Maersk Investor Presentation Deck

Smooth repayment profile with liquidity reserve of USD 11.0bn Debt maturity profile at the end of Q4 2020 USDbn 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 0.4 0.3 1.4 33 2021 0.2 1.2 2022 Leases 1.0 0.2 1.0 Appendix FY 2020 2023 Bank loans 0.5 0.2 0.9 2024 5.0 1.0 0.3 0.6 2025 Corporate bonds and PPs 1.2 1.0 0.5 2026 RCFs 1) Defined as cash and securities, and undrawn committed facilities longer than 12 months less restricted cash and securities. 2) Defined as amount of secured debt at APMM level plus debt in subsidiaries divided by total consolidated debt 0.2 0.4 2027 Funding as end of Q4 2020 BBB (positive) / Baa3 (positive) credit ratings from S&P and Moody's respectively ● ● ● Liquidity reserve¹ of USD 11.0bn Amortisation of debt in coming 5 years is on average USD 1.6bn per year. Average term to maturity about five years (excl. leases) Subordination ratio² is at 10%. Undrawn revolving facilities expiring in 2023 and 2025 include extension options of 1 + 1 years Funding Mix (USD 15.4bn) 24% 18% 58% Leases Bank loans Corporate bonds and PPs MAERSK

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