A.P. Møller - Mærsk

Transaction in Own Shares • Mar 7, 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 29
February 2016 to 4 March 2016:

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

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Accumulated, last announcement 129,536 1,174,667,741
29 February 2016 1,435 8,723.95 12,518,868
1 March 2016 1,443 8,739.60 12,611,243
2 March 2016 1,394 9,013.24 12,564,457
3 March 2016 861 9,106.56 7,840,748
4 March 2016 820 9,196.25 7,540,925

Accumulated in second 90,846 772,780,507
phase of the program

---

Accumulated under the program 135,489 1,227,743,982

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

---

Accumulated last announcement 516,084 4,772,316,683
29 February 2016 5,746 8,905.98 51,173,761
1 March 2016 5,746 8,945.54 51,401,073
2 March 2016 5,582 9,220.42 51,468,384
3 March 2016 3,448 9,320.90 32,138,463
4 March 2016 3,447 9,408.98 32,432,754
Accumulated in second 363,572 3,146,270,213
phase of the program

---

Accumulated under the program 540,053 4,990,931,119

With the transactions stated above, the Company owns a total of 135,489 A
shares and 625,305 B shares as treasury shares, corresponding to 3.53% of the
share capital.

Copenhagen, 7 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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