STOCK EXCHANGE ANNOUNCEMENT NO. 269 Share buy-back in DSV A/S On 1 November 2007, DSV initiated the published share buy-back programme, cf. stock exchange announcement no. 266 of 31 October 2007. According to the programme DSV will in the period to 29 February 2008 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 1-7 270,000 130.68 35,284,909 8: 12 November 2007 36,400 124.94 4,547,925 9: 13 November 2007 53,600 122.22 6,550,890 10: 14 November 2007 33,100 122.96 4,069,916 11: 15 November 2007 23,600 119.71 2,825,201 12: 16 November 2007 43,300 118.10 5,113,687 13: 19 November 2007 80,000 113.01 9,040,728 14: 20 November 2007 25,300 111.49 2,820,649 Accumulated for trading day 1-14 565,300 124.28 70,253,905 DSV's accumulated share buy-backs in the period from 1 November 2007 to 20 November 2007 thus total 565,300 number of shares at a total purchase sum of 70.3 DKK million As a result of the above transactions, DSV A/S now holds a total of 12,171,427 shares of a nominal DKK 1 in DSV A/S corresponding to 6.04% of the total number of issued shares of 201,500,000. The last announcement dated 9 November 2007 stated that DSV A/S held 5.89% of the company's share capital. Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.