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Thursday, February 21, 2019 

The A.P. Møller - Mærsk Board of Directors has now decided to initiate the separation of A.P. Moller - Maersk's drilling activities through a demerger.

The shares in Maersk Drilling Holding A/S and its subsidiaries as well as certain other assets and liabilities will be contributed to a new company with the legal name 'The Drilling Company of 1972 A/S' and thereafter the company will be referred to as Maersk Drilling.

Following the anticipated signing and publication of statutory demerger documents on 4 March 2019, the Board of Directors of A.P. Moller - Maersk intends to propose the demerger for approval by the shareholders at the A.P. Moller - Maersk Annual General Meeting on 2 April 2019.

"Maersk Drilling is an industry leader in the global offshore drilling market, based on its well-reputed and safe operations and a fleet that is among the youngest and most advanced in the industry. The demerger will create a listed Danish-based offshore drilling company with a clear investment profile and long-term development prospects. Maersk Drilling is well-positioned to capitalise on the value creation opportunity of a globally leading pure play offshore drilling company to the benefit of both its long-term blue-chip customer base, as well as its investors", said Claus V. Hemmingsen, Vice CEO of A.P. Moller - Maersk and Chairman of the Maersk Drilling Board of Directors.

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