Company Announcement No. 517


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              1,280,143         150.94        193,226,016
 days 1-42                                                                      
43: 26 September 2013                   27,500         159.60          4,389,039
44: 27 September 2013                   27,897         160.45          4,476,076
45: 30 September 2013                   20,720         157.76          3,268,858
46: 1 October 2013                      29,306         157.25          4,608,427
47: 2 October 2013                      29,010         156.41          4,537,448
48: 3 October 2013                      25,000         155.65          3,891,313
49: 4 October 2013                      20,000         154.57          3,091,364
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Accumulated for trading              1,459,576         151.75        221,488,540
 days 1-49                                                                      
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DSV A/S' accumulated share buy-backs in the period from 30 July 2013 to 4
October 2013 amounted to 1,459,576 shares at a total purchase sum of DKK 221.5
million. 

As at today, DSV A/S holds a total of 4,558,017 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.53% 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