STOCK EXCHANGE ANNOUNCEMENT NO. 241 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 Accumulated for trading day 1-7 388,000 115.42 44,782,624 8: 10 May 2007 45,000 119.92 5,396,400 9: 11 May 2007 10,000 117.00 1,170,000 10: 14 May 2007 70,000 117.36 8,215,200 11: 15 May 2007 40,000 114.25 4,570,000 12: 16 May 2007 70,000 115.32 8,072,400 13: 18 May 2007 28,000 114.69 3,211,320 14: 21 May 2007 55,000 115.30 6,341,500 Accumulated for trading day 1-14 706.000 115.81 81,759,444 DSV's accumulated share buy-backs in the period from 30 April 2007 to 21 May 2007 thus total 706,000 number of shares at a total purchase sum of 81.8 DKK million As a result of the above transactions, DSV A/S now holds a total of 4,831,610 shares of a nominal DKK 1 in DSV A/S corresponding to 2.40% of the total number of issued shares of 201,500,000. The last announcement dated 10 May 2007 stated that DSV A/S held 2.24% 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 Managing Director CFO