A.P. Møller - Mærsk

M&A Activity • Nov 30, 2017

                              ANNOUNCEMENT

A.P. Møller - Mærsk A/S – Maersk Line A/S’ acquisition of Hamburg Süd closed

On 28 April 2017, Maersk Line A/S, a 100% owned subsidiary of A.P. Møller -
Mærsk A/S (APMM), announced that it would acquire the German container shipping
line Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd)
from the Oetker Group for EUR 3.7 bn on a cash and debt-free basis (Enterprise
Value).

All regulatory approvals have now been obtained and the acquisition was closed
today.

As previously announced the acquisition is expected to generate annual
operational synergies of around USD 350-400m as from 2019, primarily derived
from integrating and optimizing the vessel networks as well as utilizing the
terminal capacity in APM Terminals.

Overall APMM guidance for 2017 remains unchanged as the net impact on
underlying result from the consolidation of Hamburg Süd will be immaterial. The
underlying result is excluding transaction and integration costs of which
around USD 70m will be accounted for in 2017.

Copenhagen, 30 November 2017

Contact persons:

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

Head of External Relations, Signe Wagner, tel. +45 3363 3534

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