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DSV Director's Dealing 2011

Aug 23, 2011

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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