Alm. Brand Bank A/S, a subsidiary of Alm. Brand A/S, has expanded its management board with Managing Director Ulla Heurlin. Accordingly, Alm. Brand Bank A/S' management board consists of: Chief Executive Ole Joachim Jensen, Managing Director Bo Chr. Alberg who is responsible for retail and Managing Director Ulla Heurlin who is responsible for Alm. Brand Markets. Please direct any questions regarding this announcement to Søren Boe Mortensen, Chief Executive, on tel. +45 35 47 79 07 or Susanne Biltoft, Head of Information and Investor Relations, on tel. +45 35 47 76 61. Yours sincerely, Alm. Brand A/S Søren Boe Mortensen Chief Executive