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DSV, 847 - MAJOR SHAREHOLDER ANNOUNCEMENT

Company Announcement No. 847

Pursuant to section 30 of the Danish Capital Markets Act it is hereby announced that WCM Investment Management, LLC has informed DSV Panalpina A/S that WCM Investment Management, LLC has decreased its holding of shares and other financial instruments with similar economic effect in DSV Panalpina A/S to 11,419,407 shares, corresponding to 4.96% of the entire share capital and voting rights.

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

Yours sincerely,
DSV Panalpina A/S

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