DSV

Transaction in Own Shares • Nov 5, 2018

SHARE BUYBACK IN DSV A/S Company Announcement No. 722

On 26 August 2018, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 721 of 26 October 2018. According to the programme, DSV A/S will in the period from 26 October 2018 to 1 February 2019 purchase own shares up to a maximum value of DKK 1,200,000,000 and no more than 4,000,000 shares, corresponding to 2.13% of the current share capital of DSV A/S. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules.

	Number of shares	Average transaction
Trading day	bought back	price	Amount DKK
1: 26 October 2018	44,966	515.45	23,177,821
2: 29 October 2018	39,982	524.57	20,973,273
3: 30 October 2018	44,079	515.69	22,731,100
4: 31 October 2018	32,212	528.23	17,015,302
5: 1 November 2018	39,925	531.99	21,239,663
6: 2 November 2018	29,968	541.16	16,217,560
Accumulated for trading days 1-6	231,132	525.05	121,354,719

As at today, DSV A/S holds a total of 7,876,509 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 4.19% of the total number of issued shares of 188,000,000.

The details of each transaction made under the share buyback programme are published on investor.dsv.com.

Any questions may be addressed to Executive Vice President, Investor Relations, Flemming Ole Nielsen, tel. +45 43 20 33 92.

Yours sincerely, DSV A/S

Yours sincerely, DSV A/S