Company Announcement No. 425
On 26 October 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 417 of 26 October 2011. According to the programme DSV will in the period to 23 January 2012 purchase own shares up to a maximum value of DKK 400,000,000 and no more than 5,000,000 shares, corresponding to 2.45% of the share capital of DSV A/S at the day of announcement. 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 1-35 | 2,145,714 | 105.18 | 225,688,204 |
| 36: 14 December 2011 | 150,000 | 98.61 | 14,791,500 |
| 37: 15 December 2011 | 100,000 | 97.56 | 9,756,100 |
| 38: 16 December 2011 | 20,000 | 99.55 | 1,990,940 |
| 39: 19 December 2011 | 65,000 | 100.25 | 6,515,990 |
| 40: 20 December 2011 | 31,070 | 101.21 | 3,144,439 |
| 41: 21 December 2011 | 60,000 | 102.74 | 6,164,580 |
| 42: 22 December 2011 | 56,767 | 101.50 | 5,761,737 |
| Accumulated for trading 1-42 | 2,628,551 | 104.17 | 273,813,490 |
DSV’s accumulated share buy-backs in the period from 26 October 2011 to 22 December 2011 thus total 2,628,551 numbers of shares at a total purchase sum of DKK 273.8 million.
As of today, DSV A/S now holds a total of 4,120,216 shares with a face value of DKK 1 in DSV A/S corresponding to 2.17% of the total number of issued shares of 190,000,000.
The last announcement dated 13 December 2011 stated that DSV A/S held 1.91% of the company’s share capital.
Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.
Yours sincerely,
DSV
Jens Bjørn Andersen Jens H. Lund
CEO CFO