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Intact has obtained approval from the Danish Competition and Consumer Authority to acquire sole control of RSA's business outside Norway and Sweden, including the acquisition of sole control of RSA’s Danish business placed in Codan A/S

Not for release, publication or distribution in whole or in part, in, or into the United States.
Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of that jurisdiction.

Intact has obtained approval from the Danish Competition and Consumer Authority to acquire sole control of RSA's business outside Norway and Sweden, including the acquisition of sole control of RSA’s Danish business placed in Codan A/S

Today, the Danish Competition and Consumer Authority has announced that approval has been granted to Intact Financial Corporation and its consolidated subsidiaries (the "Intact Group") in connection with the acquisition of sole control of RSA Insurance Group plc's ("RSA") business outside Norway and Sweden, including the acquisition of sole control of RSA's Danish business (the "Acquisition").

As previously announced, following completion of the Acquisition, the Tryg group will co-own RSA’s business in Denmark ("Codan Denmark") with the Intact Group on a 50/50 economic basis. Codan Denmark will remain completely separate and independent of Tryg.

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The Acquisition remains subject to a number of outstanding conditions which includes receipt of the required regulatory clearances in certain jurisdictions, including to implement the Acquisition.

Contact information:
• Gianandrea Roberti, Investor Relations Officer +45 20 18 82 67 gianandrea.roberti@tryg.dk
• Peter Brondt, Investor Relations Manager +45 22 75 89 04 peter.brondt@tryg.dk
• Tanja Frederiksen, Head of Communications +45 51 95 77 78 tanja.frederiksen@tryg.dk

Visit tryg.com and follow us on twitter.com/TrygIR

Important Information
This announcement is not a supplement to the Tryg prospectus dated 1 March 2021.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the "US Securities Act"), as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

In any member state of the European Economic Area other than Denmark, Norway and Sweden (each a "Relevant State"), this communication is only addressed to, and is only directed at, persons in that Relevant State who fulfil the criteria for exemption from the obligation to publish a prospectus, including “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. For the purposes of this provision, the expression “Prospectus Regulation” means Regulation (EU) 2017/1129.

In the United Kingdom, this communication is being distributed only to, and is directed only at, persons who are "qualified investors" (as defined in Article 2(e) of the UK Prospectus Regulation) and who are: (i) persons having professional experience in matters relating to investments falling within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); (ii) persons who are high net worth bodies corporate, unincorporated associations and partnerships and the trustees of high value trusts, as described in Article 49(2)(a) to (d) of the Order; and/or (iii) persons to whom it may otherwise lawfully be communicated under the Order (all such persons together being referred to as "Relevant Persons"). This communication must not be acted on or relied on in the United Kingdom by persons who are not Relevant Persons. In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, Relevant Persons.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITY IN THE UNITED STATES, THE UNITED KINGDOM, THE REPUBLIC OF ITALY, SWITZERLAND, AUSTRALIA, CANADA, THE ONSHORE UNITED ARAB EMIRATES, THE DUBAI INTERNATIONAL FINANCIAL CENTRE, THE ABU DHABI GLOBAL MARKET, SINGAPORE, JAPAN, HONG KONG, OR THE PEOPLE'S REPUBLIC OF CHINA. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

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