A.P. Møller - Mærsk

AGM Information • Apr 12, 2016

                              ANNOUNCEMENT

A.P. Møller - Mærsk A/S - Development of the Annual General Meeting on 12 April
2016

The Annual General Meeting of A.P. Møller - Mærsk A/S took place on 12 April
2016 at Bella Center, Copenhagen, in accordance with the below agenda.

The Board of Directors had appointed Mr. Søren Meisling, attorney-at-law, as
Chairman of the meeting.

Agenda

a) Report on the Company’s activities during the past financial year.

       The Chairman of the Board of Directors gave a presentation of the

Company’s activities in the past year.

b) Submission of the audited annual report for adoption.

    The audited annual report was submitted and adopted.

c) Resolution to grant discharge to directors.

    The General Meeting discharged the Directors from their obligations.

d) Resolution on appropriation of profit, including the amount of
dividends, or covering of loss in accordance with the adopted annual report.

    The Board’s proposal for distribution of the net result in accordance

with the adopted annual report for 2015 was adopted as it was decided to pay
out an ordinary dividend of DKK 300 per share of nominally DKK 1,000.

e) Any requisite election of members for the Board of Directors.

       Ane Mærsk Mc-Kinney Uggla, Renata Frolova, Jan Leschly, Palle

Vestergaard Rasmussen, Robert Routs, Robert Mærsk Uggla and Sir John Bond
stepped down from the Board of Directors.

       Upon proposal from the Board of Directors, Ane Mærsk Mc-Kinney

Uggla, Renata Frolova, Jan Leschly, Palle Vestergaard Rasmussen, Robert Routs
and Robert Mærsk Uggla were re-elected.

       Further, upon proposal from the Board of Directors, Jim Hagemann

Snabe was elected as new member of the Board of Directors.

       Hereafter, the Board of Directors consisted of:

       Michael Pram Rasmussen, Niels Jacobsen, Ane Mærsk Mc-Kinney Uggla,

Robert Routs, Dorothee Blessing, Arne Karlsson, Palle Vestergaard Rasmussen,
Niels Bjørn Christiansen, Robert Mærsk Uggla, Renata Frolova, Jan Leschly and
Jim Hagemann Snabe.

f) Election of auditors.

       KPMG Statsautoriseret Revisionspartnerskab and

PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab stood down as
auditors of the Company.

       Upon proposal from the Board of Directors, PricewaterhouseCoopers

Statsautoriseret Revisionspartnerselskab was re-elected as auditor of the
Company.

g) Deliberation of any proposals submitted by the Board of Directors or by
shareholders.

1. The General Meeting adopted the Board’s proposal to decrease the Company’s
   share capital in accordance with the following:

The share capital was decreased from nominally DKK 21,545,382,000 with
nominally DKK 728,520,000 in total, divided into 146,122 A shares and 582,398 B
shares of DKK 1,000 to nominally DKK 20,816,862,000 by cancellation of own
shares.

The capital decrease would take place with a share premium at a rate of 905.02
and 923.28 for A and B shares, respectively, cf. section 188, subsection 1,
paragraph 2 of the Danish Companies Act, corresponding to the average price at
which the shares have been repurchased. The amount from the capital decrease
would be paid out to the company as owner of the shares as the amount would be
transferred from the Company’s capital reserves to the free reserves.

As a consequence of this proposal, article 2.1 of the Articles of Association
would be amended.

1. The General Meeting adopted the Board’s proposal to change the Company’s
   shares from being bearer shares to registered shares. As a consequence of
   this proposal, article 2.3 of the Articles of Association would be amended.
2. The General Meeting adopted the Board’s proposal to delete the provision in
   article 9.1 of the Articles of Association regarding notice convening the
   General Meetings via the Danish Business Authority’s IT system. As a
   consequence of this proposal, article 9.1 of the Articles of Association
   would be amended.
3. The General Meeting adopted the Board’s proposal to amend article 11.2,
   second sentence so that the reference to the Company’s registered share
   capital was deleted. As a consequence of this proposal, article 11.2,
   second sentence would be amended.

                             _____________
   

Meeting adjourned.

Contact person: Executive Vice President Lars-Erik Brenøe, tel. no. +45 33 63
36 07.