New Regional Operating Structure

Global Ports Holding Plc

Creation of Regional Operating Structure

After significant growth in the number of cruise ports it operates in recent years and with a strong pipeline of new port opportunities, Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, has reorganised its cruise operations under a new Regional structure. Under the new structure, three Regional Directors will be appointed to manage East Mediterranean, West Mediterranean and Americas regions.

Javier Rodriguez, current General Manager of Barcelona cruise port will be appointed Regional Director - West Med, which currently includes Barcelona, Malaga, Lisbon and Singapore ports. Aziz Gungor, current General Manager Ege Port- Kusadasi will become Regional Director - East Med, which currently includes Ege Port, Bodrum, Antalya, Zadar and Bar cruise ports. Stephen Xuereb, Chief Operating Officer will for now act as Regional Director - Central Med, which currently includes Valletta, Cagliari, Catania and Ravenna ports. Michael Maura Jnr who has recently joined the Group will become Regional Director - Americas.

Our new Regional Directors will report into Stephen Xuereb, Chief Operating Officer.

Emre Sayin, CEO of Global Ports Holding said:

"Our new organisational structure is another step forward in the evolution of the Group. It reflects our growing operations and will help provide a strong platform for our next stage of growth, while maintaining operational discipline across the current portfolio. I would like to take the opportunity to congratulate our Regional Director's for their new roles and to welcome Michael Maura Jnr to the GPH team."