DHL : List of Shareholdings 2023

List of shareholdings					Page 1 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
Affiliated Companies included in the Consolidated Financial Statements
Europe
ABIS GmbH 6), 9)	Germany, Frankfurt/Main	100.00	EUR	128	0
Agheera GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
Airmail Center Frankfurt GmbH 9)	Germany, Frankfurt/Main	100.00	EUR	7,143	1,780
ALTBERG GmbH 6), 9)	Germany, Bonn	94.50	EUR	50	0
Albert Scheid GmbH 6), 9)	Germany, Cologne	100.00	EUR	1,022	0
AO DHL International	Russia, Moscow	100.00	EUR	11,978	7,340
Betreibergesellschaft Verteilzentrum GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
Blue Eagle Consolidation Services GmbH	Germany, Mainz	100.00	EUR	60	1
Braid Group (Holdings) Limited	United Kingdom, Renfrew	100.00	EUR	22,390	257
Braid Logistics (UK) Limited	United Kingdom, Renfrew	100.00	EUR	31,084	-2,599
Danmar Lines AG	Switzerland, Basel	100.00	EUR	32,659	-1,721
Danzas Deutschland Holding GmbH 6), 9)	Germany, Frankfurt/Main	100.00	EUR	265,025	0
Danzas Fashion Service Centers B.V.	Netherlands, Waalwijk	100.00	EUR	831	32
Danzas Grundstücksverwaltung Frankfurt GmbH 6), 9)	Germany, Frankfurt/Main	100.00	EUR	22,679	0
Danzas Holding AG	Switzerland, Basel	100.00	EUR	256,298	136,471
Danzas Verwaltungs GmbH 9)	Germany, Frankfurt/Main	100.00	EUR	8,928	4,582
Danzas, S.L.	Spain, San Sebastián	100.00	EUR	780,179	65,179
Deutsche Post (Komerca) Limited	Ireland, Dublin	100.00	EUR	2,604	53
Deutsche Post Adress Beteiligungsgesellschaft mbH 6), 9)	Germany, Bonn	100.00	EUR	416	0
Deutsche Post Adress Geschäftsführungs GmbH	Germany, Bonn	51.00	EUR	-13	-32
Deutsche Post Adress GmbH & Co. KG 14)	Germany, Bonn	51.00	EUR	20,811	17,032
Deutsche Post Assekuranz Vermittlungs GmbH 6), 9)	Germany, Bonn	100.00	EUR	632,760	0
Deutsche Post Beteiligungen Holding GmbH 6), 9)	Germany, Bonn	100.00	EUR	12,089,500	0
Deutsche Post Customer Service Center GmbH 6), 9)	Germany, Dusseldorf	100.00	EUR	43	0
Deutsche Post DHL Corporate Real Estate Management GmbH & Co. Logistikzentren KG 14)	Germany, Bonn	100.00	EUR	42,335	2,059
Deutsche Post DHL Corporate Real Estate Management GmbH & Co. Objekt Weißenhorn KG 8), 9)	Germany, Bonn	100.00	EUR	0	0
Deutsche Post DHL Express Holding GmbH 6), 9)	Germany, Bonn	100.00	EUR	8,843,025	0
Deutsche Post DHL Facility Management Deutschland GmbH	Germany, Bonn	51.00	EUR	4,062	532
Deutsche Post DHL Real Estate Deutschland GmbH 6), 9)	Germany, Bonn	100.00	EUR	51	0
Deutsche Post DHL Research and Innovation GmbH 6), 9)	Germany, Bonn	100.00	EUR	7,500	0
Deutsche Post Dialog Solutions GmbH 6), 9)	Germany, Bonn	100.00	EUR	1,126	0
Deutsche Post Direkt GmbH 6), 9)	Germany, Bonn	100.00	EUR	60	0
Deutsche Post E-POST Solutions GmbH 6), 9)	Germany, Bonn	100.00	EUR	13,792	0
Deutsche Post Fleet GmbH 6), 9)	Germany, Bonn	100.00	EUR	511,115	0
Deutsche Post Global Mail (France) SAS	France, Issy-les-Moulineaux	100.00	EUR	5,706	-971
Deutsche Post Global Mail (Netherlands) B. V.	Netherlands, Utrecht	100.00	EUR	6,607	1,233
Deutsche Post Global Mail (UK) Limited	United Kingdom, Langley	100.00	EUR	73,189	15,194
Deutsche Post Immobilien GmbH 6), 9)	Germany, Bonn	100.00	EUR	6,025	0
Deutsche Post InHaus Services GmbH 6), 9)	Germany, Bonn	100.00	EUR	1,534	0
Deutsche Post International B.V.	Netherlands, Amsterdam	100.00	EUR	11,014,432	701,046
Deutsche Post Investments GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
Deutsche Post IT Services GmbH 6), 9)	Germany, Bonn	100.00	EUR	39,254	0
Deutsche Post Mobility GmbH 6), 9)	Germany, Bonn	100.00	EUR	6,055	0
Deutsche Post Reinsurance S.A.	Luxembourg, Luxembourg	100.00	EUR	29,073	-79
Deutsche Post Shop Essen GmbH 6), 9)	Germany, Essen	100.00	EUR	25	0
Deutsche Post Shop Hannover GmbH 6), 9)	Germany, Hanover	100.00	EUR	25	0
Deutsche Post Shop München GmbH 6), 9)	Germany, Munich	100.00	EUR	25	0
Deutsche Post Transport GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL (Cyprus) Ltd.	Cyprus, Nikosia	100.00	EUR	5,245	724
DHL 2-Mann-Handling GmbH 6), 9)	Germany, Bonn	100.00	EUR	616	591
DHL Air (Austria) GmbH	Austria, Vienna	100.00	EUR	11,802	6,235
DHL Air Limited	United Kingdom, Hounslow	100.00	EUR	273,371	22,644
DHL AirWays GmbH 6), 9)	Germany, Cologne	100.00	EUR	25	0
DHL Automotive GmbH 6), 9)	Germany, Hamburg	100.00	EUR	4,091	0
DHL Automotive Offenau GmbH 6), 9)	Germany, Bonn	100.00	EUR	275	0
DHL Automotive s.r.o.	Czech Republic, Neprevazka	100.00	EUR	2,976	-1,892
DHL Aviation (France) SAS	France, Le Bourget	100.00	EUR	7,319	571
DHL Aviation (Netherlands) B.V.	Netherlands, Haarlemmermeer	100.00	EUR	-29,629	6,333
DHL Aviation (UK) Limited	United Kingdom, Hounslow	100.00	EUR	56,785	11,344
DHL Aviation NV/SA	Belgium, Steenokkerzeel	100.00	EUR	52,797	8,737
DHL Consulting GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL Copenhagen HUB Denmark A/S	Denmark, Kastrup	100.00	EUR	10	-96
DHL Data & Analytics GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL Distribution Holdings (UK) Limited	United Kingdom, Hounslow	100.00	EUR	200,637	63,164
DHL eCommerce (Belgium) NV	Belgium, Ternat	100.00	EUR	15,687	3,398
DHL eCommerce (Services) B.V.	Netherlands, Utrecht	100.00	EUR	142,498	41,394
DHL eCommerce (Netherlands) B.V.	Netherlands, Utrecht	100.00	EUR	159,803	50,637
DHL eCommerce Nordic AB	Sweden, Stockholm	100.00	EUR	20,762	10,239
DHL eCommerce UK Limited	United Kingdom, Slough	100.00	EUR	47,505	-12,783
DHL Ekspres (Slovenija), d.o.o.	Slovenia, Trzin	100.00	EUR	2,753	1,048
DHL Exel Slovakia, s.r.o.	Slovakia, Senec	100.00	EUR	1,391	634
DHL Exel Supply Chain (Poland) Sp. z o.o.	Poland, Warsaw	100.00	EUR	-13,378	-4,417
DHL Exel Supply Chain (Spain), S.L.U.	Spain, San Fernando de Henares	100.00	EUR	37,857	13,060
DHL Exel Supply Chain Limited	United Kingdom, Milton Keynes	100.00	EUR	0	0
DHL Exel Supply Chain Portugal, S.A.	Portugal, Alverca	100.00	EUR	160	-572
DHL Exel Supply Chain Trade (Poland) Sp. z o.o.	Poland, Warsaw	100.00	EUR	3,575	418
DHL Express (Austria) GmbH	Austria, Guntramsdorf	100.00	EUR	29,040	10,734
DHL Express (Czech Republic) s.r.o.	Czech Republic, Ostrava	100.00	EUR	7,369	4,849
DHL Express (Denmark) A/S	Denmark, Broendby	100.00	EUR	80,482	6,916
DHL Express (Finland) Oy	Finland, Helsinki	100.00	EUR	15,314	4,082
DHL Express (Hellas) S.A.	Greece, Athens	100.00	EUR	13,046	2,940
DHL Express (Iceland) EHF	Iceland, Reykjavik	100.00	EUR	7,462	1,826
DHL Express (Ireland) Ltd.	Ireland, Dublin	100.00	EUR	31,053	7,736
DHL Express (Italy) S.r.l.	Italy, Peschiera Borromeo	100.00	EUR	153,985	45,055
DHL Express (Luxembourg) S.A.	Luxembourg, Contern	100.00	EUR	6,298	947
DHL Express (Netherlands) B.V.	Netherlands, The Hague	100.00	EUR	104,665	25,182
DHL Express (Norway) AS	Norway, Oslo	100.00	EUR	29,288	6,101
DHL Express (Poland) Sp. z o.o.	Poland, Warsaw	100.00	EUR	19,406	6,439
DHL Express (Schweiz) AG	Switzerland, Basel	100.00	EUR	24,219	17,516

List of shareholdings					Page 2 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
DHL Express (Slovakia), spol. s r. o.	Slovakia, Bratislava	100.00	EUR	3,358	1,561
DHL Express (Sweden) AB	Sweden, Stockholm	100.00	EUR	18,892	9,807
DHL Express (UK) Limited	United Kingdom, Hounslow	100.00	EUR	3,769	-1,552
DHL Express Bulgaria EOOD	Bulgaria, Sofia	100.00	EUR	3,484	2,011
DHL Express Customer Service GmbH 6), 9)	Germany, Monheim am Rhein	100.00	EUR	25	0
DHL Express Estonia AS	Estonia, Tallinn	100.00	EUR	10,353	1,266
DHL Express Germany GmbH 6), 9)	Germany, Bonn	100.00	EUR	6,618	0
DHL Express Hungary Forwarding and Services LLC	Hungary, Budapest	100.00	EUR	5,470	3,720
DHL Express Latvia SIA	Latvia, Marupe	100.00	EUR	3,631	828
DHL Express Macedonia d.o.o.e.l.	Macedonia, Skopje	100.00	EUR	1,588	109
DHL Express Network Management GmbH 6), 9)	Germany, Schkeuditz	100.00	EUR	25	0
DHL Express Portugal, Lda.	Portugal, Moreira da Maia	100.00	EUR	15,967	2,442
DHL Express Spain S.L.	Spain, Madrid	100.00	EUR	53,698	15,190
DHL Fastighet X AB	Sweden, Solna	100.00	EUR	358	-7
