DFDS — Earnings Release 2018

Mar 5, 2018

RESTRUCTURE OF ITALIAN LOGISTICS ACTIVITIES

DFDS' Italian logistics activities are to be restructured following unsatisfactory results.

A large part of the activities are door-door rail solutions between Italy and Sweden/Denmark/UK. These activities will be offered by other operators or cease latest 1 April 2018.

The warehousing and distribution activities based in Fagnano, north of Milan, will likewise cease as per 1 April 2018

The door-door rail solutions provided between Italy and Benelux/Ireland/Norway will continue and be managed from offices in Oslo and Rotterdam. Likewise, DFDS Lilla Edet (formerly Italcargo) will continue to provide road services between Sweden and Italy.

The restructure is expected to reduce the revenue of the Italian logistics activities in 2018 by around DKK 225m compared to 2017. 34 employees in Italy, Sweden, UK and Denmark are affected and consultations will commence with them today.

The restructure is expected to entail a small earnings improvement in 2018 excluding one-off costs of around DKK 15m which are recognised under Special Items in the income statement.

DFDS Group outlook 2018

The revenue growth outlook for 2018 is unchanged at around 2% adjusted for the restructuring of the Italian logistics activities. The EBITDA outlook is likewise unchanged.

The outlook for Special Items is changed to DKK -45m from previously DKK -20m. The increase is due to the Italian restructuring and redundancy costs related to the recently conducted restructuring of corporate functions.

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

www.dfds.com

Company announcement no. 19/2018

5 March 2018

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Contact 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

Gert Jakobsen, Communications +45 33 42 32 97

About DFDS

DFDS provides shipping and transport services in Europe, generating annual revenues of EUR 1.9bn.

To over 8,000 freight customers, we deliver high performance and superior reliability through shipping & port terminal services, and transport & logistics solutions.

For five million passengers, we provide safe overnight and short sea ferry services.

Our 7,000 employees are located on ships and in offices across 20 countries. DFDS was founded in 1866, is headquartered in Copenhagen, and listed on Nasdaq Copenhagen.

DISCLAIMER

The statements about the future in this announcement contain risks and uncertainties and actual developments may therefore diverge significantly from statements about the future.