DSV

Transaction in Own Shares • Sep 20, 2007

20 September 2007

STOCK EXCHANGE ANNOUNCEMENT NO. 260

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 1-28	1,778,500	122.93	218,625,200
29: 12 September 2007	130,000	120.56	15,672,800
30: 13 September 2007	65,000	119.45	7,764,250
31: 14 September 2007	60,000	119.57	7,174,200
32: 17 September 2007	65,000	118.70	7,715,500
33: 18 September 2007	65,000	118.15	7,679,750
34: 19 September 2007	70,000	122.00	8,540,000
35: 20 September 2007	50,000	122.48	6,124,000
Accumulated for trading day 1-35	2,283,500	122.31	279,295,700

DSV's accumulated share buy-backs in the period from 3 August 2007 to 20 September 2007 thus total 2,283,500 numbers of shares at a total purchase sum of 279.3 DKK million

As a result of the above transactions, DSV A/S now holds a total of 9,915,827 shares of a nominal DKK 1 in DSV A/S corresponding to 4.92% of the total number of issued shares of 201,500,000.

The last announcement dated 11 September 2007 stated that DSV A/S held 4.67% 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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