20 17 Company overview

A.P. Møller - Mærsk A/S COMPANY OVERVIEW 2017

Company overview SUBSIDIARIES Company Country of incorporation Owned share Almacenadora Antillana XXI S.A. Venezuela 100% APM Cargo Services Mobile, LLC USA 100% APM Global Logistics Bangladesh Ltd. Bangladesh 100% The Danish Financial Statements Act section 97a, APM Global Logistics Benin S.A. Benin 100% par. 4 has been applied in the company overview. APM Global Logistics Peru S.A. Peru 100% APM Marine Guaranty Ltd. USA 100% APM Pipelines A/S 100% APM TERMINALLERI LIMAN ISLETMECILIGI A.S. Turkey 100% APM Terminals - Aarhus A/S Denmark 100% APM Terminals A/S Denmark 100% APM Terminals Algeciras S.A. Spain 100% APM Terminals AMI Management DMCEST United Arab Emirates 100% APM Terminals Apapa Ltd. Nigeria 94% APM Terminals Argentina SA Argentina 100% APM Terminals Atlantic B.V. The Netherlands 100% APM Terminals B.V. The Netherlands 100% APM Terminals Bahrain B.S.C. Bahrain 80% APM Terminals Bulk Qingdao B.V. The Netherlands 100% APM Terminals Callao S.A. Peru 51% APM Terminals Cameroun S.A. Cameroon 90% SUBSIDIARIES APM Terminals Central America B.V. The Netherlands 100% APM Terminals China Co. Limited Hong Kong 100% Company Country of incorporation Owned share APM Terminals Costa Rica S.A. Costa Rica 100% A.P. Moller (Bermuda) Limited Bermuda 100% APM Terminals Cote d'Ivoire SA Côte d'Ivoire 100% A.P. Moller Finance S.A. Switzerland 100% APM Terminals Crane & Engineering Services (Shanghai) Co. Ltd. China 100% A.P. Moller Singapore Pte. Ltd. Singapore 100% APM Terminals Crane & Engineering Services Limited Hong Kong 100% A.P. Moller Terminals & Co. LLC Oman 65% APM Terminals da Amazonia Participacoes Ltda. 100% Addicks & Kreye Container Service GmbH & Co. KG Germany 51% APM Terminals Dalian Company Limited Bermuda 100% Addicks & Kreye Container Service Verwaltungs GmbH Germany 51% APM Terminals Dalian Company Ltd. Hong Kong 100% Adsteam Marine Pty. Ltd. Australia 100% APM Terminals Deutschland Holding GmbH Germany 100% Agencia Columbus Chile S.p.A. Chile 75% APM Terminals Elizabeth, LLC USA 100% Aliança Administração de Imóveis e Participações Ltda. Brazil 100% APM Terminals Espagna Holding SL Spain 100% Alianca Holding GmbH Germany 100% APM Terminals France Holding SAS France 100% Aliança Hong Kong Ltd Hong Kong 100% APM Terminals Ghana Limited Ghana 100% Aliança Navegação e Logística Ltda. Brazil 100% APM Terminals Gothenburg AB Sweden 100% Aliança Singapore Pte Ltd Singapore 100% APM Terminals Gothenburg Holding AB Sweden 100% Aliança Transporte Multimodal Ltda. Brazil 100% APM Terminals India Pvt. Ltd. India 100% Aliança Transportes Maritimos Ltda. Brazil 100% APM Terminals Inland Services S.A. Peru 100%

2 A.P. Moller - COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share APM Terminals Invest Company Ltd. Hong Kong 100% APM Terminals Servicos Retroportuarios Ltda Brazil 100% APM Terminals Investment B.V. The Netherlands 100% APM Terminals Shanghai Company Limited Hong Kong 100% APM Terminals IS Cape Town (Pty) Ltd. South Africa 100% APM Terminals Subsidiaries B.V. The Netherlands 100% APM Terminals IS Durban (Pty) Ltd. South Africa 100% APM Terminals Tacoma LLC USA 100% APM Terminals IS Johannesburg (Pty) Ltd South Africa 100% APM Terminals Tangier S.A. Morocco 90% APM Terminals Itajaí S.A. Brazil 100% APM Terminals Tanzania Limited Tanzania 93% APM Terminals Japan K.K. Japan 100% APM Terminals Tianjin Company Ltd. Hong Kong 100% APM Terminals Jordan LLC Jordan 100% APM Terminals Tianjin Holding LTD Bermuda 100% APM Terminals Kano Limited Nigeria 94% APM Terminals Tianjin International Co. Ltd. Hong Kong 100% APM Terminals Kenya Limited Kenya 100% APM Terminals Tianjin International Holding Ltd. Bermuda 100% APM Terminals Lanka PVT LTD. Sri Lanka 100% APM Terminals Turkey Holding Anonim Sirketi Turkey 100% APM Terminals Latin America S.A. Panama 100% APM Terminals Uganda Limited Uganda 100% APM Terminals Lázaro Cárdenas S.A. de C.V. Mexico 100% APM Terminals Vado Holding BV The Netherlands 50% APM Terminals Liberia Ltd Liberia 75% APM Terminals Vado Ligure Spa Italy 100% APM Terminals Mali SA Mali 100% APM Terminals Ventures B.V. The Netherlands 100% APM Terminals Management (Shanghai) Co Ltd China 100% APM Terminals Wilhelmshaven GmbH Germany 100% APM Terminals Management (Singapore) Pte. Ltd Singapore 100% APM Terminals Xiamen Company Ltd. Hong Kong 100% APM Terminals Management B.V. The Netherlands 100% APM Terminals Xiamen Holding Ltd. Bermuda 100% APM Terminals Mauritanie S.A Mauritania 60% APM Terminals Yangshan Co. Limited Hong Kong 100% APM Terminals Mauritius Holding Limited Mauritius 100% APM Terminals Yangshan Holding Ltd. Bermuda 100% APM Terminals Mauritius Limited Mauritius 100% APMT Senegal S.A. Senegal 100% APM Terminals Mediterranean B.V. The Netherlands 100% APMT Technical Services (Barcelona) SL Spain 100% APM Terminals MedPort Tangier S.A. Morocco 80% Apomar Participacoes Ltda. Brazil 100% APM Terminals Mexico Holding B.V The Netherlands 100% Aqaba Container Terminal Company Ltd. Jordan 50% APM Terminals Mobile, LLC USA 100% Ardent Global LLC USA 50% APM Terminals Moin S.A. Costa Rica 100% Ardent Maritime Africa (Pty) Ltd. South Africa 50% APM Terminals Maasvlakte II B.V. The Netherlands 100% Ardent Maritime UK Limited UK 50% APM Terminals Namibia (Pty) Ltd. Namibia 100% Ardent Underwater Services Holdings Limited UK 50% APM Terminals Nansha Holding Ltd. Bermuda 100% Ardent Underwater Services LLC USA 50% APM Terminals Ningbo Company Ltd. Hong Kong 100% Ardent Worldwide Limited UK 50% APM Terminals North America B.V. The Netherlands 100% AS Roulunds Fabriker Group Denmark 100% APM Terminals North America, Inc. USA 100% Atlantic Pacific Marine Corporation USA 100% APM Terminals Pacific Ltd. USA 100% Bangkok Marine Company Limited Thailand 100% APM Terminals Pecem Operacoes Portuarias Ltda Brazil 75% Bermutine Transport Corporation Limited Bermuda 100% APM Terminals Qingdao Company Ltd. Hong Kong 100% Bridge Intermodal Transport S.A. Chile 100% APM Terminals Qingdao Holding Ltd. Bermuda 100% Bridge Terminal Transport, Inc. USA 100% APM Terminals Romania SRL Romania 100% Brigantine Admec Container Services (India) Private Limited India 51% APM Terminals Rotterdam B.V. The Netherlands 100% Brigantine Services (Taiwan) Co., Ltd. Taiwan, R.O.C. 100%

