DSV

Transaction in Own Shares • Jul 24, 2024

LAUNCH OF NEW SHARE BUYBACK PROGRAMME ACCORDING TO THE SAFE HARBOUR METHOD

Company Announcement No. 1124

The Board of Directors of DSV A/S has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 14 March 2024. The authority is valid until 14 March 2029 and covers a maximum of 21,400,000 shares.

Purpose

The purpose of the share buyback is to adjust the capital structure and meet obligations relating to the Group's share-based incentive programmes. At a General Meeting of DSV A/S, a resolution will be proposed that any shares not used for the incentive programmes will be cancelled.

Time frame

The share buyback programme will commence on 24 July 2024 and will be completed by 22 October 2024, at the latest, both days inclusive. During this period, DSV A/S will buy own shares up to a maximum of DKK 1,500 million in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules.

Buyback terms

• DSV A/S is required to retain a lead manager who is to make its own trading decisions independently of and without influence from DSV A/S and execute the buyback within the announced limits. DSV A/S has designated Danske Bank A/S, as its lead manager for the share buyback.
• Under the share buyback programme, DSV A/S may repurchase shares up to a maximum aggregate purchase price of DKK 1,500 million, and no more than 2,550,000 shares, corresponding to 1.19% of the current share capital of DSV A/S.
• The shares may in no event be bought at a price deviating by more than 5 per cent from the most recently quoted market price of the shares at the time of purchase.
• The shares shall not be purchased at a price higher than the price of the last independent trade or higher than the current highest independent bid on the trading venue on which the purchase is carried out.
• The maximum number of shares that can be repurchased on any single trading day may not be greater than 25% of the average daily trading volume of DSV shares on Nasdaq Copenhagen during the 20 preceding trading days before the trading day.

A company announcement of any transactions under the programme will be published every week after commencement and at the end of the programme. Any questions may be addressed to Investor Relations, Sebastian Rosborg, tel. +45 43 20 33 87.

Yours sincerely, DSV A/S