Stock Exchange Announcement No. 440
Pursuant to the Securities Trading Act notice is hereby given that the following transactions have been carried out:
| Name | Kurt K. Larsen |
| Reason | Chairman of the Supervisory Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares — Transfer to related party |
| Trade date | 11 March 2012 |
| Number of shares | 145,500 |
| Market price (DKK) | 18,999,390 |
| Name | Vibeke Larsen |
| Reason | Related party to Kurt K. Larsen |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares — Transfer from related party |
| Trade date | 11 March 2012 |
| Number of shares | 145,500 |
| Market price (DKK) | 18,999,390 |
| Name | Kurt K. Larsen |
| Reason | Chairman of the Supervisory Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Exercise of share options granted in year 2007 |
| Trade date | 12 March 2012 |
| Number of shares | 80,000 |
| Market price (DKK) | 7,800,000 |
| Name | Kurt K. Larsen |
| Reason | Chairman of the Supervisory Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Exercise of share options granted in year 2008 |
| Trade date | 12 March 2012 |
| Number of shares | 90,000 |
| Market price (DKK) | 9,292,500 |
| Name | Kurt K. Larsen |
| Reason | Chairman of the Supervisory Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares - Sale |
| Trade date | 13 March 2012 |
| Number of shares | 170,000 |
| Market price (DKK) | 22,406,000 |
Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Manager, tel. +45 43 20 30 40.
Yours sincerely,
DSV
Flemming Ole Nielsen
Investor Relations Manager