On 18 February 2014 DSV A/S initiated the previously announced share buyback
programme, cf. company announcement No. 526 of 6 February 2014. According  to
the programme DSV A/S will in the period from 18 February  to 29 April 2014
purchase own shares up to a maximum value of DKK 200,000,000 and no more than
2,000,000 shares, corresponding to 1.11% of the share capital of DSV A/S at
that time. The programme was implemented in accordance with the 'Safe Harbour'
provisions of EU Regulation No. 2273/2003 of 22 December 2003. 

Trading day                   Number of shares  Average transaction  Amount  DKK
                                   bought back                price             
Accumulated for trading              1,092,192               169.12  184,709,233
 days 1-42                                                                      
43: 22 April 2014                       13,500               177.07    2,390,500
44: 23 April 2014                       14,500               177.72    2,576,997
45: 24 April 2014                       15,000               178.61    2,679,155
46: 25 April 2014                       15,000               175.10    2,626,536
47: 28 April 2014                       12,850               175.24    2,251,772
48: 29 April 2014                       15,702               176.13    2,765,634
--------------------------------------------------------------------------------
Accumulated for trading              1,178,744               169.67  199,999,827
 days 1-48                                                                      

The share buyback programme announced has now been concluded and the shares
bought back will be used partly to hedge the Group's incentive scheme. At DSV's
general meeting it will be proposed that shares not used for hedging of the
incentive scheme will be cancelled. 

As at today, DSV A/S holds a total of 2,510,300 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 1.42% of the current total number of issued
shares of 177,000,000. 

Any questions may be addressed to Flemming Ole Nielsen, Investor Relations
Director, tel. +45 43 20 33 92. 



Yours sincerely,
DSV A/S