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 7 March 2016 to 11 March 2016: Number of Average Transaction value, A shares purchase A shares, DKK price A shares, DKK -------------------------------------------------------------------------------- Accumulated, last announcement 135,489 1,227,743,982 7 March 2016 1,195 9,261.53 11,067,528 8 March 2016 2,255 9,038.18 20,381,096 9 March 2016 1,435 8,925.69 12,808,365 10 March 2016 1,981 8,779.03 17,391,258 11 March 2016 1,148 8,797.68 10,099,737 Accumulated in second 98,860 844,528,491 phase of the program -------------------------------------------------------------------------------- Accumulated under the program 143,503 1,299,491,966 -------------------------------------------------------------------------------- Number of Average Transaction B shares purchase value, price B B shares, DKK shares, DKK -------------------------------------------------------------------------------- Accumulated last announcement 540,053 4,990,931,119 7 March 2016 4,597 9,505.32 43,695,956 8 March 2016 9,029 9,276.24 83,755,171 9 March 2016 5,746 9,131.46 52,469,369 10 March 2016 7,932 8,988.50 71,296,782 11 March 2016 4,597 9,003.36 41,388,446 Accumulated in second 395,473 3,438,875,937 phase of the program -------------------------------------------------------------------------------- Accumulated under the program 571,954 5,283,536,843 -------------------------------------------------------------------------------- With the transactions stated above, the Company owns a total of 143,503 A shares and 657,206 B shares as treasury shares, corresponding to 3.72% of the share capital. Copenhagen, 14 March 2016 Contact persons: Senior Investor Relations Officer, Johan Mortensen, tel. +45 3363 3622 Head of Media Relations, Louise Münter, tel. +45 3363 1912 Page 1 of 1