DHL Finance Services B.V.	Netherlands, Maastricht	100.00	EUR	8,340	2,353
DHL FoodLogistics GmbH 6), 9)	Germany, Cologne	100.00	EUR	258	0
DHL Freight (Belgium) NV	Belgium, Kontich	100.00	EUR	892	-2,025
DHL Freight (France) SAS	France, Marne-la-Vallée	100.00	EUR	6,766	3,982
DHL Freight (Netherlands) B.V.	Netherlands, Tiel	100.00	EUR	-51,258	-3,818
DHL Freight (Sweden) AB	Sweden, Solna	100.00	EUR	116,960	51,085
DHL Freight CZ s.r.o.	Czech Republic, Ostrava	100.00	EUR	5,794	1,175
DHL Freight d.o.o.	Croatia, Zagreb	100.00	EUR	1,683	95
DHL FREIGHT d.o.o. Belgrade	Serbia, Belgrade	100.00	EUR	3,473	652
DHL Freight Denmark A/S	Denmark, Brondby	100.00	EUR	5,096	-686
DHL Freight Finland Oy	Finland, Helsinki	100.00	EUR	6,212	1,404
DHL Freight Germany Holding GmbH	Germany, Bonn	100.00	EUR	165,292	30,062
DHL Freight GmbH 6), 9)	Germany, Bonn	100.00	EUR	10,752	0
DHL Freight Grundstücksverwaltungs GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL Gertner International GmbH	Germany, Altentreptow	100.00	EUR	0	0
DHL Freight Hungary Forwarding and Logistics LLC	Hungary, Budapest	100.00	EUR	9,244	3,528
DHL Freight Portugal, Unipessoal Lda.	Spain, Maia	100.00	EUR	636	-241
DHL Freight Romania S.R.L.	Romania, Bucharest	100.00	EUR	937	927
DHL Freight Slovakia, s.r.o.	Slovakia, Bratislava	100.00	EUR	1,103	728
DHL Freight Spain, S.L.	Spain, Coslada	100.00	EUR	12,200	2,042
DHL GBS (UK) Limited	United Kingdom, Milton Keynes	100.00	EUR	18,576	3,295
DHL Global Event Logistics GmbH 6), 9)	Germany, Cologne	100.00	EUR	607	0
DHL Global Forwarding (Austria) GmbH	Austria, Fischamend	100.00	EUR	25,802	5,011
DHL Global Forwarding (Belgium) NV	Belgium, Machelen	100.00	EUR	42,043	9,187
DHL Global Forwarding (CZ) s.r.o.	Czech Republic, Prague	100.00	EUR	20,385	4,432
DHL Global Forwarding (Denmark) A/S	Denmark, Kastrup	100.00	EUR	31,349	10,257
DHL Global Forwarding (Finland) Oy	Finland, Vantaa	100.00	EUR	21,222	4,347
DHL Global Forwarding (France) SAS	France, Villepinte	100.00	EUR	53,931	23,002
DHL Global Forwarding (Ireland) Limited	Ireland, Dublin	100.00	EUR	39,631	15,696
DHL Global Forwarding (Italy) S.p.A.	Italy, Pozzuolo Martesana	100.00	EUR	54,630	31,428
DHL Global Forwarding (Luxembourg) S.A.	Luxembourg, Luxembourg	100.00	EUR	3,609	400
DHL Global Forwarding (Netherlands) B.V.	Netherlands, Hoofddorp	100.00	EUR	111,690	21,119
DHL Global Forwarding (Norway) AS	Norway, Skedsmokorset	100.00	EUR	10,868	967
DHL Global Forwarding (Slovakia) s. r. o.	Slovakia, Senec	100.00	EUR	2,027	2,043
DHL Global Forwarding (Sweden) AB	Sweden, Stockholm	100.00	EUR	48,313	14,217
DHL Global Forwarding (UK) Limited	United Kingdom, Chertsey	100.00	EUR	237,259	54,377
DHL Global Forwarding Customs, LLC	Russia, Moscow	100.00	EUR	134	167
DHL Global Forwarding d.o.o.	Croatia, Zagreb	100.00	EUR	3,851	-368
DHL Global Forwarding d.o.o. Belgrade	Serbia, Belgrade	100.00	EUR	1,648	827
DHL Global Forwarding GmbH 6), 9)	Germany, Frankfurt/Main	100.00	EUR	7,242	0
DHL Global Forwarding Hellas S.A. of International Transportation and Logistics	Greece, Piraeus	100.00	EUR	9,879	982
DHL Global Forwarding Hungary Kft.	Hungary, Budapest	100.00	EUR	12,879	7,273
DHL Global Forwarding LLC	Russia, Khimki	100.00	EUR	7,154	10,405
DHL Global Forwarding Management GmbH 6), 9)	Germany, Bonn	100.00	EUR	13,359	0
DHL Global Forwarding Portugal, Lda.	Portugal, Moreira da Maia	100.00	EUR	9,628	1,046
DHL Global Forwarding Sp. z o.o.	Poland, Warsaw	100.00	EUR	11,097	12,934
DHL Global Forwarding Spain, S.L.	Spain, Madrid	100.00	EUR	31,221	18,550
DHL GLOBAL FORWARDING, logistika, d. o. o.	Slovenia, Brnik	100.00	EUR	8,255	1,312
DHL Global Management GmbH 6), 9)	Germany, Bonn	100.00	EUR	7,818,590	0
DHL Global Match (Belgium) N.V.	Belgium, Loncin	100.00	EUR	-1,965	-1,243
DHL Global Match (UK) Limited	United Kingdom, Langley	100.00	EUR	1,205	2,082
DHL Grundstücksverwaltungsgesellschaft Köln-Eifeltor mbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL Hauptvogel International GmbH 9)	Germany, Klipphausen	51.00	EUR	537	417
DHL Holding (France) SAS	France, Le Bourget	100.00	EUR	414,270	80,339
DHL Holding (Italy) S.r.l.	Italy, Peschiera Borromeo	100.00	EUR	651,700	133,326
DHL Holdings (Ireland) Ltd.	Ireland, Dublin	100.00	EUR	1	0
DHL Home Delivery GmbH 6), 9)	Germany, Bonn	100.00	EUR	5,179	0
DHL Hub Leipzig GmbH 6), 9)	Germany, Leipzig	100.00	EUR	25	0
DHL Information Services (Europe) s.r.o.	Czech Republic, Prague	100.00	EUR	95,681	16,309
DHL International (Albania) Ltd.	Albania, Tirana	100.00	EUR	573	268
DHL International (Ireland) Ltd.	Ireland, Dublin	100.00	EUR	1,137	28
DHL International (Romania) S.R.L.	Romania, Bucharest	100.00	EUR	9,229	2,522
DHL International (UK) Limited	United Kingdom, Hounslow	100.00	EUR	143,054	61,810
DHL International d.o.o.	Croatia, Zagreb	100.00	EUR	3,125	794
DHL International d.o.o. Sarajevo	Bosnia and Herzegovina, Sarajevo	100.00	EUR	1,308	208
DHL International Express (France) SAS	France, Le Bourget	100.00	EUR	55,257	30,691
DHL International GmbH 6), 9)	Germany, Bonn	100.00	EUR	1,353,453	0
DHL International Ltd.	Malta, Luqa	100.00	EUR	2,106	406
DHL International NV/SA	Belgium, Diegem	100.00	EUR	18,593	11,432
DHL International Ukraine JSC	Ukraine, Kiev	100.00	EUR	4,448	1,038
DHL Kontraktlogistik GmbH	Austria, Vienna	100.00	EUR	769	299
DHL Leupold International GmbH	Germany, Oberkotzau	51.00	EUR	943	156
DHL Logistics (Schweiz) AG	Switzerland, Basel	100.00	EUR	52,615	4,331
DHL Logistics (Slovakia), spol. s r.o.	Slovakia, Senec	100.00	EUR	11,242	1,750
DHL Logistics (Ukraine) Ltd.	Ukraine, Kiev	100.00	EUR	1,119	-206
DHL Logistics Bulgaria EOOD	Bulgaria, Sofia	100.00	EUR	2,942	324
DHL Logistics Estonia OÜ	Estonia, Tallinn	100.00	EUR	10,756	939
DHL Logistics Lietuva UAB	Lithuania, Vilnius	100.00	EUR	8,497	1,104
DHL Logistics OOO	Russia, Khimki	100.00	EUR	-2,238	-4,620
DHL Logistics S.R.L.	Romania, Bucharest	100.00	EUR	11,002	4,312

List of shareholdings					Page 3 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
DHL Logistik Service GmbH	Austria, Vienna	100.00	EUR	-181	-496
DHL Luxury Forwarding (France) SAS	France, Tremblay-en-France	100.00	EUR	2,666	2,567
DHL Management (Schweiz) AG	Switzerland, Basel	100.00	EUR	31,816	-2,237
DHL Management Services Limited	United Kingdom, Hounslow	100.00	EUR	139	111
DHL MEÐUNARODNI VAZDUŠNI EKSPRES DOO BEOGRAD	Serbia, Belgrade	100.00	EUR	5,418	1,005
DHL Nordic AB	Sweden, Solna	100.00	EUR	125,137	-2,330
DHL Paket (Austria) GmbH	Austria, Vienna	100.00	EUR	12,233	4,551
DHL Paket GmbH 6), 9)	Germany, Bonn	100.00	EUR	45,000	0
DHL Parcel (Speedpack) NV	Belgium, Brussels	100.00	EUR	-5,180	-11,346
DHL Parcel (Switzerland) AG	Switzerland, Pratteln	100.00	EUR	10,268	2,830
DHL Parcel Iberia S.L.	Spain, San Sebastián	100.00	EUR	133,202	2,907
DHL Parcel Polska Sp. z o.o.	Poland, Warsaw	100.00	EUR	71,240	-2,140
DHL Parcel Portugal, Unipessoal Lda.	Portugal, Lisboa	100.00	EUR	6,561	341
DHL Parcel Slovensko spol. s r.o.	Slovakia, Bratislava	100.00	EUR	770	19
DHL Parcel UK Holding Limited	United Kingdom, Slough	100.00	EUR	-36,338	-16,208
DHL Real Estate (UK) Limited	United Kingdom, Milton Keynes	100.00	EUR	48,253	9,696
DHL Service Central SARL	France, La Plaine Saint-Denis	100.00	EUR	-371	-759
DHL Services Limited	United Kingdom, Milton Keynes	100.00	EUR	293,239	33,106
DHL Services Logistiques SAS	France, La Plaine Saint-Denis	100.00	EUR	-4,871	-189
DHL Solutions (France) SAS	France, La Plaine Saint-Denis	100.00	EUR	12,446	1,705
DHL Solutions GmbH 6), 9)	Germany, Hamburg	100.00	EUR	9,240	0
DHL Solutions k.s.	Czech Republic, Ostrava	100.00	EUR	11,267	7,149
DHL Sorting Center GmbH 6), 9)	Germany, Bonn	100.00	EUR	2,825	2,800
DHL Supply Chain (Belgium) NV	Belgium, Mechelen	100.00	EUR	2,522	3,878
DHL Supply Chain (Denmark) A/S	Denmark, Greve	100.00	EUR	-13,677	2,671
DHL Supply Chain (Finland) Oy	Finland, Vantaa	100.00	EUR	16,208	1,840
DHL Supply Chain (Ireland) Limited	Ireland, Dublin	100.00	EUR	35,263	1,080
DHL Supply Chain (Italy) S.p.A.	Italy, Milan	100.00	EUR	87,474	-2,441
