20 September 2007 Announcement No. 22/2007 Topdanmark now holds own shares representing 10.00% of the share capital as opposed to the 9.22% previously reported in announcement No. 17/2007 published on 8 August 2007. This is an increase in the holding of own shares to 1,845,190 shares from the 1,701,338 previously reported. At an extraordinary general meeting on 17 September it was decided to reduce the share capital by 820,900 of these 1,845,190 own shares and they are expected to be cancelled on the expiry of the three-month time limit for filing objections on 18 December 2007. To date in 2007 Topdanmark has bought back own shares of DKK 1,471m of the previously announced share buy-back programme of DKK 2,100m for 2007. Topdanmark's most recently reported on its share buy-back in its H1 2007 report when it had bought back own shares of DKK 1,347m. This announcement is being published with reference to Sections 28 and 29 of the Danish Securities Trading Act. Please direct any queries to: Steffen Heegaard, Head of IR and Communications Direct tel: +45 4474 4017 Mobile: +45 4025 3524