(4.5.3) Please explain As part of determining the yearly share options grant, the Remuneration Committee applies a composite grant model consisting of both fixed and variable grant elements. The variable elements imply that additional share options can be either added or subtracted from a fixed grant baseline depending on whether certain performance conditions have been met as determined by the Board of Directors. Application of the variable grant element is intended to provide further incentives for the Executive Board to create shareholder value, while at the same time achieving sustainability- related targets in the context of DSV’s business operations. 50% adjustment to baseline grant may be applied if management in 2023 executes on establishing roadmap strategies intended to facilitate 2030 CO2 reduction targets set for the Group. [Fixed row] (4.5.1) Provide further details on the monetary incentives provided for the management of environmental issues (do not include the names of individuals). Climate change (4.5.1.1) Position entitled to monetary incentive Board or executive level ☑ Chief Executive Officer (CEO) (4.5.1.2) Incentives Select all that apply ☑ Shares (4.5.1.3) Performance metrics Targets ☑ Progress towards environmental targets Strategy and financial planning ☑ Other strategy and financial planning-related metrics, please specify : Adjustment to baseline grant may be applied if management in 2023 executes on establishing roadmap strategies intended to facilitate 2030 CO2 reduction targets set for the Group. 46
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