DSV — Director's Dealing 2014

May 27, 2014

Company Announcement No. 546

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

Name Jens Bjørn Andersen

Relation CEO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Exercise of share options granted in year 2011

Trade date 26 May 2014

Number of shares 100,000

Exercise price (DKK) 12,990,000

Name Jens Bjørn Andersen

Relation CEO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 27 May 2014

Number of shares 100,000

Market value (DKK) 18,026,755

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Exercise of share options granted in year 2011

Trade date 26 May 2014

Number of shares 70,000

Exercise price (DKK) 9,093,000

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 26 May 2014

Number of shares 47,902

Market value (DKK) 8,584,038

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 27 May 2014

Number of shares 22,098

Market value (DKK) 3,983,552

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