Company Announcement No. 635 Pursuant to the Danish Securities Trading Act notice is hereby given of the following transactions: Name Jørgen Møller -------------------------------------------------------------------------------- Relation Member of the Board -------------------------------------------------------------------------------- Issuer DSV A/S -------------------------------------------------------------------------------- ISIN DK0060079531 -------------------------------------------------------------------------------- Nature of Exercise of share options granted in year 2013 in his capacity transaction as CEO for the Air & Sea division -------------------------------------------------------------------------------- Trade date 23 May 2016 -------------------------------------------------------------------------------- Number of 32,000 shares -------------------------------------------------------------------------------- Exercise price 4,544,000 (DKK) -------------------------------------------------------------------------------- Name Jørgen Møller ------------------------------------------ Relation Member of the Board ------------------------------------------ Issuer DSV A/S ------------------------------------------ ISIN DK0060079531 ------------------------------------------ Nature of transaction Shares – Sale ------------------------------------------ Trade date 24 May 2016 ------------------------------------------ Number of shares 32,000 ------------------------------------------ Market value (DKK) 9,702,720 ------------------------------------------ Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 33 92. Yours sincerely, DSV A/S