A.P. Møller - Mærsk

Transaction in Own Shares • Mar 14, 2016

                              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.

During the second phase of the program running from 1 December 2015 to 31 March
2016, the Company will buy-back A and B shares for an amount of up to DKK 4,400
mill.

The following transactions have been made under the program in the period 7
March 2016 to 11 March 2016:

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

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Accumulated, last announcement 135,489 1,227,743,982
7 March 2016 1,195 9,261.53 11,067,528
8 March 2016 2,255 9,038.18 20,381,096
9 March 2016 1,435 8,925.69 12,808,365
10 March 2016 1,981 8,779.03 17,391,258
11 March 2016 1,148 8,797.68 10,099,737

Accumulated in second 98,860 844,528,491
phase of the program

---

Accumulated under the program 143,503 1,299,491,966

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

---

Accumulated last announcement 540,053 4,990,931,119
7 March 2016 4,597 9,505.32 43,695,956
8 March 2016 9,029 9,276.24 83,755,171
9 March 2016 5,746 9,131.46 52,469,369
10 March 2016 7,932 8,988.50 71,296,782
11 March 2016 4,597 9,003.36 41,388,446
Accumulated in second 395,473 3,438,875,937
phase of the program

---

Accumulated under the program 571,954 5,283,536,843

With the transactions stated above, the Company owns a total of 143,503 A
shares and 657,206 B shares as treasury shares, corresponding to 3.72% of the
share capital.

Copenhagen, 14 March 2016

Contact persons:

Senior Investor Relations Officer, Johan Mortensen, tel. +45 3363 3622

Head of Media Relations, Louise Münter, tel. +45 3363 1912

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