Company Announcement No. 662

On 7 August 2017, DSV A/S initiated the previously announced share buyback
programme, cf. Company Announcement No. 649 of 2 August 2017. According to the
programme, DSV A/S will in the period from 7 August to 13 October 2017 purchase
own shares up to a maximum value of DKK 1,000,000,000 and no more than
4,000,000 shares, corresponding to 2.11% of the current share capital of DSV
A/S. The programme has been implemented in accordance with Regulation No.
596/2014 of the European Parliament and Council and the Delegated Regulation
No. 2016/1052 of the EU Commission, also referred to as the Safe Harbour rules. 



Trading day                   Number of shares  Average transaction  Amount  DKK
                                   bought back                Price             
Accumulated for trading              1,944,378               453.99  882,721,785
 days 1-45                                                                      
46: 9 October 2017                      42,000               461.14   19,367,997
47: 10 October 2017                     56,158               465.24   26,126,993
48: 11 October 2017                     46,137               469.44   21,658,567
49: 12 October 2017                     55,705               469.94   26,178,253
50: 13 October 2017                     51,038               469.19   23,946,351
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Accumulated for trading              2,195,416               455.49  999,999,946
 days 1-50                                                                      
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The share buyback programme announced has now been concluded.

As at today, DSV A/S holds a total of 4,897,664 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.58% of the total number of issued shares
of 190,000,000. 

The details of each transaction made under the share repurchase programme are
published on investor.dsv.com. 

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



Yours sincerely,

DSV A/S