STOCK EXCHANGE ANNOUNCEMENT NO. 246 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 1-28 1,426,200 113.60 162,015,676 29: 13 June 2007 85,000 108.45 9,218,250 30: 14 June 2007 75,000 109.50 8,212,500 31: 15 June 2007 45,000 108.77 4,894,650 32: 18 June 2007 68,000 109.98 7,478,640 33: 19 June 2007 21,000 109.49 2,299,290 34: 20 June 2007 71,017 109.39 7,768,550 35: 21 June 2007 169,000 107.05 18,091,450 Accumulated for trading day 1-35 1,960,217 112.22 219,979,006 DSV's accumulated share buy-backs in the period from 30 April 2007 to 21 June 2007 thus total 1,960,217 number of shares at a total purchase sum of 220.0 DKK million As a result of the above transactions, DSV A/S now holds a total of 6,05,827 shares of a nominal DKK 1 in DSV A/S corresponding to 3.02% of the total number of issued shares of 201,500,000. The last announcement dated 12 June 2007 stated that DSV A/S held 2.76% of the company's share capital. Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.