ANNOUNCEMENT
A.P. Møller - Mærsk A/S - Development of the Annual General Meeting on 29 April
2008
The Annual General Meeting of A.P. Møller - Mærsk A/S took place on 29 April
2008 at Mærskgården, Svendborg.
Agenda:
a) Report on the Company's activities during the past financial year.
b) Submission of the audited annual report for adoption.
c) Resolution to grant discharge to directors.
d) Resolution on appropriation of profit, including the amount of dividends, or
covering of loss in accordance with the adopted annual report.
The Board proposes payment of a dividend of DKK 650 per share of DKK 1,000.
e) Resolution on authority to acquire own shares.
The Board proposes that in the period until the next Annual General Meeting,
the Board is authorised to allow the Company to acquire own shares of a nominal
value up to 10% of the Company's share capital, according to the Danish
Companies Act, art. 48. The purchase price must not deviate by more than 10%
from the price quoted on the Copenhagen Stock Exchange on the date of the
purchase.
This authorisation is in force until the Company's next Annual General Meeting.
f) Any requisite election of members for the Board of Directors.
Poul J. Svanholm, Ane Mærsk Mc-Kinney Uggla, Lars Kann-Rasmussen, Jan Leschly,
Svend-Aage Nielsen, Henrik Lorensen Solmer and Cecilie Mose Outzen stand down
from the Board of Directors.
The Board proposes re-election of Poul J. Svanholm, Ane Mærsk Mc-Kinney Uggla,
Lars Kann-Rasmussen, Jan Leschly and Cecilie Mose Outzen. Furthermore, the
Board proposes election of Sir John Bond, Lars Pallesen and John Axel Poulsen.
g) Election of auditors.
According to the articles of association, state authorised public accountant
Jesper Ridder Olsen, KPMG C. Jespersen Statsautoriseret Revionsinteressentskab
and state authorised public accountant Gert Fisker Tomczyk, Grant Thornton
Statsautoriseret Revisionsaktieselskab stand down.
The Board proposes election of KPMG Statsautoriseret Revisionspartnerselskab
and Grant Thornton Statsautoriseret Revisionsaktieselskab.
h) Deliberation of any proposals submitted by the Board of Directors or by
shareholders.
1) The Board proposes adoption of general guidelines concerning incentive pay
for the Management Board of A.P. Møller - Mærsk A/S, cf. section 69b of the
Danish Companies Act. Insofar the guidelines are adopted by the Annual General
Meeting, the below provision, which is not subject to individual adoption, will
be inserted in the Company's Articles of Association as new section 4.2:
“The Company's Board of Directors has drawn up general guidelines concerning
incentive pay for the Management Board of the Company. The guidelines has been
dealt with and adopted by the Annual General Meeting on 29 April 2008 and
published on the Company's website.”
2) A shareholder proposes a share split so that one share of a nominal value of
DKK 1,000 is split up in four shares of a nominal value of DKK 250. The Board
does not support this proposal.
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The Board of Directors had appointed Mr. Søren Meisling, Lawyer, as Chairman of
the meeting.
Re a) The Chairman of the Board of Directors gave a presentation of the
Company's activity in the previous year.
Re b) The audited report was submitted and approved.
Re c) The General Meeting discharged the Directors from their obligations.
Re d) The Board's proposal for distribution of the net surplus of DKK 15,609
million with DKK 2,857 million dividend to the shareholders, equivalent to DKK
650 per share, and DKK 12,752 million as retained earnings was approved.
Re e) The General Meeting authorised the Board to allow the company to acquire
own shares as proposed by the Board.
Re f) Nominee Directors Mr Poul J. Svanholm, Mrs Ane Mærsk Mc-Kinney Uggla, Mr
Lars Kann-Rasmussen, Mr Jan Leschly and Ms Cecilie Mose Outzen resigned. All
Directors were re-elected. Furthermore, Mr Svend-Aage Nielsen and Henrik
Lorensen Solmer resigned as nominee Directors and Mr Sir John Bond, Mr Lars
Pallesen and Mr John Axel Poulsen were elected as new members of the Board.
Re g) KPMG Statsautoriseret Revisionspartnerskab and Grant Thornton
Statsautorisret Revisionsaktieselskab were appointed as Auditors of the
company.
Re h) 1) The General Meeting approved the Board's proposal to general
guidelines concerning incentive pay for the Management Board
2) The proposal regarding a share split was not approved
Meeting adjourned.
Contact person: Executive Vice President Lars-Erik Brenøe,
tel. no. +45 33 63 36 07.
