DSV

Transaction in Own Shares • Nov 21, 2023

SHARE BUYBACK IN DSV A/S

Company Announcement No. 1072

On 24 October 2023, we initiated a share buyback programme, as described in Company Announcement No. 1066. According to the programme, the company will in the period from 24 October 2023 until 31 January 2024 purchase own shares up to a maximum value of DKK 2,500 million, and no more than 4,000,000 shares, corresponding to 1.83% 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") (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules.

The following transactions have been recorded under the programme:

Trading day Accumulated trading for days 1-14		Trading platform	Number of shares bought back 674,052	Average transaction price 1,051.65	Amount DKK 708,863,926
15:	13 November 2023	AQEU	2,460	1,071.52
		CEUX	11,553	1,071.42
		TQEX	4,149	1,071.06
		XCSE	14,838	1,071.72
		Total	33,000	1,071.51	35,359,949
16:	14 November 2023	AQEU	2,472	1,063.70
		CEUX	7,905	1,063.25
		TQEX	2,954	1,061.51
		XCSE	15,393	1,062.57
		Total	28,724	1,062.75	30,526,307
17:	15 November 2023	AQEU	2,029	1,077.90
		CEUX	12,041	1,078.73
		TQEX	2,185	1,078.51
		XCSE	13,266	1,079.83
		Total	29,521	1,079.15	31,857,637
18:	16 November 2023	AQEU	2,307	1,081.22
		CEUX	7,684	1,080.73
		TQEX	1,378	1,081.00
		XCSE	18,631	1,080.47
		Total	30,000	1,080.61	32,418,447
19:	17 November 2023	AQEU	1,325	1,085.58
		CEUX	6,896	1,086.00
		TQEX	1,625	1,085.42
		XCSE	10,154	1,085.17
		Total	20,000	1,085.51	21,710,128
Accumulated trading for days 1-19			815,297	1,055.73	860,736,394

DSV A/S, Hovedgaden 630, 2640 Hedehusene, Denmark, tel. +45 43 20 30 40, CVR No. 58233528, www.dsv.com. DSV Group

We provide and manage supply chain solutions for thousands of companies every day – from the small family run business to the large global corporation. Our reach is global, yet our presence is local and close to our customers. Approximately 75,000 employees in more than 80 countries work passionately to deliver great customer experiences and high-quality services. Read more at www.dsv.com

After the disclosed transactions, DSV A/S holds a total of 8,995,447 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 4.11% of the total number of issued shares of 219,000,000.

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 A/S