DSV

Transaction in Own Shares • Oct 22, 2007

22 October 2007

STOCK EXCHANGE ANNOUNCEMENT NO. 263

Share buy-back in DSV A/S

On 3 August 2007, DSV initiated the published share buy-back programme, cf. stock exchange announcement no. 252 of 3 August 2007. According to the programme DSV will in the period to 31 October 2007 purchase own shares for an amount of up to a maximum of DKK 500 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 buybacks under the programme every 7th trading day.

Trading day	Number of shares bought back	Average transaction price	Amount DKK
Accumulated for trading day 1-49	3,176,500	124.39	395,118,300
50: 11 October 2007	60,000	134.83	8,089,800
51: 12 October 2007	70,000	131.72	9,220,400
52: 15 October 2007	53,000	132.30	7,011,900
53: 16 October 2007	60,000	129.00	7,740,000
54: 17 October 2007	45,000	130.46	5,870,700
55: 18 October 2007	80,000	130.08	10,406,400
56: 19 October 2007	26,000	130.58	3,395,080
Accumulated for trading day 1-56	3,570,500	125.15	446,852,580

DSV's accumulated share buy-backs in the period from 3 August 2007 to 19 October 2007 thus total 3,570,500 numbers of shares at a total purchase sum of 446,9 DKK million

As a result of the above transactions, DSV A/S now holds a total of 11,202,827 shares of a nominal DKK 1 in DSV A/S corresponding to 5.56% of the total number of issued shares of 201,500,000.

The last announcement dated 10 October 2007 stated that DSV A/S held 5.36% 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

DSV A/S, Kornmarksvej 1, DK-2605 Brøndby, tel. +4543203040, fax +4543203041, CVR no. 58233528, www.dsv.com.

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