Introduction by CEO - Maersk Tankers

A.P. Moller - Maersk GroupIntroductionby CEO“The premise forany business isto make a profitfor its shareholders,and we believethat high businessstandards play asignificant role inensuring our continuedgrowth andsuccess.“Dear Colleagues,Our company is built on strong values,and as a natural extension of these,we formulated our first set of businessprinciples in 2007. Since then, a numberof changes have taken place, and I ampleased to share with you the MaerskPrinciples of Conduct which are alignedwith our commitment to the UN GlobalCompact.The premise for any business is tomake a profit for its shareholders, andwe believe that high business standardsplay a significant role in ensuring ourcontinued growth and success.The Maersk Principles of Conduct havebeen developed in consultation withboth internal and external stakeholders,and take into account the latest global,economic, social and environmentalchallenges that impact our business.The Maersk Principles of Conductprovide guidance on what we standfor as a company, and they governhow each business unit and employeewithin the A.P. Moller - Maersk Groupengages with customers, colleagues,suppliers and the community. Theyoutline our commitment to responsiblebusiness practices and the key principlesthat form part of our approach tosustainability.I encourage all employees to embracethese principles and thereby contributeto the overall success ofA.P. Moller - Maersk.Nils S. AndersenCEO of the A.P. Moller - Maersk Group

A.P. Moller - Maersk GroupThe MaerskPrinciples of ConductSupporting and respectinginternationally proclaimedhuman rights• We respect human rights and endeavour to ensurethat we do not contribute to human rights violations.Responsiblebusiness behaviour• We conduct our business in an ethical and lawfulmanner, and we will promote the same businessbehaviour within our sphere of influence.• We work against all forms of corrupt practices,including bribery and extortion.• We compete fairly everywhere we do business.• We are committed to promoting sustainablebusiness practices in our supply chain.A good placeto work• We treat every employee with respect and dignity andare committed to creating a working environment freefrom discrimination and harassment, and one in whichdiversity is encouraged.• We respect our employees’ rights to associate freely– to form and to join, or not to join, trade unions – andto bargain collectively.• We do not tolerate any form of forced or compulsorylabour.• We prohibit the use of child labour.Maintaininghigh security standards• We endeavour to take all precautions necessary tomaintain high security standards and security awarenesswithin our organisation at all times.Supportingour customers• We wish to be recognised as a reliable, trusted andengaged partner in all our business dealings.Protectingthe environment• We protect the environment by exercising constantcare and optimising our operations, and endeavourto use natural resources responsibly and reduce ourenvironmental impact.• We are committed to countering climate change bystriving to minimise greenhouse gas emissions fromour business activities.Engagingwith society• We strive to improve the ways in which we contributedirectly or indirectly to the sustainable development ofthe communities in which we work and society at large.• We are committed to being accountable to our stakeholdersand report publicly on our performance.Protectinghealth and safety• We are committed to providing all people workingunder our direction with a healthy and safe workenvironment, and continuously strive to improveour performance.