Company Announcement No. 474
On 31 July 2012, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 463 of 31 July 2012. According to the programme DSV A/S has in the period from 31 July to 16 October 2012 purchased own shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000 shares, corresponding to maximum 1.60% of the current share capital of DSV A/S. 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 1-49 | 2,143,875 | 130.12 | 278,969,100 |
| 50: 8 October 2012 | 40,000 | 128.31 | 5,132,340 |
| 51: 9 October 2012 | 27,500 | 127.13 | 3,496,001 |
| 52: 10 October 2012 | 25,498 | 126.52 | 3,226,007 |
| 53: 11 October 2012 | 17,848 | 126.65 | 2,260,485 |
| 54: 12 October 2012 | 20,000 | 126.35 | 2,526,900 |
| 55: 15 October 2012 | 8,674 | 125.36 | 1,087,355 |
| 56: 16 October 2012 | 26,379 | 125.16 | 3,301,588 |
| Accumulated for trading days 1-56 | 2,309,774 | 129.88 | 299,999,776 |
DSV's accumulated share buy-backs in the period from 31 July 2012 to 16 October 2012 thus total 2,309,774 shares at a total purchase sum of DKK 300 million. The share buy-back programme announced has now been concluded and the shares bought back will be used partly to hedge the Group's incentive programme. At DSV's general meeting it will be proposed that shares not used for hedging of the incentive programme will be cancelled.
As at today, DSV A/S holds a total of 7,877,552 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 4.19% of the total number of issued shares of 188,000,000.
The latest announcement dated 5 October 2012 stated that DSV A/S held 4.10% 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