Company Announcement No. 516

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  DKK
                                   bought back                price             
Accumulated for trading              1,071,416         149.09        159,736,959
 days 1-35                                                                      
36: 17 September 2013                   22,203         159.41          3,539,303
37: 18 September 2013                   24,024         160.75          3,861,760
38: 19 September 2013                   37,457         161.59          6,052,763
39: 20 September 2013                   44,605         161.85          7,219,466
40: 23 September 2013                   20,000         161.19          3,223,740
41: 24 September 2013                   32,761         159.26          5,217,415
42: 25 September 2013                   27,677         158.06          4,374,610
--------------------------------------------------------------------------------
Accumulated for trading              1,280,143         150.94        193,226,016
 days 1-42                                                                      
--------------------------------------------------------------------------------

DSV A/S' accumulated share buy-backs in the period from 30 July 2013 to 25
September 2013 amounted to 1,280,143 shares at a total purchase sum of DKK
193.2 million. 


As at today, DSV A/S holds a total of 4,392,584 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.44% 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