Company Announcement No. 612


On 13 August 2015, DSV A/S initiated the previously announced share buy-back
programme, cf. company announcement No. 607 of 4 August 2015. According to the
programme DSV A/S will in the period from 13 August to 20 October 2015 purchase
own shares up to a maximum value of DKK 600,000,000 and no more than 4,000,000
shares, corresponding to 2.29% 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              1,432,387               241.77  346,302,848
 days 1-28                                                                      
29: 22 September 2015                   28,000               245.82    6,882,994
30: 23 September 2015                   35,000               245.43    8,590,106
31: 24 September 2015                   65,000               241.84   15,719,386
32: 25 September 2015                   45,000               245.46   11,045,813
33: 28 September 2015                   45,000               245.25   11,036,300
34: 29 September 2015                   32,000               242.36    7,755,546
35: 30 September 2015                   45,000               248.52   11,183,427
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Accumulated for trading              1,727,387               242.28  418,516,417
 days 1-35                                                                      
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As at today, DSV A/S holds a total of 8,697,628 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 4.97% of the total number of issued shares
of 175,000,000. 

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



Yours sincerely,

DSV A/S