Company Announcement No. 709

On 1 August 2018, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 705 of 1 August 2018. According to the programme, DSV A/S will in the period from 2 August 2018 to 24 October 2018 purchase own shares up to a maximum value of DKK 1,200,000,000 and no more than 4,000,000 shares, corresponding to 2.13% 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 1-15  524,000  580.18  304,016,287
16: 23 August 2018  25,000  590.44  14,761,000
17: 24 August 2018  23,000  591.83  13,612,090
18: 27 August 2018  24,000  599.10  14,378,400
19: 28 August 2018  24,000  596.71  14,321,040
20: 29 August 2018  20,000  595.37  11,907,400
Accumulated for trading days 1-20  640,000  582.81  372,996,217

As at today, DSV A/S holds a total of 6,257,877 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.33% of the total number of issued shares of 188,000,000.

The details of each transaction made under the share buyback programme are published on investor.dsv.com .

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

Yours sincerely, DSV A/S

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