DSV

Transaction in Own Shares • Mar 29, 2012

Company Announcement No. 444

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 720,764 128.02 92,273,42
day 1-21 3
22: 21 March 2012 30,829 129.39 3,988,804
23: 22 March 2012 104,500 126.20 13,188,31
8
24: 23 March 2012 32,500 127.00 4,127,435
25: 26 March 2012 15,000 128.84 1,932,525
26: 27 March 2012 35,000 128.87 4,510,275
27: 28 March 2012 27,500 128.36 3,529,790
28: 29 March 2012 124,054 126.31 15,669,50
9

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Accumulated for trading 1,090,147 127.71 139,220,0
day 1-28 79

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DSV’s accumulated share buy-backs in the period from 21 February 2012 to 29
March 2012 thus total 1,090,147 numbers of shares at a total purchase sum of
DKK 139.2 million.

As of today, DSV A/S now holds a total of 5,123,097 shares of a nominal DKK 1
in DSV A/S corresponding to 2.70% of the total number of issued shares of
190,000,000.

The last announcement dated 20 March 2012 stated that DSV A/S held 2.52% 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