DSV

Transaction in Own Shares • Jul 11, 2012

Company Announcement No. 458

On 27 April 2012, DSV initiated the previously announced share buy-back
programme, cf. company announcement No. 450 of 27 April 2012. According to the
programme DSV will in the period from 27 April to 30 July 2012 purchase own
shares up to a maximum value of DKK 400,000,000 and no more than 4,000,000
shares, corresponding to 2.13% 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 2,450,684 118.05 289,304,9
day 1-42 37
43: 3 July 2012 30,500 117.91 3,596,313
44: 4 July 2012 12,096 119.18 1,441,554
45: 5 July 2012 28,900 118.91 3,436,513
46: 6 July 2012 45,000 117.49 5,286,960
47: 9 July 2012 55,000 117.16 6,443,613
48: 10 July 2012 45,261 118.52 5,364,519
49: 11 July 2012 50,000 117.51 5,875,680

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Accumulated for trading 2,717,441 118.03 320,750,0
day 1-49 90

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DSV's accumulated share buy-backs in the period from 27 April 2012 to 11 July
2012 thus total 2,717,441 number of shares at a total purchase sum of DKK 320.8
million.

As at today, DSV A/S holds a total of 5,597,107 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.98% of the total number of issued shares
of 188,000,000.

The latest announcement dated 2 July 2012 stated that DSV A/S held 2.84% 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