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 10 November 2014 to 14 November 2014: Number of Average purchase Transaction value, A shares price A shares, A shares, DKK DKK -------------------------------------------------------------------------------- Accumulated, last 27,313 367,093,000 announcement 10 November 2014 218 12,841.40 2,799,424 11 November 2014 1,482 12,525.42 18,562,675 12 November 2014 820 12,292.23 10,079,625 13 November 2014 524 12,196.13 6,390,774 14 November 2014 350 12,068.25 4,223,886 Accumulated under the program 30,707 409,149,383 -------------------------------------------------------------------------------- Number of Average purchase Transaction value, B shares price B shares, B shares, DKK DKK -------------------------------------------------------------------------------- Accumulated last announcement 111,665 1,546,962,291 10 November 2014 1,449 13,172.46 19,086,891 11 November 2014 4,992 12,715.21 63,474,306 12 November 2014 2,462 12,538.98 30,870,969 13 November 2014 1,333 12,462.09 16,611,971 14 November 2014 1,095 12.335,58 13,507,457 Accumulated under the program 122,996 1,690,513,884 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 30,707 A shares and 225,759 B shares as treasury shares, corresponding to 1.17% of the share capital. Copenhagen, 17 November 2014 Contact persons: Head of Investor Relations, Henrik Lund, tel. +45 3363 3106 Head of Media Relations, Louise Münter, tel. +45 3363 1912