A.P. Møller - Mærsk

Share Issue/Capital Change • Mar 27, 2015

                              ANNOUNCEMENT

A.P. Møller - Mærsk A/S – Offering of Danske Bank A/S shares to shareholders:
End of offer period, determination of offer price and expected extraordinary
dividend

Reference is made to A.P. Møller - Mærsk A/S’ (“APMM”) announcement of 19 March
2015 and the prospectus published on the same date.

The offer period for APMM’s offering of its entire ownership interest in Danske
Bank A/S (“Danske Bank”) (corresponding to 202,209,171 shares) (the “Offering”)
ended yesterday 26 March 2015 at 8:00 p.m. (CET).

Out of the 202,209,171 Danske Bank shares offered, 92% has been ordered. A. P.
Møller Holding A/S, who had made an undertaking to order 151,293,000 Danske
Bank shares and declared an intention to order up to an additional 20,421,796
Danske Bank shares, has ordered 171,714,796 shares in total.

The offer price which has been determined as the volume weighted average price
(VWAP) of Danske Bank shares traded on Nasdaq Copenhagen during the five
trading days in the period from Friday 20 March 2015 to Thursday 26 March 2015
(both days incl.) amounts to DKK 177.27 per Danske Bank share.

Completion of the Offering is conditional upon the Annual General Meeting of
APMM authorising, the board of directors of APMM declaring an extraordinary
dividend no later than three days prior to settlement and the Offering not
being withdrawn. The extraordinary dividend is expected to amount to DKK 1,671
per APMM share of nominally DKK 1,000.

If the extraordinary dividend is authorised and declared on 30 March 2015, the
dividend will be paid on Tuesday, 7 April 2015 together with the ordinary
dividend declared at the Annual General Meeting. Settlement of Danske Bank
orders is expected to take place on Wednesday, 8 April 2015 subject to
completion of the Offering.

Copenhagen, 27 March 2015

Contact persons:

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

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

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