3 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Cap Carmel Maritime Ltd./ Liberia Liberia 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Cap Jackson Maritime Ltd Liberia 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Cap Jervis Maritime Ltd Liberia 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Cap Nelson Maritime Ltd / Liberia Liberia 100% Containerschiffsreederei MS San Christobal GmbH & Co. KG Germany 100% Cap San Antonio Shipping Ltd Liberia 100% Containerschiffsreederei MS San Clemente GmbH & Co. KG Germany 100% Cap San Lorenzo Shipping Ltd Liberia 100% Containerschiffsreederei MS San Vicente GmbH & Co. KG Germany 100% Cap San Marco Shipping Ltd Liberia 100% Containerschiffsreederei MS Santa Barbara GmbH & Co. KG Germany 100% Cap San Nicolas Shipping Ltd Liberia 100% Containerschiffsreederei MS Santa Ines GmbH & Co. KG Germany 100% Cap San Raphael Shipping Ltd Liberia 100% Containerschiffsreederei MS Santa Teresa GmbH & Co. KG Germany 100% CARAVELLE Assekuranz Vermittlungs- Containerschiffsreederei MS Santa Ursula GmbH & Co. KG Germany 100% und Schadenskontor G.m.b.H. Germany 100% Contopsa Inland Terminals SpA Chile 100% Cartagena Container Terminal Operator S.A.S. Colombia 51% Damco () Transitarios E agente De Navegaçao, Lda Angola 100% Claraway Company Limited Hong Kong 100% Damco (Brazil) Holding A/S Denmark 100% Coil Transport Corporation Liberia 100% Damco (Cambodia) Limited Cambodia 100% COLUMBUS LINE Reederei GmbH Germany 100% Damco (Canada) Holding A/S Denmark 100% COLUMBUS Shipmanagement GmbH Germany 100% Damco (Chile) Holding A/S Denmark 100% Coman S.A. Benin 100% Damco (Saudi) Holding A/S Denmark 100% Container Depot Bangkok Ltd. Thailand 65% Damco (UAE) FZE United Arab Emirates 100% Container Operators S.A. Chile 100% Damco A/S Denmark 100% Container-IT1 Inc. USA 100% Damco Argentina S.A. Argentina 100% Containerschiffsreederei MS Cap Jackson GmbH & Co. KG Germany 100% Damco Asia Investment B.V. The Netherlands 100% Containerschiffsreederei MS Cap Jervis GmbH & Co. KG Germany 100% Damco Australia Pty. Ltd. Australia 100% Containerschiffsreederei MS Cap San Antonio GmbH & Co. KG Germany 100% Damco Bel Belarus 100% Containerschiffsreederei MS Cap San Augustin GmbH & Co. KG Germany 100% Damco Belgium N.V. Belgium 100% Containerschiffsreederei MS Cap San Juan GmbH & Co. KG Germany 100% Damco Burkina Faso S.A. Burkina Faso 100% Containerschiffsreederei MS Cap San Lazaro GmbH & Co. KG Germany 100% Damco Cameroun SA Cameroon 100% Containerschiffsreederei MS Cap San Lorenzo GmbH & Co. KG Germany 100% Damco Canada Inc. Canada 100% Containerschiffsreederei MS Cap San Marco GmbH & Co. KG Germany 100% Damco Central America, S.A. Panama 100% Containerschiffsreederei MS Cap San Nicolas GmbH & Co. KG Germany 100% Damco Chile S.A. Chile 100% Containerschiffsreederei MS Cap San Raphael GmbH & Co. KG Germany 100% Damco China Limited China 100% Containerschiffsreederei MS Cap San Vincent GmbH & Co. KG Germany 100% Damco Colombia Ltda. Colombia 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Damco Customs Services Inc. USA 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Damco Czech Republic, S.R.O. Czech Republic 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Damco D.O.O. Croatia 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Damco Denmark A/S Denmark 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Damco Distribution Canada Inc. Canada 100% Containerschiffsreederei MS GmbH & Co. KG Germany 100% Damco Distribution Services Inc. USA 100% Containerschiffsreederei MS Rio de Janeiro GmbH & Co. KG Germany 100% Damco Ecuador S.A. Ecuador 100%

