24 May 2007 Stock Exchange announcement No. 06/2007 Codan A/S - ID code 1028863 - 8 RSA Overseas Holdings B.V. launches a recommended tender offer to the minority shareholders of Codan A/S Not for release or distribution in or into Canada, Australia or Japan RSA Overseas Holdings B.V., which holds 71.66% of the share capital and the votes in Codan A/S, equalling 75.34% of the share capital and the votes excluding Codan A/S' treasury shares, launches a recommended tender offer to the minority shareholders of Codan A/S and has requested Codan A/S to publish the attached press release on behalf of RSA Overseas Holdings B.V. Yours Sincerely Codan A/S Vibeke Krag Company Secretary
RSA Overseas Holdings B.V. launches a recommended tender offer to the minority shareholders of Codan A/S
| Source: Codan A/S