23 November 2010 Announcement No. 17/2010 The Extraordinary General Meeting was held in accordance with the published agenda (announcement No. 14/2010). Accordingly, the General Meeting adopted the proposal submitted by the Board of Directors for reducing the Company's share capital by a total of 1,560,203 shares which had been bought back under Topdanmark's share buy-back programme. The reduction in share capital will be at a stock market price of DKK 675.14 per share and a total of DKK 1,053,356,764 will be transferred from the Company's tied-up capital to its free reserves. On 23 November 2010 the reduction in capital will be reported to the Danish Commerce and Companies Agency and in practice, the cancellation of the shares will be effected on the expiry of the three-month time limit for filing objections. After the cancellation the share capital will be DKK 155,000,000 (15,500,000 shares). Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Direct tel: +45 4474 4017, Mobile: +45 4025 3524