DSV

Transaction in Own Shares • Oct 15, 2013

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 Average transaction Amount DKK
bought back price
Accumulated for trading 1,459,576 151.75 221,488,540
days 1-49
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

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Accumulated for trading 1,680,286 152.23 255,782.922
days 1-56

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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