4 January 2010 Trading report No. 01/2010 In accordance with Section 28(a) of the Danish Securities Trading Act, Topdanmark is required to publish details of the transactions in Topdanmark's shares and related securities effected by senior management and their connected persons. The following has been reported to Topdanmark: Name: Christian Sagild Reason: CEO Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Purchase of options Trade date: 4 January 2010 Market: Nasdaq OMX, Copenhagen Number: 16,400 Share price in DKK: 1,766,000 Name: Lars Thykier Reason: CFO Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Purchase of options Trade date: 4 January 2010 Market: Nasdaq OMX, Copenhagen Number: 10,000 Share price in DKK: 1,077,000 Name: Kim Bruhn-Petersen Reason: COO Issuer: Topdanmark A/S ISIN code: 1025953 Designation: Shares Transaction: Purchase of options Trade date: 4 January 2010 Market: Nasdaq OMX, Copenhagen Number: 10,900 Share price in DKK: 1,174,000 The share price has been calculated using the Black and Scholes model assuming a share price of DKK 705.72, an interest rate equivalent to the zero coupon rate based on the swap curve of 30 December 2009, future annual volatility of 22%, corporation tax of 25% and a pattern of exercise similar to Topdanmark's previous allocations of share options. Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Direct tel: +45 4474 4017, Mobile: +45 4025 3524