Company Announcement No. 518

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              1,459,576         151.75        221,488,540
 days 1-49                                                                      
50: 7 October 2013                      16,430         154.09          2,531,755
51: 8 October 2013                      40,342         154.08          6,215,686
52: 9 October 2013                      29,819         153.18          4,567,710
53: 10 October 2013                     32,178         155.62          5,007,386
54: 11 October 2013                     28,260         156.18          4,413,520
55: 14 October 2013                     35,119         156.44          5,494,066
56: 15 October 2013                     38,562         157.26          6,064,260
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Accumulated for trading              1,680,286         152.23        255,782.922
 days 1-56                                                                      
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DSV A/S' accumulated share buy-backs in the period from 30 July 2013 to 15
October 2013 amounted to 1,680,286 shares at a total purchase sum of DKK 255.8
million. 

As at today, DSV A/S holds a total of 4,772,227 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.65% 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