DSV, 274 - Share buy-back in DSV A/S

19.12.2007
STOCK EXCHANGE ANNOUNCEMENT NO. 274

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 1-28	    1,103,300 	120.13	132,536,829
29: 11 December 2007	        30,000 	121.62	3,648,600
30: 12 December 2007	               -   	 -	-
31: 13 December 2007	      150,000 	121.00	18,150,000
32: 14 December 2007	        89,700 	118.04	10,588,188
33: 17 December 2007	        50,000 	114.20	5,710,000
34: 18 December 2007	        40,000 	113.19	4,527,600
35: 19 December 2007	        48,600 	111.35	5,411,610
Accumulated for trading day 1-35	    1,511,600 	119.46	180,572,593

DSV's accumulated share buy-backs in the period from 1 November 2007 to 19
December 2007 thus total 1,511,600 number of shares at a total purchase sum of
180.6 DKK million 

As a result of the above transactions, DSV A/S now holds a total of 13,117,727
shares of a nominal DKK 1 in DSV A/S corresponding to 6.51% of the total number
of issued shares of 201,500,000. 
 
The last announcement dated 11 December 2007 stated that DSV A/S held 6.31% 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