Hamburger Hafen und Logistik AG

Prospectus • Nov 1, 2007

News Details

Ad-hoc | 1 November 2007 23:11

Hamburger Hafen und Logistik AG: PLACEMENT PRICE FOR HHLA SHARES SET AT EUR 53.00

Hamburger Hafen und Logistik AG / IPO/IPO

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Hamburg, November 1, 2007 – Today Hamburger Hafen und Logistik AG (HHLA),
HHLA-Beteiligungsgesellschaft mbH, a wholly owned subsidiary of the Free
and Hanseatic City of Hamburg (as Selling Shareholder), the Free and
Hanseatic City of Hamburg and Citi and JPMorgan (as Joint Bookrunners) have
jointly determined the offer price for shares in the public offering of
HHLA at EUR 53.00 per share. This offer price is at the upper end of the
previously established price range of EUR 43.00 to EUR 53.00 per share. At
this price, the issue was more than ten times oversubscribed.

All 22,000,000 Class A shares of Hamburger Hafen und Logistik AG offered
were placed in the offering. 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 to the syndicate banks 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 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 total 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
admitted to trading (approximately 27 percent without exercise of the
greenshoe option). The first day of trading on the Regulated Market (Prime
Standard) of the Frankfurt Stock Exchange and the Hamburg Stock Exchange is
expected to be November 2, 2007.

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.

Additional information:

ISIN: DE000A0S8488
Security Identification Number: A0S848
Listing requested: Regulated Market / Prime Standard Frankfurt Stock
Exchange; Regulated Market Hamburg Stock Exchange
Registered office of the Company: Germany

HHLA
Matthias Funk
Investor Relations
Bei St. Annen 1
D-20457 Hamburg
Tel. 040-3088-3397
E-mail: funk@hhla.de

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.
01.11.2007 Financial News transmitted by DGAP

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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

Notierung vorgesehen (Regulierter Markt/Prime Standard) // designated to be listed (Regulated Market/Prime Standard)

End of News DGAP News-Service

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