DSV, 870 - SHARE BUYBACK IN DSV PANALPINA A/S

Company Announcement No. 870

On 29 October 2020, we initiated a share buyback programme of DKK 6,000 million running until 30 April 2021, as described in Company Announcement No. 842. On 10 February 2021 the maximum aggregate purchase price of the shares to be bought back under the programme was increased to DKK 8,000 million.

According to the programme, the company will in the period from 29 October 2020 to 30 April 2021 purchase own shares up to a maximum value of DKK 8,000 million and no more than 12 million shares, corresponding to 5.22% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules.

Trading day			Number of shares bought back		Average transaction price		Amount DKK
Accumulated trading for days 1-78			4.635.692		1.019,01		4.723.838.278
79:	22 February 2021		63.000		1.139,41		71.782.811
80:	23 February 2021		110.000		1.102,36		121.259.655
81:	24 February 2021		92.172		1.111,62		102.460.543
82:	25 February 2021		65.000		1.121,47		72.895.231
83:	26 February 2021		66.745		1.131,66		75.532.440
Accumulated trading for days 1-83			5.032.609		1.026,86		5.167.768.958

As at today, DSV Panalpina A/S holds a total of 6,572,125 shares of a nominal value of DKK 1 in DSV Panalpina A/S, corresponding to 2.86% of the total number of issued shares of 230,000,000.

The details of each transaction made under the share buyback programme are published on investor.dsv.com.

Any questions may be addressed to Executive Vice President, Investor Relations, Flemming Ole Nielsen, tel. +45 43 20 33 92.

Yours sincerely,
DSV Panalpina A/S

Attachment

• 870 - Announcement (01.03.2021) - Sharebuyback