A.P. Møller - Mærsk

Transaction in Own Shares • Dec 15, 2014

                              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 8
December 2014 to 12 December 2014:

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

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Accumulated, last 45,230 586,323,312
announcement
8 December 2014 1,230 11,674.82 14,360,025
9 December 2014 1,230 11,391.83 14,011,955
10 December 2014 1,261 11,580.24 14,602,677
11 December 2014 1,384 11,069.73 15,320,511
12 December 2014 1,230 11,080.23 13,628,687
Accumulated under the program 51,565 658,247,167

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

---

Accumulated last announcement 180,944 2,415,422,929
8 December 2014 4,925 11,943.76 58,823,002
9 December 2014 4,925 11,654.86 57,400,169
10 December 2014 5,089 11,836.13 60,234,052
11 December 2014 5,910 11,319.59 66,898,787
12 December 2014 5,253 11,357.83 59,662,696
Accumulated under the program 207,046 2,718,441,635

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With the transactions stated above, the Company owns a total of 51,565 A shares
and 309,808 B shares as treasury shares, corresponding to 1.64% of the share
capital.

Copenhagen, 15 December 2014

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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