GLPR.L Regulatory News (GLPR)

For immediate release 29 April 2015

Global Ports Investments PLC

Publication of 2014 Annual Report and Accounts

Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group" or the "Global Ports Group"; LSE ticker: GLPR) today publishes its 2014 Annual Report and Accounts ("the Annual Report for 2014").

The Group's Full Year 2014 Financial Results are included as Appendix of the Annual Report for 2014. The Annual Report for 2014 is available for viewing or downloading in pdf format at:http://www.rns-pdf.londonstockexchange.com/rns/6841L_-2015-4-29.pdf

The Annual Report for 2014 will be also available in hard copy at the registered office of the Company at Omirou 20, Agios Nikolaos, CY-3095 Limassol, Cyprus, and a copy will be submitted to the National Storage Mechanism, available for inspection at http://www.morningstar.co.uk/uk/NSM.

In compliance with DTR 6.3.5, the following information is extracted from the Annual Report for 2014 and should be read in conjunction with the Group's Full Year 2014 Financial Results Announcement issued on 16 March 2015. Together, these constitute the material required by DTR 6.3.5 to be communicated to the media in full-unedited text through a Regulatory Information Service. This material is not a substitute for reading the Annual Report for 2014 and page numbers and cross-references in the extracted information below refer to page numbers and cross-references in the Annual Report for 2014.

Principal risks and uncertainties

The following description of principal risks and uncertainties is extracted from "Risk Management" section of the Annual Report for 2014, pages 45 - 46 of the Annual Report for 2014.

The Group's risk management process is focused on mitigating or, to the extent possible, eliminating potential negative impact on the business caused by changes in the external and internal environment. The Group's risk management activity is based on a series of well-defined risk management principles, derived from experience, best practice and corporate governance principles. The Group has also implemented comprehensive risk control and management systems to prevent or mitigate potential adverse effects of changes in its operating environment. The Group regularly updates and improves its risk management system.

The Board has established a risk management process comprising the necessary organisational rules and procedures for identifying risks at an early stage, and taking proactive steps to manage the risks inherent to any commercial activity. The Board has adopted a Risk Management Policy and a Risk Management Standard providing a consistent framework for risk identification, assessment and management. The Board systematically monitors and conducts assessment of the risks critical to the Group's performance and strategic delivery. After identifying and assessing a risk, the Company defines control measures aimed at reducing the likelihood of its occurrence and/or the potential impact.

The Board delegated to the Chief Executive Officer responsibility for the effective and efficient implementation and maintenance of the risk management system and the Audit and Risk Committee of the Board is in charge of the routine oversight of risk management and review of the effectiveness of systems that have been established for this purpose.

The Group's business involves a number of risks, the most notable of which are listed below. The order in which the risks are presented is not intended to be an indication of the probability of their occurrence or the magnitude of their potential effects. Additional risks that are not known to the Group at this time, or that it currently believes are immaterial, could also have a material adverse effect on the Group's business, financial position, results of operations or future prospects and the trading price of the GDRs.

For more detail on some of the risks detailed here, see the Company's prospectus dated 20 December 2013 ("Risk Factors", pages 22-58), available for viewing on the corporate website of Global Ports at http://www.globalports.com/globalports/investors/reporting-transactions/corporate-transactions and Notes to the 2014 Financial statements.

Strategic risks

-- The Group is dependent on trade volumes and, accordingly, on economic growth in Russia. Russian container market throughput has historically demonstrated a very strong correlation with the volume of imports of goods in Russia, which in turn is driven by Russian consumer demand. The Group may be subject to significant container market deterioration as economic growth and consumer demand in Russia deteriorates;

-- The Group may be subject to increasing competition from other container and oil products terminals. The introduction of significant new capacity planned by the Group's existing competitors and new market entrants could result in surplus capacity and subject the Group to intensified price competition and lower utilisation. In a market contraction environment, commercial policies and approaches of the Group's competitors may be irrational, and this may lead to significant price competition. Development of alternative logistics solutions, such as rail delivery of containers from the point of origin to the point of destination, and this could in the future present a competition threat to the Group;

-- The Group's ability to substantially increase throughput volumes depends on the ongoing improvement and development of railway and road infrastructure;

-- The Group's ability to discover, evaluate and select among alternatives to allocate financial and human resources for effective development and execution of strategic plans to achieve the strategic objectives of the Group;

-- Exposure to social and political factors within a market environment that affect the ability to sell products and services;

-- The political instability in Ukraine, heightened levels of tension between Russia and other states, increased military activity on the border between Russia and Ukraine and the imposition by the United States, the European Union and other countries of sanctions, asset freezes, travel limitations and certain other restrictive measures against specified Ukrainian and Russian individuals and legal entities, including a number of Russian banks, and the imposition by Russia of sanctions, including import and travel restrictions, has had in the past, and may continue to have in the future, an adverse effect on the Russian economy and demand for commodities. Such factors also could adversely affect the Group's ability to obtain financing on favourable terms and to deal with certain persons and entities in Russia or in other countries;

-- The Group's current operations and future expansion may depend on the construction of new quays, dredging of existing quays and canals, and maintenance of quay drafts, which are governed by port and other governmental authorities and are outside of the Group's control; and

-- The Group's growth at certain terminals depends on substantial capital investment and it may not have sufficient capital to make, or may be restricted by covenants in financing agreements from making, future capital expenditures and other investments as it deems necessary or desirable.

