A.P. Møller - Mærsk

Annual Report • Feb 8, 2017

The Annual Report 2016 for A.P. Møller - Mærsk A/S is hereby enclosed.

The Group CEO, Søren Skou, states:

“2016 was a difficult year financially, with headwinds in all of our markets.
However, it was also a year when we decided to substantially transform A.P.
Møller - Mærsk A/S for the future. We have set a new course that over the next
few years will lead A.P. Møller - Mærsk A/S to become a focused container
shipping, logistics and ports company with the aim of growing revenue again.

We delivered an underlying profit of USD 711m, in line with guidance but
clearly unsatisfactory. The main driver of the underlying result was a loss in
Maersk Line. A.P. Møller - Mærsk A/S reported a net loss for the year of USD
1.9bn impacted by impairments totalling USD 2.7bn in Maersk Drilling and Maersk
Supply Service as a consequence of significant over-supply and reduced
long-term demand expectations.

As communicated at our Capital Markets Day in December, our top priorities for
2017 remain integrating our Transport & Logistics businesses, taking out cost
in APM Terminals and Damco, closing the Hamburg-Süd acquisition, as well as
progressing the work on finding structural solutions for each of our oil and
oil-related businesses.

For 2017, we expect A.P. Møller - Mærsk A/S to deliver an underlying profit
above 2016, mainly driven by an improvement in underlying profit in excess of
USD 1bn in Maersk Line compared to 2016.”

Contact persons:

Head of Investor Relations, Stig Frederiksen, tel. +45 3363 3106

Senior Press Officer, Simon Mehl Augustesen, tel. +45 3363 1901