DSV — Director's Dealing 2011

Aug 23, 2011

STATEMENT OF INSIDER'S TRADING IN DSV SHARES

Stock Exchange AnnouncementNo. 407

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

Name Kaj Christiansen

Reason Member of the Supervisory Board

Issuer DSV A/S

ID Code DK0060079531

Nature of transaction Shares - Sale

Trade date 23 August 2011

Number 1,000

Market price (DKK) 101,200

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