Company Announcement No. 572 On 6 November 2014, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 569 of 29 October 2014. According to the programme DSV A/S will in the period from 6 November 2014 to 29 January 2015 purchase own shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000 shares, corresponding to 1.69% 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 260,000 180.17 46,843,180 days 1-7 8: 17 November 2014 35,000 178.48 6,246,800 9: 18 November 2014 35,000 182.35 6,382,250 10: 19 November 2014 33,000 182.09 6,008,970 11: 20 November 2014 35,000 182.41 6,384,350 12: 21 November 2014 32,000 185.38 5,932,160 13. 24 November 2014 35,000 185.97 6,508,950 14: 25 November 2014 30,000 187.14 5,614,200 -------------------------------------------------------------------------------- Accumulated for trading 495,000 181.66 89,920,860 days 1-14 -------------------------------------------------------------------------------- As at today, DSV A/S holds a total of 6,772,097 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.83% 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