STOCK EXCHANGE ANNOUNCEMENT NO. 290 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 1-7 508,500 95.96 48,793,270 8: 13 March 2008 125,000 94.07 11,758,750 9: 14 March 2008 60,000 93.60 5,616,000 10: 17 March 2008 60,000 89.87 5,392,200 11: 18 March 2008 50,000 92.91 4,645,500 12: 19 March 2008 60,000 93.40 5,604,000 13: 25 March 2008 15,000 97.00 1,455,000 14: 26 March 2008 35,000 99.17 3,470,950 Accumulated for trading day 1-14 913,500 94.95 86,735,670 DSV's accumulated share buy-backs in the period from 4 March 2008 to 26 March 2008 thus total 913,500 numbers of shares at a total purchase sum of 86.7 DKK million. As a result of the above transactions, DSV A/S now holds a total of 16,264,427 shares of a nominal DKK 1 in DSV A/S corresponding to 8.07% of the total number of issued shares of 201,500,000. The last announcement dated 12 March 2008 stated that DSV A/S held 7.87% 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