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Topdanmark Director's Dealing 2012

Mar 14, 2012

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14 March 2012
Trading report No. 02/2012

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: Sale
Trade date: 13 March 2012
Market: Nasdaq OMX, Copenhagen
Number: 4,000
Share price in DKK: 3,922,400

Please direct any queries to:
Steffen Heegaard, Group Communications and IR Director
Mobile: +45 4025 3524