Financial News

Hamburg, 26 October 2015

Hapag-Lloyd: Outlook for 2015 unchanged

In response to queries received following Maersk's update on Friday, October 23, 2015, Hapag-Lloyd reiterates its outlook for 2015 as provided in the IPO prospectus published on October 14, 2015.

Based on current trading, the EBITDA margin in September is expected to be in line with the information provided in the IPO prospectus for July and August. For the full year 2015 the outlook remains unchanged, Hapag-Lloyd is expecting a high single-digit EBITDA margin.

About Hapag-Lloyd
With a fleet of 188 modern container ships, Hapag-Lloyd is one of the world's leading container liner shipping companies. The Company has approx. 10,000 employees at 349 sites in 116 countries. Since the merger with CSAV's container business in December 2014, the Hapag-Lloyd fleet has offered a total transport capacity of around one million standard containers (TEU) as well as a container fleet of 1.6 million TEU - including one of the world's largest and state-of-the-art reefer fleets. 128 liner services worldwide ensure fast, reliable connections between all the continents. Hapag-Lloyd is a founding member of the G6 Alliance, one of the largest shipping alliances worldwide. Hapag-Lloyd is one of the leading operators in the Atlantic and Latin America trades.

Disclaimer

These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the "Shares") of Hapag-Lloyd AG (the "Company") in the United States, Germany or any other jurisdiction. The Shares of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Shares of the Company have not been, and will not be, registered under the Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in, and in reliance on, Rule 144A under the Securities Act.

This publication constitutes neither an offer to sell nor a solicitation to buy securities of Hapag-Lloyd AG. The offer is being made solely by means of, and on the basis of, the published securities prospectus (including any amendments thereto, if any). An investment decision regarding the publicly offered securities of Hapag-Lloyd AG should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from Hapag-Lloyd AG, Ballindamm 25, 20095 Hamburg, Germany, or on the Hapag-Lloyd AG website.

In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This press release contains forward-looking statements, which involve risks, uncertainties and assumptions that could cause actual results, performance or events to differ materially from those described in, or expressed or implied by, such statements. These statements reflect Hapag-Lloyd's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project" and "target". The forward-looking statements contained in this press release are based on estimates and assessments made to the best of our present knowledge. These forward-looking statements are based on assumptions and are subject to risks, uncertainties and other factors, the occurrence or non-occurrence of which could cause our actual results, including the financial condition and results of operations as well as the profitability of Hapag-Lloyd, to differ materially from or fail to meet the expectations expressed or implied in the forward-looking statements. Even if our future results are consistent with the forward looking statements contained in this press release, they may not be indicative of results in subsequent periods. Actual results, performance or events may differ materially (and be more negative than) from those in such statements due to the factors described in the prospectus published on 14 October 2015 available on the Company's website.

The unaudited interim condensed consolidated financial statements of the Company for the nine months ended September 30, 2015 have not been finalized and the results might be impacted by closing effects in the preparation of the consolidation. In addition, Hapag-Lloyd's business is cyclical in nature and depends on factors beyond the Company's control. These factors include the balance between demand for container shipping services and the supply of vessel and container capacity, bunker fuel prices and currency exchange rate movements. The foregoing information has not been audited or reviewed by the Company's independent auditor KPMG and should not be regarded as an indication, forecast or representation by Hapag-Lloyd or any other person regarding the Company's financial performance for the nine months ended September 30, 2015 or the financial year 2015.