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Hapag-Lloyd Executive Board Appointments

Maritime Activity Reports, Inc.

March 5, 2009

Peter Ganz and Roland Kirch are to be appointed to the Hapag-Lloyd executive board.

Peter Ganz is to be appointed by the Hapag-Lloyd supervisory board at its next meeting to the executive board of Hapag-Lloyd AG as chief financial officer. After studying business administration, Ganz began his career in 1994 in the Finance Department of TUI AG. In 2000, he took over the responsibility of TUI’s Group Treasury. In September 2007, he was appointed as Director Corporate Finance. He was significantly involved in the disposal process of Hapag-Lloyd AG to the Hamburg Consortium.

Roland Kirch, Chief Representative (Generalbevollmächtigter) of Hapag-Lloyd AG, is to be appointed at the same supervisory board meeting to the executive board, where he will be responsible for the area Development and Markets.

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