DSV - DSV Air & Sea Pty. Ltd. acquires the remaining 60% of ABX LOGISTICS (Australia) Pty. Ltd.

07.11.2008
PRESS RELEASE

 
DSV Air & Sea Pty. Ltd. acquires the remaining 60% of ABX LOGISTICS (Australia)
Pty. Ltd. 

Today, DSV Air & Sea Pty. Ltd. (a DSV Group company) has acquired the remaining
60% of the shares in ABX LOGISTICS (Australia) Pty. Ltd., which is now wholly
owned by the DSV Group. 

By combining the volumes of ABX LOGISTICS and DSV Air & Sea, Australia, DSV has
increased its strength in this very interesting market. The combination of the
expertise and management will bring DSV Air & Sea, Australia, to the next level
and expand its strengths in many markets. 

The acquisition is part of the efforts of the DSV Group to further strengthen
its presence in Australia and thereby obtain an increased share in the growth
in Asia and Oceania, where DSV is represented by its own companies in 15
countries and has more than 2,300 employees. 

The revenue of ABX LOGISTICS (Australia) Pty. Ltd. for the financial year 1
July 2007 - 30 June 2008 was AUD 42,347 thousand (DKK 163,840 thousand), and
EBITA was AUD 2,595 thousand (DKK 10,040 thousand). 

ABX LOGISTICS (Australia) Pty. Ltd and DSV Air & Sea will merge their
Australian operations and become a strong player in the Australian freight
forwarding market. 

Any questions may be addressed to Joergen Moller, President of DSV Air & Sea
Holding A/S, tel. +1 732 850 8000. 

Yours sincerely
DSV