4 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Damco Egypt Ltd. Egypt 100% Damco New Zealand Limited New Zealand 100% Damco Finland Oy Finland 100% Damco Niger S.A. Niger 100% Damco for Logistics Services Free Zone (Damco Free Zone) Limited Egypt 99% Damco Pakistan (Private) Limited Pakistan 100% Damco France S.A.S. France 100% Damco Panama S.A. Panama 100% Damco Germany GmbH Germany 100% Damco Peru S.A. Peru 100% Damco Guatemala S.A. Guatemala 100% Damco Philippines, Inc. Philippines 100% Damco Hong Kong Ltd. Hong Kong 100% Damco Poland Sp. z o.o. Poland 100% Damco Hungary KFT Hungary 100% Damco Rus LLC Russian Federation 100% Damco India Private Limited India 100% Damco Saudi Arabia LLC Saudi Arabia 100% Damco International A/S Denmark 100% Damco Senegal Senegal 100% Damco International A/S Jordan LLC Jordan 100% Damco Slovakia, S.R.O. Slovakia 100% Damco International B.V. The Netherlands 100% Damco Spain, S.L. Spain 100% Damco Japan K.K. Japan 100% Damco Sweden AB Sweden 100% Damco Lanka Pvt. Ltd. Sri Lanka 100% Damco Switzerland GMBH Switzerland 100% Damco Latin America Sem, S.A. Panama 100% Damco Taiwan Co., Ltd. Taiwan, R.O.C. 100% Damco Logistics (Mauritius) Limited Mauritius 100% DAMCO Tanzania Ltd. Tanzania 100% Damco Logistics (PTY) LTD. South Africa 100% Damco Togo S.A. Togo 100% Damco Logistics (Thailand) CO. Ltd. Thailand 100% Damco Transport CO., Ltd. Thailand 100% Damco Logistics Brasil Ltda. Brazil 100% Damco UK Limited UK 100% Damco Logistics Ghana Limited Ghana 100% Damco Ukraine Ltd. Ukraine 100% Damco Logistics Ireland Limited Ireland 100% Damco Uluslararasi Tasimacilik ve Lojistik A.S. Turkey 100% Damco Logistics Israel Ltd. Israel 100% Damco USA Inc. USA 100% Damco Logistics Kenya Limited Kenya 100% Damco Vietnam Company Limited Vietnam 100% Damco Logistics Korea Limited Republic of Korea 100% DL Multiservicios SA de CV Mexico 100% Damco Logistics L. L. C. United Arab Emirates 100% Dok Transhipment Poti LLC Georgia 50% Damco Logistics Limited Nigeria 100% Dryport El Salvador S.A. De C.V. El Salvador 100% Damco Logistics Malaysia Sdn. Bhd. Malaysia 100% E-Class Holdings Inc. USA 100% Damco Logistics Mali S.A. Mali 100% Egyptian International Container Terminal SA Switzerland 100% Damco Logistics Mexico S.A. de C.V. Mexico 100% Ejendomsselskabet Lindø A/S Denmark 100% Damco Logistics Myanmar Limited Myanmar 100% EM. Z. SVITZER A/S Denmark 100% Damco Logistics Portugal, Lda. Portugal 100% E-Ships Inc. USA 100% Damco Logistics Pvt. Ltd. Sri Lanka 100% Farrell Lines Inc. USA 100% Damco Logistics Services Sdn. Bhd. Malaysia 100% Felixarc Marine Ltd. UK 100% Damco Logistics Singapore Pte. Ltd. Singapore 100% Fromtu A/S Denmark 100% Damco Logistics Uganda Ltd. Uganda 100% Furness Withy (Australia) Pty. Limited Australia 100% Damco Logistika D.O.O. Slovenia 100% Furness Withy (Chartering) Limited UK 100% Damco Mauritanie S.A. Mauritania 60% Furness Withy Retirement Trustees Ltd. Germany 100% Damco Netherlands B.V. The Netherlands 100% Furness, Withy Investments Ltd UK 100%

5 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Furness-Houlder (Shipbroking) Ltd. UK 100% Ibafon Container Terminal Nigeria Ltd. Nigeria 100% Gateway Terminals India Private Ltd. India 74% Inland Services (Hong Kong) Limited Hong Kong 100% Gerlach & Co mbH Germany 100% Inland Services (Thailand) Ltd. Thailand 100% GPRO Services India Private Limited India 100% Inland Services Argentina S.A. Argentina 100% Grup Maritim Business Services S.L.U. Spain 100% Inland Services B.V. The Netherlands 100% Grup Maritim TCB S.L. Spain 100% Inland Services Kenya Investment Ltd. Kenya 100% Hamburg Süd (China) Ltd. China 100% Interseas Shipping Company, S.A. Panama 100% Hamburg Süd Agency Central Italy S.r.l. Italy 60% Lilypond Container Depot Nigeria Ltd. Nigeria 100% Hamburg Süd Agency South Italy S.r.l. Italy 55% LLC Maersk Russian Federation 100% Hamburg Süd Australia Pty. Ltd. Australia 100% Logistics Services Village Company Jordan 60% Hamburg Süd Brasil Ltda. Brazil 100% M Holdings Ships Inc. USA 100% Hamburg Süd Colombia Ltda. Colombia 51% Madero Amarres S.A. Argentina 80% Hamburg Süd Costa Rica S.A. Costa Rica 100% Maersk (Angola) Lda. Angola 100% Hamburg Süd Ecuador S.A. Ecuador 100% Maersk (Cambodia) Ltd. Cambodia 100% Hamburg Süd El Salvador S.A. de C.V. El Salvador 100% Maersk (China) Shipping Company Limited China 100% Hamburg Süd France S.A.S. France 100% Maersk (Mauritius) Limited Mauritius 100% Hamburg Süd Gemicilik Acentaligi ve Nakliyat Limited Sirketi Turkey 100% Maersk A/S Denmark 100% Hamburg Süd Guatemala S.A. Guatemala 100% Maersk Adria D.O.O. Slovenia 100% Hamburg Süd Honduras S.A. Honduras 100% Maersk Africa Holdings Limited Mauritius 100% Hamburg Süd Hong Kong Limited Hong Kong 100% Maersk Agency Denmark A/S Denmark 100% Hamburg Süd Iberia S.A. Spain 100% Maersk Agency U.S.A., Inc. USA 100% Hamburg Süd India Pvt. Ltd India 100% Maersk Agency Uganda Limited Uganda 100% Hamburg Süd Italia S.r.l. Italy 100% Maersk Algerie SPA 100% Hamburg Süd Korea Limited Republic of Korea 100% Maersk Amerika Plads Kommanditist A/S Denmark 100% Hamburg Süd Mexico S.A. de CV Mexico 100% Maersk Aviation Holding Denmark 100% Hamburg Süd New Zealand Ltd. New Zealand 100% Maersk B.V. The Netherlands 100% Hamburg Süd Norden AB Sweden 100% Maersk Bangladesh Limited Bangladesh 100% Hamburg Süd North America Inc. USA 100% Maersk Benelux B.V. (Rot) The Netherlands 100% Hamburg Süd Panama S.A. Panama 100% Maersk Benin SA Benin 100% Hamburg Süd Reiseagentur G.m.b.H. Germany 100% Maersk Bolivia Transporte Maritimo S.A Bolivia 100% Hamburg Süd Shipping Agency Ltd. Taiwan, R.O.C. 100% Maersk Brasil (Brasmar) Ltda. Brazil 100% Hamburg Süd Shipping LLC United Arab Emirates 49% Maersk Bulgaria Limited EOOD Bulgaria 100% Hamburg Süd Singapore Pte Ltd Singapore 100% Maersk Canada Inc. Canada 100% Hamburg Süd Transportes S.A. Venezuela 100% Maersk Central America and Caribbean Limited. Bermuda 100% Hamburg Süd Venezuela C.A. Venezuela 100% Maersk Central America, S.A. Panama 100% Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG Germany 100% Maersk Chile S.A. Chile 100% Holdingselskabet Af 19. Marts 2010 A/S Denmark 100% Maersk China Limited China 100% HS GP ApS Denmark 100% Maersk Colombia S.A. Colombia 100%

