DGAP-News: Hapag-Lloyd Aktiengesellschaft

DGAP-News: Hapag-Lloyd AG: Hapag-Lloyd shareholders approve all items on AGM agenda

DGAP-News: Hapag-Lloyd AG / Key word(s): AGM/EGM Hapag-Lloyd AG: Hapag-Lloyd shareholders approve all items on AGM agenda

26.08.2016 / 18:45 The issuer is solely responsible for the content of this announcement.

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Hamburg, 26 August 2016

Hapag-Lloyd shareholders approve all items on AGM agenda

Capital-related conditions for merger with UASC passed / Approval of necessary authorised share capital / Actions of Executive Board and Supervisory Board in 2015 formally approved / New Supervisory Board members appointed or confirmed

The Hapag-Lloyd shareholders approved all items on the agenda at today's Annual General Meeting. The main matter regarded creating the capital conditions required for the planned merger with the Arabian liner shipping company UASC. The shareholders therefore approved the creation of new authorised share capital. This is to be used for the merger with the liner shipping company UASC, which is to be incorporated into Hapag-Lloyd as a contribution in kind. The shareholders also approved the expansion of the Supervisory Board from the current twelve members to 16, which is to take place once the merger with UASC is concluded. This expansion is due to the current majority shareholders of UASC, Qatar Holding LLC (QH) and Saudi Arabia's Public Investment Fund (PIF), each being set to receive a place on the Hapag-Lloyd AG Supervisory Board upon conclusion of the merger. The merger is still subject to antitrust approvals. Hapag-Lloyd submitted the relevant applications soon after signing the business combination agreement.

"The pending merger with UASC is another strategic milestone for Hapag- Lloyd. We intend to bring the skills of Hapag-Lloyd and UASC together in such a way that the Company is in a stronger position to face both current and future industry challenges. Hapag-Lloyd is not only growing, it is also becoming more international and, above all, more competitive," said Rolf Habben Jansen, CEO of Hapag-Lloyd AG, while addressing the approximately 300 shareholders in attendance. "This merger gives us the large vessels we need in order to achieve low transport costs per container. With the investments already made by UASC in

these ship classes, Hapag-Lloyd will not need to make any more investments in large vessels in the next few years." He continued: "With this merger, we are consolidating our position among the world's five biggest container shipping companies in the long term and are considerably increasing the gap between us and the shipping companies that come after us. We expect the combination of Hapag-Lloyd and UASC to reap us further significant improvements in our profitability and we firmly believe that the merger will allow us to rise to the various industry challenges even better and more strongly than ever before."

Aside from the planned expansion of the Supervisory Board, the shareholders also approved the appointment of Nicola Gehrt to the board. She will replace Horst Baier, whose tenure expired at the end of today's Annual General Meeting. Karl Gernandt and Rainer Klemmt-Nissen, whose tenures likewise expired, were confirmed as members of the Supervisory Board for another term.

The results of all the votes at today's Annual General Meeting can be found in the Investor Relations section of the Hapag-Lloyd website (www.hapag- lloyd.com/hv).

About Hapag-Lloyd

With a fleet of 170 modern container ships and a total transport capacity of 952,000 TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 9,300 employees at 365 sites in 120 countries. Hapag-Lloyd has a container capacity of 1.5 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 128 liner services worldwide ensure fast, reliable connections between all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Latin America and Intra-America trades.

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26.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Language: English Company: Hapag-Lloyd AG Ballindamm 25 20095 Hamburg Germany Phone: +49 (0) 40 3001 - 2896 Fax: +49 (0) 40 3001 - 72896 E-mail: ir@hlag.com Internet: www.hapag-lloyd.com ISIN: DE000HLAG475, USD33048AA36 WKN: HLAG47, A1E8QB Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------

496361 26.08.2016