SHARE BUY-BACK IN DSV A/S Company Announcement No. 352 On 29 March 2010, DSV initiated the published share buy-back programme, cf. company announcement no. 349 of 26 March 2010. According to the programme DSV will in the period to 28 April 2010 purchase own shares up to 1,000,000 shares for an amount of up to a maximum of DKK 110 million. The program is implemented in accordance with the “Safe Harbour” provisions of EU regulation no. 2273/2003 of 22 December 2003. Therefore, DSV will publish the accumulated buy-backs under the programme every 7th trading day. Trading day Number of shares bought back Average transaction price Amount DKK Accumulated for trading day 1-7 276,809 99.08 27,426,388 8: 12 April 2010 7,000 101.90 713,300 9: 13 April 2010 42,344 101.95 4,316,970 10: 14 April 2010 18,526 103.96 1,925,962 11: 15 April 2010 32,340 106.10 3,431,274 12: 16 April 2010 90,362 105.10 9,497,046 13: 19 April 2010 20,000 103.82 2,076,400 14: 20 April 2010 111,351 104.18 11,600,547 Accumulated for trading 1-14 598,732 101.86 60,987,887 DSV's accumulated share buy-backs in the period from 29 March 2010 to 20 April 2010 thus total 598,732 numbers of shares at a total purchase sum of 61.0 DKK million. As a result of the above transactions, DSV A/S now holds a total of 627,459 shares of a nominal DKK 1 in DSV A/S corresponding to 0.30% of the total number of issued shares of 209,150,000. The last announcement dated 9 April 2010 stated that DSV A/S held 0.17% of the company's share capital. Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40. Yours sincerely, DSV Jens Bjørn Andersen Jens H. Lund CEO CFO