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 27. October 2014 to 31 October 2014: Number of Average purchase Transaction value, A shares price A shares, A shares, DKK DKK -------------------------------------------------------------------------------- Accumulated, last 20,556 278,426,582 announcement 27 October 2014 699 12,959.91 9,058,978 28 October 2014 356 13,070.11 4,652,961 29 October 2014 268 13,264.27 3,554,826 30 October 2014 842 13,160.80 11,081,396 31 October 2014 621 13,401.95 8,322,609 Accumulated under the program 23,342 315,097,353 -------------------------------------------------------------------------------- Number of Average purchase Transaction value, B shares price B shares, B shares, DKK DKK -------------------------------------------------------------------------------- Accumulated last announcement 83,752 1,172,617,972 27 October 2014 2,708 13,352.59 36,158,808 28 October 2014 1,016 13,479.08 13,694,744 29 October 2014 1,333 13,706.48 18,270,735 30 October 2014 3,460 13,590.20 47,022,106 31 October 2014 2,298 13,839.36 31,802,917 Accumulated under the program 94,567 1,319,567,282 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 23,342 A shares and 197,409 B shares as treasury shares, corresponding to 1% of the share capital. Copenhagen, 3 November 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