A.P. Møller - Mærsk

Transaction in Own Shares • Feb 9, 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 2
February 2015 to 6 February 2015:

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

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Accumulated, last 74,296 928,546,694
announcement
2 February 2015 512 12,964.16 6,637,650
3 February 2015 615 13,124.30 8,071,445
4 February 2015 717 13,060.43 9,364,327
5 February 2015 615 12,982.30 7,984,115
6 February 2015 553 13,105.67 7,247,434
Accumulated in second 43,700 523,305,871
phase of the program

---

Accumulated under the program 77,308 967,851,664

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

---

Accumulated last announcement 295,485 3,809,156,647
2 February 2015 2,462 13,367.56 32,910,933
3 February 2015 2,462 13,557.69 33,379,025
4 February 2015 2,544 13,470.87 34,269,896
5 February 2015 2,626 13,397.30 35,181,310
6 February 2015 2,298 13,559.01 31,158,598
Accumulated in second 173,324 2,140,608,982
phase of the program

---

Accumulated under the program 307,877 3,976,056,409

With the transactions stated above, the Company owns a total of 77,308 A shares
and 410.429 B shares as treasury shares, corresponding to 2.22% of the share
capital.

Copenhagen, 9 February 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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