Company Announcement No. 411
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 1-35 | 5,109,454 | 104.71 | 535,034,147 |
| 36: 15 September 2011 | 60,000 | 104.57 | 6,273,936 |
| 37: 16 September 2011 | 69,137 | 104.01 | 7,191,237 |
| 38: 19 September 2011 | 170,857 | 102.10 | 17,444,004 |
| 39: 20 September 2011 | 32,000 | 103.99 | 3,327,523 |
| 40: 21 September 2011 | 46,240 | 105.66 | 4,885,755 |
| 41: 22 September 2011 | 264,732 | 101.73 | 26,931,186 |
| 42: 23 September 2011 | 105,938 | 99.29 | 10,518,605 |
| Accumulated for trading 1-42 | 5,858,358 | 104.40 | 611,606,394 |
DSV’s accumulated share buy-backs in the period from 28 July 2011 to 23 September 2011 thus total 5,858,358 numbers of shares at a total purchase sum of 611.6 DKK million.
As of today, DSV A/S now holds a total of 14,631,652 shares of a nominal DKK 1 in DSV A/S corresponding to 7.17% of the total number of issued shares of 204,000,000.
The last announcement dated 14 September 2011 stated that DSV A/S held 6.81% 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