DSV

Capital/Financing Update • Mar 10, 2014

10 March 2014

DSV A/S CONTEMPLATES ISSUE OF SENIOR UNSECURED NOTES Company Announcement No. 530

Disclaimer

The information contained herein is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Japan or Australia or any other jurisdiction in which such release, publication or distribution would be unlawful.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in DSV A/S in the United States, Canada, Japan or Australia or any other jurisdiction.

DSV A/S has decided to investigate the market for the issue and offer of senior unsecured notes due 2022 in Danish kroner (the "Notes"). The proceeds of the potential issue and offer will be used for general corporate purposes.

DSV A/S has mandated Danske Bank A/S, Nordea Bank Danmark A/S and Nykredit Bank A/S to investigate the market and interest for a potential issuance of senior unsecured notes.

Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 30 40.

Yours sincerely, DSV A/S

DSV A/S, Banemarksvej 58, 2605 Brøndby, tel. +45 43203040, fax +45 43203041, CVR No. 58233528, www.dsv.com

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