DSV

Transaction in Own Shares • Feb 26, 2018

SHARE BUYBACK IN DSV A/S Company Announcement No. 683

On 30 October 2017, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 664 of 26 October 2017. According to the programme, DSV A/S will in the period from 30 October 2017 to 23 March 2018 purchase own shares up to a maximum value of DKK 1,250,000,000 and no more than 5,000,000 shares, corresponding to 2.63% 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 1-77	2,307,966	485.54	1,120,619,867
78: 19 February 2018	15,000	482.99	7,244,783
79: 20 February 2018	2,000	480,85	961.708
80: 21 February 2018	4,000	478.24	1,912,950
81: 22 February 2018	4,000	475.48	1,901,939
82: 23 February 2018	4,000	478.48	1,913,928
Accumulated for trading days 1-82	2,336,966	485.48	1,134,555,175

As at today. DSV A/S holds a total of 6,820,130 shares of a nominal value of DKK 1 in DSV A/S. corresponding to 3.59% of the total number of issued shares of 190,000,000.

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

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

Yours sincerely. DSV A/S