Company Announcement No. 384
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 1-28 | 2,777,488 | 123.69 | 343,552,293 |
| 29: 5 April 2011 | 131,361 | 128.95 | 16,939,001 |
| 30: 6 April 2011 | 103,795 | 129.19 | 13,409,276 |
| 31: 7 April 2011 | 170,785 | 128.22 | 21,898,053 |
| 32: 8 April 2011 | 46,488 | 126.85 | 5,897,003 |
| 33: 11 April 2011 | 106,436 | 126.41 | 13,454,575 |
| 34: 12 April 2011 | 136,689 | 125.34 | 17,132,599 |
| 35: 13 April 2011 | 24,686 | 125.50 | 3,098,093 |
| Accumulated for trading 1-35 | 3,497,728 | 124.48 | 435,380,893 |
DSV’s accumulated share buy-backs in the period from 24 February 2011 to 13 April 2011 thus total 3,497,728 numbers of shares at a total purchase sum of 435.4 DKK million.
As of today, DSV A/S now holds a total of 8,075,889 shares of a nominal DKK 1 in DSV A/S corresponding to 3.86% of the total number of issued shares of 209,150,000.
The last announcement dated 4 April 2011 stated that DSV A/S held 3.54% 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