Share buy-back in DSV A/S On 30 April 2007, DSV initiated the published share buy-back programme, cf. stock exchange announcement no. 234 of 30 April 2007. According to the programme DSV will in the period to 31 July 2007 purchase own shares for an amount of up to a maximum of DKK 400 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 1-49 2,716,417 112.00 304,239,229 50: 12 July 2007 75,000 117.67 8,825,250 51: 13 July 2007 70,500 119.55 8,428,275 52: 16 July 2007 60,000 121.83 7,309,800 53: 17 July 2007 80,000 121.92 9,753,600 54: 18 July 2007 60,000 120.70 7,242,000 55: 19 July 2007 70,000 122.78 8,594,600 56: 20 July 2007 70,000 122.82 8,597,400 Accumulated for trading day 1-56 3,201,917 113.37 362,990,154 DSV's accumulated share buy-backs in the period from 30 April 2007 to 20 July 2007 thus total 3,201,917 number of shares at a total purchase sum of 363.0 DKK million As a result of the above transactions, DSV A/S now holds a total of 7,327,527 shares of a nominal DKK 1 in DSV A/S corresponding to 3.64% of the total number of issued shares of 201,500,000. The last announcement dated 12 July 2007 stated that DSV A/S held 3.40% of the company's share capital. Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40. Yours sincerely DSV Kurt K. Larsen Jens H. Lund CEO CFO