Interim Announcement for the period ended 30 June 2006

Revenue amounted to DKK 15,037 million.

Gross profit came to DKK 3,243 million.

Operating profit before impairment of goodwill and special items totalled DKK 723 million.

Operating profit (EBIT) came to DKK 473 million.

Profit before tax amounted to DKK 391 million.

DSV's share of the profit for the period amounted to DKK 258 million, and the fully diluted adjusted earnings per share amounted to DKK 22.

Free cash flow for the period adjusted for the acquisition of enterprises and activities amounted to DKK 520 million.

Group Management considers the results for H1 2006 very satisfactory.

The integration of Frans Maas Group is progressing as planned, and Group Management expects the aggregate annual synergies to total DKK 450 million when the integration process has been completed, up DKK 50 million on the originally expected synergies.