Company Announcement No. 635
Pursuant to the Danish Securities Trading Act notice is hereby given of the following transactions:
| Name | Jørgen Møller |
| Relation | Member of the Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Exercise of share options granted in year 2013 in his capacity as CEO for the Air & Sea division |
| Trade date | 23 May 2016 |
| Number of shares | 32,000 |
| Exercise price (DKK) | 4,544,000 |
| Name | Jørgen Møller |
| Relation | Member of the Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares — Sale |
| Trade date | 24 May 2016 |
| Number of shares | 32,000 |
| Market value (DKK) | 9,702,720 |
Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 33 92.
Yours sincerely,
DSV A/S