DFDS — Remuneration Information 2014

Feb 18, 2014

Copenhagen, 2014-02-18 17:03 CET (GLOBE NEWSWIRE) -- Announcement no. 5

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 the 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
29 March 2012, CEO Niels Smedegaard was today awarded 35,373 share options and
CFO Torben Carlsen was awarded 26,530 share options.

The share options vest with 1/36 per month from and including February 2014 and
may be exercised in the period from February 2017 until March 2019. 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 443.00 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 3.5m, calculated according to the Black & Scholes model based on
assumptions of an average duration of 4.0 years, a volatility of 26.0%, a
dividend of DKK 14 per share, and an interest rate of 0.83%.

Award of share options to key employees
In addition, a total of 67,943 share options have been awarded to a number of
key employees entitling to acquisition of up to 67,943 shares in DFDS.

The share options vest with 1/36 per month from and including February 2014 and
may be exercised in the period from February 2017 until March 2019. 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 443.00 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 3.8m, calculated according to the Black & Scholes model based on
assumptions of an average duration of 4.0 years, a volatility of 26.0%, a
dividend of DKK 14 per share, and an interest rate of 0.83%.

     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