The work in this paper is directed towards sophisticated formalisms for reasoning under probabilistic uncertainty in ontologies in the Semantic Web. Ontologies play a central role in the development of the Semantic Web, since they provide a precise definition of shared terms in web resources. They are expressed in the standardized web ontology language OWL, which consists of the three increasingly expressive sublanguages OWL Lite, OWL DL, and OWL Full. The sublanguages OWL Lite and OWL DL have a formal semantics and a reasoning support through a mapping to the expressive description logics SHIF(D) and SHOIN (D), respectively. In this paper, we present the expressive probabilistic description logics P-SHIF(D) and P-SHOIN(D), which are probabilistic extensions of these description logics. They allow for expressing rich terminological probabilistic knowledge about concepts and roles as well as assertional probabilistic knowledge about instances of concepts and roles. They are semanticall...