Executive Board remuneration

The salaries reflect the responsibilities of the Executive Board and are set at a level that makes it possible to attract and retain persons with the desired qualifications.

Performance related bonuses are awarded once a year on the basis of the Executive Board's fulfilment of various objectives. The same is true of share options and conditional shares.

Sven Lystbæk, Tonny Thierry Andersen and Per Skovhus joined the Executive Board on September 1, 2006. Their salaries, bonuses, pensions and share-based payments relate to the period from September 1, 2006, to December 31, 2006.

Salary and bonus (DKr m)	Salary 2007	Cash bonuses 2007	Total, 2007	Total, 2006
Peter Straarup	6.1	1.0	7.1	6.5
Jakob Brogaard*	1.8	0.2	2.0	4.0
Tonny Thierry Andersen**	3.1	0.5	3.6	1.1
Sven Lystbæk**	3.8	0.5	4.3	1.4
Per Skovhus**	3.1	0.5	3.6	1.0
Total	17.9	2.7	20.6	14.0

* Resigned from the Executive Board on June 30, 2007.

** For these Executive Board members the remuneration is only for the period from the 1st of September to the 31st of December 2006 as their entry into the Executive Board started on the 1st of September 2006.