SHARE BUY-BACK IN DSV A/S Company Announcement No. 363 On 29 October 2010, DSV initiated the published share buy-back programme, cf. company announcement no. 361 of 29 October 2010. According to the programme DSV will in the period to 16 February 2011 purchase own shares up to a maximum value of DKK 600,000,000 and no more than 6,000,000 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 1: 29 October 2010 45,000 107.53 4,838,850 2: 1 November 2010 69,628 111.90 7,791,373 3: 2 November 2010 100,000 110.91 11,091,000 4: 3 November 2010 44,000 110.63 4,867,755 5: 4 November 2010 60,000 112.53 6,751,800 6: 5 November 2010 70,000 113.12 7,918,400 7: 8 November 2010 45,000 114.28 5,142,600 Accumulated for trading 1-7 433,628 111.62 48,401,778 DSV's accumulated share buy-backs in the period from 29 October 2010 to 8 November 2010 thus total 433,628 numbers of shares at a total purchase sum of 48.4 DKK million. As a result of the above transactions, DSV A/S now holds a total of 845,355 shares of a nominal DKK 1 in DSV A/S corresponding to 0.40% of the total number of issued shares of 209,150,000. The last announcement dated 29 October 2010 stated that DSV A/S held 0.29% of the company's share capital. Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40. Yours sincerely, DSV Jens Bjørn Andersen Jens H. Lund CEO CFO