Company Announcement No. 394
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 |
| Accumulated for trading day 1-14 | 1,322,530 | 129.43 | 171,169,758 |
| 15: 19 May 2011 | 43,745 | 128.92 | 5,639,605 |
| 16: 23 May 2011 | 125,058 | 126.92 | 15,872,361 |
| 17: 24 May 2011 | 19,550 | 127.53 | 2,493,255 |
| 18: 25 May 2011 | 79,501 | 128.07 | 10,181,693 |
| 19: 26 May 2011 | 80,987 | 128.04 | 10,369,575 |
| 20: 27 May 2011 | 72,976 | 128.72 | 9,393,471 |
| 21: 30 May 2011 | 22,803 | 129.29 | 2,948,200 |
| Accumulated for trading 1-21 | 1,767,150 | 129.06 | 228,067,919 |
DSV’s accumulated share buy-backs in the period from 29 April 2011 to 30 May 2011 thus total 1,767,150 numbers of shares at a total purchase sum of 228.0 DKK million.
As of today, DSV A/S now holds a total of 4,973,539 shares of a nominal DKK 1 in DSV A/S corresponding to 2.44% of the total number of issued shares of 204,000,000.
The last announcement dated 18 May 2011 stated that DSV A/S held 2.23% 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