A.P. Møller - Mærsk — M&A Activity 2016

Dec 1, 2016

                              ANNOUNCEMENT

A.P. Møller - Mærsk A/S – Maersk Line A/S to acquire Hamburg Süd

A.P. Møller - Mærsk A/S’ subsidiary Maersk Line A/S (Maersk Line) and the
Oetker Group have reached an agreement for Maersk Line to acquire the German
container shipping line Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft
KG (Hamburg Süd). The acquisition is subject to final agreement and regulatory
approvals.

Hamburg Süd is the world’s seventh largest container shipping line and a leader
in the North – South trades. The company operates 130 container vessels with a
container capacity of 625,000 TEU (twenty-foot equivalent). Hamburg Süd has
5,960 employees in more than 250 offices across the world and markets its
services through the Hamburg Süd, CCNI (based in Chile) and Aliança (based in
Brazil) brands. In 2015, Hamburg Süd had a turnover of USD 6,726 million of
which USD 6,261 million stems from its container line activities.

With this acquisition, Maersk Line follows the strategy announced on 22
September 2016 to grow market share organically and through acquisitions.
Acquiring Hamburg Süd will create a unique opportunity for further development
of Maersk Line’s business to the benefit of customers, employees as well as
shareholders.

With the acquisition of Hamburg Süd, Maersk Line will grow its global capacity
share to approximately 18.6% (15.7%), its nominal capacity to around 3.8
million TEU (3.1 million TEU) while decreasing the average age of the combined
fleet of more than 700 vessels to 8.7 years compared to Maersk Line’s present
vessel age of 9.2 years.

A.P. Møller - Mærsk A/S expects to communicate further details following the
approval of the sales and purchase agreement expected early in the second
quarter of 2017. A.P. Møller - Mærsk A/S expects to close the transaction end
2017.

The acquisition will have no impact on A.P. Møller - Mærsk A/S’ outlook for
2016.

Copenhagen, 1 December 2016

Contact persons:

Head of Investor Relations, Stig Frederiksen, tel. +45 33633106

Press Officer, Mikkel Linnet, tel. +45 3363 8515

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