DHL Supply Chain (Leipzig) GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL Supply Chain (Netherlands) B.V.	Netherlands, Utrecht	100.00	EUR	93,317	90,620
DHL Supply Chain (Norway) AS	Norway, Skedsmokorset	100.00	EUR	9,637	6,142
DHL Supply Chain (Poland) Sp. z o.o.	Poland, Warsaw	100.00	EUR	-663	-881
DHL Supply Chain (Slovakia) s.r.o.	Slovakia, Senec	100.00	EUR	1,147	545
DHL Supply Chain (Sweden) AB	Sweden, Stockholm	100.00	EUR	8,284	3,292
DHL Supply Chain (Sweden) Holding AB	Sweden, Stockholm	100.00	EUR	5	0
DHL Supply Chain (Sweden) Plot AB	Sweden, Stockholm	100.00	EUR	5	0
DHL Supply Chain eCommerce (Netherlands) B.V.	Netherlands, Eindhoven	100.00	EUR	-	-
DHL Supply Chain Hungary Limited	Hungary, Ullo	100.00	EUR	721	1,515
DHL Supply Chain International Limited	United Kingdom, Bracknell	100.00	EUR	9,864	700
DHL Supply Chain Limited	United Kingdom, Milton Keynes	100.00	EUR	885,317	38,309
DHL Supply Chain Management B.V.	Netherlands, Schiphol	100.00	EUR	13,009	3,302
DHL Supply Chain Management GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL Supply Chain Operations GmbH 6), 9)	Germany, Bonn	100.00	EUR	21,779	0
DHL Supply Chain VAS GmbH 6), 9)	Germany, Bonn	100.00	EUR	25	0
DHL Supply Chain, s.r.o.	Czech Republic, Pohořelice	100.00	EUR	21,718	5,343
DHL Trade Fairs and Events (UK) Limited	United Kingdom, Birmingham	100.00	EUR	1,709	721
DHL Voigt International GmbH	Germany, Neumuenster	51.00	EUR	1,883	1,780
DHL Wahl International GmbH	Germany, Bielefeld	51.00	EUR	723	145
DHL Worldwide Express Logistics NV/SA	Belgium, Diegem	100.00	EUR	27,532	2,240
DHL Worldwide Network NV/SA	Belgium, Diegem	100.00	EUR	7,802	3,471
DigiHaul Limited	United Kingdom, Hatfield	100.00	EUR	-20,125	-6,750
Digihaul Spain, S.L.	Spain, Madrid	100.00	EUR	3	0
DZ Specialties B.V.	Netherlands, Maastricht	100.00	EUR	433,890	25,200
Erste End of Runway Development Leipzig GmbH 6), 9)	Germany, Cologne	100.00	EUR	25	0
Erste Logistik Entwicklungsgesellschaft MG GmbH 6), 9)	Germany, Hanover	100.00	EUR	25	0
Eurodifarm S.r.l.	Italy, Casalmaiocco (Lodi)	100.00	EUR	27,575	2,374
European Air Transport Leipzig GmbH 6), 9)	Germany, Schkeuditz	100.00	EUR	1,798	0
Exel France SA	France, La Plaine Saint-Denis	100.00	EUR	93,128	1,102
Exel Group Holdings (Nederland) B.V.	Netherlands, Veghel	100.00	EUR	42,073	-149
Exel Holdings Limited	United Kingdom, Milton Keynes	100.00	EUR	708,930	2,757
Exel International Holdings (Netherlands 1) B.V.	Netherlands, Veghel	100.00	EUR	690,565	8
Exel International Holdings (Netherlands 2) B.V.	Netherlands, Veghel	100.00	EUR	878,301	59,612
Exel Investments Limited	United Kingdom, Milton Keynes	100.00	EUR	207,475	84,306
Exel Investments Netherlands B.V.	Netherlands, Veghel	100.00	EUR	-3,403	1,349
Exel Limited	United Kingdom, Milton Keynes	100.00	EUR	1,138,922	11,023
Exel Logistics Property Limited	United Kingdom, Milton Keynes	100.00	EUR	23,427	5,175
Exel Overseas Limited	United Kingdom, Milton Keynes	100.00	EUR	361,619	44,757
Exel UK Limited	United Kingdom, Milton Keynes	100.00	EUR	44,953	2,718
F.X. Coughlin B.V.	Netherlands, Duiven	100.00	EUR	7,538	524
FACT Danmark A/S	Denmark, Kastrup	100.00	EUR	5,671	1,030
Frio Norte Logistics, S.L.	Spain, Madrid	100.00	EUR	464	360
Gerlach & Co Internationale Expediteurs B.V.	Netherlands, Venlo	100.00	EUR	10,607	4,926
Gerlach & Co. NV	Belgium, Antwerp	100.00	EUR	9,546	1,918
Gerlach AG	Switzerland, Basel	100.00	EUR	8,598	7,891
Gerlach Customs Services UK Limited	United Kingdom, Dover	100.00	EUR	9,047	2,682
Gerlach Customs Services EOOD	Bulgaria, Sofia	100.00	EUR	554	30
Gerlach European Customs Services, spol. s r.o.	Slovakia, Senec	100.00	EUR	1,001	331
Gerlach European Services S.R.L.	Romania, Bucharest	100.00	EUR	1,219	233
Gerlach Sp. z o.o.	Poland, Dabrowa	100.00	EUR	3,010	737
GERLACH spol. s r.o.	Czech Republic, Rudna u Prahy	100.00	EUR	5,891	5,290
Gerlach Sweden AB	Sweden, Solna	100.00	EUR	2,320	1,097
Gerlach Zolldienste GmbH 6), 9)	Germany, Düsseldorf	100.00	EUR	102	0
Global Equipment Logistics Ltd.	United Kingdom, West Thurrock	100.00	EUR	-2,777	-1,111
Hillebrand Bulk Logistics Limited	United Kingdom, Southampton	100.00	EUR	77,484	4,268
Hillebrand Gori (Portugal) - Transitarios, Sociedade Unipessoal, Lda.	Portugal, Matosinhos	100.00	EUR	-10,923	188
Hillebrand Gori Baltic SIA	Latvia, Riga	100.00	EUR	384	62
Hillebrand Gori Benelux B.V.	Netherlands, Rotterdam	100.00	EUR	8,394	4,988
Hillebrand Gori Benelux Holding B.V.	Netherlands, Haarlem	100.00	EUR	-732	-58
Hillebrand Gori Bulgaria Ltd.	Bulgaria, Sofia	100.00	EUR	800	162
Hillebrand Gori Central Europe GmbH	Austria, Vienna	100.00	EUR	2,519	533
Hillebrand Gori Finland Oy	Finland, Helsinki	100.00	EUR	200	18
Hillebrand Gori France S.A.S.	France, Beaune	100.00	EUR	110,449	8,322
Hillebrand Gori Germany GmbH	Germany, Mainz	100.00	EUR	4,359	1,993
Hillebrand Gori Group GmbH	Germany, Mainz	100.00	EUR	181,289	16,542

List of shareholdings					Page 4 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
Hillebrand Gori IT B.V.	Netherlands, Haarlem	100.00	EUR	2,405	456
Hillebrand GORI Italy S.r.l.	Italy, Collesalvetti (Livorno)	100.00	EUR	97,642	15,064
Hillebrand Gori Poland Sp. z o.o.	Poland, Gdynia	100.00	EUR	3,004	-527
Hillebrand Gori Scandinavia A/S	Denmark, Gentofte	100.00	EUR	3,598	1,316
Hillebrand Gori Scotland Ltd.	United Kingdom, Glasgow	100.00	EUR	-1,629	2,598
Hillebrand Gori Spain S.A.	Spain, Barcelona	100.00	EUR	25,390	7,328
Hillebrand Gori Sverige AB	Sweden, Stockholm	100.00	EUR	18	15
Hillebrand Gori Supply Chain Management B.V.	Netherlands, Haarlem	100.00	EUR	1,289	576
Hillebrand Gori UK Ltd.	United Kingdom, West Thurrock	100.00	EUR	1,764	7,231
Hull, Blyth (Angola) Limited	United Kingdom, Bracknell	100.00	EUR	-4,662	-714
Hyperion Properties Limited 5)	United Kingdom, Milton Keynes	100.00	EUR	0	0
it4logistics GmbH 6), 9)	Germany, Potsdam	100.00	EUR	792	517
J.F. Hillebrand (Ireland) Ltd.	Ireland, Dublin	100.00	EUR	5,632	1,562
JF Hillebrand (1983) Limited	United Kingdom, Grays	100.00	EUR	15,012	0
JF Hillebrand Israel Ltd	Israel, Tel Aviv	100.00	EUR	4	10
JF Hillebrand Limited	Ireland, Dublin	100.00	EUR	9,773	1,425
JF Hillebrand Russia OOO	Russia, Moscow	100.00	EUR	251	21
JFH Group Management Services SARL	France, Beaune	100.00	EUR	-63	102
Joint Retail Logistics Limited 5)	United Kingdom, Milton Keynes	100.00	EUR	0	0
Karukera Transit SAS	France, Baie-Mahault	100.00	EUR	1,591	19
LLC DHL Express	Russia, Khimki	100.00	EUR	791	2,347
Luftfrachtsicherheit-Service GmbH 7b), 9)	Germany, Frankfurt/Main	50.00	EUR	1,024	358
Manton Wood Management Company Limited	United Kingdom, Milton Keynes	100.00	EUR	24	8
McGregor Cory Limited	United Kingdom, Milton Keynes	100.00	EUR	30,869	6,669
Meerendonk B.V.	Netherlands, Rotterdam	100.00	EUR	424	104
Meerendonk Belgie NV	Belgium, Antwerpen	100.00	EUR	427	-16
Meerendonk Holding B.V.	Netherlands, Ridderkerk	100.00	EUR	271	-18
Mitradiopharma S.r.l.	Italy, Milan	100.00	EUR	4,100	1,836
Mitsafetrans S.r.l.	Italy, Milan	100.00	EUR	24,696	5,560
Monta Holding B.V.	Netherlands, Bavel	51.00	EUR	29,274	-1,521
Monta Services B.V.	Netherlands, Gorinchem	100.00	EUR	11,465	3,690
Monta Packaging B.V.	Netherlands, Gorinchem	100.00	EUR	318	-50
Monta Gorinchem Papland B.V.	Netherlands, Gorinchem	100.00	EUR	2,338	1,013
Monta Lelystad B.V.	Netherlands, Lelystad	100.00	EUR	1,668	393
Monta Oud Gastel B.V	Netherlands, Oud Gastel	100.00	EUR	2,256	961
Monta Molenaarsgraaf B.V.	Netherlands, Molenaarsgraaf	100.00	EUR	931	530
Monta Oosterhout B.V.	Netherlands, Oosterhout	100.00	EUR	1,416	641
Monta Veen B.V.	Netherlands, Veen	100.00	EUR	-30	-41
Monta Waspik B.V.	Netherlands, Waspik	100.00	EUR	1,417	750
Monta Den Bosch B.V.	Netherlands, Den Bosch	100.00	EUR	158	-166
Monta Breda B.V.	Netherlands, Breda	100.00	EUR	1,325	670
Monta Gorinchem Weide B.V.	Netherlands, Gorinchem	100.00	EUR	989	741
Monta Gorinchem Edisonweg B.V.	Netherlands, Gorinchem	100.00	EUR	431	33
Montapacking Oosterhout XL B.V.	Netherlands, Oosterhout	100.00	EUR	-43	-312
