DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Interim Report Hamburger Hafen und Logistik AG: HHLA Maintains Course of Growth in Throughput and Transport 14.08.2013 / 07:30 --------------------------------------------------------------------- HHLA Interim Report January to June 2013 HHLA Maintains Course of Growth in Throughput and Transport - Container throughput up by 6.8 % - Transport companies still included in the Intermodal segment achieve an increase in container transport by 21.8 % - Market positions extended further - Slight increase in operating result (EBIT) adjusted for one-off gains In the first half of 2013, Hamburger Hafen und Logistik AG (HHLA) increased its container throughput by 6.8 % to 3.8 million standard containers (TEU). The volume handled by HHLA's transport companies in the newly aligned Intermodal segment also rose significantly by 21.8 % to 581 thousand TEU. The operating result (EBIT) - adjusted for one-off gains - increased slightly, but failed to match this volume growth due to continuing costs relating to modernisation and restructuring as well as the expenses associated with the flooding in the area of key hinterland connections. Group revenue increased by 1.6 % to EUR 575.2 million. 'Hamburger Hafen und Logistik AG has achieved significant volume growth in both container throughput and container transport, and has therefore extended its market position. This is very remarkable, particularly in light of the challenging market conditions. The fact that the revenue and earnings trend hasn't been able to fully match the increase in transport volumes can largely be attributed to this difficult business environment. For instance, we have incurred significant additional expenses due to the continuing delays in dredging the river Elbe. However, the volume growth confirms our strategy of combining a leading position in terms of the performance and technology of our terminals with our highly productive hinterland systems', said Klaus-Dieter Peters, Chairman of the HHLA Executive Board. Leading Position in Baltic Sea Traffic Strengthened Despite unfavourable conditions - only moderate global economic growth, delays in dredging the river Elbe and the Kiel canal's temporary operational restrictions - HHLA's container terminals in Hamburg and Odessa significantly increased their throughput. With a slight overall decline in container throughput at the Northern European ports, the throughput volume at HHLA's container terminals increased by 6.8 % to 3.8 million standard containers (TEU). HHLA was therefore able to further extend its market share. This success is primarily attributable to strong growth in European feeder traffic to the Baltic Sea (up by 12.6 %) and to a substantial recovery of Far East traffic. In the first half of 2013, this increased by 8.5 %. The HHLA Container Terminal Odessa also succeeded in increasing its throughput significantly. Earnings growth lagged slightly behind the development in revenue. The operating result (EBIT) in the Container segment increased year-on-year by 3.0 % to EUR 68.8 million. This reflects general cost increases, the modernisation expenses at the Container Terminal Burchardkai, the increased ratio of lower-margin feeder traffic and the additional operating costs resulting from the continuing delays in dredging the river Elbe. New Transport Services Successfully Launched in Germany The rail companies Metrans and Polzug and the trucking company CTD further extended their market shares in the first half of 2013. With growth of 21.8 % in a market environment characterised by lower overall volumes, their transport volume increased significantly. Key contributing factors here were the new connections to Austria, Germany and the seaports in Poland. The Metrans hub terminal in the Czech city of Ceska Trebova - which went into operation in early 2013 - rounds off the Intermodal network and relieves Metrans' Prague hub. Revenue at the segment's remaining companies exceeded the previous year's level by a considerable margin. The operating result (EBIT) also increased, but was slowed in its dynamic by the start-up costs for network expansion and new connections as well as the extreme flooding in the area of key hinterland connections in May and June. Forecast for Revenue and EBIT Unchanged In the first half of the year, HHLA increased its container throughput and container transport of the companies still included in the Intermodal segment. However, on account of the continuing expenses associated with the current challenging market conditions, this required greater efforts. HHLA is therefore upholding its forecast for revenue and operating result (EBIT) for the 2013 financial year. HHLA expects Group revenue of between EUR 1.1 billion and EUR 1.2 billion and an operating result in a range of EUR 155 million to EUR 175 million, however, without major progress in the restructuring processes the result is expected to be at the low half of this range. Slight, single-digit growth in container throughput is expected for 2013 as a whole. Changes in Key Group Figures at a Glance (January to June 2013) - Revenue rose by 1.6 % to EUR 575.2 million. - The operating result before depreciation and amortisation (EBITDA) was 8.2 % lower than in the previous year, at EUR 141.9 million. - The operating result (EBIT) fell by 14.0 % to EUR 81.0 million. However, adjusted for the one-off gain resulting from the realignment of the Intermodal segment, EBIT increased slightly. - Profit after tax and minority interests fell by 31.0 % to EUR 29.0 million. At EUR 561.3 million for the period from January to June 2013, the revenue generated by HHLA's core business - operated by the listed Port Logistics subgroup - rose by 1.5 % on the previous year. The subgroup's operating result (EBIT) fell by 17.0 % to EUR 73.6 million. Earnings per share decreased 35.2 % to EUR 0.37. Key Figures HHLA Group

in EUR million                           1-6 | 2013  1-6 | 2012     Change
Revenue                                       575.2       566.3      1.6 %
EBITDA                                        141.9       154.6    - 8.2 %
EBIT                                           81.0        94.2   - 14.0 %
EBIT margin in %                               14.1        16.6   - 2.5 pp
Profit after tax                               46.5        58.0   - 19.8 %
Profit after tax and minority interests        29.0        42.0   - 31.0 %
Container throughput in thousand TEU          3,757       3,516      6.8 %
Container transport in thousand TEU1            581         697   - 16,6 %
                                         30.06.2013  31.12.2012     Change
Equity ratio in %                              32.3        31.8     0.5 pp
Employees                                     4,937       4,915      0.4 %

1 Transport volume was fully consolidated in the previous year. The first quarter of 2012 includes the volume of TFG Transfracht, in which HHLA held a stake until its disposal in the second quarter of 2012. Key Figures Port Logistics Subgroup

in EUR million                           1-6 | 2013  1-6 | 2012    Change
Revenue                                       561.3       552.8     1.5 %
EBITDA                                        132.5       147.1   - 9.9 %
EBIT                                           73.6        88.7  - 17.0 %
EBIT margin in %                               13.1        16.0  - 2.9 pp
Profit after tax and minority interests        25.7        39.7  - 35.2 %
Profit per Class A share in EUR                0.37        0.57  - 35.2 %

Contact: Dr. Susanne Umland Investor Relations HAMBURGER HAFEN UND LOGISTIK AG Bei St. Annen 1, D-20457 Hamburg, www.hhla.de Tel: +49-40-3088-3397 Fax: +49-40-3088-55-3397 E-mail: [email protected] End of Corporate News --------------------------------------------------------------------- 14.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Hamburger Hafen und Logistik AG Bei St. Annen 1 20457 Hamburg Germany Phone: +49 (0)40-3088-0 Fax: +49 (0)40-3088-3355 E-mail: [email protected] Internet: www.hhla.de ISIN: DE000A0S8488 WKN: A0S848 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Düsseldorf, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 225644 14.08.2013