STOCK EXCHANGE ANNOUNCEMENT NO. 300 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 1-14 672,700 120.99 81,392,955 15: 21 May 2008 30,000 121.80 3,654,000 16: 22 May 2008 50,000 119.20 5,960,000 17: 23 May 2008 50,000 120.16 6,008,000 18: 26 May 2008 45,000 118.80 5,346,000 19: 27 May 2008 52,500 117.01 6,143,025 20: 28 May 2008 35,000 119.60 4,186,000 21: 29 May 2008 45,600 120.82 5,509,392 Accumulated for trading day 1-21 980,800 120.51 118,199,372 DSV's accumulated share buy-backs in the period from 29 April 2008 to 29 May 2008 thus total 980,800 numbers of shares at a total purchase sum of 118,2 DKK million. As a result of the above transactions, DSV A/S now holds a total of 17,831,727 shares of a nominal DKK 1 in DSV A/S corresponding to 8.85% of the total number of issued shares of 201,500,000, The last announcement dated 21 May 2008 stated that DSV A/S held 8.7% 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