Topdanmark — Remuneration Information 2012

Jan 2, 2012

2 January 2012
Trading report No. 01/2012

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: Allocation of options
Trade date: 2 January 2012
Market: Nasdaq OMX, Copenhagen
Number: 5,453
Share price in DKK: 665,266

Name: Lars Thykier
Reason: CFO
Issuer: Topdanmark A/S
ISIN code: 1025953
Designation: Shares
Transaction: Allocation of options
Trade date: 2 January 2012
Market: Nasdaq OMX, Copenhagen
Number: 3,608
Share price in DKK: 440,176

Name: Kim Bruhn-Petersen
Reason: COO
Issuer: Topdanmark A/S
ISIN code: 1025953
Designation: Shares
Transaction: Allocation of options
Trade date: 2 January 2012
Market: Nasdaq OMX, Copenhagen
Number: 3,608
Share price in DKK: 440,176

The share price has been calculated using the Black and Scholes model assuming
a share price of DKK 897.78, an interest rate equivalent to the zero coupon
rate based on the swap curve of 30 December 2011, future annual volatility of
22%, corporation tax of 25% and a pattern of exercise similar to Topdanmark's
previous allocations of share options.

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