Company Announcement No. 498 On 30 April 2013, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 494 of 30 April 2013. According to the programme DSV A/S will in the period from 30 April to 2 July 2013 purchase own shares up to a maximum value of DKK 400,000,000 and no more than 4,000,000 shares, corresponding to 2.22% 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 858,621 139.07 119,403,721 days 1-14 15: 23 May 2013 130,525 138.88 18,127,795 16: 24 May 2013 124,115 138.52 17,192,273 17: 27 May 2013 62,500 138.69 8,668,269 18: 28 May 2013 27,673 140.61 3,891,045 19: 29 May 2013 135,627 138.47 18,780,271 20: 30 May 2013 67,981 138.75 9,432,357 21: 31 May 2013 50,669 138.22 7,003,373 -------------------------------------------------------------------------------- Accumulated for trading 1,457,711 138.92 202,499,104 days 1-21 -------------------------------------------------------------------------------- DSV A/S' accumulated share buy-backs in the period from 30 April 2013 to 31 May 2013 thus total 1,457,711 shares at a total purchase sum of DKK 202.5 million. As at today, DSV A/S holds a total of 2,257,822 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 1.25% of the total number of issued shares of 180,000,000. The latest announcement dated 22 May 2013 stated that DSV A/S held 0.95% of the Company's share capital. Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 30 40. Yours sincerely, DSV A/S