STATEMENT OF INSIDER'S TRADING IN DSV SHARES

Stock Exchange AnnouncementNo.  407


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



Name                   Kaj Christiansen               
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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             23 August 2011                 
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Number                 1,000                          
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Market price (DKK)     101,200                        
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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