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Global Ports Investments plc

11/14/2019 | Press release | Distributed by Public on 11/14/2019 01:14

EGM announcement

14 Nov 2019

EGM announcement

Global Ports Investments PLC ('Global Ports' or the 'Company' and, together with its wholly owned subsidiaries and joint ventures, the 'Group') (LSE ticker: GLPR) today announces that given that the Extraordinary General Meeting of the Members of the Company will be held at BG WAYWIN PLAZA, Office 302, 62 Agiou Athanasiou Avenue, 4102, Limassol, Cyprus on 16 December 2019 at 10-00am (Cyprus time), to consider and, if thought fit, pass the resolution 1, being the item of ordinary business as follows:

1. To elect Mr. Ivan Besedin as a Director of the Company until the next annual general meeting of the Members of the Company to be held in 2020, with no remuneration.

Further information on the proposed Director

Ivan Besedin has extensive experience in the Russian railway industry where he worked for more than 35 years. He held a number of high level managerial positions at the Russian Railways and within the Ministry of the Railway Transport and was Head of the Moscow Metro between 2011 and 2014. Today Mr. Besedin holds the position of adviser to the President of Delo Group, a role that he has fulfilled since April 2019.

Mr. Besedin has served on several Boards, most notably having been Chairman of the Board of Directors of PJSC Transcontainer and Chairman of the road freight operator OJSC Railtransavto.

He is a graduate of Moscow Institute of Engineers of Railway Transport and holds a PhD in Technical Science. Adding to his distinguished academic career, he was Head of the All-Russia Research Institute of Railway Transport of the Ministry of Railways between 2003 and 2006.

He has received multiple awards for his contribution to the railways industry of the USSR and the Russian Federation.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+357 25 313 475

+7 916 991 73 96

Email: [email protected]

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: [email protected]

Teneo

Zoë Watt / Douglas Campbell

+44 20 7260 2700

E-mail: [email protected]

NOTES TO EDITORS

Global Ports Investments PLC is the leading operator of container terminals in the Russian market by capacity and container throughput1.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal2 and Moby Dik3 in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland4 (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park5 located in the vicinity of St. Petersburg.

Global Ports' revenue for the first half of 2019 was USD 181.2 million and Adjusted EBITDA was USD 116.0 million. Consolidated Marine Container Throughput was 714 thousand TEU in the first half of 2019.

Global Ports' major shareholders are Delo Group, one of the largest private transportation and logistics holding companies in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 74 ports and 117 inland services facilities, giving the company a global presence in 58 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see: www.globalports.com

LEGAL DISCLAIMER

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could,' 'may' or 'might' or the negative of such terms or other similar expressions. Any forward-looking statement is based on information available to Global Ports as of the date of the statement and, other than in accordance with its legal or regulatory obligations, Global Ports does not intend or undertake to update or revise these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements involve known and unknown risks and Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially from what is expressed or implied by these statements. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations. All written or oral forward-looking statements attributable to Global Ports are qualified by this caution.

(1) Company estimates based on 1H2019 throughput and the information published by the Association of Sea Commercial Ports ('ASOP').

(2) In which Eurogate currently has a 20% effective ownership interest.

(3) In which Container Finance currently has a 25% effective ownership interest.

(4) In each of which Container Finance currently has a 25% effective ownership interest.

(5) In which Container Finance currently has a 25% effective ownership interest.

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