A.P. Møller - Mærsk

Transaction in Own Shares • Jan 5, 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 22 December 2014 to 2 January 2015:

	Number of A shares	Average purchase price A shares, DKK	Transaction value, A shares, DKK
Accumulated, last announcement	58,513		736,170,351
22 December 2014	820	11,895.38	9,754,208
23 December 2014	615	11,957.53	7,353,883
29 December 2014	512	12,026.88	6,157,763
30 December 2014	615	11,979.93	7,367.659
2 January 2015	537	12,087.02	6,490,731
Accumulated in second phase of the program	28,004		328.748.801
Accumulated under the program	61,612		773,294,594

	Number of B shares	Average purchase price B shares, DKK	Transaction value, B shares, DKK
Accumulated last announcement	228,880		2,969,355,643
22 December 2014	2,791	12,273.52	34,255,388
23 December 2014	2,626	12,359.14	32,455,112
29 December 2014	2,462	12,398.39	30,524,828
30 December 2014	2,544	12,374.03	31,479,522
2 January 2015	1,756	12,466.79	21,891,674
Accumulated in second phase of the program	106,506		1,284,514,739
Accumulated under the program	241,059		3,119,962,166

With the transactions stated above, the Company owns a total of 61,612 A shares and 343,812 B shares as treasury shares, corresponding to 1.84% of the share capital.

Copenhagen, 5 January 2015

Contact persons:

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

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