Company Announcement No. 398
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 1-28 | 2,660,141 | 128.73 | 342,427,549 |
| 29: 14 June 2011 | 54,412 | 125.68 | 6,838,560 |
| 30: 15 June 2011 | 163,000 | 124.73 | 20,330,990 |
| 31: 16 June 2011 | 162,000 | 120.72 | 19,556,332 |
| 32: 17 June 2011 | 65,255 | 119.23 | 7,780,067 |
| 33: 20 June 2011 | 109,773 | 119.65 | 13,134,339 |
| 34: 21 June 2011 | 15,810 | 121.24 | 1,916,773 |
| 35: 22 June 2011 | 149,482 | 120.92 | 18,075,483 |
| Accumulated for trading 1-35 | 3,379,873 | 127.24 | 430,060,093 |
DSV’s accumulated share buy-backs in the period from 29 April 2011 to 22 June 2011 thus total 3,379,873 numbers of shares at a total purchase sum of 430.1 DKK million.
As of today, DSV A/S now holds a total of 6,560,762 shares of a nominal DKK 1 in DSV A/S corresponding to 3.22% of the total number of issued shares of 204,000,000.
The last announcement dated 10 June 2011 stated that DSV A/S held 2.87% 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