(MENAFN Editorial) Company Announcement No. 669

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 back Average transaction
price

Amount DKK Accumulated for trading days 1-20 553,810 489.98 271,355,098 21:27November 2017 27,319 482.99 13,194,689 22:28November 2017 15,000 480.49 7,207,323 23:29 November 2017 45,000 479.13 21,560,639 24:30 November 2017 12,500 476.21 5,952,588 25:1December 2017 30,000 483.33 14,500,017 Accumulated for trading days 1-25 683,629 488.23 333,770,354

As at today, DSV A/S holds a total of5,468,293 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 2.88% 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 .

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

Yours sincerely,

DSV A/S

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