A.P. Møller - Mærsk

Transaction in Own Shares • Jan 18, 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 4
January 2016 to 8 January 2016:

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

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Accumulated, last announcement 77,047 749,891,423
11 January 2016 1,517 8,022.41 12,169,996
12 January 2016 1,189 7,955.81 9,459,458
13 January 2016 1,312 7,975.52 10,463,882
14 January 2016 892 7,944.85 7,086,806
15 January 2016 1,722 7,745.93 13,338,491

Accumulated in second 39,036 347,446,583
phase of the program

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Accumulated under the program 83,679 802,410,057

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

---

Accumulated last announcement 305,872 3,038,828,662
11 January 2016 5,746 8,123.28 46,676,367
12 January 2016 5,253 8,046.22 42,266,794
13 January 2016 5,253 8,062.43 42,351,945
14 January 2016 3,612 8,022.31 28,976,584
15 January 2016 6,895 7,840.69 54,061,558
Accumulated in second 156,150 1,408,501,004
phase of the program

---

Accumulated under the program 332,631 3,253,161,909

With the transactions stated above, the Company owns a total of 83,679 A shares
and 417,883 B shares as treasury shares, corresponding to 2.33% of the share
capital.

Copenhagen, 18 January 2016

Contact persons:

Head of Investor Relations, Henrik Lund, tel. +45 3363 3106

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

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