On 31 July 2012, DSV initiated the previously announced share buy-back programme, cf. company announcement No. 463 of 31 July 2012. According to the programme DSV will in the period from 31 July to 16 October 2012 purchase own shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000 shares, corresponding to 1.60% 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 Average transaction Amount DKK bought back price Accumulated for trading 1,763,684 130.18 229,597,310 day 1-42 43: 27 September 2012 97,401 129.39 12,603,124 44: 28 September 2012 50,000 130.52 6,526,100 45: 1 October 2012 41,254 130.84 5,397,810 46: 2 October 2012 50,231 131.16 6,588,208 47: 3 October 2012 57,500 129.79 7,463,092 48: 4 October 2012 44,059 128.63 5,667,177 49: 5 October 2012 39,746 128.98 5,126,280 -------------------------------------------------------------------------------- Accumulated for trading 2,143,875 130.12 278,969,100 days 1-49 -------------------------------------------------------------------------------- DSV's accumulated share buy-backs in the period from 31 July 2012 to 5 October 2012 thus total 2,143,875 shares at a total purchase sum of DKK 279.0 million. As at today, DSV A/S holds a total of 7,713,653 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 4.10% of the total number of issued shares of 188,000,000. The latest announcement dated 26 September 2012 stated that DSV A/S held 3.90% of the Company's share capital. Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Manager, tel. +45 43 20 30 40. Yours sincerely, DSV Flemming Ole Nielsen Investor Relations Manager