Company Announcement No. 370
On 29 October 2010, DSV initiated the published share buy-back programme, cf. company announcement no. 361 of 29 October 2010. According to the programme DSV will in the period to 16 February 2011 purchase own shares up to a maximum value of DKK 600,000,000 and no more than 6,000,000 shares. The program is implemented in accordance with the “Safe Harbour” provisions of EU regulation no. 2273/2003 of 22 December 2003. Therefore, DSV will publish the accumulated buy-backs under the programme every 7th trading day.
| Trading day | Number of shares bought back | Average transaction price | Amount DKK |
| Accumulated for trading day 1-35 | 2,254,473 | 114.70 | 258,589,346 |
| 36: 17 December 2010 | 40,000 | 118.62 | 4,744,800 |
| 37: 20 December 2010 | 78,402 | 118.03 | 9,253,788 |
| 38: 21 December 2010 | 15,194 | 118.70 | 1,803,528 |
| 39: 22 December 2010 | 123,500 | 120.16 | 14,839,846 |
| 40: 23 December 2010 | 21,200 | 120.84 | 2,561,840 |
| 41: 27 December 2010 | 10,000 | 120.70 | 1,207,000 |
| 42: 28 December 2010 | 5,000 | 121.00 | 605,000 |
| Accumulated for trading 1-42 | 2,547,769 | 115.24 | 293,605,148 |
DSV’s accumulated share buy-backs in the period from 29 October 2010 to 28 December 2010 thus total 2,547,769 numbers of shares at a total purchase sum of 293.6 DKK million.
As of today DSV A/S now holds a total of 2,650,996 shares of a nominal DKK 1 in DSV A/S corresponding to 1.27% of the total number of issued shares of 209,150,000.
The last announcement dated 16 December 2010 stated that DSV A/S held 1.14% of the company’s share capital.
Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.
Yours sincerely,
DSV
Jens Bjørn Andersen Jens H. Lund
CEO CFO