Company Announcement No. 405
On 28 July 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 404 of 28 July 2011. According to the programme DSV will in the period to 13 October 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: 28 July 2011 | 164,791 | 115.81 | 19,083,622 |
| 2: 29 July 2011 | 148,000 | 115.64 | 17,113,936 |
| 3: 1 August 2011 | 144,544 | 117.56 | 16,991,870 |
| 4: 2 August 2011 | 189,803 | 113.09 | 21,465,618 |
| 5: 3 August 2011 | 198,597 | 113.52 | 22,544,910 |
| 6: 4 August 2011 | 180,000 | 111.30 | 20,034,882 |
| 7: 5 August 2011 | 164,000 | 106.71 | 17,500,407 |
| Accumulated for trading 1-7 | 1,189,735 | 113.25 | 134,735,245 |
DSV’s accumulated share buy-backs in the period from 28 July 2011 to 5 August 2011 thus total 1,189,735 numbers of shares at a total purchase sum of 134.7 DKK million.
As of today, DSV A/S now holds a total of 9,965,529 shares of a nominal DKK 1 in DSV A/S corresponding to 4.89% of the total number of issued shares of 204,000,000.
The last announcement dated 28 July 2011 stated that DSV A/S held 4.30% 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