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

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THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.

COPENHAGEN, Denmark, Sept. 15, 2023 /PRNewswire/ — A.P. MØLLER – MÆRSK A/S (the “Offeror“) is today announcing the results of its previously announced cash tender offer (the “Offer“) in respect of any and all of its outstanding 3.875% U.S. dollar denominated notes set out in the table below (the “Notes“).

The Offer was 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.

Results for the Offer:

The Tender Agent informed the Offeror that $298,637,000 in aggregate principal amount of its Notes were validly tendered and not validly withdrawn by 5:00 p.m., New York City time, on September 14, 2023 (the “Expiration Deadline“), as more fully set forth in the table below. The Offeror has accepted all Notes that were validly tendered and not validly withdrawn prior to the Expiration Deadline. In addition, $314,000 in aggregate principal amount of the Notes were tendered in the Offer using the Guaranteed Delivery Procedures.

The table below sets forth, among other things, the principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline:

Title of Security


Issuer


ISIN/CUSIP


Principal Amount

Outstanding


Aggregate Principal

Amount Tendered

Excluding Notes

Tendered Using

Guaranteed Delivery

Procedures


Aggregate

Principal Amount

Tendered Using

Guaranteed

Delivery

Procedures


Purchase Price(1)

3.875% Notes due 2025


A.P. Møller – Mærsk A/S


Rule 144A: US00203QAD97 /

00203Q AD9

Reg S: USK0479SAE83 /

K0479S AE8


$500,000,000


$298,637,000


$314,000


$972.91


(1) The Purchase Price for each $1,000 principal amount of the Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline and accepted for purchase by the Offeror.

The Settlement Date is expected to be September 18, 2023 and the Guaranteed Delivery Settlement Date is expected to be September 19, 2023. For the avoidance of doubt, holders whose Notes are tendered and purchased in the Offer pursuant to the Guaranteed Delivery Procedures will not receive payment in respect of any interest for the period from and including the Settlement Date to the Guaranteed Delivery Settlement Date.

FURTHER INFORMATION

D.F. King & Co., Inc. acted as Tender Agent. Citigroup Global Markets Limited and MUFG Securities Americas Inc. acted as Dealer Managers.

Questions regarding the Offer should be directed to Citigroup Global Markets Limited at +44 20 798 68969 (Europe), +1 (800) 558 3745 (U.S. Toll Free) or +1 (212) 723 6106 (U.S.) and MUFG Securities Americas Inc. at +442076285555 / +33170914255 (Europe), +1 (877) 744-4532 (U.S. Toll Free) or +1 (212) 405-7481 (U.S.).

FORWARD-LOOKING STATEMENTS

From time to time, the Offeror may make statements, both written and oral, regarding our assumptions, projections, expectations, intentions or beliefs about future events.  These statements constitute “forward-looking statements”.  The Offeror cautions that these statements may and often do vary materially from actual results.  Accordingly, the Offeror cannot assure you that actual results will not differ materially from those expressed or implied by the forward-looking statements. You should read the sections entitled “Risk Factors” in the Offer to Purchase, in the Group’s annual report in respect of the financial year ended December 31, 2022 (the “Annual Report“) and H1 2023 Interim Report of the Offeror, which are incorporated by reference therein and “Forward-Looking Statements” in the Annual Report and H1 2023 Interim Report of the Offeror, which are incorporated by reference in the Offer to Purchase.

Any forward-looking statements made herein or in the documents incorporated by reference herein speak only as of the date they are made. Except as required by the U.K. Financial Conduct Authority (the “FCA“) or the Danish Financial Supervisory Authority (the “DFSA“), as applicable, any applicable stock exchange or any applicable law, the Offeror expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in the Offer to Purchase or the documents incorporated by reference herein to reflect any changes in expectations with regard thereto or any new information or any changes in events, conditions or circumstances on which any such statement is based. The reader should, however, consult any additional disclosures that A.P. Møller – Mærsk A/S has made or may make in documents that A.P. Møller – Mærsk A/S has filed or may file with the DFSA.

Legal Entity Identifier


A.P. MØLLER – MÆRSK A/S

549300D2K6PKKKXVNN73

SOURCE A.P. Møller – Mærsk A/S

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