Company Announcement No. 545
On 6 May 2014, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 542 of 30 April 2014. According to the programme DSV A/S will in the period from 6 May to 29 July 2014 purchase own shares up to a maximum value of DKK 400,000,000 and no more than 4,000,000 shares, corresponding to 2.26% 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 1-7 | 155,000 | 177.55 | 27,519,800 |
| 8: 15 May 2014 | 20,000 | 177.16 | 3,543,200 |
| 9: 19 May 2014 | 60,000 | 174.70 | 10,482,000 |
| 10: 20 May 2014 | 50,000 | 174.80 | 8,740,000 |
| 11: 21 May 2014 | 50,000 | 175.85 | 8,792,500 |
| 12: 22 May 2014 | 40,000 | 177.46 | 7,098,400 |
| 13: 23 May 2014 | 50,000 | 177.77 | 8,888,500 |
| 14: 26 May 2014 | 29,341 | 179.25 | 5,259,374 |
| Accumulated for trading days 1-14 | 454,341 | 176.79 | 80,323,774 |
As at today, DSV A/S holds a total of 2,569,536 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 1.45% 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