEO

Issuer: Topdanmark A/S

ISIN code: 1025953

Designation: Shares

Transaction: Purchase of employee shares

Trade date: 25 November 2011

Market: Nasdaq OMX, Copenhagen

Number: 784

Share price in DKK: 681,359

Name: Lars Thykier

Reason: CFO

Issuer: Topdanmark A/S

ISIN code: 1025953

Designation: Shares

Transaction: Purchase of employee shares

Trade date: 25 November 2011

Market: Nasdaq OMX, Copenhagen

Number: 527

Share price in DKK: 458,005

Name: Kim Bruhn-Petersen

Reason: COO

Issuer: Topdanmark A/S

ISIN code: 1025953

Designation: Shares

Transaction: Purchase of employee shares

Trade date: 25 November 2011

Market: Nasdaq OMX, Copenhagen

Number: 528

Share price in DKK: 458,874

Name: Charlotte Hougaard

Reason: Member of the Board of Directors

Issuer: Topdanmark A/S

ISIN code: 1025953

Designation: Shares

Transaction: Purchase of employee shares

Trade date: 25 November 2011

Market: Nasdaq OMX, Copenhagen

Number: 57

Share price in DKK: 49,538

Name: Desiree Schultz

Reason: Member of the Board of Directors

Issuer: Topdanmark A/S

ISIN code: 1025953

Designation: Shares

Transaction: Purchase of employee shares

Trade date: 25 November 2011

Market: Nasdaq OMX, Copenhagen

Number: 109

Share price in DKK: 94,730

Name: Trine Zappe

Reason: Member of the Board of Directors

Issuer: Topdanmark A/S

ISIN code: 1025953

Designation: Shares

Transaction: Purchase of employee shares

Trade date: 25 November 2011

Market: Nasdaq OMX, Copenhagen

Number: 11

Share price in DKK: 9,560

Please direct any queries to:
Steffen Heegaard, Head of IR and Group Communications
Direct tel: +45 4474 4017, Mobile: +45 4025 3524