6 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Maersk Congo RDC SPRL DR Congo 100% Maersk Drilling Norge AS 100% Maersk Congo S.A. Republic of the Congo 100% Maersk Drilling A/S Denmark 100% Maersk Container Industri San Antonio Chile 100% Maersk Drilling Operations AS Norway 100% Maersk Container Industry A/S Denmark 100% Maersk Drilling Services A/S Denmark 100% Maersk Container Industry Dongguan Ltd. China 100% Maersk Drilling Services LLC Azerbaijan 100% Maersk Container Industry Qingdao Ltd. China 100% Maersk Drilling Services Singapore Pte Ltd. Singapore 100% Maersk Costa Rica S.A. Costa Rica 100% Maersk Drilling UK Limited UK 100% Maersk Cote d'Ivoire SA Côte d'Ivoire 100% Maersk Drilling USA Inc. USA 100% Maersk Crew Management Services Philippines Inc. Philippines 100% Maersk Drillship I Singapore Pte. Ltd. Singapore 100% Maersk Crewing Australia Pty. Ltd. Australia 100% Maersk Drillship II Singapore Pte. Ltd. Singapore 100% Maersk Crewing Limited UK 100% Maersk Drillship III Singapore Pte Ltd Singapore 100% Maersk Crewing Ukraine Ltd Ukraine 100% Maersk Drillship IV Singapore Pte Ltd Singapore 100% Maersk Croatia D.O.O. Croatia 100% Maersk Eastern Europe Aps Denmark 100% Maersk Cyprus Ltd. Cyprus 100% Maersk Eesti AS Estonia 100% Maersk Czech Republic S.R.O. Czech Republic 100% Maersk Egypt For Maritime Transport (S.A.E.) Egypt 100% Maersk De Nicaragua S.A. Nicaragua 100% Maersk Egypt Shipping Agency S.A.E. Egypt 100% Maersk Del Ecuador C.A. Ecuador 100% Maersk El Salvador S.A. de C.V. El Salvador 100% Maersk Denizcilik A.S. Turkey 100% Maersk Energia Limitada Brazil 100% Maersk Deutschland A/S & Co. KG 1 Germany 100% Maersk Energy Marketing A/S Denmark 100% Maersk Developer LLC USA 100% Maersk Energy UK LTD UK 100% Maersk Djibouti SARL Djibouti 60% Maersk Ethiopia Private Limited Company Ethiopia 100% Maersk Dominicana S.R.L Dominican Republic 100% Maersk Finland Oy Finland 100% Maersk Drilling A/S Denmark 100% Maersk Fluid Technology A/S Denmark 100% Maersk Drilling Americas A/S Denmark 100% Maersk FPSOs A/S Denmark 100% Maersk Drilling Brasil Servicos de Perfuracão Marítimos Ltda. Brazil 100% Maersk France S.A.S. France 100% Maersk Drilling Deepwater A/S Denmark 100% Maersk Gabon S.A. Gabon 100% Maersk Drilling Deepwater Egypt LLC Egypt 100% Maersk Gambia Limited Gambia 100% Maersk Drilling DS A/S Denmark 100% Maersk Georgia LLC Georgia 100% Maersk Drilling Holding A/S Denmark 100% Maersk Ghana Limited Ghana 100% Maersk Drilling Holdings Singapore Pte. Ltd. Singapore 100% Maersk Global Payroll Services Limited Isle of Man 100% Maersk Drilling International A/S Denmark 100% Maersk Global Service Centres (Chengdu) Ltd China 100% Maersk Drilling Labuan Ltd. Malaysia 100% Maersk Global Service Centres (India) Private Limited India 100% Maersk Drilling Malaysia Sdn. Bhd. Malaysia 100% Maersk Global Service Centres (Philippines) Limited Hong Kong 100% Maersk Drilling Mexico S.A. de C.V. Mexico 100% Maersk GP GmbH Germany 100% Maersk GSC Holding A/S Denmark 100% Maersk Guatemala S.A. Guatemala 100% 1 Maersk Deutschland A/S & Co. KG, Hamburg and MSM Chartering GmbH, Hamburg are in accordance with paragraph Maersk Guinee S.A. Guinea 100% 264b HGB (German commercial code) be exempt to prepare, audit and disclose statutory financial statements and a Maersk H2S Safety Services A/S Denmark 100% management report in accordance with the German commercial law.

7 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Maersk H2S Safety Services Australia Pty. Ltd. Australia 100% Crewing Hamburg ApS & Co KG Germany 100% Maersk H2S Safety Services Brasil LTDA Brazil 100% Maersk Line India Private Limited India 100% Maersk H2S Safety Services Italia S.r.L Italy 100% Maersk Line Mauritanie S.A. Mauritania 60% Maersk Healthcare Trustee Ltd UK 100% Maersk Line Nyenyezi Limited Malawi 100% Maersk Hellas Shipping S.A. Greece 100% Maersk Line Peru S.A.C. Peru 100% Maersk Highlander UK Ltd UK 100% Maersk Line PNG Limited Papua New Guinea 100% Maersk Holding B.V. The Netherlands 100% Maersk Line UK Limited UK 100% Maersk Holdings Limited UK 100% Maersk line Zambia Ltd. Zambia 100% Maersk Honduras S.A. Honduras 100% Maersk Line Zimbabwe (Pvt) Limited Zimbabwe 100% Maersk Hong Kong Limited Hong Kong 100% Maersk Line, Limited (State of Delaware) USA 100% Maersk Hungary KFT Hungary 100% Maersk Logistics Kuwait Co. W.L.L. Kuwait 54% Maersk Inc. USA 100% Maersk Logistics Warehousing China Company Ltd Hong Kong 100% Maersk Innovator Norge A/S Denmark 100% Maersk Macau Ltd Macao 100% Maersk Inspirer Norge A/S Denmark 100% Maersk Malaysia Sdn. Bhd. Malaysia 100% Maersk Insurance A/S Denmark 100% Maersk Maroc S.A. Morocco 100% Maersk Integrator Norge A/S Denmark 100% Maersk Mexico S.A. de C.V. Mexico 100% Maersk Inter Holding B.V. The Netherlands 100% Maersk Mozambique Limitada Mozambique 100% Maersk Interceptor Norge A/S Denmark 100% Maersk Namibia (Pty) Ltd. Namibia 100% Maersk Intrepid Norge A/S Denmark 100% Maersk Nigeria Limited Nigeria 70% Maersk Invincible Norge A/S Denmark 100% Maersk Norge AS Norway 100% Maersk Iraq company Limited Iraq 100% Maersk Offshore (Bermuda) Ltd. Bermuda 100% Maersk Israel LTD. Israel 100% Maersk Offshore (Guernsey) Limited Guernsey 100% Maersk Italia Spa. Italy 100% Maersk Offshore Crew Management (Guernsey) Limited Guernsey 100% Maersk Jordan W.L.L. Jordan 50% Maersk Oil Angola AS Denmark 100% Maersk Kenya Ltd. Kenya 100% Maersk Oil Angola Holdings AS Denmark 100% Maersk Korea Limited Republic of Korea 100% Maersk Oil Angola Sixteen Holdings, Ltd. British Virgin Islands 100% Maersk Kuwait Co. W.L.L. Kuwait 49% Maersk Oil Angola Sixteen Ltd. British Virgin Islands 100% Maersk Lanka (Pvt.) Ltd. Sri Lanka 40% Maersk Oil Brazil Ltda Brazil 100% Maersk Latvija Sia Latvia 100% Maersk Oil Colombia AS Denmark 100% Maersk Liberia Limited Liberia 100% Maersk Oil Ethiopia A/S Denmark 100% Maersk Line (China) LOC co.Ltd China 100% Maersk Oil Exploration International K1 Ltd UK 100% Maersk Line (Thailand) Ltd. Thailand 100% Maersk Oil Exploration International K2 Ltd UK 100% Maersk Line A/S Denmark 100% Maersk Oil Exploration International K3 Ltd UK 100% Maersk Line Agency Cameroun S.A Cameroon 100% Maersk Oil Exploration International Limited UK 100% Maersk Line Agency holding A/S Denmark 100% Maersk Oil Exploration Netherlands B.V. The Netherlands 100% Maersk Line Argentina S.A. Argentina 100% Maersk Oil GB Limited UK 100% Maersk Line Belgium N.V. Belgium 100% Maersk Oil Four LLC USA 100% Maersk Line Cabo Verde, Unipessoal, SA Cabo Verde 100% Maersk Oil Gulf of Mexico One, LLC. USA 100%

