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DSV

Major Shareholding Notification Nov 23, 2015

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Company Announcement No. 623

Pursuant to section 29 of the Danish Securities Trading Act it is hereby
announced that DSV A/S has reduced the holding of shares in DSV A/S to
8,618,747 shares, corresponding to 4.48% of the entire share capital and voting
rights of DSV A/S.

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

Yours sincerely,

DSV A/S

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