DSV

Transaction in Own Shares • Jun 12, 2012

Company Announcement No. 455

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 1,476,637 121,62 179,592,7
day 1-21 08
22: 1 June 2012 52,500 113.89 5,979,404
23: 4 June 2012 70,000 111.32 7,792,533
24: 6 June 2012 48,000 113.27 5,437,022
25: 7 June 2012 50,000 114.83 5,741,470
26: 8 June 2012 32,000 114.05 3,649,709
27: 11 June 2012 52,000 114.97 5,978,284
28: 12 June 2012 40,000 112.58 4,503,044

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Accumulated for trading 1,821,137 120.08 218,674,1
days 1-28 73

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DSV's accumulated share buy-backs in the period from 27 April 2012 to 12 June
2012 thus total 1,821,137 number of shares at a total purchase sum of DKK 218.7
million.

As at today, DSV A/S holds a total of 4,718,303 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.51% of the total number of issued shares
of 188,000,000.

The latest announcement dated 31 May 2012 stated that DSV A/S held 2.33% 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