DSV — Director's Dealing 2010

Nov 2, 2010

STATEMENT OF INSIDER'S TRADING IN DSV SHARES
Stock Exchange Announcement No. 362

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

Name Kurt K. Larsen
Reason Chairman of the Supervisory Board
Issuer DSV A/S
ID Code DK0060079531
Nature of transaction Exercise of share options granted in year 2006
Trade date 2 November 2010
Number 80,000
Market price (DKK) 6,560,000

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