DSV

Director's Dealing • Mar 18, 2013

Company Announcement No. 489

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

Name Kurt K. Larsen

Reason Chairman of the Board of Directors

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Exercise of share options granted in 2009

Trade date 15 March 2013

Number of shares 45,000

Market price (DKK) 1,849,500

Name Vibeke Larsen

Reason Related party to Kurt K. Larsen

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares - Sale

Trade date 15 March 2013

Number of shares 75,000

Market price (DKK) 10,821,000

Name Kurt K. Larsen

Reason Chairman of the Board of Directors

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares - Sale

Trade date 18 March 2013

Number of shares 45,000

Market price (DKK) 6,469,200

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

Flemming Ole Nielsen
Investor Relations Director