A.P.Moller - Maersk A/S - Tender Offer - Launch

A.P. MØLLER - MÆRSK A/S COMMENCES CASH TENDER OFFER FOR ALL OF ITS OUTSTANDING 3.875% NOTES DUE 2025

07 SEPTEMBER 2023

Full announcement available via Prnewswire

"COPENHAGEN, Denmark, Sept. 7, 2023 /PRNewswire/ -- A.P. Møller - Mærsk A/S ("Maersk", the "Offeror") has launched today a tender offer to purchase for cash (the "Offer") any and all of its outstanding 3.875% U.S. dollar denominated notes set out in the table below (the "Notes").

The Offer is being made on the terms and subject to the conditions set out in Maersk's offer to purchase dated September 7, 2023 and the related Notice of Guaranteed Delivery (the "Offer to Purchase"). Capitalized terms with respect to the Offer not otherwise defined in this announcement have the same meaning as in the Offer to Purchase.

Purpose of the Offer

The Offeror is providing the holders of its Notes with an opportunity to have their Notes repurchased, as part of the Offeror's active approach to liability management. The Offeror will utilize cash on hand to prepay, in whole or in part, the Notes.

Terms of the Offer

Maersk is offering to purchase for cash, on the terms and conditions described in the Offer to Purchase, any and all of the outstanding Notes set out in the table below:"

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