DSV, 251 - Share buy-back in DSV A/S

01.08.2007
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.