STOCK EXCHANGE ANNOUNCEMENT NO. 301 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 1-21 980,800 120.51 118,199,372 22: 30 May 2008 45,000 122.47 5,511,150 23: 2 June 2008 25,000 121.87 3,046,750 24: 3 June 2008 37,300 121.60 4,535,680 25: 4 June 2008 51,700 119.91 6,199,347 26: 6 June 2008 99,200 119.16 11,820,672 27: 9 June 2008 45,000 116.75 5,253,750 28: 10 June 2008 80,000 114.78 9,182,400 Accumulated for trading day 1-28 1,364,000 120.05 163,749,121 DSV's accumulated share buy-backs in the period from 29 April 2008 to 10 June 2008 thus total 1,364,000 numbers of shares at a total purchase sum of 163.7 DKK million. As a result of the above transactions, DSV A/S now holds a total of 18,214,927 shares of a nominal DKK 1 in DSV A/S corresponding to 9.04% of the total number of issued shares of 201,500,000, The last announcement dated 30 May 2008 stated that DSV A/S held 8.85% 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