DSV

Transaction in Own Shares • Oct 5, 2012

On 31 July 2012, DSV initiated the previously announced share buy-back
programme, cf. company announcement No. 463 of 31 July 2012. According to the
programme DSV will in the period from 31 July to 16 October 2012 purchase own
shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000
shares, corresponding to 1.60% 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 1,763,684 130.18 229,597,310
day 1-42
43: 27 September 2012 97,401 129.39 12,603,124
44: 28 September 2012 50,000 130.52 6,526,100
45: 1 October 2012 41,254 130.84 5,397,810
46: 2 October 2012 50,231 131.16 6,588,208
47: 3 October 2012 57,500 129.79 7,463,092
48: 4 October 2012 44,059 128.63 5,667,177
49: 5 October 2012 39,746 128.98 5,126,280

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Accumulated for trading 2,143,875 130.12 278,969,100
days 1-49

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DSV's accumulated share buy-backs in the period from 31 July 2012 to 5 October
2012 thus total 2,143,875 shares at a total purchase sum of DKK 279.0 million.

As at today, DSV A/S holds a total of 7,713,653 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 4.10% of the total number of issued shares
of 188,000,000.

The latest announcement dated 26 September 2012 stated that DSV A/S held 3.90%
of the Company's share capital.

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

Yours sincerely,
DSV

Flemming Ole Nielsen
Investor Relations Manager