Company Announcement No. 588

On 19 February 2015, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 582 of 6 February 2015. According  to
the programme DSV A/S will in the period from 19 February to 22 April 2015
purchase own shares up to a maximum value of DKK 200,000,000 and no more than
1,500,000 shares, corresponding to 0.85% 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                 256,411               214.35  54,960,422
 days 1-14                                                                      
15: 11 March 2015                        14,000               219.08   3,067,100
16: 12 March 2015                        17,000               219.62   3,733,481
17: 13 March 2015                        19,000               217.67   4,135,650
18: 16 March 2015                        15,000               220.05   3,300,680
19: 17 March 2015                        35,000               217.01   7,595,375
20: 18 March 2015                        18,000               216.48   3,896,600
21: 19 March 2015                        16,000               217.08   3,473,261
--------------------------------------------------------------------------------
Accumulated for trading                 390,411               215.57  84,162,569
 days 1-21                                                                      



As at today, DSV A/S holds a total of 7,644,208 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 4.32% 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