In the period 28 November 2016 to 2 December 2016, Alm. Brand bought own shares for a total amount of DKK 6.7 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 312.2 million have been bought back, equivalent to 78% 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) 28 November 2016 23,809 52.40 1,247,592 29 November 2016 23,809 52.32 1,245,687 30 November 2016 26,190 52.58 1,377,070 1 December 2016 27,380 52.00 1,423,760 2 December 2016 27,619 52.44 1,448,340 Accumulated during the period 128,807 52.35 6,742,449 Accumulated under the share 6,603,207 47.28 312,196,526 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 9,640,005 own shares, equivalent to 5.6% 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: Susanne Biltoft, Head of Information and Investor Relation, on tel. +45 35 47 76 61. Detailed transaction data 28 November 29 November 30 November 01 December 02 December 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 19.894 52,42 23.809 52,32 22.594 52,56 26.893 52,00 26.589 52,45 TRQX 596 52,50 0 789 52,50 66 52,00 350 52,31 TRQM 750 52,25 0 2.586 52,75 0 0 BATE 0 0 130 52,50 195 52,00 500 52,12 BATD 1.100 52,25 0 0 0 0 CHIX 44 52,50 0 91 52,50 226 52,00 180 52,50 CHID 1.425 52,25 0 0 0 0 Total 23.809 52,40 23.809 52,32 26.190 52,58 27.380 52,00 27.619 52,44 -------------------------------------------------------------------------------- ----- 28 November 2016 Volume Price Venue Time CET ---------------------------------------------- 23.809 52,40 ---------------------------------------------- 1.060 52,50 XCSE 20161128 13:13:28.568000 26 52,50 TRQX 20161128 13:13:28.583000 44 52,50 CHIX 20161128 13:13:34.111000 237 52,50 TRQX 20161128 13:16:50.488000 263 52,50 TRQX 20161128 13:23:50.866000 70 52,50 TRQX 20161128 13:30:00.060000 47 52,50 XCSE 20161128 13:35:04.840000 2.753 52,50 XCSE 20161128 13:56:27.928000 360 52,50 XCSE 20161128 15:49:19.826000 358 52,50 XCSE 20161128 15:49:19.826000 425 52,50 XCSE 20161128 15:49:19.826000 352 52,50 XCSE 20161128 15:49:19.826000 5 52,50 XCSE 20161128 15:49:19.826000 150 52,25 XCSE 20161128 16:28:34.273000 450 52,25 BATD 20161128 16:28:34.289000 450 52,25 CHID 20161128 16:28:34.289000 150 52,25 XCSE 20161128 16:28:34.320000 150 52,25 XCSE 20161128 16:28:34.359000 150 52,25 TRQM 20161128 16:28:34.369000 327 52,25 CHID 20161128 16:35:28.612000 200 52,25 XCSE 20161128 16:35:37.667000 600 52,25 TRQM 20161128 16:35:37.682000 423 52,25 CHID 20161128 16:35:37.683000 75 52,25 BATD 20161128 16:35:37.683000 125 52,25 BATD 20161128 16:35:56.709000 75 52,25 XCSE 20161128 16:36:34.119000 225 52,25 BATD 20161128 16:36:34.139000 225 52,25 CHID 20161128 16:36:34.139000 150 52,25 BATD 20161128 16:36:34.209000 75 52,25 BATD 20161128 16:36:34.247000 13.809 52,40 XCSE 20161128 17:16:52.692847 29 November 2016 Volume Price Venue Time CET ---------------------------------------------- 23.809 52,32 ---------------------------------------------- 1.000 52,50 XCSE 20161129 10:11:07.121000 1.000 52,50 XCSE 20161129 10:11:07.121000 501 52,00 XCSE 20161129 13:35:00.092000 97 52,00 XCSE 20161129 13:35:00.092000 1.402 52,00 XCSE 20161129 13:35:00.092000 496 52,50 XCSE 20161129 15:43:26.606000 436 52,50 XCSE 20161129 15:43:26.606000 903 52,50 XCSE 20161129 15:43:26.606000 165 52,50 XCSE 20161129 15:43:26.606000 182 52,50 XCSE 20161129 16:00:36.295000 818 52,50 XCSE 20161129 16:00:36.295000 3.000 52,25 XCSE 20161129 16:37:04.775587 13.809 52,32 XCSE 20161129 16:49:47.536851 30 November 2016 Volume Price Venue Time CET ---------------------------------------------- 26.190 52,58 ---------------------------------------------- 72 52,50 TRQX 20161130 09:47:54.374000 4 52,50 TRQX 20161130 09:47:54.374000 461 52,50 TRQX 20161130 09:47:54.374000 128 52,50 XCSE 20161130 09:47:54.375000 146 52,50 XCSE 20161130 09:47:54.375000 37 52,50 XCSE 20161130 09:47:54.375000 25 52,50 CHIX 20161130 09:53:10.290000 876 52,50 XCSE 20161130 09:53:53.283000 195 52,50 XCSE 20161130 11:25:42.344000 38 52,50 BATE 20161130 12:29:55.535000 56 52,50 XCSE 20161130 12:29:55.554000 1.520 52,50 XCSE 20161130 12:29:55.554000 237 52,50 XCSE 20161130 12:46:10.169000 204 52,50 XCSE 20161130 12:46:12.103000 1 52,50 XCSE 20161130 13:35:02.412000 92 52,50 BATE 20161130 14:15:59.145000 760 52,50 XCSE 20161130 14:16:41.251000 148 52,50 XCSE 20161130 14:37:40.857000 1.500 52,75 TRQM 20161130 16:04:11.351000 500 52,75 TRQM 20161130 16:04:11.351000 500 52,75 TRQM 20161130 16:04:17.751000 86 52,75 TRQM 20161130 16:04:17.751000 360 53,00 XCSE 20161130 16:04:17.772000 54 53,00 XCSE 20161130 16:04:17.772000 22 52,50 CHIX 20161130 16:06:46.352000 44 52,50 CHIX 20161130 16:06:46.352000 283 52,50 XCSE 20161130 16:22:51.316000 252 52,50 TRQX 20161130 16:23:05.129000 626 52,50 XCSE 20161130 16:28:23.729000 760 52,50 XCSE 20161130 16:28:32.663000 543 52,50 XCSE 20161130 16:28:32.663000 218 52,50 XCSE 20161130 16:28:36.060000 252 52,50 XCSE 20161130 16:28:36.060000 15.190 52,58 XCSE 20161130 16:48:07.692496 01 December 2016 Volume Price Venue Time CET ---------------------------------------------- 27.380 52,00 ---------------------------------------------- 1.128 52,00 XCSE 20161201 09:40:40.938000 372 52,00 XCSE 20161201 09:40:40.977000 68 52,00 CHIX 20161201 13:30:00.484000 66 52,00 TRQX 20161201 13:30:00.500000 59 52,00 BATE 20161201 13:30:00.501000 136 52,00 BATE 20161201 15:03:18.867000 2.109 52,00 XCSE 20161201 15:13:58.257000 66 52,00 XCSE 20161201 15:40:27.523000 496 52,00 XCSE 20161201 15:48:15.158000 158 52,00 CHIX 20161201 16:31:30.464000 73 52,00 XCSE 20161201 16:33:49.033000 5.185 52,00 XCSE 20161201 16:38:04.869000 1.584 52,00 XCSE 20161201 16:38:17.300000 15.880 52,00 XCSE 20161201 17:16:10.780251 02 December 2016 Volume Price Venue Time CET ---------------------------------------------- 27.619 52,44 ---------------------------------------------- 495 52,50 XCSE 20161202 13:16:07.006000 425 52,50 XCSE 20161202 13:16:07.006000 337 52,50 XCSE 20161202 13:16:07.006000 743 52,50 XCSE 20161202 13:16:07.006000 421 52,50 XCSE 20161202 15:03:10.460000 197 52,50 BATE 20161202 15:54:04.126000 2.847 52,50 XCSE 20161202 16:13:51.810000 1.153 52,50 XCSE 20161202 16:13:51.810000 190 52,50 XCSE 20161202 16:14:50.834000 965 52,50 XCSE 20161202 16:14:50.834000 563 52,50 XCSE 20161202 16:32:34.714000 139 52,50 XCSE 20161202 16:32:34.714000 73 52,50 XCSE 20161202 16:33:42.829000 60 52,50 CHIX 20161202 16:35:14.067000 60 52,50 CHIX 20161202 16:35:15.228000 115 52,50 BATE 20161202 16:38:22.772000 60 52,50 CHIX 20161202 16:38:22.772000 112 52,50 TRQX 20161202 16:42:07.983000 600 52,50 XCSE 20161202 16:43:16.259000 105 52,50 TRQX 20161202 16:43:16.283000 535 52,50 XCSE 20161202 16:45:46.256000 217 52,50 XCSE 20161202 16:45:50.132000 16.019 52,44 XCSE 20161202 17:07:15.873069 110 52,00 TRQX 20161202 10:13:34.178000 11 52,00 TRQX 20161202 10:14:08.915000 11 52,00 TRQX 20161202 10:15:09.970000 1 52,00 TRQX 20161202 10:22:34.546000 734 52,00 XCSE 20161202 10:45:18.736000 133 52,00 XCSE 20161202 13:55:02.325000 188 51,50 BATE 20161202 09:21:07.159000