Monta Platform B.V.	Netherlands, Gorinchem	100.00	EUR	1,719	1,097
Montapacking 17 B.V.	Netherlands, Gorinchem	100.00	EUR	4	-5
Monta Enschede B.V.	Netherlands, Enschede	100.00	EUR	894	451
Monta TWI B.V.	Netherlands, Nieuwveen	100.00	EUR	563	54
Monta Nieuwveen B.V.	Netherlands, Nieuwveen	100.00	EUR	429	452
Monta Krefeld GmbH	Germany, Krefeld	100.00	EUR	-331	-406
NFC International Holdings (Ireland)	Ireland, Dublin	100.00	EUR	37,836	0
Ocean Overseas Holdings Limited	United Kingdom, Milton Keynes	100.00	EUR	391,752	103,158
Pharma Logistics B.V.	Netherlands, Rotterdam	100.00	EUR	857	44
Pharma Logistics NV	Belgium, Mechelen	100.00	EUR	10,517	-4,423
Power Europe Operating Limited	United Kingdom, Milton Keynes	100.00	EUR	0	0
PPL CZ s.r.o.	Czech Republic, Říčany	100.00	EUR	143,943	9,938
Proflex Packaging Co Ltd	United Kingdom, Stockton On Tees	100.00	EUR	2,395	174
Pro-Flex Packaging Europe Ltd	United Kingdom, Stockton On Tees	100.00	EUR	63	0
RISER ID Services GmbH 9)	Germany, Berlin	100.00	EUR	2,559	2,330
Saloodo! GmbH 6), 9)	Germany, Bonn	100.00	EUR	3,454	429
Scherbauer Spedition GmbH 6), 7b), 9)	Germany, Neutraubling	50.00	EUR	5,880	923
SIA DHL Logistics Latvia	Latvia, Marupe	100.00	EUR	482	-115
StarBroker AG	Switzerland, Basel	100.00	EUR	7,325	-6,322
Stodstorp AB	Sweden, Stockholm	100.00	EUR	5	0
StreetScooter GmbH 6), 9)	Germany, Aachen	100.00	EUR	8,131	0
Tradeteam Limited	United Kingdom, Milton Keynes	100.00	EUR	24,717	1,329
Trucks and Child Safety Limited 5)	United Kingdom, Milton Keynes	100.00	EUR	43	0
UAB DHL Lietuva	Lithuania, Vilnius	100.00	EUR	8,441	1,280
UK Mail Group Limited	United Kingdom, Slough	100.00	EUR	26,492	0
Vetsch AG, Internationale Transporte 1)	Switzerland, Buchs	100.00	EUR	128	-32
Vetsch Internationale Transporte GmbH 1)	Austria, Wolfurt	100.00	EUR	-	-
VignoblExport SAS	France, Orléans	70.00	EUR	2,156	1,166
Americas				10,955	4,097
AEI Drawback Services Inc.	USA, Columbus	100.00	EUR
Aero Express del Ecuador (TransAm) Ltda.	Ecuador, Guayaquil	100.00	EUR	626	243
Agencia de Aduanas DHL Express Colombia Ltda.	Colombia, Bogotá	100.00	EUR	1,653	124
AGENCIA DE ADUANAS DHL GLOBAL FORWARDING (COLOMBIA) S.A. NIVEL 1 1)	Colombia, Bogotá	100.00	EUR	2,764	574
Air Express International USA, Inc. 1)	USA, Miami	100.00	EUR	-69,171	20,880
Radix Group International, Inc. 1)	USA, Miami	100.00	EUR	-	-
Braid Logistics Latin America Ltda.	Brazil, Santos	100.00	EUR	87	-44
Braid Logistics Latin America S.A.	Uruguay, Montevideo	100.00	EUR	-474	-5,044
Braid Logistics Latin America SpA	Chile, Santiago	100.00	EUR	414	-47
Circuit Logistics Inc.	Canada, Toronto	100.00	EUR	120	122
Connect Logistics Services Inc.	Canada, Calgary	100.00	EUR	3,178	3,153
Danzas Corporation	USA, Columbus	100.00	EUR	145,373	38,422
DHL Aero Expreso S.A. 7c)	Panama, Panama City	49.80	EUR	59,397	10,757
DHL (Bahamas) Limited	Bahamas, Nassau	100.00	EUR	2,168	215
DHL (Barbados) Ltd.	Barbados, Bridgetown	100.00	EUR	2,752	96
DHL (Bolivia) SRL	Bolivia, Santa Cruz de la Sierra	100.00	EUR	1,205	258
DHL (BVI) Ltd.	British Virgin Islands , Tortola	100.00	EUR	596	60
DHL (Costa Rica) S.A.	Costa Rica, San José	100.00	EUR	-13,720	-7,141
DHL (Honduras) S.A. de C.V.	Honduras, San Pedro Sula	100.00	EUR	121	-2,278
DHL (Jamaica) Limited	Jamaica, Kingston	100.00	EUR	4,195	1,057

List of shareholdings					Page 5 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
DHL (Paraguay) S.R.L.	Paraguay, Asunción	100.00	EUR	4,464	1,452
DHL (Trinidad and Tobago) Limited	Trinidad and Tobago, Port of Spain	100.00	EUR	2,126	169
DHL (Uruguay) S.R.L.	Uruguay, Montevideo	100.00	EUR	4,505	868
DHL Aviation (Americas), Inc.	USA, Plantation	100.00	EUR	1,711,361	66,905
DHL Corporate Services SC México	Mexico, Tepotzotlán	100.00	EUR	3,597	-6
DHL Customer Solutions & Innovations (USA) Inc.	USA, Plantation	100.00	EUR	-609	698
DHL Customer Support (Costa Rica) S.A.	Costa Rica, San José	100.00	EUR	3,575	788
DHL Customs (Costa Rica) S.A.	Costa Rica, San José	100.00	EUR	2,277	473
DHL de Guatemala S.A.	Guatemala, Guatemala City	100.00	EUR	4,772	1,410
DHL Dominicana SA	Dominican Republic, Santo Domingo	100.00	EUR	2,351	351
DHL Express (Argentina) S.A.	Argentina, Buenos Aires	100.00	EUR	4,038	3,520
DHL Express (Bermuda) Ltd.	Bermuda, Hamilton	100.00	EUR	3,629	461
DHL Express (Brazil) Ltda.	Brazil, São Paulo	100.00	EUR	14,796	2,416
DHL Express (Canada), Ltd.	Canada, Brampton	100.00	EUR	1,853	15,076
DHL Express (Chile) Ltda.	Chile, Santiago de Chile	100.00	EUR	18,255	3,865
DHL Express (Ecuador) S.A.	Ecuador, Quito	100.00	EUR	6,181	1,653
DHL Express (El Salvador) S.A. de C.V.	El Salvador, San Salvador	100.00	EUR	3,239	469
DHL Express (USA), Inc.	USA, Plantation	100.00	EUR	575,710	314,126
DHL Express Aduanas Peru S.A.C.	Peru, Callao	100.00	EUR	1,416	71
DHL Express Aduanas Venezuela C.A.	Venezuela, Caracas	100.00	EUR	234	184
DHL Express Colombia Ltda.	Colombia, Bogotá	100.00	EUR	13,982	595
DHL Express México, S.A. de C.V.	Mexico, Mexico City	100.00	EUR	163,639	75,663
DHL Express Peru S.A.C.	Peru, Callao	100.00	EUR	10,918	1,476
DHL Fletes Aereos, C.A.	Venezuela, Caracas	100.00	EUR	262	236
DHL Freight USA Inc.	USA, Plantation	100.00	EUR	48,263	39
DHL Global Forwarding (Argentina) S.A.	Argentina, Buenos Aires	100.00	EUR	8,346	15,106
DHL Global Forwarding (Brazil) Logistics Ltda.	Brazil, São Paulo	100.00	EUR	30,135	14,178
DHL Global Forwarding (Canada) Inc.	Canada, Mississauga	100.00	EUR	48,224	8,567
DHL Global Forwarding (Chile) S.A.	Chile, Santiago de Chile	100.00	EUR	9,056	-7,355
DHL Global Forwarding (Colombia) S.A.S.	Colombia, Bogotá	100.00	EUR	21,088	4,356
DHL Global Forwarding (Ecuador) S.A.	Ecuador, Quito	100.00	EUR	2,321	99
DHL Global Forwarding (El Salvador) S.A.	El Salvador, San Salvador	100.00	EUR	5,702	1,007
DHL Global Forwarding (Guatemala) S.A. 1)	Guatemala, Guatemala City	100.00	EUR	8,708	-321
DHL Zona Franca (Guatemala) S.A. 1)	Guatemala, Guatemala City	100.00	EUR	-	-
Carga Aerea Internacional S.A. (Carinter). 1)	Guatemala, Guatemala City	100.00	EUR	-	-
Transportes Expresos Internacionales (Interexpreso) S.A. 1)	Guatemala, Guatemala City	100.00	EUR	-	-
DHL Global Forwarding (Mexico) S.A. de C.V.	Mexico, Mexico City	100.00	EUR	69,017	25,690
DHL Global Forwarding (Nicaragua) S.A.	Nicaragua, Managua	100.00	EUR	-2,801	-585
DHL Global Forwarding (Panama) S.A. 1)	Panama, Panama City	100.00	EUR	9,822	1,420
DHL Holding Panama Inc. 1)	Panama, Panama City	100.00	EUR	-	-
DHL Global Forwarding Zona Franca (Costa Rica) S.A.	Costa Rica, Ulloa	100.00	EUR	-800	-589
DHL Global Forwarding Aduanas Peru S.A.	Peru, Callao	100.00	EUR	2,430	549
DHL Global Forwarding Deposito Aduanero (Colombia) S.A.	Colombia, Bogotá	100.00	EUR	2,884	117
DHL Global Forwarding Management Latin America, Inc.	USA, Plantation	100.00	EUR	634	23
DHL Global Forwarding Peru S.A.	Peru, Lima	100.00	EUR	15,410	3,134
DHL Global Forwarding Venezuela, C.A.	Venezuela, Caracas	100.00	EUR	-489	-299
DHL Global Forwarding Zona Franca (Colombia) S.A.	Colombia, Bogotá	100.00	EUR	1,314	-720
DHL Guadeloupe SAS	Guadeloupe, Baie Mahault	100.00	EUR	709	279
DHL Holding Central America Inc.	Panama, Panama City	100.00	EUR	64,151	794
DHL Information Services (Americas), Inc.	USA, Plantation	100.00	EUR	18,544	2,272
DHL International Antilles SARL	Martinique, Lamentin	100.00	EUR	2,072	366
DHL International Haiti SA	Haiti, Port-au-Prince	100.00	EUR	9	-125
DHL Logistics (Brazil) Ltda.	Brazil, São Paulo	100.00	EUR	135,866	7,180
DHL Management CenAm S. A.	Costa Rica, Heredia	100.00	EUR	16,678	13,964
DHL Metropolitan Logistics SC Mexico S.A. de C.V.	Mexico, Tepotzotlán	100.00	EUR	113,622	25,639
DHL Network Operations (USA), Inc.	USA, Plantation	100.00	EUR	745,496	7,947
DHL Nicaragua, S.A.	Nicaragua, Managua	100.00	EUR	-913	-113
DHL of Curacao N.V.	Curaçao, Curaçao	100.00	EUR	1,365	16
DHL Panama S.A.	Panama, Panama City	100.00	EUR	7,932	1,746
DHL Regional Services, Inc.	USA, Plantation	100.00	EUR	-4,191	4,609
DHL S.A.	Guatemala, Guatemala City	100.00	EUR	610	532
