Stock Exchange Announcement No. 391
Pursuant to the Securities Trading Act notice is hereby given that the following transaction has been carried out:
| Name | Erik B. Pedersen |
| Reason | Member of the Supervisory Board |
| Issuer | DSV A/S |
| ID Code | DK0060079531 |
| Nature of transaction | Shares - Sale |
| Trade date | 10 May 2011 |
| Number | 80,000 |
| Market price (DKK) | 10,484,000 |
Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.
Yours sincerely,
DSV
Jens Bjørn Andersen Jens H. Lund
CEO CFO