Stock Exchange announcement No. 11/2007 Codan A/S - ID code 1028863 - 8 Result of Recommended Tender Offer for Shares of Codan A/S Not for release or distribution in or into Canada, Australia or Japan RSA Overseas Holdings B.V. has requested Codan A/S to publish the attached result of Recommended Tender Offer for Shares of Codan A/S stating that all conditions of the Tender Offer have been satisfied. Yours sincerely Codan A/S Vibeke Krag Company Secretary
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