DHL Servicios, S.A. de C.V.	Mexico, Mexico City	100.00	EUR	81	19
DHL Sint Maarten N.V.	Sint Maarten, Philipsburg	100.00	EUR	-89	-1
DHL Supply Chain (Argentina) S.A.	Argentina, Buenos Aires	100.00	EUR	644	1,489
DHL Supply Chain (Chile) S.A.	Chile, Santiago de Chile	100.00	EUR	1,438	-1,475
DHL Supply Chain Automotive Mexico S.A. de C.V.	Mexico, Tepotzotlán	100.00	EUR	8,279	13,291
DHL Supply Chain Colombia S.A.S.	Colombia, Bogotá	100.00	EUR	3,624	640
DHL Supply Chain de Lima S.A.C.	Peru, Lima	100.00	EUR	3,575	634
DHL Transportes (Brazil) Ltda.	Brazil, São Paulo	100.00	EUR	1,860	185
DHL Zona Franca El Salvador S.A.	El Salvador, Antiguo Cuscatlan	100.00	EUR	529	29
Digihaul Mexico S.A. de C.V.	Mexico, Mexico City	100.00	EUR	-2,946	-3,214
Dimalsa Logistics Corp.	Puerto Rico, San Juan	100.00	EUR	5,055	854
DPWN Holdings (USA), Inc.	USA, Plantation	100.00	EUR	10,259,515	611,540
EV Logistics	Canada, Vancouver	100.00	EUR	1,492	1,481
Exel Canada Ltd.	Canada, Toronto	100.00	EUR	16,739	9,445
Exel Freight Connect Inc.	USA, Wilmington	100.00	EUR	7,223	709
Exel Global Logistics Inc.	USA, Palm City	100.00	EUR	762	493
Exel Inc.	USA, Boston	100.00	EUR	689,930	269,479
Exel Logistics Argentina S.A.	Argentina, Buenos Aires	100.00	EUR	166	202
DHL SOLUCOS LOGISTICAS (BRAZIL) LTDA.	Brazil, Barueri	100.00	EUR	-820	-1,459
Genesis Logistics Inc.	USA, Westerville	100.00	EUR	27,102	8,359
Global Mail, Inc.	USA, Weston	100.00	EUR	456,054	87,109
GORI CHILE S.A.	Chile, Santiago de Chile	100.00	EUR	4,648	2,343
Harmony Logistics Canada Inc.	Canada, Toronto	100.00	EUR	629	621
Hillebrand Gori Canada Inc.	Canada, Calgary	100.00	EUR	3,751	2,369
Hillebrand Gori Chile Ltda.	Chile, Santiago	100.00	EUR	2,103	364
Hillebrand Gori Mexico, S.A. de C.V.	Mexico, Mexico City	100.00	EUR	9,236	3,599
Hillebrand Gori USA LLC	USA, Edison	100.00	EUR	28,958	-7,889
Hillebrand Last Mile USA, Inc.	USA, Lewes	100.00	EUR	-7,632	-6,016
Hillebrand Vancouver Inc.	Canada, Richmond	100.00	EUR	-3,860	109
Hyperion Inmobiliaria S.A. de C.V.	Mexico, Tepotzotlán	100.00	EUR	7,403	2,950
Hyperion Properties Inc.	USA, Westerville	100.00	EUR	-	-
Intercomercial Representaciones Comerciales Limitada	Chile, Santiago	100.00	EUR	190	-25
Inversiones Latinoamericana Limitada	Chile, Santiago	100.00	EUR	2,929	0
J.F. Hillebrand Argentina S.A.	Argentina, Mendoza	100.00	EUR	4,812	5,932

List of shareholdings					Page 6 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
Keg Fleet LLC	USA, Houston	100.00	EUR	850	37
KLS Logistics Services Inc.	USA, Westerville	100.00	EUR	26,875	8,830
Marias Falls Insurance Co., Ltd.	Bermuda, Hamilton	100.00	EUR	184,646	86,002
Matrix Logistics Services Ltd.	Canada, Toronto	100.00	EUR	-13,504	3,171
New Transport Applications, S.A. de C.V.	Mexico, Tlalnepantla	100.00	EUR	3,875	747
Olimpo Holding S.A.	Brazil, Campinas	100.00	EUR	4,727	31
Polar Air Cargo Worldwide, Inc. 7c)	USA, Purchase	49.00	EUR	11,800	25
Polar Transportes Rodoviários Ltda.	Brazil, São Paulo	100.00	EUR	-10,911	-9,575
Relay Logistics Inc.	Canada, Toronto	100.00	EUR	569	565
Rio Lopes Transportes Ltda	Brazil, São Paulo	100.00	EUR	36,072	8,148
Royal Service Transport Inc.	USA, Baltimore	100.00	EUR	565	161
Satellite Logistics Group, Inc.	USA, Houston	100.00	EUR	12,453	1,568
Saturn Integrated Logistics Inc.	Canada, Toronto	100.00	EUR	526	523
Serviceuticos Ltda.	Colombia, Bogotá	100.00	EUR	-8,864	-6,830
Sky Courier, Inc.	USA, Sterling	100.00	EUR	38,017	9,539
Skyhawk Transport Ltd.	Canada, Brampton	100.00	EUR	0	0
SLG Holdco Inc.	USA, Houston	100.00	EUR	-5,309	0
Standard Forwarding LLC	USA, East Moline	100.00	EUR	8,034	-4,200
Suppla Cargo S.A.S.	Colombia, Bogotá	100.00	EUR	5,453	676
Suppla S.A.	Colombia, Bogotá	99.99	EUR	26,134	-82
Tafinor S.A. 5)	Uruguay, Montevideo	100.00	EUR	5	0
TCL Supply Chain (Canada) Inc.	Canada, Toronto	100.00	EUR	1,516	1,512
Tibbett & Britten Group Canada Inc.	Canada, Toronto	100.00	EUR	18,190	5,991
Tibbett & Britten Group North America, LLC	USA, Westerville	100.00	EUR	32,908	1,310
Tracker Logistics Inc.	Canada, Calgary	100.00	EUR	-600	439
Trillium Supply Chain Inc.	Canada, Ontario	100.00	EUR	-116	506
Unidock's Assessoria e Logistica de Materiais Ltda.	Brazil, Barueri	100.00	EUR	41,854	12,944
Vensecar Internacional, C.A.	Venezuela, Maiquitia	99.09	EUR	23,816	266
Vensecar International (Barbados) Inc.	Barbados, Belleville, St.Michael	100.00	EUR	29,743	1,729
Zenith Logistics Inc.	Canada, Toronto	100.00	EUR	695	216
Asia Pacific				6,487	-1,055
23i Private Limited	Singapore, Singapore	100.00	EUR
Blue Dart Aviation Ltd.	India, Mumbai	100.00	EUR	-2,890	-112
Blue Dart Express Limited	India, Mumbai	75.00	EUR	171,121	30,362
Braid Bulk Liquid Packaging & Trading (Shanghai) Co Ltd	China, Shanghai	100.00	EUR	874	-8
Braid Logistics Asia Sdn Bhd	Malaysia, Johor	100.00	EUR	161	28
Cameron Interstate Pty Ltd.	Australia, Rhodes	100.00	EUR	18,320	715
Cameron Logistics Pty Ltd.	Australia, Rhodes	100.00	EUR	39,654	2,779
Danzas AEI Logistics (Shanghai) Co. Ltd.	China, Shanghai	100.00	EUR	996	308
DANZASMAL Domestic Logistics Services Sdn. Bhd. 7b)	Malaysia, Kuala Lumpur	49.00	EUR	847	452
De Xin Warehousing Management (Tianjin) Co., Ltd.	China, Tianjin	100.00	EUR	25,330	-1,164
De Zhuo Intelligence Warehousing Management (Huzhou) Co., Ltd.	China, Huzhou	100.00	EUR	-	-
Deutsche Post Global Mail (Australia) Pty Ltd.	Australia, Matraville	100.00	EUR	1,153	1,350
DHL (Chengdu) Service Ltd.	China, Chengdu	100.00	EUR	902	28
DHL Air Freight Forwarder Sdn. Bhd. 7c)	Malaysia, Petaling Jaya	49.00	EUR	894	286
DHL Asia Pacific Shared Services Sdn. Bhd.	Malaysia, Kuala Lumpur	100.00	EUR	6,094	1,363
DHL Aviation (Hong Kong) Ltd.	China, Hong Kong	99.85	EUR	49,270	5,737
DHL Aviation Services (Shanghai) Co., Ltd.	China, Shanghai	100.00	EUR	43,153	1,177
DHL Distribution (Thailand) Limited	Thailand, Nonthaburi	100.00	EUR	86,636	5,818
DHL eCommerce (Hong Kong) Limited	China, Hong Kong	100.00	EUR	-14,592	-1,059
DHL eCommerce (India) Private Limited	India, Mumbai	100.00	EUR	-21,467	-4,308
DHL eCommerce (Japan) K.K.	Japan, Tokyo	100.00	EUR	1,567	-506
DHL eCommerce (Malaysia) Sdn. Bhd.	Malaysia, Petaling Jaya	100.00	EUR	-16,067	-11,987
DHL eCommerce (Philippines) Corporation	Philippines, Pasay City	100.00	EUR	124	-1
DHL eCommerce (Singapore) Pte. Ltd.	Singapore, Singapore	100.00	EUR	-3,792	1,112
DHL eCOMMERCE SOLUTIONS (THAILAND) LIMITED	Thailand, Bangkok	99.70	EUR	-19,705	-7,097
DHL Exel Logistics (Malaysia) Sdh. Bhd. 7c)	Malaysia, Kuala Lumpur	49.00	EUR	2,933	135
DHL Express (Australia) Pty Ltd.	Australia, Sydney	100.00	EUR	44,650	18,981
DHL Express (Brunei) Sdn. Bhd.	Brunei Darussalam, Bandar Seri Begaw	90.00	EUR	1,343	38
DHL Express (Cambodia) Ltd.	Cambodia, Phnom Penh	100.00	EUR	4,837	480
DHL Express (Fiji) Pte Ltd.	Fiji, Suva	100.00	EUR	2,164	392
DHL Express (Hong Kong) Limited	China, Hong Kong	100.00	EUR	61,192	26,654
DHL Express (India) Pvt. Ltd.	India, Mumbai	100.00	EUR	137,739	22,277
DHL Express (Macao) Limited	China, Macao	100.00	EUR	733	162
DHL Express (Malaysia) Sdn. Bhd.	Malaysia, Petaling Jaya	70.00	EUR	17,825	5,349
DHL Express (New Zealand) Limited	New Zealand, Auckland	100.00	EUR	7,607	4,273
DHL Express (Papua New Guinea) Ltd.	Papua New Guinea, Port Moresby	100.00	EUR	1,256	284
DHL Express (Philippines) Corp.	Philippines, Makati City	100.00	EUR	7,441	1,887
DHL Express (Singapore) Pte. Ltd.	Singapore, Singapore	100.00	EUR	204,934	30,787
DHL Express (Taiwan) Corp.	Taiwan, Taipei	100.00	EUR	44,849	11,881
DHL Express (Thailand) Limited	Thailand, Samutprakarn	100.00	EUR	7,381	644
DHL Express International (Thailand) Ltd.	Thailand, Bangkok	100.00	EUR	32,605	8,182
DHL Express Laos Sole Company Limited	Laos, Vientiane	100.00	EUR	678	1,138
DHL Express Nepal Pvt. Ltd.	Nepal, Kathmandu	100.00	EUR	5,129	298
DHL Express, Unipessoal, Lda.	East Timor, Dili	100.00	EUR	469	15
DHL Global Forwarding (Australia) Pty Ltd.	Australia, Tullamarine	100.00	EUR	118,519	27,063
DHL Global Forwarding (Bangladesh) Limited	Bangladesh, Dhaka	100.00	EUR	15,567	2,852
DHL Global Forwarding (China) Co., Ltd.	China, Shanghai	100.00	EUR	164,531	103,210
DHL Global Forwarding (Fiji) Limited	Fiji, Lautoka	100.00	EUR	2,367	351
DHL Global Forwarding (Hong Kong) Limited	China, Hong Kong	100.00	EUR	486,795	315,465
DHL Global Forwarding (Korea) Ltd.	South Korea, Seoul	100.00	EUR	24,964	19,740
DHL Global Forwarding (Malaysia) Sdn. Bhd.	Malaysia, Petaling Jaya	100.00	EUR	36,373	19,198
DHL Global Forwarding (New Zealand) Limited	New Zealand, Auckland	100.00	EUR	29,722	5,973
DHL Global Forwarding (Philippines) Inc.	Philippines, Pasay City	100.00	EUR	10,193	4,929
DHL Global Forwarding (PNG) Limited	Papua New Guinea, Port Moresby	100.00	EUR	3,507	586
DHL Global Forwarding (Singapore) Pte. Ltd.	Singapore, Singapore	100.00	EUR	192,395	81,150
DHL Global Forwarding (Thailand) Limited	Thailand, Bangkok	100.00	EUR	29,542	26,416
DHL Global Forwarding (Vietnam) Corporation 7a)	Vietnam, Ho Chi Minh City	49.00	EUR	31,044	11,574
DHL Global Forwarding Caledonie	New Caledonia, Noumea	100.00	EUR	5,991	850
DHL Global Forwarding Freight Shared Services (India) LLP	India, Mumbai	100.00	EUR	11,604	4,822
DHL Global Forwarding Japan K.K.	Japan, Tokyo	100.00	EUR	96,114	58,972
DHL Global Forwarding Lanka (Private) Limited	Sri Lanka, Peliyagoda	70.00	EUR	3,823	223
DHL Global Forwarding Management (Asia Pacific) Pte. Ltd.	Singapore, Singapore	100.00	EUR	282,958	68,856
DHL Global Forwarding Myanmar Limited	Myanmar, Rangoon	100.00	EUR	2,450	389

List of shareholdings					Page 7 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
DHL Global Forwarding Pakistan (Private) Limited	Pakistan, Karachi	100.00	EUR	6,741	1,188
DHL Global Forwarding Polynesie S.A.R.L.	French Polynesia, Faaa	100.00	EUR	6,716	643
DHL Holdings (New Zealand) Limited	New Zealand, Auckland	100.00	EUR	48,962	7,302
DHL Incheon Hub Ltd.	South Korea, Incheon	100.00	EUR	22,675	3,402
DHL Information Services (Asia-Pacific) Sdn. Bhd.	Malaysia, Puchong	100.00	EUR	24,201	4,505
DHL INFORMATION SERVICES (INDIA) LLP	India, Mumbai	100.00	EUR	14,840	7,473
DHL International Kazakhstan, TOO	Kazakhstan, Almaty	100.00	EUR	1,966	252
DSC-Exel Management Services (Shanghai) Co., Ltd.	China, Shanghai	100.00	EUR	174	-32
DHL Japan Inc.	Japan, Tokyo	100.00	EUR	58,864	15,630
DHL Keells (Private) Limited 7c)	Sri Lanka, Colombo	50.00	EUR	5,662	2,996
DHL Korea Limited	South Korea, Seoul	100.00	EUR	97,170	25,326
DHL Logistics (Cambodia) Ltd.	Cambodia, Phnom Penh	100.00	EUR	2,724	1,433
DHL Logistics (Kazakhstan) TOO	Kazakhstan, Aksai	100.00	EUR	738	254
DHL Logistics Private Limited	India, Mumbai	100.00	EUR	165,066	40,855
DHL Pakistan (Private) Limited	Pakistan, Karachi	100.00	EUR	-7,170	-3,440
DHL Project & Chartering Limited	China, Hong Kong	100.00	EUR	-2,177	-49
DHL Properties (Malaysia) Sdn. Bhd.	Malaysia, Shah Alam	69.98	EUR	1,233	-276
DHL RES (Australia) Pty Limited	Australia, Rhodes	100.00	EUR	0	0
DHL RES Investment Holding Limited	China, Hong Kong	100.00	EUR	-2,844	-3,520
DHL SCM K.K.	Japan, Tokyo	100.00	EUR	594	108
DHL Sinotrans Bonded Warehouse (Beijing) Co., Ltd.	China, Beijing	100.00	EUR	4,193	490
DHL Sinotrans International Air Courier Ltd. 7c)	China, Beijing	50.00	EUR	471,684	405,809
DHL Summit Solutions, Inc. 7b)	Phillipines, Pasig City	50.00	EUR	5,103	2,076
DHL Supply Chain (Australia) Pty Limited	Australia, Rhodes	100.00	EUR	202,616	38,571
DHL Supply Chain (Korea) Ltd.	South Korea, Seoul	100.00	EUR	5,492	1,323
DHL Supply Chain (Malaysia) Sdn. Bhd.	Malaysia, Kuala Lumpur	100.00	EUR	20,521	4,921
DHL Supply Chain (New Zealand) Limited	New Zealand, Auckland	100.00	EUR	45,585	4,584
DHL Supply Chain (Taiwan) Co. Ltd.	Taiwan, Taipei	100.00	EUR	20,079	4,508
DHL Supply Chain (Thailand) Limited	Thailand, Bangkok	100.00	EUR	45,771	3,504
DHL Supply Chain (Vietnam) Limited	Vietnam, Ho Chi Minh City	100.00	EUR	8,846	-239
DHL Supply Chain (Vietnam) Transportation JSC	Vietnam, Ho Chi Minh City	51.00	EUR	-2,768	684
DHL Supply Chain India Private Limited	India, Mumbai	100.00	EUR	55,442	13,078
DHL Supply Chain K.K.	Japan, Tokyo	100.00	EUR	62,699	15,709
DHL Supply Chain Management Phils., Inc.	Philippines, Binan City	100.00	EUR	1,028	1,063
DHL Supply Chain Myanmar Ltd.	Myanmar, Rangoon	100.00	EUR	407	193
DHL Supply Chain Phils., Inc.	Philippines, Manila	100.00	EUR	9,231	2,853
DHL Supply Chain Singapore Pte. Ltd.	Singapore, Singapore	100.00	EUR	28,550	-1,329
DHL Transportation (Philippines) Incorporated 7b)	Philippines, Paranaque City	40.00	EUR	109	-40
DHL Worldwide Express (Bangladesh) Private Limited	Bangladesh, Dhaka	90.00	EUR	21,640	4,673
DHL-VNPT Express Ltd.	Vietnam, Ho Chi Minh City	51.00	EUR	13,885	3,375
Exel Logistics Services Lanka (Private) Ltd.	Sri Lanka, Peliyagoda	100.00	EUR	3,610	301
Ezyhaul (Thailand) Co., Ltd.	Thailand, Bangkok	100.00	EUR	513	-36
Ezyhaul Philippines Inc.	Philippines, City of Makati	100.00	EUR	155	32
Ezyhaul Pte. Ltd.	Singapore, Singapore	100.00	EUR	-15,229	-3,745
Ezyhaul Sdn. Bhd.	Malaysia, Petaling Jaya	100.00	EUR	146	2,035
Ezyhaul Transport Co., Ltd.	Thailand, Bangkok	100.00	EUR	-1,253	460
FC Dear Leasing Ltd. 12)	Japan, Tokyo	0.00	EUR	734	640
Glen Cameron Asset Management Pty Ltd.	Australia, Rhodes	100.00	EUR	26,596	2,050
Glen Cameron Pty Ltd.	Australia, Rhodes	100.00	EUR	1,382	775
Gori Australia Pty Ltd.	Australia, Brighton-Le-Sands	100.00	EUR	6,813	1,179
Hillebrand Gori (Thailand) Ltd.	Thailand, Bangkok	100.00	EUR	703	531
Hillebrand Gori Australia Pty Ltd	Australia, Banksmeadow	100.00	EUR	-6,700	3,039
Hillebrand Gori China Co., Ltd.	China, Shanghai	100.00	EUR	1,929	67
Hillebrand Gori Hong Kong Limited	Hong Kong, Hong Kong	100.00	EUR	980	700
Hillebrand Gori Japan K.K.	Japan, Tokyo	100.00	EUR	6,133	3,411
Hillebrand Gori Korea Ltd.	South Korea, Seoul	100.00	EUR	2,065	767
Hillebrand Gori Malaysia Sdn. Bhd.	Malaysia, Port Klang	100.00	EUR	2,134	-490
Hillebrand Gori New Zealand Limited	New Zealand, Wellington	100.00	EUR	6,434	1,387
Hillebrand Gori Singapore Pte. Ltd.	Singapore, Singapore	100.00	EUR	15,192	3,008
Hillebrand Gori Vietnam Company Limited	Vietnam, Ho Chi Minh City	99.60	EUR	280	-18
Huzhou Logistics Investment Holding Limited	China, Hong Kong	95.00	EUR	-29	-22
JF Hillebrand Philippines Inc.	Philippines, Pasay City	99.99	EUR	-64	-523
Mulura Logistics Private Ltd.	India, Bangalore	100.00	EUR	-36,489	938
PT Birotika Semesta 7c)	Indonesia, Jakarta	49.00	EUR	31,736	3,440
PT Danzas Sarana Perkasa	Indonesia, Jakarta	100.00	EUR	1,145	-83
PT DHL Global Forwarding Indonesia	Indonesia, Tangerang Selatan	100.00	EUR	65,813	12,323
PT DHL Supply Chain Indonesia	Indonesia, Jakarta	90.34	EUR	30,780	5,213
PT DHL Supply Chain Transport Indonesia	Indonesia, Jakarta	100.00	EUR	81	-52
PT DHL Smart Solutions	Indonesia, Jakarta	100.00	EUR	124	-16
PT Dunia Handal Logistik 12)	Indonesia, Jakarta	0.00	EUR	-389	104
PT Ezyhaul Logistics Indonesia	Indonesia, Jakarta	100.00	EUR	257	53
PT Ezyhaul Technologies Indonesia 7b)	Indonesia, Jakarta	49.00	EUR	-5,748	-335
PT Dunia Harmoni Lestari 7b)	Indonesia, Jakarta	0.00	EUR	35	0
PT. JF Hillebrand Indonesia 7b)	Indonesia, Jakarta	49.00	EUR	13	0
Quzhou PPQL Company Limited 7c)	China, Quzhou	40.00	EUR	2,355	201
REI India No. 1 Singapore Pte. Ltd.	Singapore, Singapore	100.00	EUR	4	-12
RES West Bhiwandi 1 India Private Limited	India, Mumbai	100.00	EUR	-14	-16
Shanghai Danzas Freight Agency Co. Ltd.	China, Shanghai	100.00	EUR	580	-30
Skyline Air Logistics Ltd.	India, Mumbai	99.99	EUR	2,531	118
SL FUJI CO., LTD 12)	Japan, Tokyo	0.00	EUR	734	640
StarBroker (Hong Kong) Limited	China, Hong Kong	100.00	EUR	12	-4
Tianjin Logistics Investment Holding Limited	China, Hong Kong	95.00	EUR	66,810	-277
TLC Adenium Co., Ltd.12)	Japan, Tokyo	0.00	EUR	7,108	2,909
TLC Nutmeg Co., Ltd. 12)	Japan, Tokyo	0.00	EUR	4,404	2,823
Trade Clippers Cargo Limited	Bangladesh, Dhaka	100.00	EUR	32	-1
Trans Ocean Liquid Technologies Co. Ltd., Kun Shan	China, Kunshan	100.00	EUR	2,200	560
Trans Ocean Liquid Technologies Sdn Bhd	Malaysia, Port Klang	100.00	EUR	794	53
Trans Ocean Shanghai Co., Ltd.	China, Shanghai	100.00	EUR	-1,707	-70
Violet Ltd.12)	Japan, Tokyo	0.00	EUR	734	640
Watthanothai Company Ltd. 7a)	Thailand, Bangkok	49.00	EUR	1,243	24,070
Zhong Shan Shun Long Container Bulk Packaging Co., Ltd 7c)	China, Zhongshan	45.00	EUR	13,313	1,027

List of shareholdings					Page 8 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
Other Regions
Air & Ocean General transport, forwarding (shipping), Customs Clearance & Maritime services	Iraq, Baghdad	100.00	EUR	14,802	-681
AI-DurraAI-HamraaAI-Lamia Company for General Transport with limited Liability	Iraq, Baghdad	100.00	EUR	39	0
Braid Logistics Africa (Pty) Ltd	South Africa, Cape Town	100.00	EUR	-819	-5
Danzas Bahrain WLL	Bahrain, Manama	100.00	EUR	154	-138
DGF Cameroon PLC	Cameroon, Douala	65.00	EUR	161	-929
DHLA International Transport Company WLL 7c)	Kuwait, Safat	0.00	EUR	1,744	1,424
DHL (Israel) Ltd.	Israel, Tel Aviv	100.00	EUR	27,235	3,400
DHL (Mauritius) Ltd.	Mauritius, Port Louis	100.00	EUR	-297	-142
DHL (Namibia) (Pty) Ltd.	Namibia, Windhoek	100.00	EUR	1,116	-18
DHL Aviation (Nigeria) Ltd.	Nigeria, Lagos	100.00	EUR	518	184
DHL Aviation (Pty) Limited	South Africa, Boksburg	100.00	EUR	5,889	397
DHL Aviation EEMEA B.S.C.(c)	Bahrain, Manama	100.00	EUR	42,712	7,829
DHL Aviation Kenya Ltd.	Kenya, Nairobi	100.00	EUR	27	13
DHL Egypt WLL	Egypt, Cairo	100.00	EUR	7,484	4,276
DHL Ethiopian Airlines Logistics Services Share Company 7b)	Ethiopia, Addis Ababa	48.98	EUR	320	759
DHL Express (Rwanda) Limited	Rwanda, Kigali	100.00	EUR	381	34
DHL Express Maroc S.A.	Morocco, Casablanca	100.00	EUR	29,287	3,546
DHL Food Logistics Egypt Ltd.	Egypt, Alexandria	97.20	EUR	1,529	392
DHL Freight Tasimacilik ve Lojistik Hizmetleri A.S.	Turkey, Istanbul	100.00	EUR	941	648
DHL Ghana Limited	Ghana, Accra	100.00	EUR	461	101
DHL Global Forwarding & Co. LLC 7c)	Oman, Muscat	40.00	EUR	7,970	1,531
DHL Global Forwarding (Angola) - Comércio e Transitários, Limitada	Angola, Luanda	100.00	EUR	3,869	1,505
DHL Global Forwarding (Congo) SA	Republic of the Congo, Pointe-Noire	100.00	EUR	-4,794	-128
DHL Global Forwarding (Gabon) SA	Gabon, Libreville	99.00	EUR	746	-970
DHL Global Forwarding (JSC) - Libya for delivery of goods services 7a)	Libya, Tripoli	49.00	EUR	1,431	321
DHL Global Forwarding (Kenya) Limited	Kenya, Nairobi	100.00	EUR	-1,986	-1,147
DHL Global Forwarding (Kuwait) Company WLL 7b)	Kuwait, Safat	49.00	EUR	5,078	1,057
DHL Global Forwarding (Mauritius) Ltd.	Mauritius, Port Louis	100.00	EUR	1,638	1,297
DHL Global Forwarding (Uganda) Limited	Uganda, Kampala	100.00	EUR	48	-656
DHL Global Forwarding Abu Dhabi - Sole Proprietorship LLC	United Arab Emirates, Abu Dhabi	100.00	EUR	13,104	2,858
DHL GLOBAL FORWARDING ALGERIE EURL	Algeria, Algiers	100.00	EUR	2,806	622
DHL Global Forwarding Azerbaijan LLC	Azerbaijan, Baku	100.00	EUR	3	-40
DHL Global Forwarding Bahrain WLL	Bahrain, Manama	60.00	EUR	-169	0
DHL Global Forwarding Burkina SA	Burkina Faso, Ouagadougou	100.00	EUR	23	-161
DHL Global Forwarding Israel Ltd	Israel, Tel Aviv	100.00	EUR	171,726	12,137
DHL Global Forwarding Lebanon S.A.L. 7c)	Lebanon, Beirut	50.00	EUR	-4,359	-5,017
DHL Global Forwarding Madagascar SAU	Madagascar, Antananarivo	100.00	EUR	845	469
DHL Global Forwarding Mozambique Limitada	Mozambique, Cidade de Maputo	100.00	EUR	1,992	462
DHL Global Forwarding Nigeria Limited	Nigeria, Lagos	100.00	EUR	-1,815	-3,080
DHL Global Forwarding Qatar WLL 7b)	Qatar, Doha	49.00	EUR	7,628	1,563
DHL Global Forwarding S.A.E.	Egypt, Cairo	100.00	EUR	12,700	3,418
DHL Global Forwarding SA (Pty) Limited	South Africa, Boksburg	100.00	EUR	49,290	8,836
DHL Global Forwarding Saudi Arabia LLC	Saudi Arabia, Khobar	100.00	EUR	5,439	2,338
DHL Global Forwarding Tasimacilik A.S.	Turkey, Istanbul	100.00	EUR	5,060	-992
DHL Global Forwarding Zimbabwe Ltd	Zimbabwe, Harare	100.00	EUR	-728	-1,283
DHL Internacional Guinea Ecuatorial S.L.	Republic of Equatorial Guinea, Malabo	100.00	EUR	-199	4
DHL International (Algerie) EURL	Algeria, Algiers	100.00	EUR	7,229	1,708
DHL International (Angola) - Transportadores Rápidos, (SU) Limitada	Angola, Luanda	100.00	EUR	686	154
DHL International (Bahrain) WLL 7c)	Bahrain, Manama	49.00	EUR	61	1,058
DHL International (Congo) SARL	Democratic Republic of the Congo, Kins	100.00	EUR	312	-452
DHL International (Gambia) Ltd.	Gambia, Kanifing	100.00	EUR	114	50
DHL International (Liberia) Ltd.	Liberia, Monrovia	100.00	EUR	399	43
DHL International (Pty) Ltd.	South Africa, Isando	100.00	EUR	17,223	3,500
DHL International (Pvt) Ltd.	Zimbabwe, Harare	100.00	EUR	1,813	144
DHL International (SL) Ltd.	Sierra Leone, Freetown	100.00	EUR	461	283
DHL International (Uganda) Ltd.	Uganda, Kampala	100.00	EUR	1,314	341
DHL International B.S.C.(c)	Bahrain, Manama	100.00	EUR	30,626	31,104
DHL International Benin SARL	Benin, Cotonou	100.00	EUR	1,200	47
DHL International (Botswana) Proprietary Limited	Botswana, Gaborone	100.00	EUR	440	80
DHL International Burkina SARL	Burkina Faso, Ouagadougou	100.00	EUR	746	-36
DHL International Cameroun SARL	Cameroon, Douala	100.00	EUR	143	-702
DHL International Centrafrique SARL	Central African Republic, Bangui	100.00	EUR	191	6
DHL International Congo SARL	Republic of the Congo, Brazzaville	100.00	EUR	-486	10
DHL International Cote D'Ivoire SARL	Ivory Coast, Abidjan	100.00	EUR	2,160	497
DHL International Gabon SA	Gabon, Libreville	100.00	EUR	594	195
DHL International Guinee SARL	Guinea, Conakry	100.00	EUR	1,041	119
DHL International Iran Air Cargo Services (PJSC)	Iran, Tehran	100.00	EUR	-219	-240
DHL International Madagascar SA	Madagascar, Antananarivo	100.00	EUR	2,138	487
DHL International Malawi Ltd.	Malawi, Blantyre	100.00	EUR	45	115
DHL International Mali SARL	Mali, Bamako	100.00	EUR	679	38
DHL International Mauritanie SARL	Mauretania, Nouakchott	100.00	EUR	-2,694	-815
DHL International Niger SARL	Niger, Niamey	100.00	EUR	702	13
DHL International Nigeria Ltd.	Nigeria, Lagos	100.00	EUR	5,341	367
DHL International Reunion SARL	Réunion, Sainte Marie	100.00	EUR	1,827	315
DHL International Tchad SARL	Chad, Ndjamena	100.00	EUR	241	2
DHL International Togo SARL	Togo, Lomé	100.00	EUR	482	48
DHL International Zambia Limited	Zambia, Lusaka	100.00	EUR	904	241
DHL Lesotho (Proprietary) Ltd.	Lesotho, Maseru	100.00	EUR	305	13
DHL Logistics LLC - SO	United Arab Emirates, Dubai	100.00	EUR	54,206	1,640
DHL Logistics Ghana Ltd.	Ghana, Accra	100.00	EUR	2,032	-1,184
DHL Logistics Kenya Limited	Kenya, Nairobi	100.00	EUR	0	0
DHL LOGISTICS MEDHUB	Morocco, Tanger	100.00	EUR	-1,112	-358
DHL Logistics Middle East DWC-LLC	United Arab Emirates, Dubai	100.00	EUR	8,287	1,132
DHL Logistics Morocco S.A.	Morocco, Casablanca	100.00	EUR	2,906	35
DHL Logistics Tanzania Limited	Tanzania, Dar es Salaam	100.00	EUR	-608	0
DHL Lojistik Hizmetleri A.S.	Turkey, Istanbul	100.00	EUR	1,213	-2,361
DHL Mocambique Lda.	Mozambique, Maputo	100.00	EUR	554	139
DHL Operations BV Jordan Services with Limited Liability	Jordan, Amman	100.00	EUR	591	109
DHL Qatar Limited W.L.L 7b)	Qatar, Doha	97.00	EUR	11,360	3,779
DHL Regional Services Limited 5)	Nigeria, Lagos	100.00	EUR	0	0
DHL Senegal SARL	Senegal, Dakar	100.00	EUR	1,637	302
DHL Supply Chain (South Africa) (Pty) Ltd.	South Africa, Johannesburg	100.00	EUR	4,608	-2,380

List of shareholdings					Page 9 of 10
31 December 2023
Name		Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
DHL Supply Chain Kenya Limited	Kenya, Nairobi	100.00	EUR	1,677	251
DHL Supply Chain Tanzania Limited	Tanzania, Dar es Salaam	100.00	EUR	2,858	142
DHL Swaziland (Proprietary) Ltd.	Eswatini, Mbabane	100.00	EUR	445	49
DHL Tanzania Limited	Tanzania, Dar es Salaam	100.00	EUR	-194	-262
DHL Worldwide Express & Company LLC	Oman, Ruwi	70.00	EUR	5,569	1,532
DHL Worldwide Express (Abu Dhabi) LLC 7b)	United Arab Emirates, Abu Dhabi	49.00	EUR	133	0
DHL Worldwide Express (Dubai) LLC 7b)	United Arab Emirates, Dubai	49.00	EUR	1,562	1,010
DHL Worldwide Express (Sharjah) LLC 5), 7b)	United Arab Emirates, Sharjah	49.00	EUR	123	0
