Company Announcement No. 560

On 11 August 2014, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 557 of 30 July 2014. According  to the
programme DSV A/S will in the period from 11 August to 27 October 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 buy-back programme every 7th trading
day. 


Trading day                    Number of shares  Average transaction      Amount
                                    bought back                price         DKK
Accumulated for trading                 321,379               174.50  56,080,682
 days 1-7                                                                       
8: 20 August 2014                        50,000               176.86   8,843,080
9: 21 August 2014                        28,417               177.18   5,034,898
10: 22 August 2014                       42,287               176.42   7,460,099
11: 25 August 2014                       44,542               176.91   7,879,747
12: 26 August 2014                       60,000               176.67  10,599,882
13: 27 August 2014                       38,029               176.82   6,724,413
14: 28 August 2014                       80,000               174.35  13,948,344
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Accumulated for trading                 664,654               175.39  116,571,14
 days 1-14                                                                     6
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As at today, DSV A/S holds a total of 4,767,815 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.69% 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