Company Announcement No. 446
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 1-28 | 1,090,147 | 127.71 | 139,220,079 |
| 29: 30 March 2012 | 42,500 | 126.58 | 5,379,438 |
| 30: 2 April 2012 | 29,358 | 127.54 | 3,744,290 |
| 31: 3 April 2012 | 15,000 | 129.38 | 1,940,730 |
| 32: 4 April 2012 | 81,311 | 126.56 | 10,290,720 |
| 33: 10 April 2012 | 40,000 | 123.79 | 4,951,760 |
| 34: 11 April 2012 | 75,000 | 121.97 | 9,147,375 |
| 35: 12 April 2012 | 15,000 | 124.43 | 1,866,375 |
| Accumulated for trading day 1-35 | 1,388,316 | 127.16 | 176,540,766 |
DSV's accumulated share buy-backs in the period from 21 February 2012 to 12 April 2012 thus total 1,388,316 numbers of shares at a total purchase sum of DKK176.5 million.
As of today, DSV A/S now holds a total of 5,162,766 shares of a nominal DKK 1 in DSV A/S corresponding to 2.72% of the total number of issued shares of 190,000,000.
The last announcement dated 29 March 2012 stated that DSV A/S held 2.70% 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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