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DSV, 822 - SHARE BUYBACK IN DSV PANALPINA A/S

March 2, 2020 at 4:20 AM EST

Company Announcement No. 822

On 7 February 2020, we initiated a share buyback programme, as described in Company Announcement No. 816 of 7 February 2020. According to the programme, the company will in the period from 7 February 2020 to 30 July 2020 purchase own shares up to a maximum value of DKK 6,000,000,000 and no more than 9,800,000 shares, corresponding to 4.17% 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 1-11902,212 776.29 700,377,202
12:24 February 2020 105,000 731.06 76,761,300
13:25 February 2020 110,000 715.88 78,746,800
14:26 February 2020 110,000 691.27 76,039,700
15:27 February 2020 120,000 692.75 83,130,000
16:28 February 2020 120,000 675.99 81,118,800
Accumulated trading for days 1-161,467,212 747.11 1,096,173,802

As at today, DSV Panalpina A/S holds a total of 7,792,031 shares of a nominal value of DKK 1 in DSV Panalpina A/S, corresponding to 3.32% 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

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