DSV

Transaction in Own Shares • Jun 21, 2012

Company Announcement No. 456

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 1,821,137 120.08 218,674,1
day 1-28 73
29: 13 June 2012 57,572 109.81 6,322,119
30: 14 June 2012 36,362 108.81 3,956,655
31: 15 June 2012 20,000 110.93 2,218,666
32: 18 June 2012 35,000 111.61 3,906,499
33: 19 June 2012 28,000 112.65 3,154,077
34: 20 June 2012 50,000 115.32 5,765,980
35: 21 June 2012 60,000 114.98 6,898,512

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Accumulated for trading 2,108,071 119.02 250,896,6
days 1-35 81

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DSV's accumulated share buy-backs in the period from 27 April 2012 to 21 June
2012 thus total 2,108,071 number of shares at a total purchase sum of DKK 250.9
million.

As at today, DSV A/S holds a total of 4,999,237 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.66% of the total number of issued shares
of 188,000,000.

The latest announcement dated 12 June 2012 stated that DSV A/S held 2.51% 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