DFDS — Earnings Release 2011

Jun 22, 2011

Copenhagen, 2011-06-22 15:12 CEST (GLOBE NEWSWIRE) -- Company announcement no.
17/2011

-- Sale of redundant port terminal following integration of DFDS and
Norfolkline operations on the North Sea
-- Gain on sale of approximately DKK 45m
-- DFDS Group's expected pre-tax profit for 2011 increased to approximately
DKK 595m from previously DKK 550m

Following the acquisition of Norfolkline in July 2010 integration of operations
on the North Sea was initiated. At the beginning of 2011 DFDS‘ freight route
(ro-ro) between Rotterdam and Immingham was transferred from DFDS' port
terminal in Maasvlakte, Rotterdam, to Norfolkline's port terminal in
Vlaardingen, Rotterdam. A number of operational synergies have been achieved by
consolidating calls at Vlaardingen.

“The consolidation of port terminals on the North Sea, in both Holland and
England, was an important part of our integration plan and this has now been
accomplished with synergies on track. In addition to these operational
synergies, we are very pleased to be able to reduce our invested capital and
create further value from the Norfolkline acquisition by the sale of the
Maasvlakte port terminal,” says Niels Smedegaard CEO of DFDS.

Sale agreement
DFDS and Rhenus Logistics have today completed an agreement concerning the sale
of DFDS Seaways Maasvlakte B.V., the company that owns and operates the port
terminal concession, for a debt free consideration of EUR 24.5m (DKK 182m).
DFDS will realize an accounting gain in Q2 2011 of approximately DKK 45m from
the sale, which will be recognized under Special items.

DFDS entered the concession agreement for operating the Maasvlakte port
terminal in 2002 and following terminal development operations commenced in
2003. The terminal covers an area of 200,000m2 including three warehouses.

Rhenus Logistics is a leading European logistics service provider, including
one business area focused on port terminal operations (Port Logistics).

Profit expectation increased
The DFDS Group's pre-tax profit expectation for 2011 is increased by the gain
on the sale of the port terminal. The full-year pre-tax profit expectation is
thus increased to approximately DKK 595m from previously DKK 550m.

     Contact persons
     Niels Smedegaard, CEO
     +45 33 42 34 00

     Torben Carlsen, CFO
     +45 33 42 32 01

     Søren Brøndholt Nielsen, IR
     +45 33 42 33 59