ANNOUNCEMENT
A.P. Møller - Mærsk A/S – Approval of Settlement of Algerian tax claims
On 9 March 2012 A.P. Møller - Mærsk A/S announced that Mærsk Olie, Algeriet A/S, a 100% owned subsidiary in the A.P. Moller - Maersk Group had settled a dispute regarding an Algerian tax collected by the Algerian national oil company, Sonatrach S.P.A.
The settlement was subject to approval of amendment no. 4 to the production sharing contract (PSC) by the competent Algerian authorities. The authorities have now approved it and the settlement is therefore considered final. The settlement of disputed tax payments will have a positive impact on the Maersk Oil 2012 result of approximately USD 920 million.
Further, it is expected that the effect of the improved terms of the PSC will moderately increase Maersk Olie, Algeriet A/S’ share of oil production as from third quarter 2012 and for the remaining term of the PSC.
Copenhagen, April 2, 2012
Contact Person: Head of Investor Relations, Henrik Lund, tel. +45 3363 3106
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