Company Announcement No. 390
On 29 April 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 388 of 29 April 2011. According to the programme DSV will in the period to 21 July 2011 purchase own shares up to a maximum value of DKK 700,000,000 and no more than 7,000,000 shares, corresponding to 3.43% 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 |
| 1: 29 April 2011 | 100,000 | 131.25 | 13,124,800 |
| 2: 2 May 2011 | 82,413 | 130.30 | 10,738,579 |
| 3: 3 May 2011 | 141,764 | 129.86 | 18,408,892 |
| 4: 4 May 2011 | 137,000 | 128.43 | 17,594,910 |
| 5: 5 May 2011 | 133,000 | 127.01 | 16,892,330 |
| 6: 6 May 2011 | 30,000 | 126.06 | 3,781,800 |
| 7: 9 May 2011 | 51,976 | 129.16 | 6,713,220 |
| Accumulated for trading 1-7 | 676,153 | 129.05 | 87,254,531 |
DSV’s accumulated share buy-backs in the period from 29 April 2011 to 9 May 2011 thus total 676,153 numbers of shares at a total purchase sum of 87.3 DKK million.
As of today, DSV A/S now holds a total of 3,987,042 shares of a nominal DKK 1 in DSV A/S corresponding to 1.95% of the total number of issued shares of 204,000,000.
The last announcement dated 29 April 2011 stated that DSV A/S held 1.64% 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