DSV

Transaction in Own Shares • Apr 12, 2012

Company Announcement No. 446

On 21 February 2012, DSV initiated the published share buy-back programme, cf.
company announcement no. 435 of 21 February 2012. According to the programme
DSV will in the period to 23 April 2012 purchase own shares up to a maximum
value of DKK 200,000,000 and no more than 2,000,000 shares, corresponding to
1.05% of the present share capital of DSV A/S. The program is implemented in
accordance with the “Safe Harbour” provisions of EU regulation no. 2273/2003 of
22 December 2003. DSV will therefore publish the accumulated buy-backs under
the programme every 7th trading day.

Trading day Number of shares Average transaction Amount
bought back price DKK
Accumulated for trading 1,090,147 127.71 139,220,0
day 1-28 79
29: 30 March 2012 42,500 126.58 5,379,438
30: 2 April 2012 29,358 127.54 3,744,290
31: 3 April 2012 15,000 129.38 1,940,730
32: 4 April 2012 81,311 126.56 10,290,72
0
33: 10 April 2012 40,000 123.79 4,951,760
34: 11 April 2012 75,000 121.97 9,147,375
35: 12 April 2012 15,000 124.43 1,866,375

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Accumulated for trading 1,388,316 127.16 176,540,7
day 1-35 66

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DSV’s accumulated share buy-backs in the period from 21 February 2012 to 12
April 2012 thus total 1,388,316 numbers of shares at a total purchase sum of
DKK176.5 million.

As of today, DSV A/S now holds a total of 5,162,766 shares of a nominal DKK 1
in DSV A/S corresponding to 2.72% of the total number of issued shares of
190,000,000.

The last announcement dated 29 March 2012 stated that DSV A/S held 2.70% 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