DSV

Transaction in Own Shares • Jun 10, 2011

Company Announcement No. 395

On 29 April 2011, DSV initiated the published share buy-back programme, cf.
company announcement no. 388 of 29 April 2011. According to the programme DSV
will in the period to 21 July 2011 purchase own shares up to a maximum value of
DKK 700,000,000 and no more than 7,000,000 shares, corresponding to 3.43% 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 DKK
bought back price
Accumulated for trading 1,767,150 129.06 228,067,919
day 1-21
22: 31 May 2011 148,000 129.81 19,211,880
23: 1 June 2011 100,406 129.81 13,034,064
24: 6 June 2011 132,726 129.91 17,242,302
25: 7 June 2011 119,079 129.60 15,432,269
26: 8 June 2011 140,005 127.54 17,855,818
27: 9 June 2011 107,061 124.64 13,344,276
28: 10 June 2011 145,714 125.17 18,239,021

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Accumulated for trading 2,660,141 128.73 342,427,549
1-28

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DSV's accumulated share buy-backs in the period from 29 April 2011 to 10 June
2011 thus total 2,660,141 numbers of shares at a total purchase sum of 342.4
DKK million.

As of today, DSV A/S now holds a total of 5,847,530 shares of a nominal DKK 1
in DSV A/S corresponding to 2.87% of the total number of issued shares of
204,000,000.

The last announcement dated 30 May 2011 stated that DSV A/S held 2.44% of the
company's share capital.

Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.

Yours sincerely,

DSV

Jens Bjørn Andersen Jens H. Lund
CEO CFO