A.P. Møller - Mærsk

Transaction in Own Shares • Oct 27, 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 20.
October 2014 to 24 October 2014:

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

---

Accumulated, last 18,551 253,122,048
announcement
20 October 2014 307 12,093.87 3,712,817
21 October 2014 444 12,422.03 5,515,380
22 October 2014 295 12,785.35 3,771,677
23 October 2014 344 12,797.98 4,402,504
24 October 2014 615 12,849.03 7,902,155
Accumulated under the program 20,556 278,426,582

---

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

---

Accumulated last announcement 75,332 1,063,227,950
20 October 2014 1,970 12,498.79 24,622,620
21 October 2014 967 12,805.45 12,382,870
22 October 2014 1,602 13,161.62 21,084,913
23 October 2014 1,255 13,182.71 16,544,296
24 October 2014 2,626 13,235.08 34,755,323
Accumulated under the program 83,752 1,172,617,972

---

With the transactions stated above, the Company owns a total of 20,556 A shares
and 186,594 B shares as treasury shares, corresponding to 0.94% of the share
capital.

Copenhagen, 27 October 2014

Contact persons:

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

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