Company Announcement No. 380
On 24 February 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 377 of 24 February 2011. According to the programme DSV will in the period to 28 April 2011 purchase own shares up to a maximum value of DKK 500,000,000 and no more than 6,000,000 shares, corresponding to 2.87% 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. 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 1-7 | 696,188 | 122.20 | 85,071,048 |
| 8: 7 March 2011 | 70,000 | 125.31 | 8,771,700 |
| 9: 8 March 2011 | 181,000 | 125.69 | 22,749,890 |
| 10: 9 March 2011 | 81,960 | 125.04 | 10,248,278 |
| 11: 10 March 2011 | 118,299 | 123.53 | 14,613,475 |
| 12: 11March 2011 | 173,556 | 122.57 | 21,272,759 |
| 13: 14 March 2011 | 78,462 | 121.74 | 9,551,964 |
| 14: 15 March 2011 | 111,655 | 119.30 | 13,320,442 |
| Accumulated for trading 1-14 | 1,511,120 | 122.82 | 185,599,556 |
DSV’s accumulated share buy-backs in the period from 24 February 2011 to 15 March 2011 thus total 1,511,120 numbers of shares at a total purchase sum of 185,6 DKK million.
As of today, DSV A/S now holds a total of 6,335,781 shares of a nominal DKK 1 in DSV A/S corresponding to 3.03% of the total number of issued shares of 209,150,000.
The last announcement dated 4 March 2011 stated that DSV A/S held 2.68% 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