STOCK EXCHANGE ANNOUNCEMENT NO. 242 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 1-14 706,000 115.81 81,759,444 15: 22 May 2007 75,000 115.08 8,631,000 16: 23 May 2007 50,000 114.88 5,744,000 17: 24 May 2007 40,000 114.25 4,570,000 18: 25 May 2007 80,000 112.69 9,015,200 19: 29 May 2007 20,000 113.00 2,260,000 20: 30 May 2007 20,000 111.75 2,235,000 21: 31 May 2007 50,000 113.23 5,661,400 Accumulated for trading day 1-21 1,041,000 115.15 119,876,044 DSV's accumulated share buy-backs in the period from 30 April 2007 to 31 May 2007 thus total 1,041,000 number of shares at a total purchase sum of 119.9 DKK million As a result of the above transactions, DSV A/S now holds a total of 5,166,610 shares of a nominal DKK 1 in DSV A/S corresponding to 2.56% of the total number of issued shares of 201,500,000. The last announcement dated 22 May 2007 stated that DSV A/S held 2.40% of the company's share capital. Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.