DSV, 236 - DSV A/S reduces the nominal value of the its shares and issues bonus shares

DSV A/S reduces the nominal value of the its shares and issues bonus shares
 
At the Annual General Meeting of DSV A/S, Central Business No. 58 23 35 28, on
30 April 2007, the shareholders resolved to reduce the nominal value of the
shares in the Company and to issue bonus shares, cf. notice of the General
Meeting published on 4 April 2007. 

Change in nominal value
The nominal value of each share in the Company is reduced from DKK 2 to DKK 1.
This implies that following this reduction the Company's share capital of DKK
40,300,000 is divided into 40,300,000 shares of a nominal value of DKK 1. 

In practice, the reduction of the nominal value of the shares will be
implemented through the issuance of bonus shares described below so that all
shareholders who are shareholders in DSV A/S after the daily update by the
Danish Securities Centre on 10 May 2007 will be granted new shares in DSV A/S
of a nominal value of DKK 1 each. 

Bonus issue
The bonus issue will be effected as described below. 

•The bonus issue amounts to nominally DKK 161,200,000, corresponding to
161,200,000 shares of a nominal value of DKK 1 

•Prior to the bonus issue, the nominal share capital of DSV A/S is DKK
40,300,000 divided into 40,300,000 shares of DKK 1. After the bonus issue, the
nominal share capital of DSV A/S will be DKK 201,500,000 divided into
201,500,000 shares of DKK 1 

•The new shares will entitle the holders to full dividend, ordinary and
extraordinary, for the entire financial year of 2007 

•The new shares must be negotiable instruments issued to bearer, but they may
be recorded in the name of the holder in the Company's register of
shareholders. Any shareholder who wants his shares registered in his name has
to contact his own custodian bank 

•The negotiability of the new shares is not restricted in any way

•Each share amount of DKK 1 entitles the shareholder to one vote

•Any dividends are deposited on the bank account nominated by the shareholder

•As regards dividend tax of any dividends, reference is made to the applicable
statutory provisions 

•The financial year of DSV A/S is the calendar year

•Bonus shares are issued in the ratio of 1:4; accordingly one existing share of
a nominal value of DKK 1 entitles the holder to four new bonus shares 

•The ISIN of the DSV share will change to DK 0060079531 in connection with the
bonus issue and the change in the nominal value 

•The reduction of the nominal value and the granting of bonus shares will be
effected on 10 May 2007 following the daily update by the Danish Securities
Centre 

•The time schedule is as follows:

30 April 2007 Registration of the capital increase with the Danish Commerce and
Companies Agency 

7 May 2007 Last day of trading in DSV shares including the entitlement to bonus
shares. It is also the last day of trading in DSV shares of a nominal value of
DKK 2 

8 May 2007 First day of trading in DSV shares excluding any entitlement to
bonus shares. It is also the first day of trading in DSV shares of a nominal
value of DKK 1 

10 May 2007 Bonus shares are granted to the shareholders who hold shares in DSV
A/S following the daily update by the Danish Securities Centre on 10 May 2007 

•No right to acquire bonus shares is granted

•The new shares will be listed on 8 May 2007

•The estimated costs of the bonus issue are about DKK 225,000

The implementation of this share split and issuance of bonus shares is
motivated by an intention to maintain, or even improve, the liquidity of the
DSV share. 

Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.

Yours faithfully
DSV


Kurt K. Larsen 	Jens H. Lund
Group CEO		CFO