DFDS — Remuneration Information 2012

Mar 5, 2012

Copenhagen, 2012-03-05 16:17 CET (GLOBE NEWSWIRE) -- Company announcement no.
07/2012

DFDS’ share option programme is part of DFDS’ ongoing aspiration to promote a
company culture that creates and rewards results.

Award of share options to Executive Board
In accordance with DFDS’ guidelines for the remuneration of the Board of
Directors and the Executive Board as adopted by the Annual General Meeting on
13 April 2011, CEO Niels Smedegaard was today awarded 47,048 share options and
CFO Torben Carlsen was awarded 23,524 share options.

The share options vest with 1/36 per month from and including March 2012 and
may be exercised in the period from March 2015 until March 2017. The exercise
price is based on the average quoted share price in the 20 trading days prior
to the award, to which 5% has been added, giving an exercise price of DKK
346.00 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
3.0m, calculated according to the Black & Scholes model based on assumptions of
an average duration of 4.0 years, a volatility of 28.0%, a dividend of DKK 12
per share, and an interest rate of 0.74%.

Content of option programme
In addition, a total of 76,076 share options have been awarded to a number of
key employees entitling to acquisition of up to 76,076 shares in DFDS.

The share options vest with 1/36 per month from and including March 2012 and
may be exercised in the period from March 2015 until March 2017. The exercise
price is based on the average quoted share price in the 20 trading days prior
to the award, to which 5% has been added, giving an exercise price of DKK
346.00 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 based on assumptions of
an average duration of 4.0 years, a volatility of 28.0%, a dividend of DKK 12
per share, and an interest rate of 0.74%.