Company Announcement No. 512



On 30 July 2013, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 508 of 30 July 2013. According to the
programme DSV A/S will in the period from 30 July to 24 October 2013 purchase
own shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000
shares, corresponding to 1.67% 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
                                    bought back                price         DKK
Accumulated for trading                 257,013         147.59        37,932,122
 days 1-7                                                                       
8:  8 August 2013                        29,233         147.92         4,324,028
9:  9 August 2013                        26,461         147.78         3,910,264
10: 12 August 2013                       20,025         147.49         2,953,569
11: 13 August 2013                       19,060         148.26         2,825,775
12: 14 August 2013                       20,000         149.48         2,989,636
13: 15 August 2013                       55,183         147.61         8,145,717
14: 16 August 2013                       55,136         147.73         8,145,363
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Accumulated for trading                 482,111         147.74        71,226,474
 days 1-14                                                                      
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DSV A/S' accumulated share buy-backs in the period from 30 July 2013 to 16
August 2013 amounted to 482,111 shares at a total purchase sum of DKK 71.2
million. 

As at today, DSV A/S holds a total of 3,722,120 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.07% of the total number of issued shares
of 180,000,000. 

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



Yours sincerely,
DSV A/S