DSV 
By Company Announcement No. 543
Pursuant to the Danish Securities Trading Act notice is hereby given of the following transactions:
| Name | Erik B. Pedersen |
| Relation | Member of the Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares - Sale |
| Trade date | 8 May 2014 |
| Number of shares | 40,000 |
| Market value (DKK) | 7,120,000 |
Any questions regarding this announcement should 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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