Share buy-back in DSV A/S On 30 April 2007, DSV initiated the published share buy-back programme, cf. stock exchange announcement no. 234 of 30 April 2007. According to the programme DSV will in the period to 31. July 2007 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 1-42 2,309,917 111.50 257,556,784 43: 03 July 2007 50,000 111.50 5,575,000 44: 04 July 2007 55,000 114.27 6,284,850 45: 05 July 2007 58,500 114.91 6,722,235 46: 06 July 2007 70,000 115.04 8,052,800 47: 09 July 2007 43,000 116.22 4,997,460 48: 10 July 2007 65,000 115.40 7,501,000 49: 11 July 2007 65,000 116.14 7,549,100 Accumulated for trading day 1-49 2,716,417 112.00 304,239,229 DSV's accumulated share buy-backs in the period from 30 April 2007 to 11 July 2007 thus total 2,716,417 number of shares at a total purchase sum of 304.2 DKK million As a result of the above transactions, DSV A/S now holds a total of 6,842,027 shares of a nominal DKK 1 in DSV A/S corresponding to 3.40% of the total number of issued shares of 201,500,000. The last announcement dated 2 July 2007 stated that DSV A/S held 3.19% 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 Managing Director CFO