From: Sultan Bin Sulayem

From: Sultan Bin Sulayem To: Jeffrey <[email protected]> Subject: Media Release: DP World Partners with CDPQ to Create US$ 3.7 Billion Investment Platform Date: Sat, 03 Dec 2016 01:14:01 +0000 Attachments: image001.png; image001(1).png; image005.png; image006jpg; image007.jpg; image008.png; image009jpg; image010jpg; image° 1 ljpg; image012.jpg; image013jpg cid:[email protected] 02 December 2016 Media Release CORPORA I EFTA01059915 R Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World (right) with Michael Sabia, President and CEO, CDPQ at today's signing ceremony. DP World Partners with CDPQ to Create US$ 3.7 Billion Investment Platform Investment platform to invest in global port and terminal businesses globally (outside the United Arab Emirates — UAE) Platform initially includes two Canadian container terminals in Vancouver and Prince Rupert Dubai, UAE, and Montreal, Canada, December 2, 2016: DP World announces the creation of an investment vehicle in partnership with Caisse de depot et placement du Quebec (CDPQ), one of North America's largest pension fund managers. The investment platform totals US$ 3.7 billion, with DP World holding a 55% share and CDPQ the remaining 45%. The platform will invest in ports and terminals globally (excluding the UAE) across the life cycle of the asset, with a focus on investment grade countries. It will also invest mostly in existing assets, but with up to 25% invested in greenfield opportunities. Through this platform, DP World will share new investment opportunities and CDPQ will have the option of co-investing alongside DP World. The investment vehicle will be seeded with two of DP World's Canadian container terminals, located on the Pacific Coast in Vancouver and Prince Rupert, with CDPQ acquiring a 45% stake of the combined assets for US$ 640 million. EFTA01059916 Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: "As a global trade enabler, DP World is proud to announce the partnership with CDPQ to invest in growth opportunities in port and terminal businesses around the world. In CDPQ we have found a partner with shared vision who is willing to participate in the risk and reward of investing throughout the life cycle of trade-enabling assets across the globe. The partial monetization of our Canadian assets further strengthens our balance sheet. The opportunity landscape in the port and terminal sector remains significant and this partnership offers us greater flexibility to capitalise on these opportunities while maintaining a strong balance sheet and retaining control. By combining our in-depth knowledge of container handling and CDPQ's expertise in infrastructure investing and long-term horizon, we can continue to develop the port and terminal sector globally." Michael Sabia, President and CEO, CDPQ, added: "Through this new investment platform with DP World, a world-dass port and terminal operator, CDPQ will have unique access to high-quality transactions, and the opportunity to invest in the best port infrastructure worldwide. As a first step, we are pleased to announce two key investments in British Columbia. We look forward to leveraging our in-house infrastructure expertise and DP World's strong track record in the port sector to deliver attractive long-term returns for our clients." Canaccord Genuity, Dubai, acted as financial advisor to DP World and BMO Capital Markets acted as financial advisor to CDPQ. CDPQ's investment in the two Canadian terminals is subject to a number of customary regulatory approvals. -ENDS- For media enquiries please contact: Sana Maadad Manager Corporate Communications T..÷971 50 552 2610 Mike Vertigans Senior Manager Corporate Communications T..÷971 56 676 9324 Contact Us : +971 4 8811110 I 00000 Cc) Copyright - DP World 2016 EFTA01059917 ***************** ***************************DiscudmER****************************** This email and any files transmitted with it are confidential and contain privileged or copyright information. If you are not the intended recipient you must not copy, distribute or use this email or the information contained in it for any purpose other than to notify us of the receipt thereof. If you have received this message in error, please notify the sender immediately, and delete this email from your system. Please note that e-mails are susceptible to change. The sender shall not be liable for the improper or incomplete transmission of the information contained in this communication, nor for any delay in its receipt or damage to your system. The sender does not guarantee that this material is free from viruses or any other defects although due care has been taken to minimize the risk. *********** DISCLAIMER******************************** This email and any files transmitted with it are confidential and contain privileged or copyright information. If you are not the intended recipient you must not copy, distribute or use this email or the information contained in it for any purpose other than to notify us of the receipt thereof. If you have received this message in error, please notify the sender immediately, and delete this email from your system. Please note that e-mails are susceptible to change. The sender shall not be liable for the improper or incomplete transmission of the information contained in this communication, nor for any delay in its receipt or damage to your system. The sender does not guarantee that this material is free from viruses or any other defects although due care has been taken to minimize the risk. NOTE: This e-mail message is subject to the Dubai World Group disclaimer sw http://www.dubaiworld.aeremail disclaimer EFTA01059918