STOCK EXCHANGE ANNOUNCEMENT NO. 289 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 1: 4 March 2008 120,000 95.75 11,490,000 2: 5 March 2008 65,000 95.53 6,209,450 3: 6 March 2008 53,000 98.17 5,203,010 4: 7 March 2008 55,500 97.22 5,395,710 5: 10 March 2008 100,000 95.48 9,548,000 6. 11 March 2008 85,000 94.42 8,025,700 7: 12 March 2008 30,000 97.38 2,921,400 Accumulated for trading day 1-7 508,500 95.96 48,793,270 DSV's accumulated share buy-backs in the period from 4 March 2008 to 12 March 2008 thus total 508,500 numbers of shares at a total purchase sum of 48.8 DKK million. As a result of the above transactions, DSV A/S now holds a total of 15,859,427 shares of a nominal DKK 1 in DSV A/S corresponding to 7.87% of the total number of issued shares of 201,500,000. The last announcement dated 4 March 2008 stated that DSV A/S held 7.62% 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