17 May 2016
Announcement No. 30/2016

On 10 May 2016, Topdanmark announced a buy-back programme of up to DKK 351m in
its company announcement No. 29/2016. 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 11 May 2016 to 15 August 2016. 

This buy-back programme is part of an overall buy-back programme of a total of
DKK 1,350m, 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 11 May to 13 May 2016: 

                                          Number     Average         Transaction
                                          of shares   purchase       value (DKK)
                                                     price (DKK)                
11 May 2016                                  45,000          173.23    7,795,350
12 May 2016                                  45,000          173.45    7,805,250
13 May 2016                                  45,000          172.26    7,407,180
Total accumulated in the period             133,000          172.99   23,007,780
Total accumulated under the buy-back      1,560,520                  261,122,853
 programme                                                                      





Following the transactions stated above, Topdanmark’s holding of own shares is
12,443,000 shares, corresponding to 11.82% of the share capital. 

Please direct any queries to:

Lars Thykier, CFO
Direct tel: +45 4474 3714



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