STOCK EXCHANGE ANNOUNCEMENT NO. 292 Share buy-back in DSV A/S On 4 March 2008, DSV initiated the published share buy-back programme, cf. stock exchange announcement no. 287 of 4 March 2008. According to the programme DSV will in the period to 10 April 2008 purchase own shares up to 1,500,000 shares for an amount of up to a maximum of DKK 200 million. 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 1-14 913,500 94.95 86,735,670 15: 27 March 2008 30,000 100.85 3,025,500 16: 28 March 2008 25,000 102.23 2,555,750 17: 31 March 2008 42,000 102.27 4,295,340 18: 1 April 2008 50,000 105.13 5,256,500 19: 2 April 2008 85,000 108.30 9,205,500 20: 3 April 2008 59,000 106.40 6,277,600 21: 4 April 2008 50,000 105.53 5,276,500 Accumulated for trading day 1-21 1,254,500 97.75 122,628,360 DSV's accumulated share buy-backs in the period from 4 March 2008 to 4 April 2008 thus total 1,254,500 numbers of shares at a total purchase sum of 122.6 DKK million. As a result of the above transactions, DSV A/S now holds a total of 16,605,427 shares of a nominal DKK 1 in DSV A/S corresponding to 8.24% of the total number of issued shares of 201,500,000. The last announcement dated 26 March 2008 stated that DSV A/S held 8.07% 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