STOCK EXCHANGE ANNOUNCEMENT NO. 272 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 1-21 808,300 120.88 97,704,080 22: 30 November 2007 45,000 118.84 5,347,949 23: 03 December 2007 40,000 118.95 4,758,000 24: 04 December 2007 50,000 116.92 5,846,000 25: 05 December 2007 60,000 117.39 7,043,400 26: 06 December 2007 50,000 116.93 5,846,500 27: 07 December 2007 10,000 119.57 1,195,700 28: 10 December 2007 40,000 119.88 4,795,200 Accumulated for trading day 1-28 1,103,300 120.13 132,536,829 DSV's accumulated share buy-backs in the period from 1 November 2007 to 10 December 2007 thus total 1,103,300 number of shares at a total purchase sum of 132.5 DKK million As a result of the above transactions, DSV A/S now holds a total of 12,709,427 shares of a nominal DKK 1 in DSV A/S corresponding to 6.31% of the total number of issued shares of 201,500,000. The last announcement dated 30 November 2007 stated that DSV A/S held 6.16% 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