8 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Maersk Oil Gulf of Mexico Three LLC USA 100% Maersk Shipping Hong Kong Limited Hong Kong 100% Maersk Oil Gulf of Mexico Two, LLC. USA 100% Maersk Shipping Services & Co. LLC. Oman 65% Maersk Oil Houston Inc. USA 100% Maersk Sierra Leone Ltd. Sierra Leone 100% Maersk Oil Kalaallit Nunaat AS Denmark 100% Maersk Singapore Pte. Ltd. Singapore 100% Maersk Oil E&P Ltd. UK 100% Maersk Slovakia S.R.O. Slovakia 100% Maersk Oil Kazakhstan GmbH Germany 100% Maersk South Africa (Pty) Ltd. South Africa 100% Maersk Oil Kurdistan A/S Denmark 100% Maersk South America Ltd. Bermuda 100% Maersk Oil Kurdistan Piramagrun A/S Denmark 100% Maersk Spain, S.L.U. Spain 100% Maersk Oil Kurdistan Piramagrun Holdings A/S Denmark 100% Maersk Supply America Latina Servicos Maritimos Ltda Brazil 100% Maersk Oil Kurdistan Qala Dze A/S Denmark 100% Maersk Supply Service (Angola) Lda. Angola 49% Maersk Oil Middle East AS Denmark 100% Maersk Supply Service A/S Denmark 100% Maersk Oil NCE A/S Denmark 100% Maersk Supply Service Apoio Maritimo Ltd. Brazil 100% Maersk Oil North Sea UK Limited UK 100% Maersk Supply Service Brazil Holdings A/S Denmark 100% Maersk Oil Norway AS Norway 100% Maersk Supply Service Canada Ltd. Canada 100% Maersk Oil AS Denmark 100% Maersk Supply Service France SAS France 100% Maersk Oil Three PL B.V. The Netherlands 100% Maersk Supply Service Griffon Ghana Limited Ghana 90% Maersk Oil Trading Inc. USA 100% Maersk Supply Service Integrated Solutions A/S Denmark 100% Maersk Oil Trading Lubricants A/S Denmark 100% Maersk Supply Service International A/S Denmark 100% Maersk Oil Trading Panama S.A. Panama 100% Maersk Supply Service Nigeria A/S Denmark 100% Maersk Oil Trading Singapore Pte. Ltd. Singapore 100% Maersk Supply Service Nova Scotia Ltd. Canada 100% Maersk Oil Trading Spain S.L Spain 100% Maersk Supply Service Subsea UK Limited UK 100% Maersk Oil Trading UK Limited UK 100% Maersk Supply Service UK Limited UK 100% Maersk Oil UK Limited UK 100% Maersk Supply Service West Africa A/S Denmark 100% Maersk Olie og Gas A/S Denmark 100% Maersk Supply Services Congo S.A. Republic of the Congo 100% Maersk Pakistan (Pvt) Ltd. Pakistan 100% Maersk Sverige AB Sweden 100% Maersk Panama S.A. Panama 100% Maersk Switzerland GmbH Switzerland 100% Maersk Pension Trustee Ltd UK 100% Maersk Taiwan Ltd. Taiwan, R.O.C. 100% Maersk Polska Sp. Z O.O. Poland 100% Maersk Tenedora Mexico S.A. de C.V. Mexico 100% Maersk Portugal – Agentes De Transportes Internacionais, Lda. Portugal 100% Maersk Togo S.A. Togo 100% Maersk Property A/S Denmark 100% Maersk Training A/S Denmark 100% Maersk Rigworld Ghana Limited Ghana 100% Maersk Training Ltd UK 100% Maersk Romania Srl Romania 100% Maersk Training Brasil Treinamentos Maritimos Ltda Brazil 100% Maersk Senegal SA Senegal 100% Maersk Training Centre India Private Limited India 100% Maersk Services USA Inc. USA 100% Maersk Training Centre UK Limited UK 100% Maersk Ship Management B.V. The Netherlands 100% Maersk Training DWC-LLC United Arab Emirates 100% Maersk Shipping 1 A/S Denmark 100% Maersk Training Nigeria Ltd. Nigeria 100% Maersk Shipping 2 A/S Denmark 100% Maersk Training Petcon Norway 100% Maersk Shipping Company Ltd. Sudan 49% Maersk Training Services India Private Limited India 100%

