Hapag-Lloyd AG / Key word(s): Profit Warning 18.07.2016 08:05 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hapag-Lloyd AG adjusts its outlook for the financial year 2016 as the development of the freight rates is significantly weaker than expected. The revised expectation of the Executive Board is a clearly decreasing EBITDA and a clearly decreasing EBIT compared with previous year. In the second quarter of 2016 the average freight rate of Hapag-Lloyd AG decreased to 1,019 USD/TEU, i.e. 245 USD/TEU below prior year period (1,264 USD/TEU in Q2 2015). The recovery at the beginning of July does not seem sufficient and sustainable enough. Additionally bunker prices have increased throughout the second quarter of 2016. After the potential Business Combination with United Arab Shipping Company S.A.G. (UASC) transaction related one-off costs will also impact the results in 2016. 18.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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: [email protected] 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 Announcement DGAP News-Service ---------------------------------------------------------------------------