DSV

Director's Dealing • May 22, 2015

Company Announcement No. 598

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 2012

Trade date 22 May 2015

Number of shares 100,000

Exercise price (DKK) 12,800,000

Name Jens Bjørn Andersen

Relation CEO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 22 May 2015

Number of shares 100,000

Market value (DKK) 23,264,200

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Exercise of share options granted in year 2012

Trade date 22 May 2015

Number of shares 70,000

Exercise price (DKK) 8,960,000

Name Jens H. Lund

Relation CFO

Issuer DSV A/S

ISIN DK0060079531

Nature of transaction Shares – Sale

Trade date 22 May 2015

Number of shares 70,000

Market value (DKK) 16,284,940

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

Yours sincerely,

DSV A/S