DSV 
By Company Announcement No.489
Pursuant to the Danish Securities Trading Act notice is hereby given of the following transactions:
| Name | Kurt K. Larsen |
| Reason | Chairman of the Board of Directors |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Exercise of share options granted in 2009 |
| Trade date | 15 March 2013 |
| Number of shares | 45,000 |
| Market price (DKK) | 1,849,500 |
| Name | Vibeke Larsen |
| Reason | Related party to Kurt K. Larsen |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares - Sale |
| Trade date | 15 March 2013 |
| Number of shares | 75,000 |
| Market price (DKK) | 10,821,000 |
| Name | Kurt K. Larsen |
| Reason | Chairman of the Board of Directors |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares - Sale |
| Trade date | 18 March 2013 |
| Number of shares | 45,000 |
| Market price (DKK) | 6,469,200 |
Any questions regarding this announcement should be addressed to Flemming Ole Nielsen, Investor Relations Director, on tel. +45 43 20 30 40.
Yours sincerely,
DSV
Flemming Ole Nielsen
Investor Relations Director
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