Codan A/S - ID code 1028863 - 8 With effect from June 2007, Codan Forsikring A/S has reached an agreement with the Finnish insurance company Pohjola Non-Life Insurance Company ltd. to acquire their marine portfolio and in connection herewith to open a branch in Helsinki, Finland. The portfolio has an estimated gross written premium of USD 22 million and constitute 40 % of the total Finnish marine market. The portfolio will be integrated in Codan's activities into the Nordic Marine division, i.e. Codan/Trygg-Hansa Marine. Rickard Gustafson, CEO of the Codan Group: “As part of our Nordic growth agenda we are pleased to be present in yet another market. Pohjola's Marine portfolio was a natural choice since a co-operation was already in place with our majority shareholder, Royal & SunAlliance Group, on the international commercial insurance.” The acquisition does not change the forecasted COR range expressed in the interim announcement 8 March 2007. The completion of the transaction is conditional on the approval of the Finnish regulatory authorities. For further information please contact Jeanette Fangel Løgstrup, Director Communications on (+45) 33 55 23 53 Yours Sincerely Codan A/S Vibeke Krag Company secretary