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 30 November November2015to 4December 2015:

Number of
A shares		Average purchase
price A shares, DKK		Transaction value,
A shares, DKK
Accumulated, last announcement43,823446,422,559
30 November 2015 820 10,415.75 8,540,915
1 December 2015 1,251 10,584.61 13,241,347
2 December 2015 1,415 10,339.01 14,629,699
3 December 2015 820 10,111.28 8,291,250
4 December 2015 1,230 9,886.56 12,160,469
Accumulated in second
phase of the program		4,71648,322,765
Accumulated under the program49,359503.286.239
Number of
B shares		Average purchase
price B shares, DKK		Transaction value,
B shares, DKK
Accumulated last announcement173,0341,807,999,648
30 November 2015 3,447 10,635.70 36,661,258
1 December 2015 4,575 10,807.05 49,442,254
2 December 2015 6,238 10,528.32 65,675,660
3 December 2015 3,283 10,304.79 33,830,626
4 December 2015 4,925 10,061.51 49,552,937
Accumulated in second
phase of the program		19,021198,501,477
Accumulated under the program195,5022,043,162,382

With the transactions stated above, the Company owns a total of 49,359A shares and 280,754 B shares as treasury shares, corresponding to 1.53 % of the share capital.

Copenhagen, 7 December 2015


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

distributed by