1CompanypresentationApril2010

2Tradelanesarethearteriesofinternationalcommerce.Containerports areattheheartoftheglobaleconomy.

Theglobalcontainertradelinkseconomies,marketsandpeople. Portandtransportationinfrastructureareessentialfactorsofeconomicdevelopment. Portsserveascommercialgatewaysandeconomicenginesnationally,regionallyandglobally. Internationaltradewillalwaysseekthemostefficientmodesof transportationandservice. Portsarethefundamentallinksinglobalsupplychainmanagement. APMTerminals GlobalTerminalNetworksetsthestandardforthecontainerterminalindustry.

3Presentationoverview

Companyintroduction Examplesofimprovements Thecontainershippingmarket

4Companyintroduction

5APMTerminalsispartoftheA.P.MollerMaerskGroup

A.P.MollerMaerskGroupHQ:Copenhagen,Denmark

2009Revenue:USD$48.5binShipping,Energy,RetailandBanking.

115,000employees,130countries.

APMTerminalsHQ:TheHague,Netherlands

2009Revenue:USD$3.02bContainervolume:31millionTEUs (weightedbyterminalequityshare)

19,000employees,34countries.

6APMTerminalshasanindependentreportingstructure

April8,2010GroupStrategyOffice PAGE6

StrategyKlausRudSejling

CFOTrondWestlie

GroupRelationsSteenReeslev

HumanResourcesBillAllen

MaerskLine**Eivind Kolding*

MaerskDrillingClaus

Hemmingsen*

MaerskSupplyService

CarstenAndersen

OdenseSteelShipyardPeterJannNielsen

DanskSupermarkedErling Jensen

SafmarineTomasDyrbye

ContainerInlandServicesNigelSimonPusey

MaerskTankersSrenSkou*

DamcoRolfHabbenJansen

MaerskShipManagementLeifNielsen

MaerskOilTradingNielsHenrikLindegaard

AccountingJesperCramon

Finance&RiskManagementJanKjrvik

LegalChristianKledal

InvestorRelationsAndersChristensen

ITFlemmingSteen

MaerskFPSOsPaulPedersen

*PartnerandmemberoftheExecutiveBoard**CorporateServices,deliveringadministrativeandotherservicesinCopenhagen,ismanagedbyMaerskLineGlobalServiceCentre

CorporateCenterServiceFunction

SpecialProjectsFlemmingIpsen

ProcurementSteenKarstensen

NorfolklineThomasWoldbye

MaerskOilJakobBoThomasen

SvitzerJesperTeddyLok

MaerskLNGPaulPedersen

APMTerminalsKimFejfer

NilsAndersen*CEO

7APMTerminals corebusinessiscontainerportmanagement

Thedesign,development,implementation,operationandmanagementoftheworldsonlytruegeographicallybalancedGlobalContainerTerminalNetwork.

19,000professionalsdeliveroperationalexcellencetocustomers. 50terminalsin34countriesandonfivecontinents,withnewterminalprojectsunderway. Customerbase:60shippinglinesandtheworldsleadingimportersandexporters. Annualthroughputof31millionTEUsandglobalmarketshareof6.6%in2009.

8History:50yearsofinnovation,growthandprogress

FirstdedicatedA.P.Mollerterminalfacilityopens,inthePort ofNewYork.1958

Containerizationbeginstochangepatternsofglobaltradeandgrowth.1970s

Ongoingevolutionofcontainerizationandeconomicefficienciesofinternationaltradingpatternsleadtotherapidestablishmentofglobalportloadcentersandtranshipmentnetworks,requiringhighlycoordinatedandspecializedcontainerterminaloperationsandequipmenttoaccommodateeverlargervesselsandcontainerflows.

1980s

MaerskLineacquisitionofSeaLandenlargesscopeofterminaloperationsglobally.1999

EstablishedasindependentcontainerterminaloperatingcompanywithinMaerskLine.2001

Spunoffasindependentcorporateentity,withheadquartersinTheHague,Netherlands.2004

RevenueofUSD$2.5billion,USD$111millioninprofit;APMTreportsearningsseparately.2007

OnlytrueGlobalTerminalNetworkinportindustry;Focusonemergingmarketterminalinvestment.2008

Named"PortOperatoroftheYear"byLloyd'sList.;RevenueofUSD$3billion;Globalmarketshareof6.6%.2009

9Establishedin2004asaseparateandindependentbusinessunit,APMTerminalsconsistentlyoutperformsthemarket.

