Company Announcement No. 574
On 6 November 2014, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 569 of 29 October 2014. According to the programme DSV A/S will in the period from 6 November 2014 to 29 January 2015 purchase own shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000 shares, corresponding to 1.69% of the current share capital of DSV A/S. The programme has been implemented in accordance with the 'Safe Harbour' provisions of EU Regulation No. 2273/2003 of 22 December 2003. DSV will therefore publish the accumulated purchases under the share buy-back programme every 7th trading day.
| Trading day | Number of shares bought back | Average transaction price | Amount DKK |
| Accumulated for trading days 1-14 |
495,000 | 181.66 | 89,920,860 |
| 15: 26 November 2014 | 33,000 | 185.47 | 6,120,510 |
| 16: 27 November 2014 | 30,000 | 186.26 | 5,587,800 |
| 17: 28 November 2014 | 27,000 | 188.19 | 5,081,130 |
| 18: 1 December 2014 | 30,000 | 188.61 | 5,658,300 |
| 19: 2 December 2014 | 30,000 | 190.36 | 5,710,800 |
| 20. 3 December 2014 | 25,000 | 189.05 | 4,726,250 |
| 21: 4 December 2014 | 15,000 | 185.96 | 2,789,400 |
| Accumulated for trading days 1-21 | 685,000 | 183.35 | 125,595,050 |
As at today, DSV A/S holds a total of 6,882,097 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.89% of the total number of issued shares of 177,000,000.
Any questions may be addressed to Flemming Ole Nielsen, Director, Investor Relations, on tel. +45 43 20 33 92.
Yours sincerely,
DSV A/S