DSV

Transaction in Own Shares • Aug 8, 2012

Company Announcement No. 464

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
bought back price DKK
1: 31 July 2012 26,500 128.14 3,395,763
2: 1 August 2012 41,500 128.21 5,320,757
3: 2 August 2012 110,769 127.12 14,080,51
2
4: 3 August 2012 26,500 129.14 3,422,210
5: 6 August 2012 28,000 131.13 3,671,584
6: 7 August 2012 26,500 131.85 3,494,052
7: 8 August 2012 26,500 130.72 3,464.133

---

Accumulated for trading 286,269 128.72 36,849,01
days 1-7 0

---

DSV's accumulated share buy-backs in the period from 31 July 2012 to 8 August
2012 thus total 286,269 shares at a total purchase sum of DKK 36.8 million.

As at today, DSV A/S holds a total of 6,156,047 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 3.27% of the total number of issued shares
of 188,000,000.

The latest announcement dated 31 July 2012 stated that DSV A/S held 3.28% 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