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Executive Board




                                                              Hamburg, 18 December 2012

 Ref.: Ocean Freight



 Dear customers,
Hapag-Lloyd and Hamburg S端d are investigating if, and under what conditions, a merger
of both companies would be of interest.


Hapag-Lloyd and Hamburg S端d have a long history of cooperation, and are currently
partners in a number of services. At this stage there is no certainty that the discussions
will ultimately lead to a transaction. We will of course inform you about a result of the
process.


We would like to assure you that in this phase and in the future our employees will
continue to provide you with top-quality services, which we know you have always
appreciated.


Kind regards,




Michael Behrendt            Peter Ganz      Ulrich Kranich       Jesper Praestensgaard


Welcome to our website:
http://www.sw-freight.com/en/

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  • 1. Executive Board Hamburg, 18 December 2012 Ref.: Ocean Freight Dear customers, Hapag-Lloyd and Hamburg S端d are investigating if, and under what conditions, a merger of both companies would be of interest. Hapag-Lloyd and Hamburg S端d have a long history of cooperation, and are currently partners in a number of services. At this stage there is no certainty that the discussions will ultimately lead to a transaction. We will of course inform you about a result of the process. We would like to assure you that in this phase and in the future our employees will continue to provide you with top-quality services, which we know you have always appreciated. Kind regards, Michael Behrendt Peter Ganz Ulrich Kranich Jesper Praestensgaard Welcome to our website: http://www.sw-freight.com/en/