A.P. Møller - Mærsk

Transaction in Own Shares • Nov 23, 2015

                              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.

The following transactions have been made under the program in the period 16
November November 2015 to 13 November 2015:

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

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Accumulated, last 36,610 374,828,272
announcement
16 November 2015 727 9,707.71 7,057,506
17 November 2015 563 9,814.64 5,525,640
18 November 2015 738 9,781.67 7,218,870
19 November 2015 738 9,943.47 7,338,282
20 November 2015 758 9,818.36 7,442,321
Accumulated under the program 40,134 409,410,891

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

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Accumulated last announcement 144,853 1,522,257,759
16 November 2015 2,659 9,932.24 26,409,816
17 November 2015 2,134 10,041.35 21,428,249
18 November 2015 2,790 9,998.65 27,896,246
19 November 2015 2,954 10,158.29 30,007,594
20 November 2015 2,790 10,008.95 27,924,971
Accumulated under the program 158,180 1,655,924,634

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With the transactions stated above, the Company owns a total of 40,134 A shares
and 243,432 B shares as treasury shares, corresponding to 1.32 % of the share
capital.

Copenhagen, 23 November 2015

Contact persons:

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

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