DSV

Director's Dealing • May 12, 2011

Stock Exchange Announcement No. 392

Pursuant to the Securities Trading Act notice is hereby given that the
following transaction has been carried out:

Name Annette Sadolin

Reason Member of the Supervisory Board

Issuer DSV A/S

ID Code DK0060079531

Nature of transaction Shares - Purchase

Trade date 12 May 2011

Number 3,885

Market price (DKK) 500,000

Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.

Yours sincerely,

DSV

Jens Bjørn Andersen Jens H. Lund
CEO CFO