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 3 November 2014 to 7 November 2014: Number of Average purchase Transaction value, A shares price A shares, A shares, DKK DKK -------------------------------------------------------------------------------- Accumulated, last 23,342 315,097,353 announcement 3 November 2014 1,960 13,357.29 26,180,288 4 November 2014 512 13,221.84 6,769,582 5 November 2014 676 12,712.70 8,593,783 6 November 2014 227 12,652.70 2,872,164 7 November 2014 596 12,717.84 7,579,830 Accumulated under the program 27,313 367,093,000 -------------------------------------------------------------------------------- Number of Average purchase Transaction value, B shares price B shares, B shares, DKK DKK -------------------------------------------------------------------------------- Accumulated last announcement 94,567 1,319,567,282 3 November 2014 3,693 13,751.88 50,785,693 4 November 2014 3,119 13,627.71 42,504,813 5 November 2014 5,253 13,048.53 68,543,951 6 November 2014 1,402 13,015.02 18,247,063 7 November 2014 3,631 13,030.43 47,313,490 Accumulated under the program 111,665 1,546,962,291 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 27,313 A shares and 214,507 B shares as treasury shares, corresponding to 1.1% of the share capital. Copenhagen, 10 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