NOL Bids for Hapag-Lloyd

September 29, 2008

Neptune Orient Lines Limited (NOL) confirmed it has submitted a binding bid to acquire the Hapag-Lloyd container shipping business. NOL submitted its bid to acquire Hapag-Lloyd to the company’s owner TUI AG on 26 September 2008. Any agreement would be subject to the acceptance of the bid by TUI, regulatory approvals and shareholders’ approval.