June 3, 2015

Company Announcement No. 599


On 30 April 2015, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 594 of 30 April 2015. According to the programme DSV A/S will in the period from 30 April to 23 July 2015 purchase own shares up to a maximum value of DKK 500,000,000 and no more than 3,000,000 shares, corresponding to 1.71% 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 1-14 465,000 229.35 106,648,396
15: 26 May 2015 40,000 233.14 9,325,432
16: 27 May 2015 33,000 233.84 7,716,869
17: 28 May 2015 40,000 235.19 9,407,444
18: 29 May 2015 40,000 236.53 9,461,232
19: 1 June 2015 40,000 235.52 9,420,772
20: 2 June 2015 40,000 235.28 9,411,220
21: 3 June 2015 40,500 236.52 9,579,113
Accumulated for trading days 1-21 738,500 231.51 170,970,477


As at today, DSV A/S holds a total of 5,693,199 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.25% 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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