Certifications

Statement by the Supervisory Board and the Executive Management

The Supervisory Board and the Executive Management have today considered and adopted the annual report for 2007 of TrygVesta A/S and the TrygVesta Group.

The consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards as adopted by the EU, and the financial statements of the parent company have been prepared in accordance with the Danish Financial Business Act. In addition, the annual report has been presented in accordance with additional Danish disclosure requirements for the annual reports of listed financial enterprises.

In our opinion, the accounting policies applied are appropriate, and the annual report gives a true and fair view of the Group’s and the parent company’s assets, liabilities, and financial
position at 31 December 2007 and of the results of the Group’s and the parent company’s operations and the cash flow of the Group for the financial year ended 31 December 2007.

The management’s report gives a true and fair view of developments in the activities and financial position of the company and describes significant risk and uncertainty factors
that may affect the company.

We recommend that the annual report be adopted by the shareholders at the annual general meeting.

Ballerup, 25 February 2008

Executive Management
Christine Bosse Group CEO		Morten Hübbe Group CFO		Peter Falkenham Group COO
Supervisory board
Mikael Olufsen Chairman		Bodil Nyboe Andersen Deputy Chairman		Jørn Wendel Andersen
Paul Bergqvist		Christian Brinch		Niels Bjørn Christiansen
John R. Frederiksen		Per Skov		Trond Christiansen
Peter Wagner Mollerup		Birthe Petersen		Håkon J. Huseklepp

 

Independent auditors’ report

To the shareholder of TrygVesta A/S. We have audited the annual report of TrygVesta A/S for the financial year starting on January 1 and ending on December 31, 2007, which comprises the management’s report, the statement by management, accounting policies, income statement, balance sheet, capital and notes for the Group as well as the parent company and the cash flow statement for the Group. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as adopted by the EU, and the parents financial statements have been prepared in accordance with the Danish Financial Business Act. In addition, the annual report has been presented in accordance with additional Danish disclosure requirements for the annual reports of listed financial enterprises.

Management’s responsibility for the annual report

Management is responsible for preparing and presenting an annual report that gives a true and fair view in accordance with the International Financial Reporting Standards as adopted by the EU in respect of the consolidated financial statements and in accordance with the Danish Financial Business Act in respect of the parent company’s financial statements
and in accordance with additional Danish disclosure requirements for annual reports of listed financial enterprises. This responsibility includes; designing, implementing and maintaining internal control relevant to the preparation and fair presentation of an annual report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Basis of opinion

Our responsibility is to express an opinion on the annual report based on our audit. We conducted our audit in accordance with Danish auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance that the annual report is free from materiel misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the annual report. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the annual report, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the preparation and fair presentation of the annual report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the annual report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Our audit did not result in any qualification.

Opinion

In our opinion, the annual report gives a true and fair view of the Group’s and assets, liabilities and financial position at December 31, 2007, and of the results of the Group’s operations and the Group’s cash flows for the financial year starting on January 1 and ending on December 31, 2007 in accordance with International Financial Reporting Standards as
adopted by the EU and in accordance with additional Danish disclosure requirements for annual reports of listed financial enterprises. Furthermore in our opinion, the annual report gives a true and fair view of the parent company’s assets, liabilities and financial position at December 31, 2007, and of the results of the parent company’s operations for the financial year starting on January 1 and ending on December 31, 2007 in accordance with the Danish Financial Business Act and in accordance with additional Danish disclosure requirements for
annual reports of listed financial enterprises.

Ballerup, 25 February 2008

Deloitte
Statsautoriseret Revisionsaktieselskab

Lone Møller Olsen State Authorised  Public Accountant

Leif Zilmer State Authorised  Public Accountant