12 June 2007 Announcement No. 05/2007 Increase in Topdanmark's share capital As published in stock exchange announcement No. 01/2004, with effect from 1 January 2004 Topdanmark changed its revolving share option scheme from being based on call options to being based on warrants. A new period of exercise of warrants commenced at the publication of Topdanmark's Q1 2007 Report in the stock exchange announcement No. 09/2007. By the expiry of the subscription period the holders of the warrants have subscribed and paid for 11,900 shares at a price of DKK 349 per share. Consequently Topdanmark has today increased its share capital by 11,900 shares, giving an increase in nominal share capital of DKK 119,000. The total number of Topdanmark shares is now 19,148,247. The subscription proceeds of the issue were DKK 4,153,100. Please direct any queries to: Lars Thykier, Managing Director, Topdanmark Kapitalforvaltning Direct tel: +45 4474 3714 Steffen Heegaard, Communication and IR Manager Direct tel: +45 4474 4017 Mobile: +45 4025 3524