A.P. MOLLER HOLDING - ANNUAL REPORT 2018

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A.P. MØLLER HOLDING A/S ANNUAL REPORT 2018 2018 MANAGEMENT 0BMANAGEMENT REVIEW REVIEW

MAERSK DRILLING Maersk Drilling will be separately listed on 4 April 2019 following demerger from A.P. Moller-Maersk.

Maersk Drilling, established in 1972 as part of A.P. Moller - Maersk, obtained a stand-alone public listing in April 2019 with A.P. Moller Holding as the largest shareholder holding 41.6% of the shares. Since the inception, Maersk Drilling has been on the forefront of developing high-end rigs and providing high-efficiency drilling services to oil and gas companies around the world. Maersk Drilling owns and operates 23 mobile offshore drilling units specialising in the harsh environment and deep-water operations. In 2016, A.P. Moller – Maersk announced it would focus its business operations and set out to define new structural solutions for the energy related businesses including Maersk Drilling. THE YEAR IN BRIEF In August 2018, A.P. Moller – Maersk announced the intention to demerge Maersk Drilling via a separate listing on the Copenhagen Stock Exchange. Hereby shareholders in A.P. Moller - Maersk would receive shares in the separately listed drilling company.

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