The annual general meeting of Alm. Brand A/S held today was conducted in accordance with the agenda and the complete proposals submitted by the Board of Directors. The Annual Report for 2009 was approved and discharge from liability was granted to the Board of Directors and the Management Board. Moreover, the Board of Directors' proposal that no dividend be distributed in respect of the financial year ended 31 December 2009 was adopted. The Board of Directors' proposal that it be authorised during the period until the next annual general meeting to let the company acquire treasury shares up to 10% of the share capital was adopted. All Board members elected by the shareholders were up for election. Henrik Stenbjerre, Niels Kofoed and Jørgen Skovdal Larsen did not seek re-election, whereas the other Board members were re-elected. In addition, Tage Benjaminsen, Henrik Christensen and Jan Skytte Pedersen were elected to the Board of Directors. Accordingly, the new Board of Directors consists of Jørgen Hesselbjerg Mikkelsen, Boris Nørgaard Kjeldsen, Tage Benjaminsen, Henrik Christensen, Per V.H. Frandsen, Arne Nielsen and Jan Skytte Pedersen as well as four employee representatives. Asger Bank Møller Christensen, Niels Kofoed, Kristian Kristensen and Wentzel Bohn-Willeberg were elected as alternates and Charlotte Rieges Hjorth was re-elected. Deloitte Statsautoriseret Revisionsaktieselskab was re-appointed as the company's auditors. The amendments of the articles of association proposed by the Board of Directors were adopted. At a meeting held after the general meeting, the Board of Directors elected Jørgen Hesselbjerg Mikkelsen as its Chairman and Boris Nørgaard Kjeldsen as its Deputy Chairman. 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