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June 3, 2019 at 4:52 AM EDT

Company Announcement No. 754

On 30 April 2019, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 745 of 30 April 2019. According to the programme, DSV A/S will in the period from 30 April 2019 to 8 November 2019 purchase own shares up to a maximum value of DKK 3,500,000,000 corresponding to 5.38% 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 trading for days 1-18749,000 604.08 452,457,500
19:27 May 2019 43,000 601.29 25,855,470
20:28 May 2019 37,000 604.91 22,381,670
21:29 May 2019 48,000 601.92 28,892,160
Accumulated trading for days 1-21877,000 603.86 529,586,800

As at today, DSV A/S holds a total of 7,181,669 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.86% of the total number of issued shares of 186,000,000.

The details of each transaction made under the share buyback programme are published on

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

Yours sincerely,