DSV

Transaction in Own Shares • May 22, 2013

Company Announcement No. 497

On 30 April 2013, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 494 of 30 April 2013. According to the
programme DSV A/S will in the period from 30 April to 2 July 2013 purchase own
shares up to a maximum value of DKK 400,000,000 and no more than 4,000,000
shares, corresponding to 2.22% 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 451,044 138.10 62,287,727
days 1-7
8: 13 May 2013 56,337 140.02 7,888,312
9: 14 May 2013 61,949 140.07 8,677,134
10: 15 May 2013 57,801 141.33 8,168,773
11: 16 May 2013 77,896 140.52 10,945,712
12: 17 May 2013 85,000 139.30 11,840,551
13: 21 May 2013 44,355 139.62 6,192,610
14: 22 May 2013 24,239 140.39 3,402,901

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Accumulated for trading 858,621 139.07 119,403,721
days 1-14

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DSV A/S' accumulated share buy-backs in the period from 30 April 2013 to 22 May
2013 thus total 858,621 shares at a total purchase sum of DKK 119.4 million.

As at today, DSV A/S holds a total of 1,716,732 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 0.95% of the total number of issued shares
of 180,000,000.

The latest announcement dated 8 May 2013 stated that DSV A/S held 0.78% of the
Company's share capital.

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

Yours sincerely,

DSV A/S