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DSV Director's Dealing 2013

Aug 1, 2013

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Company Announcement No. 510

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

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 30 July 2013

Number of shares 10,000

Market price (DKK) 1,504,700

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Transfer to related party

Trade date 30 July 2013

Number of shares 30,000

Market price (DKK) 4,514,100

Name Pernille Lund

Relation Related party to Jens H. Lund

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Transfer from related party

Trade date 30 July 2013

Number of shares 30,000

Market price (DKK) 4,514,100

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Exercise of share options granted in year 2010

Trade date 30 July 2013

Number of shares 70,000

Market price (DKK) 6,895,000

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 31 July 2013

Number of shares 49,916

Market price (DKK) 7,331,662

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 1 August 2013

Number of shares 20,084

Market price (DKK) 2,961,787

Any questions regarding this announcement should be addressed to Flemming Ole
Nielsen, Investor Relations Director, on tel. +45 43 20 30 40.

Yours sincerely,
DSV A/S