DSV

Transaction in Own Shares • Aug 16, 2013

Company Announcement No. 512

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
bought back price DKK
Accumulated for trading 257,013 147.59 37,932,122
days 1-7
8: 8 August 2013 29,233 147.92 4,324,028
9: 9 August 2013 26,461 147.78 3,910,264
10: 12 August 2013 20,025 147.49 2,953,569
11: 13 August 2013 19,060 148.26 2,825,775
12: 14 August 2013 20,000 149.48 2,989,636
13: 15 August 2013 55,183 147.61 8,145,717
14: 16 August 2013 55,136 147.73 8,145,363

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Accumulated for trading 482,111 147.74 71,226,474
days 1-14

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DSV A/S' accumulated share buy-backs in the period from 30 July 2013 to 16
August 2013 amounted to 482,111 shares at a total purchase sum of DKK 71.2
million.

As at today, DSV A/S holds a total of 3,722,120 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.07% 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