A.P. Møller - Mærsk

Transaction in Own Shares • Sep 8, 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 1
September 2014 to 5 September 2014:

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

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Accumulated, last 0 0
announcement
1 September 2014 418 13,601.81 5,685,558
2 September 2014 682 13,768.23 9,389,932
3 September 2014 444 13,895.07 6,169,411
4 September 2014 389 13,939.53 5,422,476
5 September 2014 367 14,052.29 5,157,191
Accumulated under the program 2,300 31,824,568

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

---

Accumulated last announcement 0 0
1 September 2014 1,658 14,164.58 23,484,881
2 September 2014 2,165 14,362.65 31,095,128
3 September 2014 1,594 14,469.13 23,063,801
4 September 2014 1,641 14,472.61 23,749,553
5 September 2014 1,641 14,633.79 24,014,049
Accumulated under the program 8,699 125,407,412

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With the transactions stated above, the Company owns a total of 2,300 A shares
and 113,176 B shares as treasury shares, corresponding to 0.53% of the share
capital.

Copenhagen, 8 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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