Operational risks

-- The Group is dependent on a limited number of shipping lines and customers for a significant portion of its business;

-- The Group is subject to a wide variety of regulations, standards and requirements and may face substantial liability if it fails to comply with existing or future regulations applicable to its businesses;

-- The Group leases a significant amount of the land and quays required to operate its terminals from government agencies and any revision or alteration of the terms of these leases or the termination of these leases could adversely affect the Group's business;

-- The Group's oil products business could be affected by changes in Russia's exports of oil products and handling of such exports at its oil products terminal in Estonia, a decline in global demand for oil products or in Russian oil product export volumes or any change in trade relationships with Estonia;

-- Tariffs for certain services at certain of the Group's terminals were regulated in the past by the Russian federal government. The regulation might change and the Group might need to obtain permission of the regulatory authorities to increase the maximum tariff rate;

-- The Group's insurance policies may be insufficient to cover certain losses;

-- The Group's competitive position and prospects depend on the expertise and experience of its key managers and its ability to continue to attract, retain and motivate qualified personnel;

-- Failure of the operational information and technology systems at the Group's terminals could result in disruptions to the services it provides;

-- Accidents involving the handling of hazardous materials and oil products at the Group's terminals could disrupt its business and operations and/or subject the Group to environmental and other liabilities; and

-- The risk of safety incidents is inherent in the Group's businesses.

Compliance and shareholder risks

-- The Group's controlling beneficial shareholders may have interests that conflict with those of the holders of the GDRs;

-- The Group is exposed to risks in connection with its interests in joint venture and strategic partnership businesses;

-- Adverse determination of pending and potential legal actions involving the Company's subsidiaries could have an adverse effect on the Group's business, revenues and cash flows and the price of the GDRs; and

-- The lack of independence of certain members of the judiciary, the difficulty of enforcing court decisions and governmental discretion in instigating, joining and enforcing claims could prevent the Group from obtaining effective redress in court proceedings.

Financial risks

-- The Company is a holding company and its ability to pay dividends or meet costs depends on the receipt of funds from its subsidiaries;

-- The Group is subject to foreign exchange risk arising from various currency exposures primarily with respect to the Euro, the Russian ruble and the US Dollar. Foreign exchange risk is the risk to profits and cash flows of the Group arising from movement of foreign exchange rates due to inability to appropriately plan for and react to fluctuations in foreign exchange rates. Risk arises from revaluation of assets and liabilities (mainly debt) denominated in foreign currency;

-- The Group is subject to interest rate risk due to floating rate liabilities in relation to its leases and long-term borrowings. Increases in interest rates may adversely affect the Group's financial condition;

-- The Group may be subject to credit risk due to its dependence on key customers and suppliers; and

-- The Group's indebtedness or the enforcement of certain provisions of its financing arrangements could affect its business or growth prospects.

General business risks

-- The Group's inability to maintain and monitor labour relations with Labour Unions; and

-- Failure of information systems to adequately protect critical data and infrastructure from theft, corruption and unauthorised usage.

Directors Responsibility Statements

Each of the Directors confirms to the best of his or her knowledge that:

(a) the consolidated and parent company financial statements and report of the Board of Directors (included in the Annual Report for 2014) have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union and the requirements of the Cyprus Companies Law, Cap. 113, and give a true and fair view of the financial position, financial performance and cash flows the Company and the undertakings included in the consolidation taken as a whole; and

(b) the Strategic Report (included in the Annual Report for 2014) includes a fair review of the development and performance of the business and the position of Global Ports Investments PLC and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev

+357 25 313 475

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com

StockWell Communications

Laura Gilbert/ Zoe Watt

+44 20 7240 2486

E-mail: globalports@stockwellgroup.com.

NOTES TO EDITORS

Global Ports

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 Helsinki and Multi-Link Terminals 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. in Estonia[5].

Global Ports' consolidated revenue for 2014 was USD 562.4 million, Adjusted EBITDA of USD 375.9 million. The total marine container throughput was 2,655 thousand TEU in 2014.

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 64 ports and 140 inland services facilities, giving the company a global presence in 67 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.