| Code: 65184 |

TIN news:     Hapag-Lloyd expects total gross proceeds in the equivalent Euro amount of US$500 million from the IPO. US$400 million will stem from the sale of newly issued shares to institutional and retail investors.
 
In addition the core shareholders Kühne Maritime ("Kühne") and Compañía Sud Americana de Vapores ("CSAV") are participating in the IPO with US$100 million by placing cornerstone orders of US$50 million each.
 
Hapag-Lloyd intends to use the expected US$500 million IPO proceeds for further investments in ships and containers to further strengthen its capital structure, long-term growth and profitability. The offer will also comprise additional shares from TUI and a market standard greenshoe.
 
"The IPO is an important milestone in the history of Hapag-Lloyd", said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd.
 
"This move will give us better access to the capital markets which will enable us to further invest in our business to become more competitive, which will be good for our customers, our people and our shareholders. We are especially pleased about the investment of our core shareholders which underlines once more their confidence in the future of Hapag-Lloyd."
 
Attractive and growing market
 
The container trade sector is expected to continue growing highly correlated with global GDP growth. Shipping is the backbone of world trade: the estimated share of world trade via sea was 84% in 2014. The global container volume is expected to grow by a compound annual growth rate of 5.5% between 2014 and 2016. The fundamentals around supply and demand are expected to improve in the coming years, which would provide cyclical upside to the industry.

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