Stock Exchange Announcement No.  391


Pursuant to the Securities Trading Act notice is hereby given that the
following transaction has been carried out: 



Name                   Erik B. Pedersen               
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Reason                 Member of the Supervisory Board
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Issuer                 DSV A/S                        
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ID Code                DK0060079531                   
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Nature of transaction  Shares - Sale                  
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Trade date             10 May 2011                    
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Number                                          80,000
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Market price (DKK)                          10,484,000
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Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.



Yours sincerely,

DSV

Jens Bjørn Andersen            Jens H. Lund
CEO                                      CFO