STOCK EXCHANGE ANNOUNCEMENT NO. 251 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 1-56 3,201,917 113.37 362,990,154 57: 23 July 2007 40,000 122.16 4,886,400 58: 24 July 2007 45,000 123.13 5,540,850 59: 25 July 2007 35,000 121.57 4,254,950 60: 26 July 2007 60,000 120.69 7,241,400 61: 27 July 2007 40,000 117.77 4,710,800 62: 30 July 2007 40,000 120.38 4,815,200 63: 31 July 2007 44,800 123.71 5,542,208 Accumulated for trading day 1-63 3,506,717 114.06 399,981,962 DSV's accumulated share buy-backs in the period from 30 April 2007 to 31 July 2007 thus total 3,506,717 number of shares at a total purchase sum of 400.0 DKK million. The published share buy-back programme has now been concluded and the shares bought back will be cancelled at the company's next Annual General Meeting. As a result of the above transactions, DSV A/S now holds a total of 7,632,327 shares of a nominal DKK 1 in DSV A/S corresponding to 3.79% of the total number of issued shares of 201,500,000. The last announcement dated 23 July 2007 stated that DSV A/S held 3.64% of the company's share capital. Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.