Hamburger Hafen und Logistik AG

AGM Information • Jun 14, 2012

News Details

Corporate | 14 June 2012 16:39

Hamburger Hafen und Logistik AG: HHLA’s Annual General Meeting approves higher dividend

Hamburger Hafen und Logistik AG / Key word(s): AGM/EGM

14.06.2012 / 16:39

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Hamburger Hafen und Logistik AG (HHLA) is increasing its dividend for the
2011 financial year by 18.2 percent on the previous year. The Annual
General Meeting (AGM) held at CCH Congress Center Hamburg adopted the
proposal of the Executive Board and Supervisory Board to pay out an
earnings-based dividend of EUR 0.65 per dividend-entitled Class A share for
the Port Logistics subgroup.

Around 1000 shareholders and guests attended the Annual General Meeting of
Hamburger Hafen und Logistik AG (HHLA) on 14 June 2012 at CCH Congress
Center Hamburg. This represented
83 percent of the share capital (previous year: 82.1 percent).

Klaus-Dieter Peters, CEO of HHLA, commented in his speech: '2011 was a
successful year for our company. In container throughput we grew more than
twice as fast as our competitors in Europe, and we transported record
volumes in our hinterland systems. As a result, we achieved profitable
revenue growth and a significant increase in net profit after tax and
minority interests for the year.'

The proposal made by HHLA's Executive Board and Supervisory Board to pay
out an earnings-based dividend of EUR 0.65 per dividend-entitled Class A
share for the Port Logistics subgroup for the 2011 financial year was
approved by the shareholders present. This corresponds to a year-on-year
dividend increase of 18.2 percent and a distribution ratio of 54.1 percent
of net profit after tax and minority interests of the Port Logistics
subgroup for the year. HHLA is therefore distributing a total of EUR 45.5
million (previous year: EUR 38.5 million) to its shareholders. The Annual
General Meeting also approved to distribute EUR 1.00 per Class S share for
the unlisted Real Estate subgroup - a total of EUR 2.7 million.

The Annual General Meeting approved all further proposals made by the
Supervisory Board and Executive Board with majorities exceeding 87 percent.
HHLA's CEO, Klaus-Dieter Peters, confirmed the overall forecast for 2012
taking into account the realignment of intermodal activities and a change
in the consolidation method for the fruit logistics companies.

The voting results of the Annual General Meeting, the speech by the CEO,
Klaus-Dieter Peters, and the accompanying presentation are available on the
HHLA website in the Investor Relations section under Annual General Meeting
(www.hhla.de/agm).

End of Corporate News

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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
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
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, Hannover, München,
Stuttgart

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174067 14.06.2012