Company Announcement No. 638 Pursuant to the Danish Securities Trading Act notice is hereby given of the following transactions: Name Kurt Larsen -------------------------------------------- Relation Chairman of the Board -------------------------------------------- Issuer DSV A/S -------------------------------------------- ISIN DK0060079531 -------------------------------------------- Nature of transaction Shares - Purchase -------------------------------------------- Trade date 5 August 2016 -------------------------------------------- Number of shares 10,162 -------------------------------------------- Exercise price (DKK) 3,097,544 -------------------------------------------- Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 33 92. Yours sincerely, DSV A/S