DSV, 278 - Share buy-back in DSV A/S

25.01.2008
STOCK EXCHANGE ANNOUNCEMENT NO. 278

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 1-49	    2,232,600 	113.85	254,171,676
50: 16 January 2008	50,000	92.59	4,629,500
51: 17 January 2008	55,000	93.66	5,151,300
52: 18 January 2008	50,000	90.75	4,537,500
53: 21 January 2008	130,000	90.62	11,780,600
54: 22 January 2008	14,700	86.88	1,277,136
55: 23 January 2008	80,000	92.19	7,375,200
56: 24 January 2008	0	0.00	0
Accumulated for trading day 1-56	    2,612,300 	110.60	288,922,912

DSV's accumulated share buy-backs in the period from 1 November 2007 to 24
January 2008 thus total 2,612,300 number of shares at a total purchase sum of
288.9 DKK million 

As a result of the above transactions, DSV A/S now holds a total of 14,217,427
shares of a nominal DKK 1 in DSV A/S corresponding to 7.06% of the total number
of issued shares of 201,500,000. 
 
The last announcement dated 15 January 2008 stated that DSV A/S held 6.87% 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