ANNOUNCEMENT A.P. Møller - Mærsk A/S – Transactions in connection with share buy-back program On 31 August 2015 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 6.7bn is to be executed during a 12-month period beginning 1 September 2015. The following transactions have been made under the program in the period 16 November November 2015 to 13 November 2015: Number of Average purchase Transaction value, A shares price A shares, A shares, DKK DKK -------------------------------------------------------------------------------- Accumulated, last 36,610 374,828,272 announcement 16 November 2015 727 9,707.71 7,057,506 17 November 2015 563 9,814.64 5,525,640 18 November 2015 738 9,781.67 7,218,870 19 November 2015 738 9,943.47 7,338,282 20 November 2015 758 9,818.36 7,442,321 Accumulated under the program 40,134 409,410,891 -------------------------------------------------------------------------------- Number of Average purchase Transaction value, B shares price B shares, B shares, DKK DKK -------------------------------------------------------------------------------- Accumulated last announcement 144,853 1,522,257,759 16 November 2015 2,659 9,932.24 26,409,816 17 November 2015 2,134 10,041.35 21,428,249 18 November 2015 2,790 9,998.65 27,896,246 19 November 2015 2,954 10,158.29 30,007,594 20 November 2015 2,790 10,008.95 27,924,971 Accumulated under the program 158,180 1,655,924,634 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 40,134 A shares and 243,432 B shares as treasury shares, corresponding to 1.32 % of the share capital. Copenhagen, 23 November 2015 Contact persons: Head of Investor Relations, Henrik Lund, tel. +45 3363 3106 Head of Media Relations, Louise Münter, tel. +45 3363 1912