September 10, 2015

On 13 August 2015, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 607 of 4 August 2015. According to the programme DSV A/S will in the period from 13 August to 20 October 2015 purchase own shares up to a maximum value of DKK 600,000,000 and no more than 4,000,000 shares, corresponding to 2.29% 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 bought back Average transaction price Amount DKK
Accumulated for trading days 1-14 852,000 243.20 207,210,424
15: 2 September 2015 34,620 235.10 8,139,148
16: 3 September 2015 50,000 240.62 12,030,795
17: 4 September 2015 60,000 237.68 14,260,944
18: 7 September 2015 58,000 237.39 13,768,840
19: 8 September 2015 45,000 240.29 10,813,072
20: 9 September 2015 - - -
21: 10 September 2015 19,690 241.50 4,755,086
Accumulated for trading days 1-21 1,119,310 242.09 270,978,310


As at today, DSV A/S holds a total of 8,099,551 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 4.63% 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






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