9 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Maersk Training, Inc USA 100% P/F SVITZER Faroe Islands Faroe Islands 100% Maersk Treasury Center (Asia) Pte. Ltd. Singapore 100% Pac Net Pty. Ltd. Australia 100% Maersk Trinidad Ltd. Trinidad and Tobago 100% Pacific Container Transport S.A. Ecuador 100% Maersk Ukraine Ltd. Ukraine 100% Pacnet Global Pty. Ltd. Australia 100% Maersk Uruguay S.A. Uruguay 100% Phoenix II A/S Denmark 100% Maersk Vietnam Ltd. Vietnam 100% Phoenix III A/S Denmark 100% Maersk Viking LLC USA 100% Phoenix IV A/S Denmark 100% Maersk Volve A/S Denmark 100% Portcat Seaport Management S.L.U. Spain 100% Maersk West and Central Asia Limited Bermuda 100% Portobar Capital Limited UK 100% Maersk Österreich GmbH Austria 100% Poti Sea Port Corporation Georgia 100% Maersk-Filipinas Crewing Inc. Philippines 100% Procurement India B.V The Netherlands 100% Maersk-Filipinas Inc. Philippines 100% PT Bintang Biru Indah Indonesia 100% MCC Transport Philippines Inc Philippines 67% PT Damco Distribusi Indonesia Indonesia 100% MCC Transport Singapore Pte. Ltd. Singapore 100% PT Damco Indonesia Indonesia 100% MEE A/S Denmark 100% PT Damco Trucking Indonesia Indonesia 100% Mercosul Holding B.V. The Netherlands 100% PT Damco Warehousing Indonesia Indonesia 100% MLOG Agencja Celna Sp. Z O.O. Poland 100% PT Maersk Indonesia Indonesia 100% Monte Azul Maritime Ltd Liberia 100% PT PELAYARAN BINTANG PUTIH Indonesia 100% Monte Cervantes Maritime Ltd Liberia 100% Rada S.A. Costa Rica 100% Monte Tamaro Maritime Ltd Liberia 100% Rederiaktieselskabet Kuling Denmark 100% Montevideo Port Services S.A. Uruguay 100% Rederiet A.P. Møller A/S Denmark 100% MSM Chartering GmbH1 Germany 100% Reederei Monte Containerschiffe GmbH & Co. KG Germany 100% Mærsk Olie Algeriet A/S Denmark 100% Reederei Santa Containerschiffe GmbH & Co. KG Germany 100% Nanshin K.K. Japan 100% Reefer Terminal S.p.A Italy 50% Natie Invest Belgium 100% Rio Blanco Maritime Ltd Liberia 100% Nedlloyd Logistics GmbH Germany 100% Rio Bravo Maritime Ltd Liberia 100% Neptun Transport Corporation Liberia 100% Rio de la Plata Maritime Ltd Liberia 100% Network Cargo International Pty. Ltd. Australia 100% Rio Madeira Maritime Ltd Liberia 100% New Times International Transport Service Co., Ltd. China 100% Roadwing (Proprietary) Limited South Africa 100% New York Shipping Exchange, Inc. USA 2% Roulunds Holding A/S Denmark 100% Nominas y Servicios de Michoacan S.A. de C.V. Mexico 100% Royal Mail Lines Ltd. UK 100% Ocean East International Logistics Co., Ltd China 100% Rudolf A. Oetker KG Germany 100% OOO Svitzer Sakhalin Terminal Towage Russian Federation 100% S.C.I. Route de l'estuaire France 100% OPERADORA DEL PACIFICO S.A. Ecuador 100% (Pty) Limited South Africa 100% Safmarine (Shanghai) Shipping Company Limited China 100% Safmarine Botswana (Pty) Ltd. Botswana 100% 1 Maersk Deutschland A/S & Co. KG, Hamburg and MSM Chartering GmbH, Hamburg are in accordance with paragraph Safmarine Lesotho (Pty) Ltd. Lesotho 100% 264b HGB (German commercial code) be exempt to prepare, audit and disclose statutory financial statements and a Safmarine MPV N.V. Belgium 100% management report in accordance with the German commercial law.

10 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Safmarine Pakistan (Private) Limited Pakistan 100% Suez Canal Container Terminal Egypt 55% Safmarine Swaziland (Pty) Ltd. Swaziland 100% Sunrise 14 A/S Denmark 100% San Christobal Shipping Ltd Liberia 100% Sunrise 15 A/S Denmark 100% San Clemente Maritime Ltd Liberia 100% Sunrise 15 Middle East Ltd. United Arab Emirates 100% San Vicente Shipping Ltd Liberia 100% Sunrise 16 A/S Denmark 100% Santa Clara Maritime Ltd Liberia 100% SVITZER A/S Denmark 100% Santa Ines Maritime Ltd Liberia 100% Svitzer Africa Pty. Ltd. South Africa 100% Santa Isabel Shipping Ltd Liberia 100% Svitzer Americas Ltd. British Virgin Islands 100% Santa Teresa Maritime Ltd Liberia 100% Svitzer Americas Terminal Towage, S.A. Panama 100% Santa Ursula Maritime Ltd Liberia 100% Svitzer Angola Lda. Angola 60% Sea Land Iberica, S.A. Spain 100% Svitzer Angola Shipowners BVI Ltd. British Virgin Islands 60% Sea Yard Holding SA France 83% Svitzer Asia Pte. Ltd. Singapore 100% Seago Line A/S Denmark 100% Svitzer Australasia Group Limited Partnership Australia 100% Seago Line Deutschland A/S & Co. KG Germany 100% Svitzer Australasia Holdings Pty. Ltd. Australia 100% Servicios Administrativos Intermodales S.A. de C.V. Mexico 100% Svitzer Australasia Services Pty. Ltd. Australia 100% Shanghai Di Lian Information Technology Limited China 100% Svitzer Australia Pty. Ltd. Australia 100% Shanghai Minghai Warehousing Service Company Limited China 100% Svitzer Bahamas Ltd. Bahamas 100% Shanghai Shi Rong International Freight China 100% Svitzer Bahrain SPC Bahrain 100% Shanghai Ze Rong International Freight Forwarding Co., Ltd China 100% Svitzer Canada Ltd. Canada 100% SIA Damco Latvia Latvia 100% Svitzer Caribbean A/S Denmark 100% Siam Shoreside Services Ltd. Thailand 100% Svitzer Caribbean Ltd. USA 100% Sociedad de Estiba Y Desestiba del Puerto Bahia de Algeciras SAGEP Spain 47% Svitzer Chile S.A. Chile 100% Sociedad Portuaria Terminal de Contenedores de Buenaventura S.A. Colombia 62% Svitzer Cory Holding B.V. The Netherlands 100% Sogester - Sociedade Gestora de Terminais, S.A. Angola 51% Svitzer Costa Rica S.A. Costa Rica 100% Solopgang Services India Private Limited India 100% SVITZER Eastlands Ltd. UK 100% Soraqia Gateway Jordan 100% SVITZER EuroMed B.V. The Netherlands 100% Southern Africa Transport Investments (Pty.) Ltd. South Africa 100% SVITZER Europe Holding B.V. The Netherlands 100% A/S Denmark 100% Svitzer Georgia LLC Georgia 100% Star Container France S.A.S France 100% Svitzer Hazira Pvt. Ltd. India 100% Star Container GmbH Germany 100% Svitzer Holding UK Ltd. UK 100% Star Container s.r.o. Czech Republic 100% Svitzer Idku SAE Egypt 70% Star Container Services B.V. The Netherlands 100% Svitzer India Pvt. Ltd. India 100% Star Container Services N.V. Belgium 100% SVITZER International Towage B.V. The Netherlands 100% Star Container Spain SA Spain 100% Svitzer Joint Ventures Pty. Ltd. Australia 100% Star Container Trade Tunisie Tunisia 100% Svitzer Latin Americas B.V. The Netherlands 100% Star Container Tunisie SARL Tunisia 51% Svitzer Marine Ltd. UK 100% Star Shipping Bissau Limitada Guinea-Bissau 100% Svitzer Marine Mexico S. de R.L de C.V. Mexico 100% Star Track Terminals Pvt. Ltd. India 51% Svitzer Marine Trinidad and Tobago Ltd. Trinidad and Tobago 100%

