9 May 2016
Announcement No. 28/2016

On 11 February 2016, Topdanmark announced a buy-back programme of up to DKK
300m in its company announcement No. 10/2016. The buy-back programme will be
executed in accordance with the European Commission’s Regulation No. 2273/2003
of 22 December 2003, the ”Safe Harbour-regulation”. The share buy-back will
take place in the period from 12 February 2016 to 9 May 2016. 

This buy-back programme is part of an overall buy-back programme of a total of
DKK 1,250m, until 23 February 2017, of which the DFSA so far has approved
buy-back of DKK 600m until 30 September 2016. 

The following transactions have been made under the share buy-back programme in
the period from 2 May to 4 May 2016: 

                                          Number     Average         Transaction
                                          of shares   purchase       value (DKK)
                                                     price (DKK)                
2 May 2016                                   60,000          174.04   10,442,400
3 May 2016                                   60,000          173.60   10,416,000
4 May 2016                                   61,000          171.32   10,450,520
Total accumulated in the period             181,000          172.98   31,308,920
Total accumulated under the buy-back      1,427,520                  238,115,073
 programme                                                                      

Following the transactions stated above, Topdanmark’s holding of own shares is
12,310,000 shares, corresponding to 11.72% of the share capital. 

Please direct any queries to:
Steffen Heegaard, Group Communications and IR Director
Direct tel: +45 4474 4017, mobile: +45 4025 3524



Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup