Currently, Dustin has two types of incentive programs.

The first type concerns long-term performance share plans for members of the Executive Management and other key employees in Dustin (“PSP”). The purpose of PSP is to ensure long-term commitment to the value growth in Dustin and to align the participants’ and the shareholders’ interests by for Dustin strategically important financial performance measures.

The second type concerns a warrant program for the CEO.

PSP 2023

PSP 2023 comprises no more than 825,000 ordinary Dustin shares. Within the scope of PSP 2023, the participants will be granted performance share awards entitling the participants to receive ordinary Dustin shares after a three-year vesting period ending after the disclosure of Dustin’s interim financial report for the period 1 September–30 November 2025.

In order to participate in PSP 2023, the employees are required to invest in ordinary Dustin shares and to allocate such shares to PSP 2023 (the “Investment Shares”). The maximum number of Investment Shares that each of the participants can allocate to PSP 2023 will correspond to approximately 7.5–10 per cent of the individual annual base salary.

Further information can be found in the notice to attend the Annual General Meeting 2021/22, item 18.

PSP 2024

PSP 2024 comprises no more than 8,900,000 ordinary Dustin shares. Within the scope of PSP 2024, the participants will be granted performance share awards entitling the participants to receive ordinary Dustin shares after a three-year vesting period ending after the disclosure of Dustin’s interim financial report for the period 1 September–30 November 2026.

In order to participate in PSP 2024, the employees are required to invest in ordinary Dustin shares and to allocate such shares to PSP 2024 (the “Investment Shares”). The maximum number of Investment Shares that each of the participants can allocate to PSP 2024 will correspond to approximately 7.5–10 per cent of the individual annual base salary.

Further information can be found in the notice to attend the Annual General Meeting 2022/23, item 17.

PSP 2025

PSP 2025 comprises no more than 3,100,000 ordinary Dustin shares. Within the scope of PSP 2025, the participants will be granted performance share awards entitling the participants to receive ordinary Dustin shares after a three-year vesting period ending after the disclosure of Dustin’s interim financial report for the period 1 September–30 November 2027.

In order to participate in PSP 2025, the employees are required to invest in ordinary Dustin shares and to allocate such shares to PSP 2025 (the “Investment Shares”). Participation in PSP 2025 can be made with a maximum of 12,400–80,200 Investment Shares, depending on the category to which the participant belongs.

Further information can be found in the notice to attend the Annual General Meeting 2023/24, item 18.

PSP 2026

PSP 2026 comprises no more than 15,679,000 ordinary Dustin shares. Within the scope of PSP 2026, the participants will be granted performance share awards entitling the participants to receive ordinary Dustin shares after a three-year vesting period ending after the disclosure of Dustin’s interim financial report for the period 1 September–30 November 2028.

In order to participate in PSP 2026, the employees are required to invest in ordinary Dustin shares and to allocate such shares to PSP 2026 (the “Investment Shares”). Participation in PSP 2026 can be made with a maximum of 71,000–338,000 Investment Shares, depending on the category to which the participant belongs.

Further information can be found in the notice to attend the Annual General Meeting 2024/25, item 17.

TO 2026

TO 2026 comprises a warrant program for the CEO based on no more than 6 821 233 warrants. Each warrant shall after the three-year vesting period entitle the holder to subscribe for one (1) share. TO 2026 has the same structure as the incentive program which was adopted at the Annual General Meeting 2020/21, with the change that no synthetic options are offered.

The main objective of TO 2026 is to link a portion of the CEO’s compensation to the Dustin share's long-term value growth, thereby aligning the interests of the employees with those of the shareholders.

Further information can be found in the notice to attend the Annual General Meeting 2024/25, item 18.