DSV

Transaction in Own Shares • Sep 13, 2018

DSV, 711 - SHARE BUYBACK IN DSV A/S

DSV, 711 - SHARE BUYBACK IN DSV A/S

Company Announcement No. 711

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.

Trading day	Number of shares bought back	Average transaction price	Amount DKK
Accumulated for trading days 1-25	758,000	585.66	443,929,697
26:  6 September 2018	26,000	599.59	15,589,340
27:  7 September 2018	27,000	599.86	16,196,220
28: 10 September 2018	27,000	598.47	16,158,690
29: 11 September 2018	30,000	602.88	18,086,400
30: 12 September 2018	26,000	606.85	15,778,100
Accumulated for trading days 1-30	894,000	588.07	525,738,447

As at today, DSV A/S holds a total of 6,500,877 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.46% 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

Attachment

• 711 - Announcement (13.09.2018) - Share buyback