Topdanmark — Major Shareholding Notification 2016

Sep 7, 2016

7 September 2016
Announcement No. 52/2016

Topdanmark has been notified by Sampo plc (”Sampo”) that Sampo has acquired a
total of 31,676,920 shares in Topdanmark, representing 33.34% of the entire
issued share capital and of all voting rights. At the same time, Topdanmark has
been notified that If P&C Insurance Holding Ltd. (publ) has reduced its holding
of Topdanmark shares to 0.

Furthermore, Sampo has made a mandatory public cash offer to the other
shareholders of Topdanmark to acquire all outstanding Topdanmark shares,
excluding the company’s holding of own shares and other financial instruments,
warrants and share options issued by Topdanmark and shares owned by Topdanmark
shareholders resident in certain restricted jurisdictions, cf. Section 2 (1) of
Order no. 562 of June 2014 and takeover offer(“Danish Takeover Order”) at a
price of DKK 183 per share, cf. company announcement of 7 September 2016 from
Sampo.

Sampo will publish an offer document within four weeks from today, and
Topdanmark’s Board of Directors will subsequently discuss the offer and will
then publish a statement on the pros and cons of the offer in accordance with
the Danish Takeover Order. The Board of Directors recommends Topdanmark’s
shareholders to await this statement.

Topdanmark’s Board of Directors

Please direct any queries to:
Steffen Heegaard, Group Communications and IR Director
Tel: +45 44 74 40 17
Mobile tel: +45 40 25 35 24

Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup