3 January 2011
Trading report No. 01/2011
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: | 3 January 2011 |
| Market: | Nasdaq OMX, Copenhagen |
| Number: | 5,681 |
| Share price in DKK: | 618,661 |
| Name: | Lars Thykier |
| Reason: | CFO |
| Issuer: | Topdanmark A/S |
| ISIN code: | 1025953 |
| Designation: | Shares |
| Transaction: | Purchase of options |
| Trade date: | 3 January 2011 |
| Market: | Nasdaq OMX, Copenhagen |
| Number: | 3,765 |
| Share price in DKK: | 410,009 |
| Name: | Kim Bruhn-Petersen |
| Reason: | COO |
| Issuer: | Topdanmark A/S |
| ISIN code: | 1025953 |
| Designation: | Shares |
| Transaction: | Purchase of options |
| Trade date: | 3 January 2011 |
| Market: | Nasdaq OMX, Copenhagen |
| Number: | 3,776 |
| Share price in DKK: | 411,206 |
The share price has been calculated using the Black and Scholes model assuming a share price of DKK 734.73, an interest rate equivalent to the zero coupon rate based on the swap curve of 30 December 2010, 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:
Jens Langergaard, Head of Communications
Direct: +45 4474 4011, Mobile: +45 2141 0550