Company Announcement No. 379 On 24 February 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 377 of 24 February 2011. According to the programme DSV will in the period to 28 April 2011 purchase own shares up to a maximum value of DKK 500,000,000 and no more than 6,000,000 shares, corresponding to 2.87% of the present share capital of DSV A/S. 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 Average transaction Amount DKK bought back price 1: 24 February 2011 111,698 117.07 13,076,485 2: 25 February 2011 98,302 120.42 11,837,527 3: 28 February 2011 95,594 123.29 11,785,784 4: 1 March 2011 184,406 123.59 22,790,738 5: 2 March 2011 22,560 119.80 2,702,688 6: 3 March 2011 70,036 123.66 8,660,652 7: 4 March 2011 113,592 125.16 14,217,175 -------------------------------------------------------------------------------- Accumulated for 696,188 122.20 85,071,048 trading 1-7 -------------------------------------------------------------------------------- DSV's accumulated share buy-backs in the period from 24 February 2011 to 4 March 2011 thus total 696,188 numbers of shares at a total purchase sum of 85,1 DKK million. As of today, DSV A/S now holds a total of 5,597,749 shares of a nominal DKK 1 in DSV A/S corresponding to 2.68% of the total number of issued shares of 209,150,000. The last announcement dated 24 February 2011 stated that DSV A/S held 2.41% of the company's share capital. Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40. Yours sincerely, DSV Jens Bjørn Andersen Jens H. Lund CEO CFO