Company Announcement No. 421
On 26 October 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 417 of 26 October 2011. According to the programme DSV will in the period to 23 January 2012 purchase own shares up to a maximum value of DKK 400,000,000 and no more than 5,000,000 shares, corresponding to 2.45% of the present share capital of DSV A/S. The program is implemented in accordance with the “Safe Harbour” provisions of EU regulation no. 2273/2003 of 22 December 2003. DSV will therefore 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 1-14 | 900,307 | 106.54 | 95,921,671 |
| 15: 15 November 2011 | 50,000 | 106.19 | 5,309,550 |
| 16: 16 November 2011 | 73,109 | 106.36 | 7,775,595 |
| 17: 17 November 2011 | 45,000 | 107.02 | 4,815,990 |
| 18: 18 November 2011 | 85,989 | 106.72 | 9,176,342 |
| 19: 21 November 2011 | 90,000 | 102.99 | 9,268,920 |
| 20: 22 November 2011 | 70,000 | 102.53 | 7,177,030 |
| 21: 23 November 2011 | 65,000 | 102.13 | 6,638,385 |
| Accumulated for trading 1-21 | 1,379,405 | 105.90 | 146,083,484 |
DSV’s accumulated share buy-backs in the period from 26 October 2011 to 23 November 2011 thus total 1,379,405 numbers of shares at a total purchase sum of DKK 146.1 million.
As of today, DSV A/S now holds a total of 2,871,570 shares of a nominal DKK 1 in DSV A/S corresponding to 1.51% of the total number of issued shares of 190,000,000. Reduction of the share capital by a nominal amount of DKK 14,000,000 through cancellation of 14,000,000 treasury shares was completed on 22 April 2011.
The last announcement dated 14 November 2011 stated that DSV A/S held 8.04% of the company’s share capital, which at that time amounted to 204,000,000 number of issued shares.
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