Company Announcement No. 432

This is to announce, pursuant to section 29 of the Danish Securities Trading
Act that BlackRock Inc. on 7 February 2012 has informed DSV that BlackRock Inc.
has again reduced their holdings in DSV and that the holdings now represent
less than 5% of DSVīs share capital and votes. 

Any questions may be addressed to Investor Relations Manager Flemming Ole
Nielsen, tel. +45 43 20 30 40. 



Yours sincerely,

DSV



Flemming Ole Nielsen

Investor Relations Manager