Company Announcement No. 668

On 30 October 2017, DSV A/S initiated a share buyback programme, as described
in Company Announcement No. 664 of 26 October 2017. According to the programme,
DSV A/S will in the period from 30 October 2017 to 23 March 2018 purchase own
shares up to a maximum value of DKK 1,250,000,000 and no more than 5,000,000
shares, corresponding to 2.63% 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 of 16 April 2014 (MAR) and the Commission
Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour
rules. 



Trading day                Number of shares bought          Average   Amount DKK
                                              back      transaction             
                                                              price             
                                                                                
Accumulated for trading                    417,567           493.09  205,896,030
 days 1-15                                                                      
16: 20 November 2017                        15,243           478.03    7,286,646
17: 21 November 2017                        15,000           480.06    7,200,887
18: 22 November 2017                        65,000           480.08   31,205,408
19: 23 November 2017                        26,000           481.33   12,514,564
20: 24 November 2017                        15,000           483.44    7,251,563
--------------------------------------------------------------------------------
Accumulated for trading                    553,810           489.98  271,355,098
 days 1-20                                                                      
--------------------------------------------------------------------------------



As at today, DSV A/S holds a total of 5,338,474 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 2.81% of the total number of issued shares
of 190,000,000. 

The details of each transaction made under the share buyback 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