Company Announcement No. 409
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 1-21 | 3,381,919 | 106.76 | 361,057,705 |
| 22: 26 August 2011 | 178,623 | 100.01 | 17,864,569 |
| 23: 29 August 2011 | 43,000 | 100.97 | 4,341,796 |
| 24: 30 August 2011 | 70,544 | 102.57 | 7,235,451 |
| 25: 31 August 2011 | 0 | - | - |
| 26: 1 September 2011 | 63,367 | 107.61 | 6,818,834 |
| 27: 2 September 2011 | 209,528 | 103.72 | 21,732,433 |
| 28: 5 September 2011 | 244,968 | 99.88 | 24,466,644 |
| Accumulated for trading 1-28 | 4,191,949 | 105.80 | 443,517,432 |
DSV’s accumulated share buy-backs in the period from 28 July 2011 to 5 September 2011 thus total 4,191,949 numbers of shares at a total purchase sum of 443.5 DKK million.
As of today, DSV A/S now holds a total of 12,965,743 shares of a nominal DKK 1 in DSV A/S corresponding to 6.36% of the total number of issued shares of 204,000,000.
The last announcement dated 25 August 2011 stated that DSV A/S held 5.96% 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