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. During the second phase of the program running from 1 December 2015 to 31 March 2016, the Company will buy-back A and B shares for an amount of up to DKK 4,400 mill. The following transactions have been made under the program in the period 4 January 2016 to 8 January 2016: Number of Average Transaction value, A shares purchase A shares, DKK price A shares, DKK -------------------------------------------------------------------------------- Accumulated, last announcement 77,047 749,891,423 11 January 2016 1,517 8,022.41 12,169,996 12 January 2016 1,189 7,955.81 9,459,458 13 January 2016 1,312 7,975.52 10,463,882 14 January 2016 892 7,944.85 7,086,806 15 January 2016 1,722 7,745.93 13,338,491 Accumulated in second 39,036 347,446,583 phase of the program -------------------------------------------------------------------------------- Accumulated under the program 83,679 802,410,057 -------------------------------------------------------------------------------- Number of Average Transaction B shares purchase value, price B B shares, DKK shares, DKK -------------------------------------------------------------------------------- Accumulated last announcement 305,872 3,038,828,662 11 January 2016 5,746 8,123.28 46,676,367 12 January 2016 5,253 8,046.22 42,266,794 13 January 2016 5,253 8,062.43 42,351,945 14 January 2016 3,612 8,022.31 28,976,584 15 January 2016 6,895 7,840.69 54,061,558 Accumulated in second 156,150 1,408,501,004 phase of the program -------------------------------------------------------------------------------- Accumulated under the program 332,631 3,253,161,909 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 83,679 A shares and 417,883 B shares as treasury shares, corresponding to 2.33% of the share capital. Copenhagen, 18 January 2016 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