DSV

Transaction in Own Shares • Dec 23, 2019

DSV, 808 - SHARE BUYBACK IN DSV PANALPINA A/S

DSV, 808 - SHARE BUYBACK IN DSV PANALPINA A/S

Company Announcement No. 808

On 11 November 2019, we initiated a share buyback programme, as described in Company Announcement No. 800 of 1 November 2019. According to the programme, the company will in the period from 11 November 2019 to 6 February 2020 purchase own shares up to a maximum value of DKK 2,500,000,000 and no more than 6,000,000 shares, corresponding to 2.55% 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 1-25			1,448,737		742.11		1,075,115,733
26:	16 December 2019		55,000		765.65		42,110,574
27:	17 December 2019		50,000		767.65		38,382,670
28:	18 December 2019		75,000		758.31		56,873,198
29:	19 December 2019		70,000		754.47		52,812,977
30:	20 December 2019		60,300		757.91		45,702,250
Accumulated trading for days 1-30			1,759,037		745.29		1,310,997,402

As at today, DSV Panalpina A/S holds a total of 6,044,861 shares of a nominal value of DKK 1 in DSV Panalpina A/S, corresponding to 2.57% of the total number of issued shares of 235,000,000.

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

• 808 - Announcement (23.12.2019) - Sharebuyback