11 A.P. Moller - Maersk COMPANY OVERVIEW 2017

SUBSIDIARIES SUBSIDIARIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Svitzer Mexico S.A. de C.V. Mexico 100% UAB Damco Lithuania Lithuania 100% Svitzer Middle East Ltd. British Virgin Islands 100% UAB Maersk Line Lithuania Lithuania 100% Svitzer Panama Inc. Panama 100% Universal Maritime Service Corporation USA 100% Svitzer Peru S.A. Peru 100% Unterstützungskasse GmbH der HSDG Germany 100% SVITZER PNG Limited Papua New Guinea 100% Vado Investment BV The Netherlands 84% SVITZER Portugal – Reboques Marìtimos S.A. Portugal 100% West Africa Container Terminal BVI Ltd. UK 100% SVITZER Sakhalin B.V. The Netherlands 100% West Africa Container Terminal Nigeria Ltd. Nigeria 100% Svitzer Sakhalin Limited Liability Co. Russian Federation 100% Wijsmuller Groningen B.V. The Netherlands 100% Svitzer Salvage Holding A/S Denmark 100% Zimbabwe Shipping Holdings Limited Zimbabwe 100% Svitzer Scandinavia Holding A/S Denmark 100% Svitzer Serviços e Investimentos Ltda. Brazil 100% SVITZER Sines - Reboques Maritimos, Unipessoal Lda. Portugal 100% Svitzer Sohar LLC Oman 85% SVITZER Statia Caribbean Ltd. British Virgin Islands 100% Svitzer Sverige AB Sweden 100% Svitzer Tanger Med Morocco 70% Svitzer Terminals Australia Pty Limited Australia 100% SVITZER Towage A/S Denmark 100% Svitzer Towage GmbH Germany 100% Svitzer Tugs A/S Denmark 100% TCB Inversiones Portuarias S.L.U. Spain 100% TCB Railway Transport S.L.U. Spain 100% TCV Railway Transport S.L.U. Spain 75% TCV Stevedoring Company S.A. Spain 75% Terminal 4 S.A. Argentina 100% Terminal Buenos Aires S.A. Argentina 100% Terminal de Contenedores de Gijon S.L. Spain 50% Terminal de Contenedores de Quetzal S.A. Guatemala 85% Terminal de Contenedores de Yucatan S.A. de C.V. Mexico 100% Terminal de Contenidors de Barcelona S.L.U. Spain 100% Terminal Polivalente de Castellon S.A. Spain 100% The Maersk Company (Ireland) Limited Ireland 100% The Maersk Company Limited - Corporate UK 100% The Pacific Steam Navigation Co. UK 100% Transitos Andaluces Maritimos, S.L. Spain 100% Transmar Svitzer S/A Serviços Maritimos Brazil 95% Transporte Maritimo Maersk Venezuela S.A. Venezuela 100% U.S. Marine Management, Incorporated USA 100%

12 A.P. Moller - Maersk COMPANY OVERVIEW 2017

ASSOCIATED COMPANIES ASSOCIATED COMPANIES

Company Country of incorporation Owned share Company Country of incorporation Owned share Abidjan Terminal SA Côte d'Ivoire 40% Qingdao Qianwan United Container Terminal Co. Ltd. China 9% Athus Terminal Container Belgium 27% Rostek-Yanino OOO Russian Federation 23% Brigantine International Holdings Limited Hong Kong 30% Salalah Port Services Company S.A.O.G. Oman 30% Brigantine Services (Shanghai) Co. Ltd. China 30% Shanghai Brigantine De Well Container Services Co. Ltd. China 15% Brigantine Services (Shenzhen) Co. Ltd. China 30% Shanghai Tie Yang Multimodal Transportation Co Ltd. China 29% Brigantine Services Limited Hong Kong 30% Shenzhen Yantian Tugboat Company Limited China 10% Commonwealth Steamship Insurance Company Proprietary Limited Australia 7% Smart Brigantine Container Services Co., Ltd. China 40% Conakry Terminal S.A. Guinea 25% Societe de Participations Portuaires SAS France 40% Congo Terminal Holding S.A.S France 30% South Asia Gateway (Private) Limited Sri Lanka 33% Congo Terminal S.A. Republic of the Congo 23% Tallinn LNG OU Estonia 15% COSCO Ports (Nansha) Limited British Virgin Islands 34% Terminal de Conteineres de Paranagua S.A. Brazil 5% Dalian Jilong Brigantine Container Services Co. Ltd. China 15% Terminal Logistico de Buenaventura S.A.S. Colombia 50% Depot tmZ Services S.L. Spain 45% Tianjin Brigantine Goldlion Container Services Co. Ltd. China 15% Deutshe Schiffahrtsagentur Germany 50% Tianjin Port Alliance International Container Terminal Co. Ltd. China 20% E.R.S. AS Estonia 15% Vostochny International Forwarding Services OOO VIFS Russian Federation 31% Eurogate Container Terminal Wilhelmhaven ZASM OOO Russian Federation 31% Beteiligungsgesellschaft GmbH Germany 30% Farvater OOO Russian Federation 31% Guangzhou South China Oceangate Container Terminal Co. Ltd. China 20% Guayanilla Towage Group Inc. Puerto Rico 25% Gujarat Pipavav Port Limited India 43% Hamburg Süd Egypt Maritime Agencia SAE Alexandria Egypt 41% Höegh Autoliners Holdings AS Norway 39% IFB Service Center NV Belgium 34% INTTRA Inc. USA 25% Itapoa Terminais Portuarios S.A. Brazil 30% Kanoo Terminal Services Ltd. Saudi Arabia 50% KTS Gulf General Land Transport Services LLC United Arab Emirates 50% Meridian Port Holdings Limited UK 50% Meridian Port Services Limited Ghana 42% Niinisaaren Porttii Osakeyhtio Finland 12% Pacoci S.A. Côte d'Ivoire 50% Port of Salalah Development Company LLC Oman 24% Portmade Customs NV Belgium 49% Porttransservice OOO Russian Federation 31% PT Bonapelangi Devindo Indonesia 19% Qingdao Port Dongjiakou Multi-Purpose Terminal Co., Ltd. China 20% Qingdao Port Svitzer Towage Co. Ltd. China 45%

