STOCK EXCHANGE ANNOUNCEMENT NO. 239 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 1: 30. April 2007 - 0,00 0 2: 1. May 2007 70,000 113.53 7,946,820 3: 2. May 2007 100,000 114.27 11,427,000 4: 3. May 2007 40,000 112.85 4,514,000 5. 7. May 2007 13,000 113.61 1,476,904 6: 8. May 2007 65,000 117.06 7,608,900 7: 9. May 2007 100,000 118.09 11,809,000 Accumulated for trading day 1-7 388,000 115.42 44,782,624 The buybacks in the period from 30. April - 7. May have been adjusted for the reduction in nominal value of the company's shares and the issue of bonus shares, cf. stock exchange announcement no. 236 of 30. April 2007 DSV's accumulated share buy-backs in the period from 30. April 2007 to 9. May 2007 thus total 388,000 number of shares at a total purchase sum of 44.8 DKK million As a result of the above transactions, DSV A/S now holds a total of 4,513,610 shares of a nominal DKK 1 in DSV A/S corresponding to 2.24% of the total number of issued shares of 201,500,000. Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.