October 9, 2015

Company Announcement No. 615

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 1-35 1,727,387 242.28 418,516,417
36: 1 October 2015 51,000 251.50 12,826,520
37: 2 October 2015 54,000 250.22 13,511,831
38: 5 October 2015 52,000 252.55 13,132,517
39: 6 October 2015 51,000 257.33 13,123,657
40: 7 October 2015 50,000 256.90 12,844,790
41: 8 October 2015 39,900 251.55 10,036,893
42: 9 October 2015 80,000 267.19 21,375,472
Accumulated for trading days 1-42 2,105,287 244.80 515,368,098


As at today, DSV A/S holds a total of 9,060,028shares of a nominal value of DKK 1 in DSV A/S, corresponding to 5.18% 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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