A.P. Møller - Mærsk

Transaction in Own Shares • Nov 16, 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 9
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 33,127 340,402,856
announcement
9 November 2015 656 10,164.53 6,667,933
10 November 2015 717 9,912.95 7,107,585
11 November 2015 666 9,942.65 6,621,802
12 November 2015 717 9,796.93 7,024,398
13 November 2015 727 9,633.70 7,003,698
Accumulated under the program 36,610 374,828,272

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

---

Accumulated last announcement 130,624 1,377,890,120
9 November 2015 2,708 10,461.59 28,329,980
10 November 2015 2,954 10,178.88 30,068,413
11 November 2015 2,954 10,192.44 30,108,481
12 November 2015 2,954 10,036.23 29,647,021
13 November 2015 2,659 9,858.50 26,213,744
Accumulated under the program 144,853 1,522,257,759

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With the transactions stated above, the Company owns a total of 36,610 A shares
and 230,105 B shares as treasury shares, corresponding to 1,24% of the share
capital.

Copenhagen, 16 November 2015

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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