25 March 2008 Trading report No. 01/2008 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: Knud J. Vest Reason: Member of the Board of Directors Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Exercise of share options Trade date: 19 March 2008 Market: OMX Nordic Exchange, Copenhagen Number: 1,257 Share price (DKK): 971,850 Name: Knud J. Vest Reason: Member of the Board of Directors Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Sale Trade date: 19 March 2008 Market: OMX Nordic Exchange, Copenhagen Number: 1,257 Share price (DKK): 971,850 Pre-tax net gain after strike (DKK): 726,735 Name: Christian Sagild Reason: Group Managing Director Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Exercise of share options Trade date: 19 March 2008 Market: OMX Nordic Exchange, Copenhagen Number: 10,000 Share price (DKK): 7,731,500 Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Mobile: +45 4025 3524