GLPR.L Regulatory News (GLPR)

2138007WMNVQAVLMP351

For immediate release 11 May 2018

Global Ports Investments Plc

submits request to challenge conditions imposed by FAS

Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries, the "Group" or the "Global Ports Group"; LSE ticker: GLPR) today announces that Global Ports has submitted a request to the Moscow arbitrage court to challenge the conditions imposed on Global Ports by the Russian Federal Antimonopoly Service ("FAS") including those in respect of restrictions imposed on its tariff setting. The Group believes that these conditions contradict the settlement agreements reached between FAS and the Group's terminals in December 2017 and applicable legislation.

Global Ports will provide further updates on this matter when appropriate.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+357 25 313 475

+7 916 991 7396

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475E-mail: media@globalports.com 

Teneo Blue Rubicon

Zoё Watt / Doug Campbell

+44 20 7240 2486

E-mail: globalports@teneobluerubicon.com

NOTES TO EDITORS

Global Ports Investments PLC

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[5], both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal Vopak E.O.S.[6] in Estonia.

Global Ports' Revenue for 2017 was USD 330.5 million and Adjusted EBITDA was USD 201.6 million*. Consolidated Marine Container Throughput was 1,205 thousand TEU in 2017.

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 76 ports and 117 inland services facilities, giving the company a global presence in 59 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.