DSV

Transaction in Own Shares • Aug 22, 2007

22 August 2007

STOCK EXCHANGE ANNOUNCEMENT NO. 257

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 1-7	542,000	125.94	68,261,900
8: 14 August 2007	64,000	125.70	8,044,800
9: 15 August 2007	60,000	121.43	7,285,800
10: 16 August 2007	82,000	116.39	9,543,980
11: 17 August 2007	80,000	118.35	9,468,000
12: 20 August 2007	41,500	121.92	5,059,680
13: 21 August 2007	50,000	119.81	5,990,500
14: 22 August 2007	40,000	121.28	4,851,200
Accumulated for trading day 1-14	959,500	123.51	118,505,860

DSV's accumulated share buy-backs in the period from 3 August 2007 to 22 August 2007 thus total 959,500 numbers of shares at a total purchase sum of 118.5 DKK million

As a result of the above transactions, DSV A/S now holds a total of 8,591,827 shares of a nominal DKK 1 in DSV A/S corresponding to 4.26% of the total number of issued shares of 201,500,000.

The last announcement dated 13 August 2007 stated that DSV A/S held 4.06% 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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