DSV

Transaction in Own Shares • Mar 30, 2015

Company Announcement No. 589

On 19 February 2015, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 582 of 6 February 2015. According to
the programme DSV A/S will in the period from 19 February to 22 April 2015
purchase own shares up to a maximum value of DKK 200,000,000 and no more than
1,500,000 shares, corresponding to 0.85% of the current share capital of DSV
A/S. The programme has been implemented in accordance with the 'Safe Harbour'
provisions of EU Regulation No. 2273/2003 of 22 December 2003. DSV will
therefore publish the accumulated purchases under the share buy-back programme
every 7th trading day.

Trading day Number of shares Average transaction price Amount DKK
bought back
Accumulated for trading 390,411 215.57 84,162,569
days 1-21
22: 20 March 2015 20,000 217.62 4,352,326
23: 23 March 2015 15,000 216.53 3,247,950
24: 24 March 2015 13,584 217.08 2,948,796
25: 25 March 2015 11,000 216.35 2,379,801
26: 26 March 2015 89,000 212.49 18,911,619
27: 27 March 2015 50,000 213.72 10,686,105
28: 30 March 2015 12,000 215.56 2,586,727

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Accumulated for trading 600,995 215.10 129,275,893
days 1-21

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As at today, DSV A/S holds a total of 7,841,792 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 4.43% of the total number of issued shares
of 177,000,000.

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

Yours sincerely,

DSV A/S