DSV

Transaction in Own Shares • Mar 7, 2014

Company Announcement No. 529

On 18 February 2014, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 526 of 6 February 2014. According to
the programme DSV A/S will in the period from 18 February to 29 April 2014
purchase own shares up to a maximum value of DKK 200,000,000 and no more than
2,000,000 shares, corresponding to 1.11% 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 206,293 169.82 35,031,609
days 1-7
8: 27 February 2014 39,531 170.29 6,731,849
9: 28 February 2014 15,838 172.35 2,729,724
10: 3 March 2014 52,437 169.56 8,891,181
11: 4 March 2014 22,000 172.04 3,784,893
12: 5 March 2014 21,980 172.51 3,791,834
13: 6 March 2014 17,190 172.48 2,964,967
14: 7 March 2014 15,710 171.99 2,701,938

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Accumulated for trading 390,979 170.41 66,627,994
days 1-14

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DSV A/S' accumulated share buy-backs in the period from 18 February 2014 to 7
March 2014 amount to 390,979 shares at a total purchase sum of DKK 66.6
million.

As at today, DSV A/S holds a total of 5,154,304 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.86% of the total number of issued shares
of 180,000,000.

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

Yours sincerely,
DSV A/S