DHL Worldwide Express Cargo LLC 5), 7b)	United Arab Emirates, Dubai	49.00	EUR	74	0
DHL Worldwide Express Ethiopia Private Limited Company	Ethiopia, Addis Ababa	100.00	EUR	8,210	1,195
DHL Worldwide Express Kenya Limited	Kenya, Nairobi	100.00	EUR	1,434	282
DHL Worldwide Express Tasimacilik ve Ticaret A.S.	Turkey, Istanbul	100.00	EUR	8,099	-1,545
Document Handling (East Africa) Ltd.	Kenya, Nairobi	51.00	EUR	47	245
DGF for import & export. SAE 7b)	Egypt, Cairo	49.00	EUR	1,563	1,064
Exel Contract Logistics (Nigeria) Limited	Nigeria, Lagos	100.00	EUR	-8,257	0
Exel Saudia LLC	Saudi Arabia, Al Khobar	100.00	EUR	14,118	1,728
Giorgio Gori International Freight Forwarders (Pty) Ltd.	South Africa, Stellenbosch	100.00	EUR	338	-43
Guinet Transit Service SARL	Réunion, Le Port	100.00	EUR	1,914	187
Hillebrand Gori Middle East LLC	United Arab Emirates (UAE), Dubai	100.00	EUR	7,145	681
Hillebrand Gori South Africa (Pty) Ltd	South Africa, Stellenbosch	100.00	EUR	6,326	-148
Hillebrand Kenya Limited	Kenya, Nairobi	100.00	EUR	563	377
Hillebrand West Africa SARL	Ivory Coast, Abidjan	100.00	EUR	-375	-63
JFH Capital (Pty) Ltd 7b)	South Africa, Johannesburg	49.00	EUR	2,699	0
MNG Kargo Yurtici ve Yurtdisi Tasimacilik A.S.	Turkey, Istanbul	100.00	EUR	-5,122	0
MNG Kargo Yurtici ve Yurtdisi Tasimacilik Limited	Turkey, Nicosia	100.00	EUR	-590	0
Sherkate Haml-oNaghl Sarie DHL Kish	Iran, Tehran	100.00	EUR	0	0
SNAS Lebanon SARL	Lebanon, Beirut	90.00	EUR	523	1,951
SNAS Postal Est. 7c)	Saudi Arabia, Riyadh	0.00	EUR	79	17,414
SSA Regional Services (Pty) Ltd.	South Africa, Sandton	100.00	EUR	1,652	556
Trans Care Fashion SARL (Morocco) 5)	Morocco, Casablanca	100.00	EUR	-315	0
Trans Ocean Liquid Technologies Pty Ltd	South Africa, Kenilworth	100.00	EUR	3,128	280
Affiliated Companies not included in the Consolidated Financial Statements 13)
Europe
ASG Leasing Handelsbolag 3), 5), 9)	Sweden, Stockholm	100.00	SEK	-213	-60
Beteiligungsgesellschaft Privatstraße GVZ Eifeltor GBR 4), 14)	Germany, Grafschaft-Holzweiler	53.54	EUR	-	-
Deutsche Post Altersvorsorge Sicherung e.V. & Co. Objekt Gronau KG 2), 9)	Germany, Bonn	100.00	EUR	0	3,906
Deutsche Post Grundstücks- Vermietungsgesellschaft beta mbH 6), 9)	Germany, Bonn	100.00	EUR	5,017	0
Deutsche Post Grundstücks-Vermietungsgesellschaft beta mbH & Co. Objekt Leipzig KG 3), 9)	Germany, Bonn	100.00	EUR	0	-46
Deutsche Post Pensionsfonds AG 3), 9)	Germany, Bonn	100.00	EUR	3,514	-320
Deutsche Post Pensions-Treuhand GmbH & Co. KG 3), 9)	Germany, Bonn	100.00	EUR	10	0
DHL eCommerce Holding GmbH	Germany, Bonn	100.00	EUR	-	-
DHL Pensions Investment Fund Limited 5), 9), 11)	United Kingdom, Bedford	100.00	GBP	0	0
DHL Trustees Limited 5), 9), 10)	United Kingdom, Bedford	74.00	GBP	0	0
DSC Healthcare Trustees Limited 3), 5), 9)	United Kingdom, Milton Keynes	100.00	GBP	0	-
J F Hillebrand (GC) Limited 3), 9)	United Kingdom, Renfrew	100.00	GBP	1	-6
Rosier Distribution Limited 5)	United Kingdom, Milton Keynes	100.00	GBP	0	-
Tankfreight Limited 3), 5), 9)	United Kingdom, Milton Keynes	100.00	GBP	2	0
Transclear Limited 2), 5), 9)	United Kingdom, Grays	100.00	GBP	38	35
VinExport S.r.l. 2), 9)	Italy, Vallecrosia	100.00	EUR	29	19
UNITRANS Deutschland Gesellschaft für Terminverkehre mbH 2), 9)	Germany, Düsseldorf	69.23	EUR	598	181
Americas
DHL Express (Belize) Limited 4), 5)	Belize, Belize City	100.00	EUR	-	-
DHL International (Antigua) Ltd. 4), 5)	Antigua and Barbuda, St. Johns	100.00	USD	-	-
EWS IMPORTS LLC 2), 9)	USA, Miami	100.00	USD	20	5
Inversiones 3340, C.A. 11)	Venezuela, Caracas	49.00	VES	40,000	-
Safe Way Argentina S.A. 4); 5)	Argentina, Buenos Aires	100.00	ARS	-	-
Asia Pacific
Braid Logistics Australia Pty Ltd 3)	Australia, Geelong West	100.00	EUR	7,871	0
Concorde Air Logistics Ltd. 9), 10)	India, Mumbai	99.54	INR	50,330	550
DHL Customs Brokerage Corp. 4), 8)	Philippines, Pasay City	100.00	PHP	-	-
DHL Express LLP 4), 5)	Kazakhstan, Almaty	100.00	KZT	2,000	0
DHL ISC (Hong Kong) Limited 3), 8)	China, Hong Kong	100.00	EUR	27,308	497
Exel Logistics Delbros Philippines Inc. 4), 8)	Philippines, Manila	60.00	PHP	-	-
PT Cargotama Multi Servisindo 8)	Indonesia, Jakarta	100.00	IDR	0	0
Other Regions
DANZAS AEI (Private) Ltd. 4), 5)	Zimbabwe, Harare	100.00	USD	-	-
Danzas AEI Intercontinental LTD 4), 8)	Malawi, Blantyre	100.00	MWK	-	-
DGF Customs Consultancy Limited 7b), 9)	Turkey, Istanbul	0.00	TRY	5,600	5,381
DHL Air Freight Forwarder (Egypt) WLL 4), 8)	Egypt, Cairo	99.90	EGP	-	-
Tibbett & Britten Egypt Ltd. 8)	Egypt, Cairo	50.00	EGP	-	-
Joint Operations (Quota Consolidation)
Europe				38,338	16,586
Aerologic GmbH	Germany, Schkeuditz	50.00	EUR
Joint Ventures (at Equity Consolidation)
Europe
APM Solutions Sp. z o.o. 9), 10)	Poland, Warsaw	49.00	PLN	688	-1,152
Health Solutions Team Limited 3), 9)	United Kingdom, Milton Keynes	50.00	GBP	8,059	2,335

List of shareholdings					Page 10 of 10
31 December 2023
Name	Group equity	Currency	Equity in	Net income in
Country, Headquarters	share %	thousands	thousands
Associated Companies (Accounting treatment in the Consolidated Financial Statements following the Equity Method)
Europe
Cargo Center Sweden AB 1), 3), 9)	Sweden, Stockholm	50.00	SEK	28,384	8,954
Corridor Solutions Ltd. 4), 7b)	United Kingdom, St. Peter Port	14.75	GBP	-	-
Everstream Analytics GmbH 1),4)	Germany, Bonn	100.00	EUR	-	-
MEDIACO Logistique Normandie SAS 4)	France, Sandouville	25.00	EUR	2,147	348
Americas
Integracion Aduanera S. A. 3), 5)	Costa Rica, San José	51.00	CRC	325,953	-
Supply Network Visibility Holdings, LLC 1),11)	USA, Delaware	19.53	USD	17,893	-13,170
Resilience360 Inc. 1),11)	USA, Delaware	100.00	USD	-	-
Stormpulse Inc. 1),11)	USA, Austin	100.00	USD	-	-
Asia Pacific
Danzas Intercontinental, Inc. (Philippines) 8)	Philippines, Manila	39.98	PHP	-3,367	-
Myanmar DHL Limited 9), 10)	Myanmar, Rangoon	49.00	MMK	9,755,325	8,402,740
Fareye Technologies Private Limited 7b), 9), 10)	India, New Delhi	9.85	INR	3,858,630	-2,433,530
Tasman Cargo Airlines Pty. Limited 3), 9)	Australia, Mascot	48.98	AUD	15,763	2,307
ASMO Advanced Logistics Services Co. LLC 7b)	United Arab Emirates, Dhahran	51.00	SAR	0	0
Other Regions
Bahwan Exel LLC 10)	Oman, Muscat	44.10	OMR	370	1,090
Global-E Online Ltd. 1), 3), 7b), 9)	Israel, Kiryat Ono	12.40	USD	928,121	-195,405
RailDirect LLC	United Arab Emirates, Abu Dhabi	49.00	AED	91,959	8,041
Non-consolidated associated companies 13)
Europe
Compador Dienstleistungs GmbH 2), 9)	Germany, Berlin	26.00	EUR	0	298
Diorit Grundstücksverwaltungsgesellschaft mbH & Co. Vermietungs KG 2), 9), 15)	Germany, Mainz	49.00	EUR	0	28
Expo-Dan4), 5)	Ukraine, Kiev	50.00	UAH	-	-
Gardermoen Perishable Center AS 3), 9)	Norway, Gardermoen	33.33	NOK	21,859	257
Jurte Grundstücksverwaltungsgesellschaft mbH & Co. Vermietungs KG 2), 9) 15)	Germany, Mainz	94.00	EUR	23	-2
Asia Pacific
Braid Logistics Asia Pte Ltd Corporation 2), 9)	Philippines, Dasmarinas	38.00	PHP	-4,622	-6,985
Americas
Consimex S.A. 3), 9)	Colombia, Medellin	32.79	COP	-8,183,521	1,797,431
DHL International (Cayman) Ltd.	Cayman Islands, George Town	40.00	KYD	3,129	300
Other Regions
DHL Yemen Company Limited (Express Courier) 3), 9)	Yemen, Sanaa	49.00	YER	322,814	172,723
Drakensberg Logistics (Pty) Ltd. 3), 9)	South Africa, Ladysmith	50.00	ZAR	21,700	2,008
Reported IFRS data	8 In liquidation
1 Only Subgroup data available	9 Local GAAP
2 Numbers from 2021	10 Numbers as of March 31 of the reporting year
3 Numbers from 2022	11 Numbers from 2020
4 Data not available	12 Special purpose entity
5 Dormant	13 Not included, because they do not have significant influence for group net assets,
6 Numbers after profit transfer	financial position and results of operations
7a Inclusion acc. IFRS 10.7: majority of voting rights	14 Partner with unlimited liability is Deutsche Post AG or other consolidated
7b Inclusion acc. IFRS 10.7: company's contractual agreements	subsidiary, acc. § 313 (2) Nr.6 local GAAP
7c Inclusion acc. IFRS 10.7: other contractual arrangements	15 Voting rights