Company Announcement No. 537
On 18 February 2014, DSV A/S initiated the previously announced share buy-back 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 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 1-28 | 901,741 | 168.30 | 151,758,787 |
| 29: 28 March 2014 | 12,000 | 172.13 | 2,065,520 |
| 30: 31 March 2014 | 15,000 | 174.30 | 2,614,488 |
| 31: 1 April 2014 | 12,000 | 174.39 | 2,092,650 |
| 32: 2 April 2014 | 13,000 | 174.24 | 2,265,095 |
| 33: 3 April 2014 | 15,000 | 173.65 | 2,604,783 |
| 34: 4 April 2014 | 13,500 | 175.50 | 2,369,208 |
| 35: 7 April 2014 | 13,500 | 175.47 | 2,368,802 |
| Accumulated for trading days 1-35 | 995,741 | 168.86 | 168,139,333 |
As at today, DSV A/S holds a total of 5,458,566 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.03% of the total number of issued shares of 180,000,000. Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 30 40.
Yours sincerely,
DSV A/S
