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DSV Director's Dealing 2012

Aug 16, 2012

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Company Announcement No. 466

Pursuant to the Danish Securities Trading Act notice is hereby given of the
following transactions:

Name Jens Bjørn Andersen

Reason CEO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Exercise of share options granted in 2008

Trade date 15 August 2012

Number of shares 75,000

Market price (DKK) 7,743,750

Name Jens Bjørn Andersen

Reason CEO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 16 August 2012

Number of shares 75,000

Market price (DKK) 9,943,500

Any questions may be addressed to Flemming Ole Nielsen, Investor Relations
Manager, tel. +45 43 20 30 40.

Yours sincerely,
DSV

Flemming Ole Nielsen
Investor Relations Manager