In the period 12 September 2016 to 16 September 2016, Alm. Brand bought own shares for a total amount of DKK 5.8 million as part of the increased share buyback programme of up to DKK 400 million announced on 26 April 2016. In aggregate, shares of DKK 238.4 million have been bought back, equivalent to 59.6% of the overall programme. Under the share buyback programme, the following transactions were made during the period: Date No. of Average purchase Transaction shares price (DKK) value (DKK) 12 September 2016 27,380 50.41 1,380,226 13 September 2016 26,904 51.64 1,389,323 14 September 2016 21,428 51.28 1,098,828 15 September 2016 22,619 52.00 1,176,188 16 September 2016 15,476 51.50 797,014 Accumulated during the period 113,807 51.33 5,841,578 Accumulated under the share 5,157,993 46.22 238,417,871 buyback programme Danske Bank manages the share buyback programme, which is completed in accordance with Commission Regulation (EC) No. 596/2014 of 16 April 2014 (the “Market Abuse Regulation”). Following the above transactions, Alm. Brand holds 8,377,548 own shares, equivalent to 4.8% of the share capital. Transactional data relating to share buy-backs are provided on the following pages in detailed form and in aggregated form, in accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016. Contact Please direct any questions regarding this announcement to: Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22. Detailed transaction data 12 September 13 September 14 September 15 September 16 September 2016 2016 2016 2016 2016 ------------------------------------------------------------------------------- Number VWAP Number VWAP Number VWAP Number VWAP Number VWAP of DKK of DKK of DKK of DKK of DKK share share share share share s s s s s ------------------------------------------------------------------------------- XCSE 27.022 50,41 26.904 51,64 21.428 51,28 22.619 52,00 15.476 51,50 TRQX 348 50,50 0 0 0 0 TRQM 0 0 0 0 0 BATE 10 50,50 0 0 0 0 BATD 0 0 0 0 0 CHIX 0 0 0 0 0 Total 27.380 50,41 26.904 51,64 21.428 51,28 22.619 52,00 15.476 51,50 -------------------------------------------------------------------------------- ----- 12 September 2016 Volume Price Venue Time CET ---------------------------------------------- 27.380 50,41 ---------------------------------------------- 1.155 50,00 XCSE 20160912 10:52:59.603000 845 50,00 XCSE 20160912 11:41:59.534000 148 50,50 TRQX 20160912 12:27:46.262000 301 50,50 XCSE 20160912 12:27:46.262000 334 50,50 XCSE 20160912 12:27:46.262000 9 50,50 TRQX 20160912 12:27:46.473000 400 50,50 XCSE 20160912 12:35:24.655000 10 50,50 BATE 20160912 12:56:31.735000 123 50,50 TRQX 20160912 13:06:22.024000 35 50,50 TRQX 20160912 15:03:33.225000 206 50,50 XCSE 20160912 15:09:45.333000 33 50,50 TRQX 20160912 15:16:45.290000 333 50,50 XCSE 20160912 15:49:39.173000 1.000 50,50 XCSE 20160912 15:49:39.173000 2.167 50,50 XCSE 20160912 15:49:39.173000 4.401 50,50 XCSE 20160912 16:56:21.257725 15.880 50,41 XCSE 20160912 17:06:02.216238 13 September 2016 Volume Price Venue Time CET ---------------------------------------------- 26.904 51,64 ---------------------------------------------- 26 51,00 XCSE 20160913 09:48:08.053000 474 51,00 XCSE 20160913 10:58:31.513000 400 51,50 XCSE 20160913 12:56:05.093000 1.863 51,50 XCSE 20160913 13:03:32.044000 2.737 51,50 XCSE 20160913 13:20:36.206000 1.500 51,50 XCSE 20160913 16:20:42.863000 142 51,50 XCSE 20160913 16:25:34.516000 1.358 52,00 XCSE 20160913 16:47:03.347000 1.000 52,00 XCSE 20160913 16:47:12.350000 420 51,50 XCSE 20160913 16:51:54.301000 1.380 52,00 XCSE 20160913 16:53:09.191000 15.604 51,64 XCSE 20160913 17:09:16.275404 14 September 2016 Volume Price Venue Time CET ---------------------------------------------- 21.428 51,28 ---------------------------------------------- 2.000 51,00 XCSE 20160914 10:44:48.891000 2.000 51,00 XCSE 20160914 10:44:48.891000 1.000 51,50 XCSE 20160914 14:54:49.169000 1.000 51,50 XCSE 20160914 15:18:45.816000 1.000 51,50 XCSE 20160914 15:25:56.920000 1.000 51,50 XCSE 20160914 16:02:31.750000 8 51,50 XCSE 20160914 16:43:41.478000 433 51,50 XCSE 20160914 16:43:41.478000 78 51,50 XCSE 20160914 16:43:41.478000 373 51,50 XCSE 20160914 16:43:41.478000 108 51,50 XCSE 20160914 16:43:41.478000 12.428 51,28 XCSE 20160914 17:05:19.162595 15 September 2016 Volume Price Venue Time CET ---------------------------------------------- 22.619 52,00 ---------------------------------------------- 990 52,00 XCSE 20160915 10:53:06.896000 2.000 52,00 XCSE 20160915 10:53:06.896000 10 52,00 XCSE 20160915 10:53:06.896000 2.500 52,00 XCSE 20160915 16:31:38.808000 1.000 52,00 XCSE 20160915 16:46:09.298000 3.000 52,00 XCSE 20160915 16:53:39.303000 13.119 52,00 XCSE 20160915 17:14:02.806968 16 September 2016 Volume Price Venue Time CET ---------------------------------------------- 15.476 51,50 ---------------------------------------------- 1.000 51,50 XCSE 20160916 10:22:16.384000 5.000 51,50 XCSE 20160916 16:35:12.000000 500 51,50 XCSE 20160916 16:48:08.013000 8.976 51,50 XCSE 20160916 17:04:23.811598