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 (equivalent to approximately USD 1bn) is to be executed during a 12-month period beginning 1 September 2014. During the first phase of the program running from 1 September 2014 to 30 November 2014, the Company will buy-back A and B shares for an amount of up to DKK 2,280 mill. (equivalent to approximately USD 400 mill.). The following transactions have been made under the program in the period 13. October 2014 to 17 October 2014: Number of Average purchase Transaction value, A shares price A shares, A shares, DKK DKK -------------------------------------------------------------------------------- Accumulated, last 16,164 224,476,848 announcement 13 October 2014 215 12,377.71 2,661,209 14 October 2014 307 12,258.53 3,763,370 15 October 2014 1,025 12,122.02 12,425,071 16 October 2014 717 11,612.17 8,325,927 17 October 2014 123 11,948.17 1,469,625 Accumulated under the program 18,551 253,122,048 -------------------------------------------------------------------------------- Number of Average purchase Transaction value, B shares price B shares, B shares, DKK DKK -------------------------------------------------------------------------------- Accumulated last announcement 64,072 923,011,015 13 October 2014 1,001 12,774.11 12,786,889 14 October 2014 1,805 12,674,45 22,877,374 15 October 2014 5,746 12,495.29 71,797,928 16 October 2014 1,888 11,988.00 22,633,336 17 October 2014 820 12,343.18 10,121,408 Accumulated under the program 75,332 1,063,227,950 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 18,551 A shares and 178,174 B shares as treasury shares, corresponding to 0.90% of the share capital. Copenhagen, 20 October 2014 Contact persons: Head of Investor Relations, Henrik Lund, tel. +45 3363 3106 Head of Media Relations, Louise Münter, tel. +45 3363 1912 Page 1 of 1