DSV

Transaction in Own Shares • Mar 9, 2012

Company Announcement No. 439

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 292,500 126.19 36,909,18
day 1-7 7
8: 1 March 2012 26,250 129.59 3,401,738
9: 2 March 2012 20,421 130.19 2,658,630
10: 5 March 2012 37,100 129.11 4,789,870
11: 6 March 2012 89,022 126.98 11,303,55
1
12: 7 March 2012 52,352 126.58 6,626,611
13: 8 March 2012 20,000 129.11 2,582,200
14: 9 March 2012 17,000 130.58 2,219,843

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Accumulated for trading 554,645 127.09 70,491,63
day 1-14 0

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DSV’s accumulated share buy-backs in the period from 21 February 2012 to 9
March 2012 thus total 554,645 numbers of shares at a total purchase sum of DKK
70.5 million.

As of today, DSV A/S now holds a total of 4,930,795 shares of a nominal DKK 1
in DSV A/S corresponding to 2.60% of the total number of issued shares of
190,000,000.

The last announcement dated 29 February 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