Company Announcement No. 550


On 6 May 2014, DSV A/S initiated the previously announced share buyback
programme, cf. company announcement No. 542 of 30 April 2014. According  to the
programme DSV A/S will in the period from 6 May to 29 July 2014 purchase own
shares up to a maximum value of DKK 400,000,000 and no more than 4,000,000
shares, corresponding to 2.26% 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 buyback programme every 7th trading
day. 

Trading day                   Number of shares  Average transaction  Amount  DKK
                                   bought back                price             
Accumulated for trading              1,119,341               178.79  200,122,594
 days 1-28                                                                      
29: 20 June 2014                        50,000               178.18    8,909,000
30: 23 June 2014                        50,000               178.62    8,931,000
31: 24 June 2014                        55,000               177.09    9,739,950
32: 25 June 2014                        55,000               175.81    9,669,550
33: 26 June 2014                        76,443               174.71   13,355,357
34: 27 June 2014                        42,618               176.49    7,521,651
35: 30 June 2014                        40,000               177.98    7,119,200
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Accumulated for trading              1,488,402               178.29  265,368,302
 days 1-35                                                                      
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As at today, DSV A/S holds a total of 3,452,548 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 1.95% of the total number of issued shares
of 177,000,000. 


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


Yours sincerely,
DSV A/S