Stock Exchange Announcement No. 392 Pursuant to the Securities Trading Act notice is hereby given that the following transaction has been carried out: Name Annette Sadolin ------------------------------------------------------ Reason Member of the Supervisory Board ------------------------------------------------------ Issuer DSV A/S ------------------------------------------------------ ID Code DK0060079531 ------------------------------------------------------ Nature of transaction Shares - Purchase ------------------------------------------------------ Trade date 12 May 2011 ------------------------------------------------------ Number 3,885 ------------------------------------------------------ Market price (DKK) 500,000 ------------------------------------------------------ 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