7 June 2010 Topdanmark Forsikring A/S - Redemption of subordinated notes On 27 May Topdanmark Forsikring A/S released a company announcement saying that to replace the subordinated loan capital of 250,000,000, which will be redeemed early on 27 June 2010, the Company will issue subordinated notes with a total value of DKK 250,000,000 by way of subordinated loan capital (tier 2) on 18 June 2010. Because of considerable demand the subordinated loan capital will be extended by DKK 100,000,000, resulting in an issue totalling DKK 350,000,000 of subordinated notes. The maturity of the notes will be eight years and they will be due for redemption at par on 18 June 2018. Early redemption will be possible after five years subject to the approval of the Danish Financial Supervisory Authority. The rate of interest for the first five years is 7.15% (fixed with reference to the five-year DKK mid-swap rate at 11:00 on 26 May plus 475 bps). The issue of the notes has been arranged by Danske Bank A/S and they have already been allotted to a group of institutional investors. Listing on Nasdaq OMX Copenhagen will be applied for. Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Direct tel: +45 4474 4017, Mobile: +45 4025 3524