Ernst Russ AG: Sale of MV MOVEON

EQS-News: Ernst Russ AG / Key word(s): Disposal
Ernst Russ AG: Sale of MV MOVEON

26.04.2024 / 09:27 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Hamburg, 26 April 2024 - The Hamburg-based Ernst Russ Group sold the
container feeder vessel MOVEON.

MV MOVEON has a slot capacity of 868 TEU, a length of 135 meters and a width
of around 23 meters. The container feeder vessel was built in 2001 by the
Hamburg shipyard J. J. Sietas KG Schiffswerft. The Ernst Russ Group has
operated the vessel together with a joint venture partner since 2016. The
transaction was completed with the handover of the vessel in Piraeus,
Greece. The parties involved have agreed not to disclose the purchase price
or any further details of the transaction.

The three-month report 2024 of Ernst Russ AG will be published on 27 May
2024. The Annual General Meeting 2024 will take place on 30 May 2024 in
Hamburg.

About the Ernst Russ Group: Ernst Russ AG is a publicly traded international
ship owner and maritime investment manager based in Hamburg. Parts of the
company's history date back to 1893. Currently, the corporate group manages
a fleet of 29 vessels, partially operated in collaboration with strategic
partners. The focus is on container vessels ranging from 700 to 4,200 TEU,
complemented by two larger container vessels with approximately 6,600 and
13,400 TEU, respectively, along with a Handysize bulker with 38,000 dwt and
a multi-purpose vessel. Ernst Russ AG is continuously expanding its fleet,
thus ensuring stable and sustainable value growth for shareholders.

Contact:
Ernst Russ AG
Anika Hillmer
Investor Relations
Tel. +49 40 88 88 1 1800
E-Mail: ir@ernst-russ.de


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26.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Ernst Russ AG
                   Elbchaussee 370
                   22609 Hamburg
                   Germany
   Phone:          +49 (0)40 88881-0
   Fax:            +49 (0)40 88881-199
   E-mail:         ir@ernst-russ.de
   Internet:       www.ernst-russ.de
   ISIN:           DE000A161077
   WKN:            A16107
   Listed:         Regulated Unofficial Market in Berlin, Frankfurt
                   (Scale), Hamburg, Tradegate Exchange
   EQS News ID:    1890541

End of News EQS News Service
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1890541 26.04.2024 CET/CEST