Topdanmark — Share Issue/Capital Change 2016

Aug 23, 2016

23 August 2016
Announcement No. 47/2016

Write-down of Topdanmark’s share capital
As published in its announcement No. 23/2016, at Topdanmark’s AGM on 7 April
2016 it was decided to write down its share capital by 10,000,000 shares.

The time limit for creditors to file claims has expired without any objections.
Therefore, following Topdanmark’s application for registration of the reduction
with the Danish Business Authority, the reduction was finally effected today.

Following the cancellation of these shares, Topdanmark’s share capital will be
DKK 95,000,000, equivalent to 95,000,000 shares.

Topdanmark’s holding of own shares below 10%
Following the reduction in capital, Topdanmark’s holding of own shares is
4,522,780, representing 4.76% of the share capital. This has reduced the 13.85%
holding of own shares published in announcement No. 46/2016.

This announcement is being published with reference to Section 29 of the Danish
Securities Act.

Topdanmark has bought back own shares of DKK 907m in 2016 to date.

Please direct any queries to:
Lars Thykier, CFO
Direct tel: +45 4474 3714, Mobile: +45 2141 0479

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