Hamburger Hafen und Logistik AG

Share Issue/Capital Change • Nov 2, 2007

News Details

Corporate | 2 November 2007 10:38

Hamburger Hafen und Logistik AG: HHLA MAKES SUCCESSFUL STOCK MARKET DEBUT

Hamburger Hafen und Logistik AG / IPO

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

Hamburger Hafen und Logistik AG (HHLA), one of the leading port logistics
groups in the European North Range, has made a successful stock market
debut. The initial price per share on the first day of trading today was
EUR 59.00, which was 11.3 percent higher than the offer price of EUR 53.00.

'Our successful debut on the stock market confirms the keen interest of
investors in our company and our business model,' says Klaus-Dieter Peters,
Chairman of the HHLA Executive Board. 'We are also particularly pleased
about the positive response to the HHLA shares from our employees and other
retail investors,' Peters emphasizes.

Approximately 20.81 percent of the offered shares (including greenshoe
option) were allocated to private investors (including employees of the
HHLA Group). Due to the high oversubscription not all orders could be
allocated. The allocation in scope of the offering was carried out in
compliance with the 'Principles for the Allocation of Share Issues to
Private Investors' issued by the Exchange Expert Commission
(Börsensachverständigenkommission) at the German Ministry of Finance on
June 7, 2000. The allotment was carried out under the same criteria
('standardized allocation') for all syndicate banks: Accordingly every
retail investor who placed an order with one of the syndicate banks
receives an allocation as follows: retail investors with an order of up to
99 shares receive full allocation, retail investors with an order of 100
shares to 999 shares receive an allocation of 100 shares plus 20 percent of
their remaining demand and retail investors with an order of 1,000 shares
or more receive a fixed allocation of 350 shares.

Approximately 0.54 percent of the offered shares were allocated to
employees of the HHLA Group on a preferential basis at 50 percent less than
the offer price.

A total of 22,000,000 Class A shares were placed in the IPO of Hamburger
Hafen und Logistik AG. 2,325,000 of these Class A shares were newly issued
in the capital increase approved by the extraordinary shareholders’ meeting
held on October 29, 2007, while 16,875,000 of the Class A shares were from
the portfolio of the existing shareholder, HHLA-Beteiligungsgesellschaft
mbH, an indirect, wholly-owned subsidiary of the Free and Hanseatic City of
Hamburg. The syndicate banks also placed 2,800,000 Class A shares initially
made available by HHLA-Beteiligungsgesellschaft mbH through a securities
loan. HHLA-Beteiligungsgesellschaft mbH has granted the syndicate banks the
right to acquire these Class A shares at the offer price during the
stabilization period of up to 30 days after the day of first trading (the
greenshoe option).

Total issue volume amounted to approximately EUR 1.02 billion excluding the
greenshoe shares and approximately EUR 1.17 billion including the greenshoe
shares. The company will receive gross issue proceeds of approximately EUR
123 million from the offering. Assuming full exercise of the greenshoe
option, the free float with respect to the entire HHLA share capital will
amount to approximately 30 percent (approximately 26 percent without
exercise of the greenshoe option) and approximately 31 percent of the Class
A shares to be admitted for trading (approximately 27 percent without
exercise of the greenshoe option).

The entire share capital of the Company amounts to EUR 72,625,000, which
consists of 69,920,500 Class A shares related to our port logistics
subgroup and 2,704,500 Class S shares related to our real estate subgroup.
The Class S shares continue to be owned indirectly by the Free and
Hanseatic City of Hamburg. Only the Class A shares were admitted to stock
exchange trading. On the basis of the offer price of EUR 53.00, the market
capitalization of the Class A shares totals approximately EUR 3.7 billion.

The Class A shares of Hamburger Hafen und Logistik AG trade on the
Frankfurt and Hamburg Stock Exchanges with the ISIN DE000A0S8488. The
company aims to be included in the MDAX index.

The joint global coordinators and joint bookrunners are Citi and JPMorgan.
Commerzbank is the Co-lead manager and retail coordinator. Additional
members of the underwriting syndicate are the Hamburg banks Berenberg Bank,
HASPA, HSN NORDBANK and M.M.Warburg. Bankhaus Lampe is acting as selling
agent in the IPO.

About HHLA AG
Hamburger Hafen und Logistik AG is one of the leading port logistics groups
in the European North Range. With Container, Intermodal and Logistics
segments in its port logistics operations, HHLA is vertically integrated
along the transport chain. Efficient container terminals, high-capacity
transport systems and a full range of logistics services form a complete
network between overseas ports and the Port of Hamburg’s European
hinterland.

Disclaimer

This release is neither a prospectus nor does it constitute an offer to
sell or the solicitation of an offer to purchase the shares or other
securities of Hamburger Hafen und Logistik AG and is not a substitute for
the prospectus. The shares will be offered exclusively on the basis of the
published prospectus and the supplement no. 1 to this prospectus. The
prospectus and the supplement no. 1 to the prospectus are available free of
charge from Hamburger Hafen und Logistik AG, the underwriting banks and on
the Company’s website, http:// www.hhla.de.

This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the 'Securities Act'). Any public
offering of securities to be made in the United States of America will be
made by means of a prospectus that may be obtained from Hamburger Hafen und
Logistik AG or a selling shareholder, and that will contain detailed
information about the company and management, as well as financial
statements. Hamburger Hafen und Logistik AG does not intend to register any
part of the present or proposed offering in the United States of America.
02.11.2007 Financial News transmitted by DGAP

---

Language: English
Issuer: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Deutschland
Phone: +49 (0)40-3088-1
Fax: +49 (0)40-3088-3355
E-mail: info@hhla.de
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Listed: Regulierter Markt in Frankfurt, Hamburg; Freiverkehr in
Berlin, Hannover, Stuttgart, München, Düsseldorf

End of News DGAP News-Service

---