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 is to be executed during a 12-month period beginning 1 September 2014. During the second phase of the program running from 24 November 2014 to 28 February 2015, the Company will buy-back A and B shares for an amount of up to DKK 3,320 mill. (equivalent to approximately USD 550 mill.). The following transactions have been made under the program in the period 8 December 2014 to 12 December 2014: Number of Average purchase Transaction value, A shares price A shares, A shares, DKK DKK -------------------------------------------------------------------------------- Accumulated, last 45,230 586,323,312 announcement 8 December 2014 1,230 11,674.82 14,360,025 9 December 2014 1,230 11,391.83 14,011,955 10 December 2014 1,261 11,580.24 14,602,677 11 December 2014 1,384 11,069.73 15,320,511 12 December 2014 1,230 11,080.23 13,628,687 Accumulated under the program 51,565 658,247,167 -------------------------------------------------------------------------------- Number of Average purchase Transaction value, B shares price B shares, B shares, DKK DKK -------------------------------------------------------------------------------- Accumulated last announcement 180,944 2,415,422,929 8 December 2014 4,925 11,943.76 58,823,002 9 December 2014 4,925 11,654.86 57,400,169 10 December 2014 5,089 11,836.13 60,234,052 11 December 2014 5,910 11,319.59 66,898,787 12 December 2014 5,253 11,357.83 59,662,696 Accumulated under the program 207,046 2,718,441,635 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 51,565 A shares and 309,808 B shares as treasury shares, corresponding to 1.64% of the share capital. Copenhagen, 15 December 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