RevenueSegmentCashFlowfromOperationsSegmentResult

APMTerminals FinancialResults20042009(USDmillion)

53 92142 160

302

442

103

1,313

230 299 275

679 657

1,504

2,068

2,520

3,1263,021

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APMTerminals containervolumegrowth20042009

20.6

24.1

28.4

31.4

34

31

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Regionalorganizationofexistingterminalbusiness

AmericasPortsmouth,VirginiaUSA

AsiaPacificShanghai,China

EuropeRotterdam,Netherlands

Africa,MiddleEastandIndianSubcontinentDubai,UnitedArabEmirates

Closeraccesstocustomersandmarkets. Accelerateddecisionmakingandexecution.

CorporateHeadoffice

TheHague,Netherlands

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AtrulyGlobalTerminalNetworkservingallmajormarkets

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AmericasRegion

14

EuropeRegion

15

Africa,MiddleEastandIndianSubcontinentRegion

16

AsiaPacificRegion

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DemonstratedPerformanceandProgress

Portproductivity Portsafety

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Apapa,Nigeria:Significantimprovementinservice&safetylevels

Beforetakeover Aftertakeover

Whatdidwedo?

Eliminatedvesselwaitingtime. ImprovedSafetyandSecurity. Increasedcapacityandthroughput. InvestedUSD$200millioninimprovements.

Takeover

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Aqaba,Jordan:Successfulprivatization

Whatchanged?

InvestmentinCranes(Phase1). YardProceduresandITSystems. ImprovedProductivity. SignedManagementAgreement(2004). JointDevelopmentAgreement 25Years(2006).

ACTBeforeAPMTerminals

Terminalcongestion. Extremedelaysofvesselandcontainerdelivery. NosafetytrainingorITsysteminplace.

ACTPresent

15%containerthroughputgrowthin2009. Annualcapacityof750,000TEUs. Sustainedprofitabilityandcompetitiveness. Employinglocalstaffinseniorpositions.

ACTFuture

Installationofnew,largercranes. Doublingofwharfto1000meters. Annualcapacityof2.4millionTEUsby2013. ThepreferredPortintheRedSea.

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Benchmarkingsafetyperformance

Safetyhighlightsfor2009

SafetyperformanceresultsplacedAPMTerminalsintheleadoftheportsandterminalindustryfortheyear.

TheLostTimeInjuryFrequency(LTIF)ratewasreducedby43%to4.1permillionmanhoursfor2009overthepreviousyear.

Afourhoursafetycultureprogram(availablein12languages)wascompletedby17,000ofour19,000employees.

EmployeeresponsetoSafetyCulturetrainingwasreflectedina400%increaseinreportedNearMissincidents,to10,151.

ProgressinaMustWin Battle:Terminalfatalitieshavecontinuetodecline,from10in2007,toninein2008,andfourin2009.

Injuriesper1,000,000manhours

LTIFjourney(APMT)

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Thecurrentcontainershippingmarket

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TodaysglobalfleetrequiresaGlobalTerminalNetwork Atpresent,nearly5,900vesselsservelinertraderoutes;ofwhich4,721arepurecontainerships.

Thereare538containervesselsonorder,representinganadditional3.87millionTEUsofcapacity(30%oftheexistingfleetcapacity).

Thethreelargestcontainershipoperatorsaccountfor35%ofworldstotalcontainershipcapacity.

Thetopsevenshippinglinesrepresent50%ofthetotalglobalfleetscurrentcontainercapacity.

Containershipscarryonethirdofallglobaltradebyvalue.

Source:AXSAlphaliner,9/09

(Sources:WorldShippingCouncil;Alphaliner,February2010)

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Longtermattractivenessoftheportindustryisdrivenbyongoingglobalization,containerizationandprivatization

Worldcontainerporthandlingdemand(TEUmillion)

10%CAGRfrom1990 2008 13%for2009/3%in2010? 5%CAGRnext5years?

