DSV

Transaction in Own Shares • Oct 15, 2013

15 October 2013

SHARE BUY-BACK IN DSV A/S

Company Announcement No. 518

On 30 July 2013, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 508 of 30 July 2013. According to the programme DSV A/S will in the period from 30 July to 24 October 2013 purchase own shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000 shares, corresponding to 1.67% 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 bought back	Average transaction price	Amount DKK
Accumulated for trading days 1-49	1,459,576	151.75	221,488,540
50: 7 October 2013	16,430	154.09	2,531,755
51: 8 October 2013	40,342	154.08	6,215,686
52: 9 October 2013	29,819	153.18	4,567,710
53: 10 October 2013	32,178	155.62	5,007,386
54: 11 October 2013	28,260	156.18	4,413,520
55: 14 October 2013	35,119	156.44	5,494,066
56: 15 October 2013	38,562	157.26	6,064,260
Accumulated for trading days 1-56	1,680,286	152.23	255,782.922

DSV A/S' accumulated share buy-backs in the period from 30 July 2013 to 15 October 2013 amounted to 1,680,286 shares at a total purchase sum of DKK 255.8 million.

As at today, DSV A/S holds a total of 4,772,227 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 2.65% 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

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

Global Transport and Logistics

DSV is a global supplier of transport and logistics solutions.

DSV has offices in more than 70 countries all over the world and an international network of partners and agents, which makes DSV a truly global player offering services worldwide. By our professional and advantageous overall solutions, the approx. 22,000 DSV employees recorded worldwide annual revenue of 6 billion euro for 2012. www.dsv.com