DFDS RAISES OUTLOOK FOR 2016 AFTER STRONG Q2

We are pleased to deliver strong numbers again in Q2. We continued to benefit from the moderate growth in most parts of Europe and ongoing improvement and efficiency projects. Brexit has so far not materially impacted volumes while the depreciation of the British pound gives some headwind on results.

7% revenue growth, adjusted

7% revenue growth, adjusted

33% growth of freight shipping volumes

33% growth of freight shipping volumes

EBITDA up by 39% to DKK 443m

EBITDA up by 39% to DKK 443m

ROIC before special items up to 16.4%

ROIC before special items up to 16.4%

DFDS people

DFDS Outlook 2016

The full-year outlook for 2016 has been raised following Q2 earnings above expectations and continued positive market trends. The Group’s EBITDA before special items is now expected to increase to a range of DKK 2,450-2,600m compared to DKK 2,300-2,500m previously (2015: DKK 2,041m). Full-year EBITDA currency impact is expected to be around DKK –75m.

The Group’s revenue is despite some headwind on currencies still expected to increase by around 6%, excluding revenue from bunker surcharges.

DFDS plans to add new ships to the fleet

Success is always accompanied by new challenges. DFDS has been very successful in making the sea transport offering attractive to their customers.

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