A.P. Møller - Mærsk

Transaction in Own Shares • Sep 21, 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 14
September 2015 to 18 September 2015:

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

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Accumulated, last 5,923 64,082,765
announcement
14 September 2015 768 10,531.20 8,087,962
15 September 2015 768 10,350.53 7,949,210
16 September 2015 615 10,363.68 6,373,665
17 September 2015 656 10,449.38 6,854,790
18 September 2015 676 10,274.67 6,945,675
Accumulated under the program 9,406 100,294,066

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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 23,224 257,911,812
14 September 2015 2,831 10,845.53 30,703,697
15 September 2015 2,790 10,664.15 29,752,970
16 September 2015 2,626 10,695.14 28,085,439
17 September 2015 2,626 10,768.38 28,277,761
18 September 2015 2,954 10,603.73 31,323,412
Accumulated under the program 37,051 406,055,091

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With the transactions stated above, the Company owns a total of 9,406 A shares
and 122,303 B shares as treasury shares, corresponding to 0.61% of the share
capital.

Copenhagen, 21 September 2015

Contact persons:

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

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