DGAP-Ad-hoc: Marenave Schiffahrts AG / Key word(s): Investment/Miscellaneous Marenave Schiffahrts AG: Receipt of major holdings according to sec. 21 ff. Securities Trading Act 20-Dec-2016 / 20:15 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Marenave Schiffahrts AG (Marenave or Company) today has received a revised notification of major holdings according to sec. 21, 22 Securities Trading Act (Wertpapierhandelsgesetz, WpHG) from Ernst Russ AG, Hamburg, by which the Company was informed that Ernst Russ AG on 16 December holds in total 22.26 % of voting rights (333,960 shares), holding 21.56 % (323,500 shares) directly and 0.70 % (10.460 shares) being attributed via a chain of controlled undertakings. The Management Board explicitly points out that Ernst Russ AG is not the already identified investor mentioned in the context of a restructuring concept outside insolvency in the ad-hoc announcement on 16 December 2016. Moreover, the Company has received two notifications so far not meeting the statutory requirements from Debeka Krankenversicherungsverein a. G. and Debeka Lebensversicherungsverein a. G. (both Koblenz), by which the Company was informed according to sec. 21 WpHG that their respective positions of voting rights in the Company as of 16 December 2016 are now 0 %; their latest notifications of major holdings received by the Company contained respective positions in voting rights of 10 % each. The Management Board --------------------------------------------------------------------------- 20-Dec-2016 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Marenave Schiffahrts AG Caffamacherreihe 7 20355 Hamburg Germany Phone: 040 / 28 41 93 0 Fax: 040 / 28 41 93 297 E-mail: [email protected] Internet: www.marenave.com ISIN: DE000A0H1GY2 WKN: A0H1GY Listed: Regulated Market in Hamburg; Regulated Unofficial Market in Berlin, Munich; Open Market in Frankfurt End of Announcement DGAP News Service --------------------------------------------------------------------------- 532101 20-Dec-2016 CET/CEST