1990 2009 - 10 2015

Fundamentaldriversofportdemand

Economicglobalization. Increasedregionaltrade(e.g.IntraSoutheastAsia).

Increasedcontainerizationofcommodities(e.g.reefer).

Necessitytoupgradeexistingcapacity(e.g.Westernmarket,deepdraft).

Privatizationopportunities. Growingconsumerdemandindevelopingcountries.

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2009Rankings:WorldsLargestContainerports

(APMTerminalsGlobalTerminalNetworklocationslistedinbolditalic)Source:ContainerisationInternational,March2010

Port Volume (MillionTEUs)

Singapore 25.8Shanghai(China) 25.0HongKong 20.9Shenzhen (China) 18.2Busan(Korea) 11.9Guangzhou(China) 11.2

Dubai(UAE) 11.1Ningbo(China) 10.5Qingdao(China) 10.2Rotterdam(Netherlands) 9.7

Tianjin(China) 8.7Kaohsiung(Taiwan) 8.5Antwerp(Belgium) 7.3PortKlang (Malaysia) 7.3Hamburg(Germany) 7.0LosAngeles(USA) 6.7TanjungPelepas(Malaysia) 6.0LongBeach(USA) 5.0Xiamen(China) 4.6LaemChabang(Thailand) 4.6

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Portoperatormarketshares:APMTerminalsranks3rd,goalisnottobethebiggest,butthebest.

Source:DrewryShippingConsultants,August2009

2006 2007 2008TEUmillionEquityweighted

Volumes MarketShare Volumes MarketShare Volumes MarketShare

PSA 42.4 9.6% 50.5 10.3% 50.8 9.8%

Hutchison 30.9 7.0% 35.1 7.2% 34.9 6.8%

APMTerminals 28.4 6.4% 31.4 6.4% 34 6.6%

DPWorld 25.9 5.9% 30.5 6.2% 32.1 6.2%

TotalTop4Operators 127.6 28.9% 147.5 30.1% 151.8 29.4%

Otheroperators 314.4 71.1% 342.5 69.9% 364.2 70.6%

Total 442.0 100.0% 490.0 100.0% 516.0 100.0%

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Top20ContainershipLinesrankedbyfleetcapacity

(Source:AXSAlphaliner,March2010)

TEUS

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APMTerminalsisredefiningtheindustryithelpedcreate

Mostgeographicallybalancedportfolioofanyterminaloperator. Named2009PortOperatoroftheYear byLloydsList. StrongfinancialstabilityoftheparentA.P.MollerMaerskGroup. Industryleading,customerdrivenefficiencyandinnovation. Asanindependentoperator,APMTerminalscanserveallcustomers. Comprehensivenewterminaldevelopmentandexistingfacilityexpansionworldwide. Equippedtoservelargervesselsenteringtheglobalfleet. Corporatecommitmenttoimprovementin:

HealthandSafety Security Environmentalsustainability Localcommunities

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Forfurtherinformation

APMTerminals.com

Trade lanes are the arteries of international commerce. Containerports are at the heart of the global economy.Presentation overview Company introductionAPM Terminals is part of the A.P. MollerMaersk Group APM Terminals has an independent reporting structureAPM Terminals core business is container port management History: 50 years of innovation, growth and progress Established in 2004 as a separate and independent business unit, APM Terminals consistently outperforms the market.APM Terminals container volume growth 2004-2009Regional organization of existing terminal business A truly Global Terminal Network serving all major marketsAmericas RegionEurope RegionAfrica, Middle East and Indian Subcontinent RegionAsia Pacific RegionDemonstrated Performance and ProgressApapa, Nigeria: Significant improvement in service & safety levelsAqaba, Jordan: Successful privatizationBenchmarking safety performanceThe current container shipping market Todays global fleet requires a Global Terminal NetworkLong-term attractiveness of the port industry is driven by ongoing globalization, containerization and privatization2009 Rankings: Worlds Largest Containerports Port operator market shares: APM Terminals ranks 3rd,goal is not to be the biggest, but the best.Top 20 Containership Lines ranked by fleet capacity APM Terminals is redefining the industry it helped create For further information