DSV

Director's Dealing • Aug 9, 2012

Company Announcement No. 465

Pursuant to the Danish Securities Trading Act notice is hereby given of the
following transactions:

Name Jens H. Lund

Reason CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Exercise of share options granted in 2008

Trade date 7 August 2012

Number of shares 60,000

Market price (DKK) 6,195,000

Name Jens H. Lund

Reason CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 8 August 2012

Number of shares 60,000

Market price (DKK) 7,835,400

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