On 18 February 2014 DSV A/S initiated the previously announced share buyback programme, cf. company announcement No. 526 of 6 February 2014. According  to the programme DSV A/S will in the period from 18 February  to 29 April 2014 purchase own shares up to a maximum value of DKK 200,000,000 and no more than 2,000,000 shares, corresponding to 1.11% of the share capital of DSV A/S at that time. The programme was implemented in accordance with the 'Safe Harbour' provisions of EU Regulation No. 2273/2003 of 22 December 2003.  

Trading day      Number of shares bought back Average transaction price Amount  DKK
Accumulated for trading days 1-42 1,092,192 169.12 184,709,233
43: 22 April 2014 13,500 177.07 2,390,500
44: 23 April 2014 14,500 177.72 2,576,997
45: 24 April 2014 15,000 178.61 2,679,155
46: 25 April 2014 15,000 175.10 2,626,536
47: 28 April 2014 12,850 175.24 2,251,772
48: 29 April 2014 15,702 176.13 2,765,634
Accumulated for trading days 1-48 1,178,744 169.67 199,999,827

The share buyback programme announced has now been concluded and the shares bought back will be used partly to hedge the Group's incentive scheme. At DSV's general meeting it will be proposed that shares not used for hedging of the incentive scheme will be cancelled.

As at today, DSV A/S holds a total of 2,510,300 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 1.42% of the current total number of issued shares of 177,000,000.

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

Yours sincerely,
DSV A/S


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