DSV, 265 - Share buy-back in DSV A/S

STOCK EXCHANGE ANNOUNCEMENT NO. 265

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 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 1-56	    3,570,500 	125.15	446,852,580
57: 22 October 2007	        51,000 	127.64	6,509,640
58: 23 October 2007	        53,000 	130.28	6,904,840
59: 24 October 2007	        40,000 	130.69	5,227,600
60: 25 October 2007	      100,000 	131.12	13,112,000
61: 26 October 2007	        55,000 	132.08	7,264,400
62: 29 October 2007	        50,000 	134.79	6,739,500
63: 30 October 2007	        54.300 	136.00	7,384,800
Accumulated for trading day 1-63	    3,973,800 	125.82	499,995,360

DSV's accumulated share buy-backs in the period from 3 August 2007 to 30
October 2007 thus total 3,973,800 numbers of shares at a total purchase sum of
500.0 DKK million. The published share buy-back programme has now been
concluded and the shares bought back will be proposed cancelled at the
company's next Annual General Meeting. 

As a result of the above transactions, DSV A/S now holds a total of 11,606,127
shares of a nominal DKK 1 in DSV A/S corresponding to 5.76% of the total number
of issued shares of 201,500,000. 
 
The last announcement dated 22 October 2007 stated that DSV A/S held 5.56% of
the company's share capital. 

Questions should be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.