At its meeting held on 12 March 2004, the Supervisory Board of Scandlines AG appointed Uwe Bakosch (45) as the new Chief Financial Officer of the shipping line group.
Uwe Bakosch will take up his new position as CFO of Scandlines AG in the coming months.
Uwe Bakosch is presently Marketing & Sales Director at UECC (AS), Norway.

Further information can be obtained from the Chairman of the Supervisory Board:
Dr. Jürgen Heyer, Tel: +49-(0)172 - 396 1701
or the Vice-Chairman of the Supervisory Board:
Leif Juul Jørgensen, Tel: +45 20 30 50 38.

Rostock, 15 March February 2004