Ad hoc Releases

Ad hoc releases pursuant to Article 17 MAR.

Regresar a 2015

Hapag-Lloyd adjusts price range and offer structure

Hapag-Lloyd AG  / Key word(s): IPO

30.10.2015 07:45

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The issuer is solely responsible for the content of this announcement.


Hamburg, 30 October 2015  

Hapag-Lloyd adjusts price range and offer structure

Due to ongoing market volatility, Hapag-Lloyd ("the Company") and its
existing shareholders after consultation with the Joint Global Coordinators
have decided to adjust the price range and the offer structure in the
course of the initial public offering ("IPO") of Hapag-Lloyd.

The new price range has been set at EUR 20 to EUR 22 per share. Under the
adjusted offer structure, the number of shares from the capital increase
has been increased to up to 13,228,677 shares that the Company will sell
based on the offer price and will be such number of shares as is necessary
to still provide the Company with gross proceeds of approximately US$300
million (about EUR 265 million). Core shareholders Kühne Maritime ("Kühne")
and Compañía Sud Americana de Vapores (CSAV) have reiterated their
cornerstone orders of US$30 million each. Further up to 1,984,301 shares
from the holdings of TUI-Hapag Beteiligungs GmbH ("TUI") will be offered to
cover potential over allotments. The new offer structure does not provide
TUI with an additional shares placement option.

The adjusted offering consists of a total of up to 15,212,978 shares of
Hapag-Lloyd. The new total offering size including primary proceeds for
Hapag-Lloyd and potential over allotments can amount up to approximately
US$ 345 million (about EUR 304 million). This would imply a free float of
up to 18 per cent across the price range, including existing Hapag-Lloyd
shareholders with an ownership of below 5 per cent.

The supplement to the IPO prospectus indicating the amended terms of issue
still requires approval from the German Financial Supervisory Authority
(BaFin), which is expected during the course of today. The offer period for
the new shares had previously been extended until 3 November 2015.

Upon successful conclusion of the offering, the shares are expected to
start trading on the regulated market (Prime Standard) of the Frankfurt
Stock Exchange and the regulated market of the Hamburg Stock Exchange on 6
November 2015 under the German Securities Code (WKN) HLAG47 and
International Securities Identification Number (ISIN) DE000HLAG475.

Berenberg, Deutsche Bank and Goldman Sachs International are acting as
Joint Global Coordinators and Joint Bookrunners. Citigroup, Credit Suisse,
HSBC and UniCredit have been mandated as additional Joint Bookrunners. DZ
BANK, ING and M.M.Warburg & CO will act as Co-Lead Managers.

About Hapag-Lloyd

With a fleet of 188 modern container ships, Hapag-Lloyd is one of the
world's leading container liner shipping companies. The Company has approx.
10,000 employees at 349 sites in 116 countries. Since the merger with
CSAV's container business in December 2014, the Hapag-Lloyd fleet has
offered a total transport capacity of around one million standard
containers (TEU) as well as a container fleet of 1.6 million TEU -
including one of the world's largest and state-of-the-art reefer fleets.
128 liner services worldwide ensure fast, reliable connections between all
the continents. Hapag-Lloyd is a founding member of the G6 Alliance, one of
the largest shipping alliances worldwide. Hapag-Lloyd is one of the leading
operators in the Atlantic and Latin America trades.


These materials may not be published distributed or transmitted in the
United States, Canada, Australia or Japan. These materials do not
constitute an offer of securities for sale or a solicitation of an offer to
purchase securities (the "Shares") of Hapag-Lloyd AG (the "Company") in the
United States, Germany or any other jurisdiction. The Shares of the Company
may not be offered or sold in the United States absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended (the "Securities Act"). The Shares of the Company have not been,
and will not be, registered under the Securities Act. Any sale in the
United States of the securities mentioned in this communication will be
made solely to "qualified institutional buyers" as defined in, and in
reliance on, Rule 144A under the Securities Act.

This publication constitutes neither an offer to sell nor a solicitation to
buy securitie of Hapag-Lloyd AG. The offer is being made solely by means
of, and on the basis of, the published securities prospectus (including any
amendments thereto, if any). An investment decision regarding the publicly
offered securities of Hapag-Lloyd AG should only be made on the basis of
the securities prospectus. The securities prospectus is available free of
charge from Hapag-Lloyd AG, Ballindamm 25, 20095 Hamburg, Germany, or on
the Hapag-Lloyd AG website.

In the United Kingdom, this document is only being distributed to and is
only directed at persons who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together
being referred to as "Relevant Persons"). This document is directed only at
Relevant Persons and must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or investment activity to which this
document relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.

30.10.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Hapag-Lloyd AG
              Ballindamm 25
              20095 Hamburg
Phone:        +49 (0) 40 3001 - 2896
Fax:          +49 (0) 40 3001 - 72896
E-mail:       [email protected]
ISIN:         DE000HLAG475, USD33048AA36
WKN:          HLAG47, A1E8QB
Listed:       Regulated Market in Frankfurt (Prime Standard), Hamburg
Notierung vorgesehen / intended to be listed (Frankfurt/Prime Standard und Hamburg)
End of Announcement                             DGAP News-Service

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