DSV

Transaction in Own Shares • Jun 15, 2015

Company Announcement No. 600

On 30 April 2015, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 594 of 30 April 2015. According to the
programme DSV A/S will in the period from 30 April to 23 July 2015 purchase own
shares up to a maximum value of DKK 500,000,000 and no more than 3,000,000
shares, corresponding to 1.71% of the current share capital of DSV A/S. The
programme has been implemented in accordance with the 'Safe Harbour' provisions
of EU Regulation No. 2273/2003 of 22 December 2003. DSV will therefore publish
the accumulated purchases under the share buy-back programme every 7th trading
day.

Trading day Number of shares Average transaction Amount DKK
bought back price
Accumulated for trading 743,500 231.54 172,146,880
days 1-21
22: 4 June 2015 90,000 232.22 20,899,935
23: 8 June 2015 110,500 229.36 25,344,821
24: 9 June 2015 106,000 227.55 24,119,961
25: 10 May 2015 35,000 228.64 8,002,484
26: 11 June 2015 30,000 230.88 6,926,295
27: 12 June 2015 60,000 228.27 13,695,936
28: 15 June 2015 75,000 224.50 16,837,343

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Accumulated for trading 1,250,000 230.38 287,973,655
days 1-28

As at today, DSV A/S holds a total of 6,191,199 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 3.54% of the total number of issued shares
of 175,000,000.

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

Yours sincerely,

DSV A/S