GLPR.L Regulatory News (GLPR)

For immediate release 17 March 2017

Global Ports Investments PLC Appoints Mikhail Loganov as CEO

Global Ports Investments PLC ("Global Ports", and together with its subsidiaries and joint ventures, "the Group"), (LSE ticker: GLPR) announces that it has appointed Mikhail Loganov as Chief Executive Officer effective 22 March 2017. Mr Loganov, who has been the Chief Financial Officer of Global Ports since October 2013, replaces Vladislav Baumgertner who has accepted a role outside the port industry and is stepping down.

In addition to his role as CFO, Mr Loganov has served as a member of the Board of Directors since December 2008 and was on both the Audit and Risk and Remuneration Committees from 2008 to 2013. He has worked chiefly in the transportation and logistics industries in Russia and has extensive experience in business administration and corporate finance.

Nikita Mishin, Vice-Chairman of Global Ports said, "Global Ports is fortunate to have a real depth of experience within the group and is delighted to appoint Mikhail to the role of CEO His detailed knowledge of Global Ports after almost a decade with the Company will ensure the business focus remains on delivering a high-quality service to customers while maintaining an efficient business model and creating value for our shareholders.

"On behalf of the Board, we understand the reasons for Vladislav's resignation and wish him well in his future endeavours in business."

Annex to the Announcement: Executive biography

Mr. Mikhail Loganov

Mr. Loganov was appointed as the Chief Financial Officer of Global Ports Management LLC in October 2013. He has served as a member of the Board of Directors of the Company since December 2008 and a member of its Audit and Risk and Remuneration Committees since December 2008 until October 2013. He has extensive experience in corporate finance, risk management and business administration acquired during a career primarily across the transportation and logistics industry in Russia. Mr. Loganov has served as a Managing Director and Executive member of the Board of Directors of Globaltrans Investment PLC since April 2008 until October 2013. In that role, he was responsible for financial and reporting activities of Globaltrans as well as having oversight of capital markets and M&A transactions in addition to other responsibilities. Prior to that he held other senior finance positions within Globaltrans group. Mr. Loganov started his career with American Express (Europe) Ltd in the UK as a financial analyst in 2001. Mr Loganov graduated with honours from the University of Brighton in the UK with a degree in Business Studies with Finance.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Yana Gabdrakhmanova

+357 25 313 475

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com 

Teneo Blue Rubicon

Laura Gilbert / Sabine Pirone

+44 20 7260 2700

E-mail: globalports@teneobluerubicon.com

NOTES TO EDITORS

Global Ports Investments PLC is the leading operator of container terminals in the Russian market.

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 Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal AS Vopak E.O.S.[5] in Estonia.

Global Ports' Revenue for 2016 was USD 331.5 million and Adjusted EBITDA was USD 224.3 million*. Consolidated Marine Container Throughput was 1,128 thousand TEU* in 2016.

Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups 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 73 ports and 140 inland services facilities, giving the company a global presence in 69 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. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. 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.