A.P. Møller - Mærsk

Transaction in Own Shares • Sep 29, 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 22
September 2014 to 26 September 2014:

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

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Accumulated, last 7,824 111,015,092
announcement
22 September 2014 379 14,597.08 5,532,294
23 September 2014 980 14,475.77 14,186,259
24 September 2014 846 14,086.63 11,917,293
25 September 2014 533 13.917,12 7,417,823
26 September 2014 570 13,985.94 7,971,983
Accumulated under the program 11,132 158,040,743

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

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Accumulated last announcement 30,703 454,127,677
22 September 2014 2,462 15,141.14 37,277,487
23 September 2014 3,037 15,008.06 45,579,493
24 September 2014 3,201 14,560.44 46,607,955
25 September 2014 2,216 14,299.96 31,688,702
26 September 2014 2,211 14,428.31 31,901,004
Accumulated under the program 43,830 647,182,318

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With the transactions stated above, the Company owns a total of 11,132 A shares
and 146,752 B shares as treasury shares, corresponding to 0.72% of the share
capital.

Copenhagen, 29 September 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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