GLOBAL PORTS HOLDING PLC

M&A Activity • May 24, 2019

National Storage Mechanism | Additional information

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RNS Number : 0602A

Global Ports Holding PLC

24 May 2019

Global Ports Holding Plc

Successful bid for La Goulette cruise port, Tunisia

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that it has been notified by the government of Tunisia that the Group's bid, submitted in a joint venture with MSC Cruises S.A. ("MSC"), to acquire Goulette Shipping Cruise, the company that operates the cruise terminal in La Goulette, Tunisia has been successful.

The concession to operate the cruise port was awarded to Goulette Shipping Cruise in 2006 on a 30-year basis, with a right to extend the term for an additional 20 years. While passenger volumes have been low in recent years, in 2010, La Goulette welcomed c900k passenger and between 2011-2014 it welcomed on average 441k cruise passengers per annum.

All parties will now work together to conclude the legal agreement for the acquisition and we will provide an update at our interim results in August 2019.

CONTACT

For investor and analyst enquiries:                                                          For media enquiries:

Global Ports Holding, Investor Relations                                             Brunswick Group LLP

Martin Brown, Investor Relations Director                                                Azadeh Varzi and Imran Jina

Telephone: +44 (0) 7947 163 687                                                          Telephone: +44 (0) 20 7404 5959

Email: martinb@globalportsholding.com                                                   Email: GPH@brunswickgroup.com

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