A.P. Møller - Mærsk

Transaction in Own Shares • Mar 2, 2015

                              ANNOUNCEMENT

A.P. Møller - Mærsk A/S – Transactions in connection with share buy-back program

On 29 August 2014 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 5.6bn is to be executed during a 12-month period beginning
1 September 2014.

During the second phase of the program running from 24 November 2014 to 28
February 2015, the Company will buy-back A and B shares for an amount of up to
DKK 3,320 mill. (equivalent to approximately USD 550 mill.).

The following transactions have been made under the program in the period 23
February 2015 to 27 February 2015:

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

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Accumulated, last 83,517 1,048,808,244
announcement
23 February 2015 410 13,675.00 5,606,750
24 February 2015 672 13,357.38 8,976,158
25 February 2015 793 14,307.62 11,345,945
26 February 2015 588 14,994.08 8,816,517
27 February 2015 520 14,902.20 7,749,146
Accumulated in second 52,892 646,756,968
phase of the program

---

Accumulated under the program 86,500 1,091,302,761

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

---

Accumulated last announcement 332,892 4,313,599,354
23 February 2015 2,905 14,162.21 41,141,209
24 February 2015 2,692 13,846.29 37,274,220
25 February 2015 3,201 14,944.75 47,838,157
26 February 2015 2,347 15,615.98 36,650,711
27 February 2015 2,081 15,458.38 32,168,896
Accumulated in second 211,565 2,673,225,119
phase of the program

---

Accumulated under the program 346,118 4,508,672,546

With the transactions stated above, the Company owns a total of 86,500 A shares
and 444,010 B shares as treasury shares, corresponding to 2.41% of the share
capital.

The DKK 5.6 billion share buy-back program initiated on 1 September 2014 has
thereby been concluded as per 27 February 2015. At the Company’s annual general
meeting on 30 March 2015 a proposal will be brought forward to cancel all
shares acquired pursuant to the share buy-back program.

Copenhagen, 3 March 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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