Company Announcement No. 673

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          Average   Amount DKK
                                       bought back      transaction             
                                                              price             
?? Accumulated for trading               1,111,899           487.50  542,047,870
 days 1-40                                                                      
41: 27 December 2017                         7,500           485,34    3,640,063
42: 28 December 2017                        20,000           485,97    9,719,492
43: 29 December 2017                         7,500           488.05    3,660,366
--------------------------------------------------------------------------------
Accumulated for trading                  1,146,899           487.46  559,067,791
 days 1-43                                                                      
--------------------------------------------------------------------------------

As at today, DSV A/S holds a total of 5,917,063 shares of a nominal value of
DKK 1 in DSV A/S, corresponding to 3,11% 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