Company Announcement No. 441
On 21 February 2012, DSV initiated the published share buy-back programme, cf. company announcement no. 435 of 21 February 2012. According to the programme DSV will in the period to 23 April 2012 purchase own shares up to a maximum value of DKK 200,000,000 and no more than 2,000,000 shares, corresponding to 1.05% 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 1-14 | 554,645 | 127.09 | 70,491,630 |
| 15: 12 March 2012 | 24,095 | 131.54 | 3,169,456 |
| 16: 13 March 2012 | 18,250 | 131.96 | 2,408,270 |
| 17: 14 March 2012 | 26,000 | 131.78 | 3,426,306 |
| 18: 15 March 2012 | 16,000 | 131.25 | 2,100,048 |
| 19: 16 March 2012 | 15,000 | 133.48 | 2,002,185 |
| 20: 19 March 2012 | 29,274 | 130.46 | 3,818,940 |
| 21: 20 March 2012 | 37,500 | 129.51 | 4,856,588 |
| Accumulated for trading day 1-21 | 720,764 | 128.02 | 92,273,423 |
DSV's accumulated share buy-backs in the period from 21 February 2012 to 20 March 2012 thus total 720,764 numbers of shares at a total purchase sum of DKK 92.3 million.
As of today, DSV A/S now holds a total of 4,787.914 shares of a nominal DKK 1 in DSV A/S corresponding to 2.52% of the total number of issued shares of 190,000,000.
The last announcement dated 9 March 2012 stated that DSV A/S held 2.60% of the company's share capital.
Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Manager, tel. +45 43 20 30 40.
Yours sincerely,
DSV
Flemming Ole Nielsen
Investor Relations Manager
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