Large majority favours proposal for scrip dividend

The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA), which was again held virtually this year without the physical presence of the shareholders or their proxies, approved today all the proposals put to the agenda with a clear majority. Shareholders had the option to follow the entire Annual General Meeting live via the company’s shareholder portal in audiovisual format. Shareholders voted on numerous items, including the proposal made by the Executive Board and the Supervisory Board for distributing a dividend of € 0.45 per Class A share in the form of a scrip dividend for the 2020 financial year (previous year: € 0.70). In doing so, shareholders are able to decide, as in the previous year, whether to receive their dividend in cash or in the form of shares.

In her speech, Angela Titzrath, Chairwoman of the Executive Board, looked back at the 2020 financial year, in which HHLA managed to achieve a Group EBIT of € 123.6 million (previous year: € 221.2 million) after provisions despite the strong impact of the coronavirus pandemic and the ensuing temporary restrictions. Furthermore, she shed light on the current developments and shared a forecast for the ongoing 2021 financial year, stating her confidence that the targets set will be reached despite the still challenging market conditions.

Chairwoman of the Executive Board, Angela Titzrath “Despite the coronavirus restrictions, HHLA consistently and successfully fulfilled its duty as a service provider, continued to pursue its strategic targets, expanded its network and achieved a positive operating result. Through our courage and determination, HHLA has become even more digital, more sustainable and more innovative over the past few months.”

Furthermore, she cited the successes achieved in terms of the further development of the company and its international networking as well as the successful implementation of HHLA’s sustainability strategy.

Titzrath said: “In light of the magnitude of the global climate crisis, we cannot be satisfied with what we have achieved. Out of responsibility for future generations, we cannot relent in our efforts now. However, we only set ourselves targets that we consider feasible. Therefore, we have a clear target: we want to make the production across the entire HHLA Group climate-neutral by 2040.”

The detailed voting results of the Annual General Meeting, the speech by the Chairwoman of the Executive Board, Angela Titzrath, and the accompanying presentation are available here.

The next Annual General Meeting will take place on 22 June 2022 in Hamburg.

_{This document is not an offer to sell securities in the United States. The new Class A shares will only be offered publicly in the Federal Republic of Germany. The subscription rights and Class A shares mentioned in this document were not and will not be registered according to the US Securities Act from 1933 in its currently valid version (“Securities Act”) or with the securities commissions of individual states or other territories of the United States of America. These subscription rights and Class A shares may at no time be directly or indirectly offered, sold, exercised, pledged or transferred in or within the United States of America, except to qualified institutional buyers (QIBs) as defined in Rule 144A of the Securities Act or in the case of an exception in the registration requirements of the Securities Act or a similar transaction that does not fall within its scope as long as it does not violate the applicable securities statutes of the individual states of the United States of America.}

_{This press release was produced by HHLA and/or its subsidiaries for information purposes only. This press release may contain statements, estimates, opinions and forecasts related to the expected future development of HHLA (forward-looking statements) that reproduce various assumptions with respect to e.g. earnings derived from HHLA’s current operations or public sources which have been neither reviewed independently nor assessed in detail by HHLA and could thus later turn out to be inaccurate. All forward-looking statements reproduce current expectations based on the current business plan and further assumptions, therefore entailing considerable risks and uncertainties. Therefore, forward-looking statements should not be understood as a guarantee for future performance or earnings. Furthermore, they do not represent any necessarily accurate indicators that the expected results will be achieved. All forward-looking statements relate only to the date on which this press release was made available to recipients. The recipients of this press release are responsible for making their own detailed assessment of the validity of forward-looking statements and these underlying assumptions. HHLA assumes absolutely no liability for all direct or indirect damage or losses, consequential damage or losses as well as penalties that recipients could incur as a result of basing their actions on this press release, its content and forward-looking statements in particular or in any other form to the extent permitted by law. HHLA provides no guarantee or assurance (neither explicit nor implicit) with regard to the information in this press release. HHLA is not obliged to update or correct the information, forward-looking statements or conclusions provided in this press release, to record subsequent developments or circumstances or to correct inaccuracies that become known after the date of this press release.}