A. P. Møller - Mærsk A/S announced that the acquisition of Royal P&O Nedlloyd N.V. has been completed. All conditions to the offer have been fulfilled and payment for the tendered shares has been made.

Management Philip Green, Royal P&O Nedlloyd CEO, and David Robbie, Royal P&O Nedlloyd CFO, will step down. Philip Green will assist and work with A. P.
Møller - Mærsk A/S for a period during the integration.

P&O Nedlloyd will give notice of withdrawal to specified consortia and conferences shortly. Until February 2006 P&O Nedlloyd and Maersk Sealand will continue to operate as separate shipping lines. This is to offer customers stability of network and services throughout the coming peak season, to keep services and network intact throughout this year, and to honour P&O Nedlloy commitments to various conferences and consortia.

After February 2006, Maersk Sealand and P&O Nedlloyd will be branded under the new name of Maersk Line. Maersk Logistics and P&O Nedlloyd Logistics will be integrated under the brand name of Maersk Logistics.

The full integration will be completed in stages and is expected to be completed by the end of 2006.