STOCK EXCHANGE ANNOUNCEMENT NO. 271 Share buy-back in DSV A/S On 1 November 2007, DSV initiated the published share buy-back programme, cf. stock exchange announcement no. 266 of 31 October 2007. According to the programme DSV will in the period to 29 February 2008 purchase own shares for an amount of up to a maximum of DKK 400 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 1-14 565,300 124.28 70,253,905 15: 21 November 2007 43,096 107.41 4,628,941 16: 22 November 2007 7,000 108.00 756,000 17: 23 November 2007 52,904 112.62 5,958,048 18: 26 November 2007 50,000 116.19 5,809,500 19: 27 November 2007 50,000 112.20 5,610,085 20: 28 November 2007 0 - 0 21: 29 November 2007 40,000 117.19 4,687,600 Accumulated for trading day 1-21 808,300 120.88 97,704,080 DSV's accumulated share buy-backs in the period from 1 November 2007 to 29 November 2007 thus total 808,300 number of shares at a total purchase sum of 97.7 DKK million As a result of the above transactions, DSV A/S now holds a total of 12,414,427 shares of a nominal DKK 1 in DSV A/S corresponding to 6.16% of the total number of issued shares of 201,500,000. The last announcement dated 21 November 2007 stated that DSV A/S held 6.04% 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