A.P. Møller - Mærsk

Transaction in Own Shares • Feb 16, 2015

                              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 is to be executed during a 12-month period beginning
1 September 2014.

During the second phase of the program running from 24 November 2014 to 28
February 2015, the Company will buy-back A and B shares for an amount of up to
DKK 3,320 mill. (equivalent to approximately USD 550 mill.).

The following transactions have been made under the program in the period 9
February 2015 to 13 February 2015:

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

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Accumulated, last 77,308 967,851,664
announcement
9 February 2015 615 12,910.77 7,940,122
10 February 2015 594 12,740.76 7,568,011
11 February 2015 820 12,496.95 10,247,499
12 February 2015 779 12,618.53 9,829,832
13 February 2015 717 12,858.00 9,219,186
Accumulated in second 47,225 568,110,520
phase of the program

---

Accumulated under the program 80,833 1,012,656,313

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

---

Accumulated last announcement 307,877 3,976,056,409
9 February 2015 2,462 13,328.47 32,814,701
10 February 2015 2,380 13,157.00 31,313,660
11 February 2015 2,955 12,887.25 38,081,819
12 February 2015 2,791 12,958.61 36,167,486
13 February 2015 2,626 13,237.48 34,761,626
Accumulated in second 186,538 2,313,748,273
phase of the program

---

Accumulated under the program 321,091 4,149,195,700

With the transactions stated above, the Company owns a total of 80,833 A shares
and 423,643 B shares as treasury shares, corresponding to 2.30% of the share
capital.

Copenhagen, 16 February 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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