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DSV Director's Dealing 2014

May 28, 2014

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Company Announcement No. 547

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

Name Annette Sadolin

Relation Member of the Board

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares - Purchase

Trade date 28 May 2014

Number of shares 2,750

Market value (DKK) 501,212

Any questions regarding this announcement should be addressed to Flemming Ole
Nielsen, Director, Investor Relations, on tel. +45 43 20 33 92.

Yours sincerely,
DSV A/S