DSV

Transaction in Own Shares • Oct 4, 2013

Company Announcement No. 517

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 1,280,143 150.94 193,226,016
days 1-42
43: 26 September 2013 27,500 159.60 4,389,039
44: 27 September 2013 27,897 160.45 4,476,076
45: 30 September 2013 20,720 157.76 3,268,858
46: 1 October 2013 29,306 157.25 4,608,427
47: 2 October 2013 29,010 156.41 4,537,448
48: 3 October 2013 25,000 155.65 3,891,313
49: 4 October 2013 20,000 154.57 3,091,364

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Accumulated for trading 1,459,576 151.75 221,488,540
days 1-49

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DSV A/S' accumulated share buy-backs in the period from 30 July 2013 to 4
October 2013 amounted to 1,459,576 shares at a total purchase sum of DKK 221.5
million.

As at today, DSV A/S holds a total of 4,558,017 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.53% 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