DSV

Director's Dealing • May 12, 2011

12 May 2011

STATEMENT OF INSIDER'S TRADING IN DSV SHARES

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

DSV A/S, Banemarksvej 58, 2605 Brøndby, telefon 43203040, telefax 43203041, CVR nr. 58233528, www.dsv.com. Global Transport and Logistics

DSV is a global supplier of transport and logistics services.

DSV has offices in more than 60 countries all over the world and an international network of partners and agents, which makes DSV a truly global player offering services worldwide. By our professional and advantageous overall solutions, the approx. 21,000 DSV employees recorded a worldwide annual revenue of 5.7 billion euro for 2010.