DSV

Transaction in Own Shares • Sep 20, 2018

20 September 2018

SHARE BUYBACK IN DSV A/S Company Announcement No. 713

On 1 August 2018, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 705 of 1 August 2018. According to the programme, DSV A/S will in the period from 2 August 2018 to 24 October 2018 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
Accumulated for trading days 1-30	894,000	588.07	525,738,447
31: 13 September 2018	30,000	600.36	18,010,800
32: 14 September 2018	38,000	592.68	22,521,840
33: 15 September 2018	42,000	592.43	24,882,060
34: 18 September 2018	40,000	592.20	23,688,000
35: 19 September 2018	40,000	589.88	23,595,200
Accumulated for trading days 1-35	1,084,000	588.96	638,436,347

As at today, DSV A/S holds a total of 6,688,377 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.56% 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