Company Announcement No. 638
Pursuant to the Danish Securities Trading Act notice is hereby given of the following transactions:
| Name | Kurt Larsen |
| Relation | Chairman of the Board |
| Issuer | DSV A/S |
| ISIN | DK0060079531 |
| Nature of transaction | Shares - Purchase |
| Trade date | 5 August 2016 |
| Number of shares | 10,162 |
| Exercise price (DKK) | 3,097,544 |
Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 33 92.
Yours sincerely,
DSV A/S
