31 August 2007 Trading report No. 08/2007 In accordance with Section 28(a) of the Danish Securities Trading Act, Topdanmark is required to publish details of the transactions in Topdanmark's shares and related securities effected by senior management and their connected persons. The following has been reported to Topdanmark: Name: Jens Maaløe Reason: Member of the Board of Directors Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Purchase Trade date: 30 August 2007 Market: OMX Copenhagen Stock Exchange Number: 270 Share price (DKK): 230,040.00 Please direct any queries to: Steffen Heegaard, Head of IR and Communications Direct tel: +45 4474 4017, Mobile: +45 4025 3524