SHARE BUY-BACK IN DSV A/S Company Announcement No. 367 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 Accumulated for trading day 1-14 962,328 112.84 108,584,913 15: 18 November 2010 50,000 115.02 5,751,000 16: 19 November 2010 50,000 115.19 5,759,500 17: 22 November 2010 65,000 115.90 7,533,500 18: 23 November 2010 70,000 114.10 7,987,000 19: 24 November 2010 71,072 113.62 8,075,201 20: 25 November 2010 52,500 112.90 5,927,250 21: 26 November 2010 55,000 112.79 6,203,450 Accumulated for trading 1-21 1,375,900 113.25 155,821,814 DSV's accumulated share buy-backs in the period from 29 October 2010 to 26 November 2010 thus total 1,375,900 numbers of shares at a total purchase sum of 155.8 DKK million. As of today DSV A/S now holds a total of 1,603,127 shares of a nominal DKK 1 in DSV A/S corresponding to 0.77% of the total number of issued shares of 209,150,000. The last announcement dated 17 November 2010 stated that DSV A/S held 0.60% 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