Exercise of warrants


17 March 2010
Announcement No. 03/2010


A new period of exercise of warrants commenced at the publication of
Topdanmark's 2009 Annual Report in its company announcement No. 02/2010. 

By the expiry of the subscription period the holders of the warrants have
subscribed and paid for 124,410 shares at a price of DKK 478 per share.
Consequently Topdanmark has today increased its share capital by 124,410
shares, giving an increase in nominal share capital of DKK 1,244,100. 

The total number of Topdanmark shares is now 17,030,903.

The subscription proceeds of the issue were DKK 59.467.980.


Please direct any queries to:
Steffen Heegaard, Head of IR and Communications
Mobile: +45 4025 3524