Result of sale of employee shares and issue of employee bonds

| Source: Topdanmark A/S Topdanmark A/S 

26 November 2007
Announcement No. 24/2007


To the Copenhagen Stock Exchange


As announced in the Q1 2007 report of 22 May 2007, Topdanmark's Board of
Directors has decided to allocate employee shares and employee bonds in return
for a salary reduction. 

It has allocated 29,016 employee shares and employee bonds with a nominal value
of DKK 16,325,866. 

The allocation was effected on 23 November 2007.



Please direct any queries to:
Steffen Heegaard, Head of IR and Communications
Direct tel: +45 4474 4017, Mobile: +45 4025 3524