Completion of capital reduction in Alm. Brand A/S

On 26 April 2007, the Annual General Meeting of Alm. Brand A/S resolved to
reduce the company's share capital by a nominal amount of DKK 120,000,000 by
reducing the company's holding of treasury shares. 

The resolution was announced through the electronic information system of the
Danish Commerce and Companies Agency on 8 May 2007, and the statutory notice
period has now expired with no claims received. 

The capital reduction has thus been completed.

Following the capital reduction, the nominal share capital of Alm. Brand A/S
amounts to DKK 1,668,000,000, equivalent to 20,850,000 shares of DKK 80 nominal
value each. Each share gives one vote. 

Please direct any questions regarding this announcement to Søren Boe Mortensen,
Chief Executive, on tel. +45 35 47 47 47. 

Yours sincerely,

Alm. Brand A/S

Søren Boe Mortensen	
Chief Executive