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|                                      |             Copenhagen, 14 March 2008 |
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Alm. Brand A/S - reduction in share capital by cancelling own shares            

The share capital of Alm. Brand will be reduced with effect from 19 March 2007: 

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| ISIN                      | Name in Official List                            |
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| DK0015250344              | Alm. Brand                                       |
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On 20 November 2007, the extraordinary general meeting in Alm. Brand adopted to 
reduce the share capital by cancelling own shares.                              

For further information, please contact: Asta Jepsen, Surveillance, tel. +45 33 
93 33 66                                                                        
ISIN: DK0015250344 (VP: 1525034)                                                

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| Name in Official List:                | Alm. Brand                           |
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| Volume before change:                 | 20,850,000 shares (DKK               |
|                                       | 1,668,000,000)                       |
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| Change:                               | 1,200,000 shares (DKK 96,000,000)    |
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| Volume after change:                  | 19,650,000 shares (DKK               |
|                                       | 1,572,000,000)                       |
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| Denomination:                         | DKK 80                               |
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| Short name:                           | ALMB                                 |
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| Share type:                           | AKTIE                                |
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GENERAL INFORMATION                                                             

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| Name/bearer:                          | Name                                 |
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| Voting rights on listed shares:       | Full                                 |
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| Financial year:                       | 1 January - 31 December              |
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| Unlisted share capital:               | DKK 0                                |
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| Reduction in share capital            | Yes                                  |
| registered:                           |                                      |
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| Issuing bank:                         | Alm. Brand Bank A/S                  |
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| Trading lot:                          | 25                                   |
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| CBR no.:                              | 77 33 35 17                          |
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| GICS:                                 | 40 30 10 50                          |
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| Type:                                 | 25                                   |
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