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DSV Director's Dealing 2010

Nov 2, 2010

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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

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