DSV

Transaction in Own Shares • Jan 15, 2018

15 January 2018

SHARE BUYBACK IN DSV A/S Company Announcement No. 675

On 30 October 2017, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 664 of 26 October 2017. According to the programme, DSV A/S will in the period from 30 October 2017 to 23 March 2018 purchase own shares up to a maximum value of DKK 1,250,000,000 and no more than 5,000,000 shares, corresponding to 2.63% 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 1-47	1,187,975	487.56	579,206,601
48: 8 January 2018	5,500	498.73	2,743,016
49: 9 January 2018	15,000	508.28	7,624,165
50: 10 January 2018	13,991	508.25	7,110,922
51: 11 January 2018	15,000	504.97	7,574,619
52: 12 January 2018	145,000	500.72	72,603,907
Accumulated for trading days 1-52	1,382,466	489.61	676,863,230

As at today, DSV A/S holds a total of 6,110,630 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.22% of the total number of issued shares of 190,000,000.

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

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

Yours sincerely, DSV A/S

DSV A/S, Hovedgaden 630, 2640 Hedehusene, Denmark, tel. +45 43 20 30 40, CVR No. 58233528, www.dsv.com. Global Transport and Logistics

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