DSV

Transaction in Own Shares • Aug 1, 2023

SHARE BUYBACK IN DSV A/S

Company Announcement No. 1049

On 25 July 2023, we initiated a share buyback programme, as described in Company Announcement No. 1047. According to the programme, the company will in the period from 25 July 2023 until 23 October 2023 purchase own shares up to a maximum value of DKK 4,000 million, and no more than 5,000,000 shares, corresponding to 2.28% 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.

Trading day		Number of shares bought back	Average transaction price	Amount DKK
1:	25 July 2023	50,000	1,425.95	71,297,500
2:	26 July 2023	56,000	1,383.12	77,454,720
3:	27 July 2023	15,000	1,403.67	21,055,050
4:	28 July 2023	61,000	1,336.24	81,510,640
Accumulated trading for days 1-4		182,000	1,380.87	251,317,910

After the disclosed transactions, DSV A/S holds a total of 5,529,770 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 2.53% 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