DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Quarter Results Hamburger Hafen und Logistik AG: HHLA Successfully Started into 2014 Financial Year 14.05.2014 / 07:30 --------------------------------------------------------------------- HHLA Interim Report January to March 2014 HHLA Successfully Started into 2014 Financial Year - Container throughput rose by 2.4 % - 5.1 % growth in container transport - Market positions extended further - Improvements in revenue and operating result (EBIT) In the first quarter of 2014, Hamburger Hafen und Logistik AG (HHLA) increased its container throughput by 2.4 percent to 1.9 million standard containers (TEU). The volume transported by HHLA's Intermodal companies grew by 5.1 percent to 305 thousand TEU. The operating result (EBIT) improved by 4.8 percent to EUR 39.3 million. Group revenue increased by 6.8 percent to EUR 293.5 million. "The 2014 financial year started well for Hamburger Hafen und Logistik AG. The volume increases in both container throughput and transport are particularly pleasing given that we achieved them in largely stagnating markets. Strong growth in Far East traffic was the main factor in enabling us to extend our market position in container handling. This demonstrates our strength in operating in a persistently challenging industry environment. Numerous efficiency-boosting process innovations paid off here. The operating result also grew substantially. The figures for the first quarter also once again bear out our intermodal strategy. The transport volume, revenue and earnings recorded by our hinterland transportation services rose significantly, with disproportionately strong growth again being seen on the new connections in Germany, with Austria and Switzerland," said Klaus-Dieter Peters, Chairman of HHLA's Executive Board. Increase in Far East Traffic Drives Growth in Container Throughput In the first three months of 2014, HHLA's container terminals in Hamburg and Odessa increased their throughput volume by 2.4 percent to 1,862 thousand standard containers (TEU) (previous year: 1,818 thousand TEU). Considerable growth of 8.1 percent in Far East cargo at the HHLA terminals in Hamburg played a substantial role here. Revenue in the Container segment rose by 5.8 percent to EUR 186.1 million (previous year: EUR 175.9 million), and thereby outpaced the growth in volumes. The operating result (EBIT) grew by 17.3 percent to EUR 37.3 million (previous year: EUR 31.8 million). The container terminal in Odessa recorded a decline in the first quarter which was for the time being only partly attributable to the political crisis between Ukraine and Russia. HHLA's Hinterland Strategy has Proved Itself The HHLA transport companies once again succeeded in increasing their container traffic in the seaport hinterland in the first three months of 2014. With growth of 5.1 percent, the transport volume climbed to 305 thousand standard containers (TEU). This rise was due firstly to more frequent links with the Czech Republic and Slovakia and secondly to the success of the new services in Germany, with Austria and Switzerland. HHLA succeeded in further extending its market position here by virtue of considerably higher volumes. With growth of 12.9 percent to EUR 82.9 million (previous year: EUR 73.4 million), the revenue trend in the Intermodal segment outpaced the increase in volume. With growth of 8.1 percent at EUR 5.8 million (previous year: EUR 5.4 million), EBIT also outpaced volume development. Forecast for Revenue and EBIT Unchanged A number of fundamental uncertainties remain as regards the rest of the year. These relate first and foremost to the crisis in Ukraine, general economic risks and the current consolidation process, which is giving rise to new alliances and cooperations in container shipping. Provided that the current structure of cargo flows remains intact, HHLA still expects a slight increase in container throughput and moderate, above-market growth of its Intermodal companies for the full year 2014. On this basis, HHLA aims to achieve revenue slightly higher than in the previous year. At the same time, infrastructure deficits and competitive pressure due to growing idle terminal capacities represent increasing burdens. With this in mind, matching the previous year's earnings figure remains an ambitious target. Development of Key Group Figures at a Glance (January to March 2014) - Revenue rose by 6.8 % to EUR 293.5 million. - The operating result before depreciation and amortisation (EBITDA) was 2.8 % up on the previous year at EUR 69.4 million. - The operating result (EBIT) increased by 4.8 % to EUR 39.3 million. - Profit after tax and minority interests decreased by 27.2 % to EUR 10.5 million. At EUR 286.4 million for the period from January to March 2014, the revenue generated by the listed Port Logistics subgroup - in which HHLA's core business is pooled - grew by 6.8 % year-on-year. The subgroup's operating result (EBIT) rose by 5.1 % to EUR 35.5 million. Earnings per share decreased by 34.0 % to EUR 0.12. Key Figures HHLA Group

in EUR million                           1-3 | 2014  1-3 | 2013     Change
Revenue                                       293.5       274.9      6.8 %
EBITDA                                         69.4        67.6      2.8 %
EBIT                                           39.3        37.5      4.8 %
EBIT margin in %                               13.4        13.7   - 0.3 pp
Profit after tax                               19.2        22.3   - 13.6 %
Profit after tax and minority interests        10.5        14.4   - 27.2 %
Container throughput in thousand TEU          1,862       1,818      2.4 %
Container transport in thousand TEU             305         290      5.1 %
                                         31.03.2014  31.12.2013     Change
Equity ratio in %                              33.8        35.0   - 1.2 pp
Employees                                     5,027       4,924      2.1 %

Key Figures Port Logistics Subgroup

in EUR million                           1-3 | 2014  1-3 | 2013    Change
Revenue                                       286.4       268.1     6.8 %
EBITDA                                         64.5        62.8     2.8 %
EBIT                                           35.5        33.8     5.1 %
EBIT margin in %                               12.4        12.6  - 0.2 pp
Profit after tax and minority interests         8.4        12.8  - 34.0 %
Profit in EUR per Class A share                0.12        0.18  - 34.0 %

The previous year's figures have been restated due to revised IFRS regulations for group accounting. 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 --------------------------------------------------------------------- 14.05.2014 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 --------------------------------------------------------------------- 268138 14.05.2014