29 November 2010 Announcement No. 18/2009 As published in company announcement No. 14/2009 of 29 September 2009, Topdanmark's Board of Directors decided to allocate employee shares for 2010 in return for a salary reduction. It has allocated 83,784 employee shares for 2010. The allocation was effected on 26 November 2010. Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Direct tel: +45 4474 4017, Mobile: +45 4025 3524