Company Announcement No. 406
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 |
| Accumulated for trading day 1-7 | 1,189,735 | 113.25 | 134,735,245 |
| 8: 8 August 2011 | 200,000 | 103.08 | 20,616,180 |
| 9: 9 August 2011 | 110,000 | 102.84 | 11,312,026 |
| 10: 10 August 2011 | 201,220 | 106.71 | 21,472,367 |
| 11: 11 August 2011 | 130,000 | 102.24 | 13,291,135 |
| 12: 12 August 2011 | 30,000 | 107.12 | 3,213,624 |
| 13: 15 August 2011 | 55,000 | 113.23 | 6,227,425 |
| 14: 16 August 2011 | 200,000 | 109.26 | 21,851,440 |
| Accumulated for trading 1-14 | 2,115,955 | 109.98 | 232,719,442 |
DSV’s accumulated share buy-backs in the period from 28 July 2011 to 16 August 2011 thus total 2,115,955 numbers of shares at a total purchase sum of 232.7 DKK million.
As of today, DSV A/S now holds a total of 10,891,749 shares of a nominal DKK 1 in DSV A/S corresponding to 5.34% of the total number of issued shares of 204,000,000.
The last announcement dated 5 August 2011 stated that DSV A/S held 4.89% 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