13 A.P. Moller - Maersk COMPANY OVERVIEW 2017

JOINT VENTURES JOINT VENTURES

Company Country of incorporation Owned share Company Country of incorporation Owned share Adstan Tug Charters (Partnership) Australia 50% Global Ports Investments PLC Cyprus 31% Alocasia Co. Ltd Cyprus 31% Global Ports Management Russian Federation 31% Anchor Storage Limited Bermuda 51% Great Lakes Ports Ltd Kenya 50% APM Terminals Dachan Company Limited Bermuda 50% Haiti Towing Ltd. British Virgin Islands 50% APM Terminals Dachan Company Ltd. Hong Kong 50% Halifax Marine Towing General Partnership Canada 50% Ardent Americas LLC USA 50% Halifax Marine Towing Limited Partnership Canada 50% Ardent Holdings Limited UK 50% Intercross Investments BV The Netherlands 31% Ardent Korea CH Republic of Korea 43% Komplementarselskabet GateTu ApS Denmark 49% Ardent Maritime Netherlands B.V. The Netherlands 50% LCB Container Terminal 1 Ltd. Thailand 35% Ardent Maritime Singapore Pte. Ltd. Singapore 50% LCMT Company Limited Thailand 32% Ardent Oceania Pty Limited Australia 50% Logistika-Terminal CJSC Russian Federation 31% Ardent Serviços Marítimos Ltda Brazil 50% M.L.T Container Logistics Ltd Cyprus 23% Arytano Holdings Ltd Cyprus 31% Millennium Marine Rail LLC USA 50% Belvo Establishment Limited Cyprus 31% Multi-Link Terminals Limited Ireland 23% Blue Dragon Logistics Co. Ltd. China 50% Multi-Link Terminals Ltd Oy Finland 23% Bowen Towage Services Pty. Ltd. Australia 50% Nakilat Svitzerwijsmuller Company W.L.L. Qatar 30% Brasil Terminal Portuario SA Brazil 50% National Container Holding Company Limited Cyprus 31% Bright Logistics (Shanghai) Co. Ltd. China 50% NCC Group Limited Cyprus 31% Cai Mep International Terminal CO., Ltd. Vietnam 49% NCC Pacific Investments Limited Cyprus 31% Cape Fruit Coolers Pty. Ltd. South Africa 27% Ningbo LongZhou Logistics Co., Ltd China 50% Caribbean Tug & Barge Ltd. British Virgin Islands 50% North Sea Terminal Bremerhaven GmbH & CO. Germany 50% Caucedo Marine Service Ltd. British Virgin Islands 50% North Sea Terminal Bremerhaven Verwaltungsgesellschaft GmbH Germany 50% CD Holding Oy Finland 23% OOO Moby Dik Russian Federation 23% Channel Energy (Poti) Limited Georgia LLC Georgia 25% OSM Australia Pty Limited Australia 50% Coastal Tug & Barge Pty. Ltd. Australia 50% Pelabuhan Tanjung Pelepas Sdn. Bhd. Malaysia 30% Container Service OOO Russian Federation 31% Pelepas Terminal Inland Services Sdn. Bhd. Malaysia 51% Cormarys Investments Ltd Cyprus 31% Petrolesport OAO Russian Federation 31% Cote D'Ivoire Terminal S.A. Côte d'Ivoire 51% Pier Maintenance Industrial LLC USA 50% Damco Rigworld Ghana Ltd. Ghana 49% Pionira N.V. Belgium 24% Douala International Terminal S.A. Cameroon 44% Point Tupper Towing General Partnership Canada 50% Equimar Svitzer S.A. de C.V. Mexico 50% Point Tupper Towing Limited Partnership Canada 50% Eurogate Container Terminal Wilhelmshaven GmbH & Co. Germany 30% Port Lincoln Tugs Pty. Ltd. Australia 50% First Container Terminal CJSC Russian Federation 31% Port Towage Amsterdam B.V. The Netherlands 50% Fos Holding SA France 42% Portmade NV Belgium 49% Gas Management (Congo) Limited Bahamas 51% Professional Terminal Service Holdings Ltd. Mauritius 41% GateTu P/S Denmark 49% Qingdao Bonded Logistics Park Global Ports ( Finance) Plc Cyprus 31% Revo International Warehousing Co., Ltd. China 49% Global Ports Advisory Eesti OU Estonia 31% Qingdao New Qianwan Container Terminal Co. Ltd. China 18%

14 A.P. Moller - Maersk COMPANY OVERVIEW 2017

JOINT VENTURES

Company Country of incorporation Owned share Qingdao Qianwan Container Terminal Co., Ltd. China 20% Qingdao Qianwan Intelligent Container Terminal Co., Ltd China 13% Qingdao Qianwan United Advance Container Terminal Co. Ltd China 6% Rail Terminal Bremerhaven GmbH Germany 50% Rail Terminal Wilhelmshaven GmbH Germany 50% Riverwijs Burrup Pty. Ltd. Australia 50% Riverwijs Pty. Ltd. Australia 50% Riverwijs-Dampier Pty. Ltd. Australia 50% Russian Logistic Information Systems LLC Russian Federation 31% Seayard S.A.S. France 42% Shakhovo OOO Russian Federation 31% Shanghai East Container Terminal Co., Ltd. China 49% Shenzhen Dapeng Svitzer Towage Company Ltd. China 54% Smart International Logistics Company Ltd. China 49% Solgaz S.A. France 51% South Florida Container Terminal, LLC USA 49% Star Shine Cargo Service (Shenzhen) Company Limited China 50% Svitzer Andino S.A. Peru 50% SVITZER Barbados Ltd Barbados 50% Svitzer Caribbean Dominicana S.A.S Dominican Republic 50% Svitzer Caribbean Harbour Services Ltd. British Virgin Islands 50% Svitzer Haiti S.A. Haiti 35% Svitzer Salvage New Zealand Ltd. New Zealand 50% Tianjin Port Euroasia International Container Terminal Co. Ltd. China 5% Ust-Luga Container Terminal OJSC Russian Federation 25% VOPAK E.O.S. Estonia 15% Vostochnaya Stevedoring Company OOO Russian Federation 31% Waker B.V. The Netherlands 50% Xiamen Songyu Container Terminal Co. Ltd. China 25% Yanino Logistics Park OOO Russian Federation 23% Yantian Svitzer (Huizhou) Towage Company Ltd. China 50%

15 A.P. Moller - Maersk