A.P. Møller - Mærsk

Transaction in Own Shares • Oct 20, 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 13.
October 2014 to 17 October 2014:

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

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Accumulated, last 16,164 224,476,848
announcement
13 October 2014 215 12,377.71 2,661,209
14 October 2014 307 12,258.53 3,763,370
15 October 2014 1,025 12,122.02 12,425,071
16 October 2014 717 11,612.17 8,325,927
17 October 2014 123 11,948.17 1,469,625
Accumulated under the program 18,551 253,122,048

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

---

Accumulated last announcement 64,072 923,011,015
13 October 2014 1,001 12,774.11 12,786,889
14 October 2014 1,805 12,674,45 22,877,374
15 October 2014 5,746 12,495.29 71,797,928
16 October 2014 1,888 11,988.00 22,633,336
17 October 2014 820 12,343.18 10,121,408
Accumulated under the program 75,332 1,063,227,950

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With the transactions stated above, the Company owns a total of 18,551 A shares
and 178,174 B shares as treasury shares, corresponding to 0.90% of the share
capital.

Copenhagen, 20 October 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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