DSV, 851 - SHARE BUYBACK IN DSV PANALPINA A/S

Company Announcement No. 851

On 29 October 2020, we initiated a share buyback programme, as described in Company Announcement No. 842 of 29 October 2020. According to the programme, the company will in the period from 29 October 2020 to 30 April 2021 purchase own shares up to a maximum value of DKK 6,000,000,000 and no more than 12,000,000 shares, corresponding to 5.22% 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 1-32			1,705,837		1,021.03		1,741,707,417
33:	14. december 2020		22,000		976.34		21,479,506
34:	15. december 2020		29,582		982.24		29,056,627
35:	16. december 2020		25,000		995.34		24,883,593
36:	17. december 2020		42,000		999.70		41,987,245
37:	18. december 2020		11,887		1,020.40		12,129,466
Accumulated trading for days 1-37			1,836,306		1,019.03		1,871,243,854

As at today, DSV Panalpina A/S holds a total of 3,769,822 shares of a nominal value of DKK 1 in DSV Panalpina A/S, corresponding to 1.64% of the total number of issued shares of 230,000,000.

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

• 851 - Announcement (21.12.2020) - Sharebuyback