DSV

Transaction in Own Shares • May 28, 2018

28 May 2018

SHARE BUYBACK IN DSV A/S Company Announcement No. 696

On 1 May 2018, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 691 of 1 May 2018. According to the programme, DSV A/S will in the period from 1 May 2018 to 27 July 2018 purchase own shares up to a maximum value of DKK 1,100,000,000 and no more than 4,000,000 shares, corresponding to 2.13% of the current share capital of DSV A/S. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules.

	Number of shares	Average transaction
Trading day	bought back	price	Amount DKK
Accumulated for trading days 1-12	415,000	509.35	211,379,620
13: 22 May 2018	29,000	529.17	15,345,930
14: 23 May 2018	30,000	529.47	15,884,100
15: 24 May 2018	28,000	530.58	14,856,240
16: 25 May 2018	25,000	535.22	13,380,500
Accumulated for trading days 1-16	527,000	513.94	270,846,390

As at today, DSV A/S holds a total of 4,363,377 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 2.32% of the total number of issued shares of 188,000,000.

The details of each transaction made under the share buyback programme are published on investor.dsv.com.

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

Yours sincerely, DSV A/S