Company Announcement No. 426
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 1-42 | 2,628,551 | 104.17 | 273,813,490 |
| 43: 23 December 2011 | 60,000 | 101.72 | 6,102,960 |
| 44: 27 December 2011 | 43,044 | 101.55 | 4,370,946 |
| 45: 28 December 2011 | 70,000 | 101.67 | 7,116,550 |
| 46: 29 December 2011 | 30,000 | 101.60 | 3,047,940 |
| 47: 30 December 2011 | 32,500 | 102.68 | 3,337,035 |
| 48: 2 January 2012 | 30,841 | 103.98 | 3,206,878 |
| 49: 3 January 2012 | 50,911 | 104.07 | 5,298,410 |
| Accumulated for trading 1-49 | 2,945,847 | 103.98 | 306,294,209 |
DSV’s accumulated share buy-backs in the period from 26 October 2011 to 3 January 2012 thus total 2,945,847 numbers of shares at a total purchase sum of DKK 306.3 million.
As of today, DSV A/S now holds a total of 4,437,512 shares with a face value of DKK 1 in DSV A/S corresponding to 2.34% of the total number of issued shares of 190,000,000.
The last announcement dated 22 December 2011 stated that DSV A/S held 2.17% 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