DSV

Transaction in Own Shares • Dec 7, 2010

7 December 2010

SHARE BUY-BACK IN DSV A/S

Company Announcement No. 368

On 29 October 2010, DSV initiated the published share buy-back programme, cf. company announcement no. 361 of 29 October 2010. According to the programme DSV will in the period to 16 February 2011 purchase own shares up to a maximum value of DKK 600,000,000 and no more than 6,000,000 shares. 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 1-21		1,375,900	113.25	155,821,814
	22: 29 November 2010	82,300	113.18	9,314,714
	23: 30 November 2010	112,500	112.34	12,638,250
24:	1 December 2010	40,000	115.11	4,604,400
25:	2 December 2010	40,000	117.93	4,717,200
26:	3 December 2010	105,000	119.24	12,520,337
27:	6 December 2010	60,000	117.66	7,059,600
28:	7 December 2010	20,000	119.53	2,390,600
Accumulated for trading 1-28		1,835,700	113.89	209,066,915

DSV's accumulated share buy-backs in the period from 29 October 2010 to 7 December 2010 thus total 1,835,700 numbers of shares at a total purchase sum of 209,1 DKK million.

As of today DSV A/S now holds a total of 1,981,927 shares of a nominal DKK 1 in DSV A/S corresponding to 0.95% of the total number of issued shares of 209,150,000.

The last announcement dated 26 November 2010 stated that DSV A/S held 0.77% of the company's share capital.

Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.

Yours sincerely, DSV

Jens Bjørn Andersen Jens H. Lund CEO CFO

DSV A/S, Banemarksvej 58, DK-2605 Brøndby, tel. +45 43203040, fax +45 43203041, CVR No. 58233528, www.dsv.com

Global Transport and Logistics

DSV is a global supplier of transport and logistics services.

DSV has offices in more than 60 countries all over the world and an international network of partners and agents, which makes DSV a truly global player offering services worldwide. By our professional and advantageous overall solutions, the approx. 21,000 DSV employees recorded a worldwide annual revenue of 4.8 billion euro for 2009.