Maersk Results Presentation Deck

A.P. Moller Maersk Group - Interim Report 02 2015 INDEPENDENT AUDITORS' REVIEW REPORT To the shareholders of A.P. Møller-Mærsk A/S REVIEW REPORT ON INTERIM CONSOLIDATED FINANCIAL STATEMENTS We have reviewed the interim consolidated financial statements of A.P. Møller-Mærsk A/S for the period 1 January 2015-30 June 2015 comprising condensed income statement, condensed statement of comprehensive income, condensed balance sheet, condensed cash flow statement and condensed statement of changes in equity as well as selected explanatory notes, includ- ing summary of significant accounting policies. The Board of Directors' and the Management's responsibility for the interim consolidated financial statements The Board of Directors and the Management are responsible for the preparation of interim consolidated financial statements in accordance with IAS 34, Interim Financial Reporting, as adopted by the EU and Danish disclosure requirements for interim finan- cial reporting of listed companies, and for such internal control as management determines is necessary to enable the prepa- ration of interim financial statements that are free from mate- rial misstatement, whether due to fraud or error. Auditors' responsibility Our responsibility is to express a conclusion on the interim consolidated financial statements based on our review. We Contents conducted our review in accordance with the International Standard on Review of Interim Financial Information Performed by the Independent Auditor of the Entity and additional require- ments under Danish Auditor regulation. This requires us to con- clude whether anything has come to our attention that causes us to believe that the interim consolidated financial statements, taken as a whole, are not prepared in all material respects in accordance with the applicable financial reporting framework. This also requires us to comply with ethical requirements. A review of interim consolidated financial statements in accordance with the International Standard on Review of Interim Financial Information Performed by the Independent Auditor of the Entity is a limited assurance engagement. The auditor performs procedures, primarily consisting of making inquiries of management and others within the entity, as ap- propriate, and applying analytical procedures, and evaluates the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing. Accordingly, we do not express an audit opinion on the interim consolidated financial statements. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim consolidated financial statements for the period 1 January 2015-30 June 2015 are not prepared in all material respects in accordance with IAS 34, Interim Financial Reporting, as adopted by the EU and Danish disclosure requirements for interim financial reporting of listed companies. Copenhagen, 13 August 2015 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Gert Fisker Tomczyk State Authorised Public Accountant KPMG Statsautoriseret Revisionspartnerselskab Henrik O. Larsen State Authorised Public Accountant 25/42

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