On 18 February 2014 DSV A/S initiated the previously announced share buyback programme, cf. company announcement No. 526 of 6 February 2014. According to the programme DSV A/S will in the period from 18 February to 29 April 2014 purchase own shares up to a maximum value of DKK 200,000,000 and no more than 2,000,000 shares, corresponding to 1.11% of the share capital of DSV A/S at that time. The programme was implemented in accordance with the 'Safe Harbour' provisions of EU Regulation No. 2273/2003 of 22 December 2003.
| Trading day | Number of shares bought back | Average transaction price | Amount DKK |
| Accumulated for trading days 1-42 | 1,092,192 | 169.12 | 184,709,233 |
| 43: 22 April 2014 | 13,500 | 177.07 | 2,390,500 |
| 44: 23 April 2014 | 14,500 | 177.72 | 2,576,997 |
| 45: 24 April 2014 | 15,000 | 178.61 | 2,679,155 |
| 46: 25 April 2014 | 15,000 | 175.10 | 2,626,536 |
| 47: 28 April 2014 | 12,850 | 175.24 | 2,251,772 |
| 48: 29 April 2014 | 15,702 | 176.13 | 2,765,634 |
| Accumulated for trading days 1-48 | 1,178,744 | 169.67 | 199,999,827 |
The share buyback programme announced has now been concluded and the shares bought back will be used partly to hedge the Group's incentive scheme. At DSV's general meeting it will be proposed that shares not used for hedging of the incentive scheme will be cancelled.
As at today, DSV A/S holds a total of 2,510,300 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 1.42% of the current total number of issued shares of 177,000,000.
Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 33 92.
Yours sincerely,
DSV A/S