Company Announcement No. 399
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 1-35 | 3,379,873 | 127.24 | 430,060,093 |
| 36: 23 June 2011 | 179,000 | 118.75 | 21,256,250 |
| 37: 24 June 2011 | 141,387 | 119.05 | 16,831,373 |
| 38: 27 June 2011 | 105,822 | 118.11 | 12,498,107 |
| 39: 28 June 2011 | 116,222 | 118.64 | 13,788,485 |
| 40: 29 June 2011 | 70,868 | 121.08 | 8,580,428 |
| 41: 30 June 2011 | 106,516 | 123.15 | 13,117,903 |
| 42: 1 July 2011 | 155,845 | 123.20 | 19,199,855 |
| Accumulated for trading 1-42 | 4,255,533 | 125.80 | 535,332,495 |
DSV’s accumulated share buy-backs in the period from 29 April 2011 to 1 July 2011 thus total 4,255,533 numbers of shares at a total purchase sum of 535.3 DKK million.
As of today, DSV A/S now holds a total of 7,434,422 shares of a nominal DKK 1 in DSV A/S corresponding to 3.64% of the total number of issued shares of 204,000,000.
The last announcement dated 22 June 2011 stated that DSV A/S held 3.22% 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