17 March 2010 Trading report No. 02/2010 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: Christian Sagild Reason: CEO Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Subscription by exercise of warrants Trade date: 12 March 2010 Market: Nasdaq OMX, Copenhagen Number: 11,500 Share price in DKK: 7,994,570 Name: Christian Sagild Reason: CEO Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Sale Trade date: 16 March 2010 Market: Nasdaq OMX, Copenhagen Number: 7,000 Share price in DKK: 4,921,280 Pre-tax net gain after strike (DKK): 1,575,280 Name: Kim Bruhn-Petersen Reason: COO Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Subscription by exercise of warrants Trade date: 12 March 2010 Market: Nasdaq OMX, Copenhagen Number: 3,300 Share price in DKK: 2,294,094 Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Mobile: +45 4025 3524