26 April 2007 Announcement No. 08/2007 To the Copenhagen Stock Exchange Annual General Meeting of Topdanmark on 26 April 2007 The Annual General Meeting was held in accordance with the published agenda, and the Annual Report including the proposal submitted by the Board of Directors for the appropriation of the result for the financial year was adopted. Accordingly, the AGM adopted the proposal submitted by the Board of Directors for reducing the Company's share capital by a total of 696,347 shares which had been bought back during the spring of 2007. The reduction in share capital will be at a stock market price of DKK 955.41 per share and a total of DKK 665,298,534 will be transferred from the Company's tied-up capital to its free reserves. On 27 April 2007 the reduction in capital will be reported to the Danish Commerce and Companies Agency and in practice, the cancellation of the shares will be effected on the expiry of the three-month time limit for filing objections. After the cancellation the share capital will be DKK 184,400,000. Furthermore, the proposal submitted by the Board of Directors for amending the Articles of Association on convening general meetings, the granting of authorisation to the Board of Directors to acquire own shares, the granting of warrants to the Board of Management and other executives and the increase in the remuneration for the Board of Directors were all adopted. All the Board members - Jørgen Ajslev (Industrial Advisor), Anders Knutsen (Chairman), Jens Maaløe (CEO), Michael Pram Rasmussen (CEO), Annette Sadolin (Non-executive Director) and Knud J. Vest (Fur Farmer) - were re-elected. Ole Døssing Christensen and Luise Hanssing were re-elected by employees as group representatives in the group election on 27 March 2007 (see announcement No. 06/2007). Charlotte Hougaard, who was newly elected, joined the Board of Directors. The Board of Directors elected Michael Pram Rasmussen as Chairman and Anders Knutsen as Deputy Chairman from among its members. The Company's auditor, Deloitte, was re-elected. Topdanmark continues to expect a post-tax profit of DKK 1,200 - 1,130m for 2007 (see announcement No. 04/2007). Given the level of equity prices on 9 March 2007 this profit forecast is based on assumptions including a return on interest-bearing investments of 4.99% (risk-free forward interest rate plus an allowance for risk of 0.75 percentage points) and a 7% p.a. return on equity investments in the rest of the year. Furthermore the assumptions include a corporation tax rate of 28% and a normalised level of annual storm expenses of DKK 120m on own account for the remainder of 2007. For 2007 Topdanmark continues to expect a share buy-back of around DKK 1,700m. To date this year Topdanmark has already bought back own shares of DKK 803m, which leaves a balance of around DKK 897m of the share buy-back programme for the remainder of the year. Please direct any queries to: Steffen Heegaard, Communication and IR Manager Mobile +45 4025 3524