A.P. Møller - Mærsk

Transaction in Own Shares • Nov 3, 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 (equivalent to approximately USD 1bn) is to be
executed during a 12-month period beginning 1 September 2014.

During the first phase of the program running from 1 September 2014 to 30
November 2014, the Company will buy-back A and B shares for an amount of up to
DKK 2,280 mill. (equivalent to approximately USD 400 mill.).

The following transactions have been made under the program in the period 27.
October 2014 to 31 October 2014:

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

---

Accumulated, last 20,556 278,426,582
announcement
27 October 2014 699 12,959.91 9,058,978
28 October 2014 356 13,070.11 4,652,961
29 October 2014 268 13,264.27 3,554,826
30 October 2014 842 13,160.80 11,081,396
31 October 2014 621 13,401.95 8,322,609
Accumulated under the program 23,342 315,097,353

---

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

---

Accumulated last announcement 83,752 1,172,617,972
27 October 2014 2,708 13,352.59 36,158,808
28 October 2014 1,016 13,479.08 13,694,744
29 October 2014 1,333 13,706.48 18,270,735
30 October 2014 3,460 13,590.20 47,022,106
31 October 2014 2,298 13,839.36 31,802,917
Accumulated under the program 94,567 1,319,567,282

---

With the transactions stated above, the Company owns a total of 23,342 A shares
and 197,409 B shares as treasury shares, corresponding to 1% of the share
capital.

Copenhagen, 3 November 2014

Contact persons:

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

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

                                                                 Page 1 of 1