TERMS FOR SHARE BUYBACK OF UP TO DKK 300M

10 Feb 2023 08:30 CET

COMPANY ANNOUNCEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE
OR IN PART), IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW
ZEALAND OR SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.


* DFDS launches a share buyback of up to DKK 300m with offer period expiring
on 21 February 2023

In view of DFDS' solid financial position and prospects, the Board of Directors
has decided to launch a share buyback of up to DKK 300m structured as an auction
process as previously announced in the Q4 2022 report.

The offer period is commencing today and will expire on 21 February 2023 at
16:00 CET.

Authorisation to complete buyback
The share buyback is launched pursuant to the authorisation given to the Board
of Directors by the annual general meeting on 23 March 2022 to allow the company
to acquire up to 5,860,000 treasury shares (9.99% of outstanding shares) during
the period until 23 March 2026. The company's holding of treasury shares can
never exceed 10% of outstanding shares.

DFDS currently holds 1,381,528 treasury shares (2.36% of outstanding shares) all
of which were purchased prior to 23 March 2022. Accordingly, the Board of
Directors may allow for the company to purchase an additional 4,481,629 treasury
shares (7.64% of outstanding shares).

Summary terms of the buyback
The share buyback is structured as an auction process that gives shareholders an
opportunity to sell shares to DFDS.

In accordance with the authorisation granted to the Board of Directors by the
general meeting on 23 March 2022, the purchase price for treasury shares cannot
deviate with more than 10% from share price quoted on Nasdaq Copenhagen at the
time of acquisition.

The final purchase price for the shares and the number of treasury shares to be
purchased by DFDS will be determined by the Board of Directors within the range
of DKK 245 and DKK 310 per share on the basis of the acceptance forms submitted
by shareholders during the offer period running from 10 February 2023 to 16:00
CET on 21 February 2023. Settlement of the acceptances received during this
period is expected to take place on 27 February 2023.

The maximum aggregate purchase price will be DKK 300m. The allocation principles
are set out in the complete terms and conditions for the share buyback.

Lauritzen Fonden Holding ApS, DFDS' largest shareholder, has confirmed to DFDS
its intention to sell a number of its shares in DFDS equal to 42.33% of the
total treasury shares to be purchased by DFDS under the share buyback. Lauritzen
Fonden Holding ApS' pro rata share corresponds to Lauritzen Fonden Holding ApS'
ownership stake in DFDS today.

DFDS has appointed Danske Bank as Lead Manager in connection with the buyback.

The complete terms and conditions for the share buyback are detailed in a
separate offer document dated 10 February 2023, including an acceptance form.
The offer document can, subject to certain restrictions, be downloaded today
from around 09.30am CET from www.dfds.com/en/about/investors/share-buyback-2023.


DISCLAIMER
This announcement and the information contained herein is not intended for
release, and must not be distributed or disseminated, directly or indirectly (in
whole or in part), in or into the United States, Canada, Japan, Australia, New
Zealand or South Africa or any jurisdiction in which such publication or
distribution would be unlawful. The share buyback offer referred to herein is
not and will not be made, directly or indirectly, to any persons physically
present in or resident of any such jurisdictions.

This announcement does not constitute or form part of an offer or a request to
sell or buy shares in DFDS A/S. The share buyback offer referred to herein will
be made solely on the terms and conditions set out in the offer document, which
can be downloaded at www.dfds.com/en/about/investors/share-buyback-2023
(http://www.dfds.com/en/about/investors/share-buyback-2023) from 10 February
2023.

SHAREHOLDERS IN DFDS A/S ARE ENCOURAGED TO READ THE OFFER DOCUMENT CAREFULLY AS
IT CONTAINS IMPORTANT INFORMATION REGARDING THE SHARE BUYBACK.



Contact

Torben Carlsen, CEO +45 33 42 32 01

Karina Deacon, CFO +45 33 42 33 42

Søren Brøndholt Nielsen, IR +45 33 42 33 59

Communications +45 31 16 28 47


About DFDS

DFDS provides ferry and transport services in and around Europe, generating
annual revenues of around DKK 27bn.

To over 10,000 freight customers, we deliver high reliability through ferry &
port terminal services and transport & logistics solutions.

For millions of passengers, we provide safe overnight and short sea ferry
services.

Our 11,500 employees are located on ferries, terminals, distribution centres,
and in offices across more than 20 countries. DFDS was founded in 1866,
headquartered in Copenhagen, and listed on Nasdaq Copenhagen.


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

581998_DFDS_NO_06_10_02_2023_SBB_TERMS.pdf