Pursuant to section 28(a) of the Danish Securities Trading Act Tivoli A/S shall
report the transactions in Tivoli A/S shares of managerial staff and connected
persons: 

Name: Claus Dyhr
Reason: CFO
Issuer: Tivoli A/S
ISIN code: DK 0010040500
Type: Tivoli
Transaction: Acquisition
Trading date: 23 December 2009
Market: Nasdaq OMX Copenhagen A/S
Number: 10
Market price: DKK 23.480

Yours faithfully,
T I V O L I

Stine Lolk
Deputy Managing Director

Contact: Stine Lolk, Deputy Managing Director (phone +45 22 23 73 38 /
sl@tivoli.dk)