22 May 2008 Trading report No. 03/2008 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: Katholm Invest A/S REASON: Legal person controlled by Anders Knutsen, Deputy Chairman of the Board of Directors, cf. Section 28(a)(4)(1) of the Securities Trading Act ISSUER: Topdanmark A/S ISIN CODE: 1025953 DESIGNATION: Shares TRANSACTION: Purchase TRADE DATE: 21 May 2008 MARKET: OMX Nordic Exchange, Copenhagen NUMBER: 50 SHARE PRICE (DKK): 40,000 Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Direct tel: +45 4474 2017, Mobile: +45 4025 3524