January 9, 2017 - 9:38 AM CET

9 January 2017
Announcement No. 03/2017

On 15 November 2016, Topdanmark announced a buy-back programme of up to DKK 650m in its company announcement No. 67/2016. The buy-back programme will be executed in accordance with Regulation (EU) No. 596/2014 of the European Parliament and the Council of 16 April 2014, the 'Market Abuse Regulation'.

This buy-back programme is part of an overall buy-back programme of a total of DKK 1,450m, until 17 February 2017, approved by the DFSA.

Before 23 February 2017, Topdanmark will apply for DFSA-approval of the additional buy-back of DKK 200m, due to the upgrade. Accordingly, execution of the buy-back should take place in 2017.

In the period 12 February 2016 to 14 November 2016, shares at a value of DKK 1,000m were bought back, of the total DKK 1,450m share buy-back programme.

The following transactions were made under the share buy-back programme in the period from 2 January to 6 January 2017:

Number
of shares 		Average purchase
price (DKK) 		Transaction
value (DKK)
2 January 2017 22,000 180.05 3,961,100
3 January 2017 25,000 179.28 4,482,000
4 January 2017 20,000 178.84 3,576,800
5 January 2017 30,000 177.82 5,334,600
6 January 2017 40,000 177,24 7,089,600
Total accumulated in the period 137,000 178.42 24,444,100
Total accumulated under the buy-back programme 7,251,840 1,264,059,923

Following the transactions stated above, Topdanmark's holding of own shares is 7,921,000 shares, corresponding to 8.34% of the share capital.

Detailed and aggregated transaction data concerning the share buy-back are attached in compliance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.

Please direct any queries to:
Lars Thykier, CFO
Tel: +45 44 74 37 14

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

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Topdanmark A/S published this content on 09 January 2017 and is solely responsible for the information contained herein.
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