STOCK EXCHANGE ANNOUNCEMENT NO. 303 Share buy-back in DSV A/S On 29 April 2008, DSV initiated the published share buy-back programme, cf. stock exchange announcement no. 295 of 29 April 2008. According to the programme DSV will in the period to 31 July 2008 purchase own shares up to an amount of DKK 300 million, but with a maximum of 3,299,073 shares. 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 1,364,000 120.05 163,749,121 29: 11 June 2008 104,000 111.81 11,628,240 30: 12 June 2008 45,000 111.60 5,022,000 31: 13 June 2008 45,000 113.38 5,102,100 32: 16 June 2008 40,000 116.64 4,665,600 33: 17 June 2008 47,000 122.26 5,746,220 34: 18 June 2008 65,000 120.80 7,852,000 35: 19 June 2008 22,000 119.98 2,639,560 Accumulated for trading day 1-35 1,732,000 119.17 206,404,841 DSV's accumulated share buy-backs in the period from 29 April 2008 to 19 June 2008 thus total 1,732,000 numbers of shares at a total purchase sum of 206.4 DKK million. As a result of the above transactions, DSV A/S now holds a total of 18,582,927 shares of a nominal DKK 1 in DSV A/S corresponding to 9.22% of the total number of issued shares of 201,500,000, The last announcement dated 10 June 2008 stated that DSV A/S held 9.04% 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