DSV

Transaction in Own Shares • Aug 28, 2014

Company Announcement No. 560

On 11 August 2014, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 557 of 30 July 2014. According to the
programme DSV A/S will in the period from 11 August to 27 October 2014 purchase
own shares up to a maximum value of DKK 400,000,000 and no more than 4,000,000
shares, corresponding to 2.26% 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 Amount
bought back price DKK
Accumulated for trading 321,379 174.50 56,080,682
days 1-7
8: 20 August 2014 50,000 176.86 8,843,080
9: 21 August 2014 28,417 177.18 5,034,898
10: 22 August 2014 42,287 176.42 7,460,099
11: 25 August 2014 44,542 176.91 7,879,747
12: 26 August 2014 60,000 176.67 10,599,882
13: 27 August 2014 38,029 176.82 6,724,413
14: 28 August 2014 80,000 174.35 13,948,344

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Accumulated for trading 664,654 175.39 116,571,14
days 1-14 6

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As at today, DSV A/S holds a total of 4,767,815 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.69% 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