TAILIEUCHUNG - STOCK EXCHANGE ANNOUNCEMENT NO.314

One of the directions that researchers have been taking is the use of agent-based financial markets. These “bottom- up” models of financial markets start from first principals of agent behavior. Using either computational, or more sophisticated mathematical tools they are able to describe macro features emerging from a soup of individual interact- ing strategies. Since the early 1990’s I’ve been involved with one of the first agent-based financial market platforms, The Santa Fe Artificial StockMarket. Now, with nearly a decade of experience in looking at financial markets from an agent-based perspective, I would like to turn my attention back to the SFI market. I will. | 31 October 2008 STOCK EXCHANGE ANNOUNCEMENT NO. 314 Interim Announcement for the period ended 30 September 2008 Major key figures of the Q3 2008 Interim Financial Report for the period 1 January - 30 September 2008 Revenue amounted to DKK 26 117 million Gross profit came to DKK 5 637 million Operating profit before special items came to DKK 1 434 million Profit before tax amounted to DKK 1 646 million DSV s share of the profit for the period amounted to DKK 1 289 million Diluted adjusted earnings per share were DKK for the period which amounts to an annualised figure of DKK Free cash flow for the period adjusted for the acquisition of enterprises amounted to DKK 353 million Group Management considers the results for the first nine months of 2008 very satisfactory. Closing of the acquisition of XB Luxemburg Holdings 1 . the parent company of the ABX LOGISTICS Group ABX On 1 October 2008 DSV closed the transaction with 3i Group plc and 3i funds the ABX management team and other shareholders on the purchase of 100 of the shares in the parent company of the Belgian ABX Group. The transaction does not affect this Interim Financial Report as ABX will only be recognised in the consolidated financial statements of the DSV Group as from 1 October 2008. Outlook for 2008 DSV maintains the adjusted expectations for 2008 disclosed in stock exchange announcement No. 312. Yours sincerely DSV DSV A S Banemarksvej 58 DK-2605 Br0ndby tel. 45 43203040 fax 45 43203041 CVR No. 58233528 Global Transport and Logistics DSV is a global supplier of transport and logistics services. DSV has offices in more than 55 countries all over the world. Supplemented by partners and agents DSV offers services in more than 110 countries making DSV a truly global player. Based on our professional and advantageous overall solutions the 25 200 DSV employees are expected to achieve a worldwide annual turnover of DKK billion for 2008. INTERIM FINANCIAL REPORT Financial

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