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At the DSV general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 7.3 for the following reasons:

Item 7.3: Proposed amendment on the remuneration policy

The policy permits discretionary bonus payments without disclosing the overarching criteria for performance. In addition, the policy includes a change of control clause in the long-term incentive program can deter value-creating takeovers. Folketrygdfondet decided therefore to vote against the proposed amendment.