A.P. Møller - Mærsk

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

The purpose of the share buy-back program is to adjust the capital structure of the Company and to meet the obligations arising from sharebased incentive programs.

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 8 September 2014 to 12 September 2014:

	Number of A shares	Average purchase price A shares, DKK	Transaction value, A shares, DKK
Accumulated, last announcement	2,300		31,824,567
8 september 2014	455	14.197.70	6,459,955
9 september 2014	512	14.320.72	7,332,209
10 september 2014	680	14.292.89	9,719,166
11 september 2014	717	14.277.33	10,236,845
12 september 2014	563	14.287.78	8,044,021
Accumulated under the program	5,227		73.616.762

	Number of B shares	Average purchase price B shares, DKK	Transaction value, B shares, DKK
Accumulated last announcement	8,699		125,407,412
8 september 2014	1,970	14,783.31	29,123,117
9 september 2014	1,728	14,888.72	25,727,705
10 september 2014	2,339	14,886.89	34,820,439
11 september 2014	2,380	14,866.11	35,381,343
12 september 2014	2,121	14,865.00	31,528,673
Accumulated under the program	19,237		281,988,689

With the transactions stated above, the Company owns a total of 5.227 A shares and 122,869 B shares as treasury shares, corresponding to 0.58% of the share capital.

Copenhagen, 15 September 2014

Contact persons:

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

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