DSV, 337 - Agreement with Ringsted Local Authority lapsed


Agreement with Ringsted Local Authority lapsed

On 7 January 2008, DSV A/S concluded a conditional agreement with the Local
Authority of Ringsted on the acquisition of a construction site for the new
headquarters of DSV A/S on Zealand and accordingly a consolidation of various
existing DSV locations. 

One of the conditions for the acquisition was that final and conclusive
municipal and local plans for the area making the construction project possible
had to be in place before 1 September 2009. 

We have noted that this condition has not been met because the local plan
adopted by the Local Authority has been appealed and is now pending before the
Nature Protection Board of Appeal. 

Due to the resulting uncertainty of our construction options, we have informed
the Local Authority of Ringsted that we consider the 7 January 2008 Agreement

We still intend to consolidate all current activities on Zealand at one
location for which reason we are now examining all options for proceeding with
this matter. 

Any questions may be addressed to Jens Bjørn Andersen, CEO, or Jens H. Lund,
CFO, on tel. +45 43 20 30 40. 

Yours sincerely,

Jens Bjørn Andersen	Jens H. Lund