DSV Air & Sea Holding A/S invests in Pakistan

DSV Air & Sea Holding A/S has made an investment of 20% of the shares in
Country Logistics (PVT) Ltd. in Pakistan. DSV Air & Sea Holding A/S has an
option to acquire the remaining shares within a three years’ period.

Country Logistics (PVT) Ltd. has been the official partner of the DSV global
network for the past three years.

Country Logistics (PVT) Ltd. has an annual turnover of approx. DKK 25 mill. The
company is represented by six locations in Pakistan.

This investment is seen as an important development in the expansion strategy
for the Sub Continent region, where DSV Air & Sea Holding A/S already has own
operations in India and Bangladesh.

In future Country Logistics (PVT) Ltd. will operate under the identity of DSV
Air & Sea (PVT) Ltd.

Questions should be addressed to Peter Larsen, Vice President of DSV Air & Sea
Holding A/S, phone number +45 43 20 30 40.