Topdanmark — Transaction in Own Shares 2016

Jan 4, 2016

4 January 2016
Announcement No. 01/2016

On 16 November 2015, Topdanmark announced a buy-back programme of up to DKK
564m in accordance with the European Commission’s Regulation No. 2273/2003 of
22 December 2003, the ”Safe Harbour-regulation”. The share buy-back will be
made in the period from 17 November 2015 to 10 February 2016.

This buy-back programme is part of an overall buy-back programme of a total of
DKK 1.95bn, the balance of which was DKK 564m on 16 November 2015.

The following transactions have been made under the share buy-back programme in
the period from 28 to 30 December 2015.

                                        Number          Average  Transacatio
                                     of shares         purchase            n
                                                    price (DKK)  value (DKK)

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28 December 2015 44,000 192.98 8,491,120

29 December 2015 40,000 193.71 7,748,400

30 December 2015 38,000 195.24 7,419,120

Total accumulated in the period 122,000 193.92 23,658,640

Total accumulated under the buy-back 1,467,230 281,296,628
programme

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Following the transactions stated above, Topdanmark’s holding of own shares is
9,328,000 shares, corresponding to 8.88% of the share capital.

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

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