Company Announcement No. 424
On 26 October 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 417 of 26 October 2011. According to the programme DSV will in the period to 23 January 2012 purchase own shares up to a maximum value of DKK 400,000,000 and no more than 5,000,000 shares, corresponding to 2.45% of the share capital of DSV A/S at the day of announcement. 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 1-28 | 1,700,714 | 105.52 | 179,452,054 |
| 29: 5 December 2011 | 30,000 | 108.50 | 3,254,880 |
| 30: 6 December 2011 | 30,000 | 107.84 | 3,235,080 |
| 31: 7 December 2011 | 75,000 | 107.04 | 8,028,225 |
| 32: 8 December 2011 | 120,000 | 104.71 | 12,565,440 |
| 33: 9 December 2011 | 60,000 | 102.19 | 6,131,070 |
| 34: 12 December 2011 | 95,000 | 100.46 | 9,543,225 |
| 35: 13 December 2011 | 35,000 | 99.38 | 3,478,230 |
| Accumulated for trading 1-35 | 2,145,714 | 105.18 | 225,688,204 |
DSV’s accumulated share buy-backs in the period from 26 October 2011 to 13 December 2011 thus total 2,145,714 numbers of shares at a total purchase sum of DKK 225.7 million.
As of today, DSV A/S now holds a total of 3,637,379 shares with a face value of DKK 1 in DSV A/S corresponding to 1.91% of the total number of issued shares of 190,000,000.
The last announcement dated 2 December 2011 stated that DSV A/S held 1.68% 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