Ad hoc Releases

Hamburg, 31 January 2019

Hapag-Lloyd AG: Early partial redemption of EUR 450 million Senior Notes due 2022 in an amount of EUR 170 million

Hapag-Lloyd AG (HLAG) has decided to redeem EUR 170 million in aggregate principal amount of its outstanding 6.75% senior notes due 2022 on 11 February 2019 at the fixed redemption price of 103.375 percent.¹⁾ USD 152 million (approximately EUR 133 million as of today) of the EUR 170 million will be paid from cash proceeds resulting from the settlement of a receivable of HLAG's subsidiary United Arab Shipping Company Limited (UASC) which was recognized in the course of the business combination of HLAG and UASC.

1) Regulation S Global Notes: Common Code 155557664, ISIN XS1555576641

Restricted Global Notes: Common Code 155557699, ISIN XS1555576997