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  
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496361 26.08.2016