Company Announcement No. 465 Pursuant to the Danish Securities Trading Act notice is hereby given of the following transactions: Name Jens H. Lund ---------------------------------------------------------------- Reason CFO ---------------------------------------------------------------- Issuer DSV A/S ---------------------------------------------------------------- ISIN DK0060079531 ---------------------------------------------------------------- Nature of transaction Exercise of share options granted in 2008 ---------------------------------------------------------------- Trade date 7 August 2012 ---------------------------------------------------------------- Number of shares 60,000 ---------------------------------------------------------------- Market price (DKK) 6,195,000 ---------------------------------------------------------------- Name Jens H. Lund ------------------------------------ Reason CFO ------------------------------------ Issuer DSV A/S ------------------------------------ ISIN DK0060079531 ------------------------------------ Nature of transaction Shares – Sale ------------------------------------ Trade date 8 August 2012 ------------------------------------ Number of shares 60,000 ------------------------------------ Market price (DKK) 7,835,400 ------------------------------------ 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