DFDS — Earnings Release 2010

Mar 17, 2011

STRONG 2010 FOR DFDS

• DFDS achieved an operating profit (EBITDA) of DKK 1.3bn in 2010 (+58%)
• Payment of dividend to be resumed (DKK 8 per DKK 100 share)
• Integration of Norfolkline is progressing faster and better than expected
• In 2011 operating profit is expected to increase further to DKK 1.5bn

"With turnover reaching almost 10 billion kroner and an operating profit of 1.3 billion kroner we have come through 2010 very well," says Niels Smedegaard, President and CEO of the DFDS Group, northern Europe's largest combined shipping and logistics company.

"The integration of Norfolkline is progressing faster and better than expected. The results for 2010 and expectations for 2011 show that the acquisition clearly created value. At the end of this year we expect that the synergies will reach about 180 million kroner on an annual basis. We have also created value for our shareholders by selling or closing loss-making routes," Niels Smedegaard says.

Operating profit (EBITDA) was DKK 1,273m before special items, an increase of DKK 469m from 2009. The increase reflects the improvement in market conditions, the acquisition of Norfolkline from July 2010 and the extensive work done over the last couple of years to adapt operations and make them more effective. Profit before tax but after special items was DKK 547m, compared to DKK 20m in 2009.

For 2011 operating profit (EBITDA) before special items is expected to increase further to around DKK 1.5bn and profit before tax and special items is expected to increase to around DKK 550m (DKK 445m). Expectations are based on an assumption of generally rising demand in northern Europe. On the freight market growth is expected to be highest in the Baltic Sea area and lower in the North Sea. On the passenger market growth is expected to be moderate and likewise with higher growth in the Baltic Sea area than in other market areas.

DKK m	2010		2009 Change	04 2010	Q4. 2009	Change
Revenue	9.867	6.555	3.312	2.946	1.657	1.289
Operating profit (EBITDA) before S.I.	1.273	804	469	284	176	108
Profit before tax and S.I.	445	90	355	57	-39	96
Special items ("S.I.")	י לחו	$-71$	173	186	-18	204
Profit before tax	547	2U	527	243	-57	3በበ

The DFDS group's annual report for 2010 has been published and can be found on the website www.dfdsgroup.com.

DFDS A/S, Sundkrogsgade 11 DK-2100 Copenhagen Ø CVR 14 19 47 11

Company announcement no. 7/2011

17.03.2011

Page 1/1

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

DFDS profile

DFDS is Northern Europe's largest integrated shipping and logistics company.

DFDS Seaways operates a network of 30 routes with 60 freight and passenger ships, while DFDS Logistics provides freight solutions in Europe with trailers, containers, and rail.

DFDS has 5,000 employees in 20 countries, and revenue reaches DKK 12bn in 2011. The Company was founded in 1866, is headquartered in Copenhagen, and is listed on NASDAQ OMX Copenhagen.

Disclaimer

The statements about the future in this announcement contain an element of risk and uncertaintu. both in general and specific terms, and this means that actual developments may diverge considerably from the statements about the future.