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BEHRENDT APPOINTED TO BOARD OF HAPAG-LLOYD

BEHRENDT APPOINTED TO BOARD OF HAPAG-LLOYD

   Michael Behrendt has been appointed to the executive
board of Hapag-Lloyd, with responsibility for the Hapag-Lloyd subsidiaries VTG-Lehnkering
AG and Algeco S.A.
   Behrendt is concurrently chairman of the executive board of VTG-Lehnkering,
the chemicals logistics company that will became part of Hapag-Lloyd following a
restructuring of activities within the Preussag group.