A.P. Møller - Mærsk

Transaction in Own Shares • Nov 30, 2015

                              ANNOUNCEMENT

A.P. Møller - Mærsk A/S – Transactions in connection with share buy-back program

On 31 August 2015 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 6.7bn is to be executed during a 12-month period beginning
1 September 2015.

The following transactions have been made under the program in the period 23
November November 2015 to 27 November 2015:

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

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Accumulated, last 40,134 409,410,891
announcement
23 November 2015 615 9,797.27 6,025,319
24 November 2015 758 9,882.70 7,491,089
25 November 2015 676 10,034.85 6,783,558
26 November 2015 1,025 10,204.00 10,459,100
27 November 2015 615 10,166.83 6,252,602
Accumulated under the program 43,823 446,422,559

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

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Accumulated last announcement 158,180 1,655,924,634
23 November 2015 2,462 9,985.88 24,585,228
24 November 2015 2,872 10,084.70 28,963,258
25 November 2015 2,626 10,244.38 26,901,729
26 November 2015 3,283 10,405.43 34,161,027
27 November 2015 3,611 10,374.90 37,463,772
Accumulated under the program 173,034 1,807,999,648

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With the transactions stated above, the Company owns a total of 43,823 A shares
and 258,286 B shares as treasury shares, corresponding to 1.40 % of the share
capital.

Copenhagen, 30 November 2015

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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