DFDS — Remuneration Information 2011

Jun 9, 2011

Copenhagen, 2011-06-09 16:42 CEST (GLOBE NEWSWIRE) -- Company Announcement no.
16/2011

-- DFDS introduces a stock option programme for key employees

To strengthen DFDS' profit development and value creation for the company's
shareholders the Board of Directors has decided to introduce a stock option
programme for a number of key employees.

The option programme is part of DFDS' ongoing actions to promote a company
culture that creates and rewards results.

Content of option programme

On this basis, the Board of Directors today awarded a total of 32,405 stock
options to a number of key employees entitling to acquisition of up to 32,405
shares in DFDS. The management board has not been awarded any additional stock
options.

The stock options vest with 1/36 per month from and including March 2011 and
may be exercised in the period from March 2014 until March 2016. The stock
options will lapse in the event of the employee's termination of the
employment. The exercise price is based on the average quoted share price in
the twenty trading days prior to the award, to which 5% has been added, giving
an exercise price of DKK 465 per share of DKK 100 nominal value. The options
are hedged against the company's own shareholding. The theoretical value of the
share options is DKK 3.2m, calculated according to the Black & Scholes model,
which presumes an average duration of 3.7 years, volatility of 35.7%, dividend
of DKK 12 per share and an interest rate of 2.42%.

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