July 3, 2015

Company Announcement No. 602

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 1-35 1,530,500 229.22 350,814,416
36: 25 June 2015 35,000 224.05 7,841,824
37: 26 June 2015 33,000 222.39 7,338,814
38: 29 June 2015 35,000 219.01 7,665,511
39: 30 June 2015 50,000 217.44 10,872,060
40: 1 July 2015 30,000 220.63 6,618,981
41: 2 July 2015 30,000 220.71 6,621,204
42: 3 July 2015 25,000 219.04 5,476,040
Accumulated for trading days 1-42 1,768,500 228.02 403,248,850

As at today, DSV A/S holds a total of 6,705,699 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.83% 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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