Company Announcement No. 444
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 1-21 | 720,764 | 128.02 | 92,273,423 |
| 22: 21 March 2012 | 30,829 | 129.39 | 3,988,804 |
| 23: 22 March 2012 | 104,500 | 126.20 | 13,188,318 |
| 24: 23 March 2012 | 32,500 | 127.00 | 4,127,435 |
| 25: 26 March 2012 | 15,000 | 128.84 | 1,932,525 |
| 26: 27 March 2012 | 35,000 | 128.87 | 4,510,275 |
| 27: 28 March 2012 | 27,500 | 128.36 | 3,529,790 |
| 28: 29 March 2012 | 124,054 | 126.31 | 15,669,509 |
| Accumulated for trading day 1-28 | 1,090,147 | 127.71 | 139,220,079 |
DSV's accumulated share buy-backs in the period from 21 February 2012 to 29 March 2012 thus total 1,090,147 numbers of shares at a total purchase sum of DKK 139.2 million.
As of today, DSV A/S now holds a total of 5,123,097 shares of a nominal DKK 1 in DSV A/S corresponding to 2.70% of the total number of issued shares of 190,000,000.
The last announcement dated 20 March 2012 stated that DSV A/S held 2.52% 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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