Company Announcement No. 561


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  DKK
                                   bought back                price             
Accumulated for trading                664,654               175.39  116,571,146
 days 1-14                                                                      
15: 29 August 2014                      70,247               173.87   12,213,628
16: 1 September 2014                    65,000               172.70   11,225,533
17: 2 September 2014                    55,000               172.94    9,511,574
18: 3 September 2014                    46,088               174.63    8,048,135
19: 4 September 2014                    35,796               174.49    6,246,187
20: 5 September 2014                    50,000               174.36    8,717,785
21: 8 September 2014                    50,000               173.34    8,666,890
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Accumulated for trading              1,036,785               174.77  181,200,878
 days 1-21                                                                      
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As at today, DSV A/S holds a total of 5,137,446 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.90% 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