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 17 November 2014 to 21 November 2014: Number of Average purchase Transaction value, A shares price A shares, A shares, DKK DKK -------------------------------------------------------------------------------- Accumulated, last 30,707 409,149,383 announcement 17 November 2014 414 12,012.18 4,973,042 18 November 2014 262 12,280.70 3,217,544 19 November 2014 350 12,303.22 4,306,126 20 November 2014 1,435 12,181.73 17,480,781 21 November 2014 440 12,315.72 5,418,917 Accumulated under the program 33,608 444,545,793 -------------------------------------------------------------------------------- Number of Average purchase Transaction value, B shares price B shares, B shares, DKK DKK -------------------------------------------------------------------------------- Accumulated last announcement 122,996 1,690,513,884 17 November 2014 1,209 12,327.75 14,904,247 18 November 2014 1,338 12,579.40 16,831,236 19 November 2014 1,786 12,651.27 22,595,165 20 November 2014 5,253 12,499.46 65,659,643 21 November 2014 1,971 12,655.13 24,943,251 Accumulated under the program 134,533 1,835,447,427 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 33,608 A shares and 237,314 B shares as treasury shares, corresponding to 1.2% of the share capital. Copenhagen, 24 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