A.P. Møller - Mærsk

Transaction in Own Shares • Feb 29, 2016

                              ANNOUNCEMENT

A.P. Møller - Mærsk A/S – Transactions in connection with share buy-back program

On 31 August 2015 A.P. Møller - Mærsk A/S (the Company) announced first phase
of a share buy-back program in compliance with the EU Commission Regulation no.
2273/2003 of 22 December 2003 (the Safe Harbour regulation). The share buy-back
program of up to DKK 6.7bn is to be executed during a 12-month period beginning
1 September 2015.

During the second phase of the program running from 1 December 2015 to 31 March
2016, the Company will buy-back A and B shares for an amount of up to DKK 4,400
mill.

The following transactions have been made under the program in the period 22
February 2016 to 26 February 2016:

                              Number of      Average      Transaction value,
                               A shares     purchase           A shares, DKK
                                             price A                        
                                         shares, DKK

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Accumulated, last announcement 123,450 1,125,032,917
22 February 2016 828 8,218.56 6,804,968
23 February 2016 1,708 8,230.70 14,058,036
24 February 2016 1,761 7,945.09 13,991,303
25 February 2016 1,195 8,140.80 9,728,256
26 February 2016 594 8,505.49 5,052,261

Accumulated in second 84,893 719,704,266
phase of the program

---

Accumulated under the program 129,536 1,174,667,741

                                    Number of         Average    Transaction
                                     B shares        purchase         value,
                                                      price B  B shares, DKK
                                                  shares, DKK

---

Accumulated last announcement 491,811 4,569,633,052
22 February 2016 3,449 8,390.80 28,939,869
23 February 2016 6,591 8,433.80 55,587,176
24 February 2016 7,059 8,157.41 57,583,157
25 February 2016 4,785 8,344.30 39,927,476
26 February 2016 2,389 8,642.09 20,645,953
Accumulated in second 339,603 2,927,655,778
phase of the program

---

Accumulated under the program 516,084 4,772,316,683

With the transactions stated above, the Company owns a total of 129,536 A
shares and 601,336 B shares as treasury shares, corresponding to 3.39% of the
share capital.

Copenhagen, 29 February 2016

Contact persons:

Senior Investor Relations Officer, Johan Mortensen, tel. +45 3363 3622

Head of Media Relations, Louise Münter, tel. +45 3363 1912

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