DSV

Major Shareholding Notification • May 25, 2020

25 May 2020

MAJOR SHAREHOLDER ANNOUNCEMENT Company Announcement No. 831

Pursuant to section 30 of the Danish Capital Markets Act it is hereby announced that The Capital Group Companies, Inc. has informed DSV Panalpina A/S that Capital Group has increased its holding of shares and other financial instruments with similar economic effect in DSV Panalpina A/S to 11,506,866 shares, corresponding to 5.00% of the entire share capital and voting rights.

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

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