Global Ports Investments PLC announces that Morten Engelstoft, Chairman of the Board of Directors and Non-Executive Director has informed the Board of his decision to step down from the Board effective 29 of May 2020 to concentrate on his role as CEO of APM Terminals as well as his role as member of the Executive Board of A.P. Moller Maersk. Mr. Engelstoft will also step down from the position of Chairman of the Board of Directors as of 24 of April 2020. The Board has appointed Mr. Soren Sjostrand Jakobsen as Chairman effective immediately. The company proposed to the Extraordinary General Meeting to be held on 29 May 2020, to approve the resignation of Mr. Morten Engelstoft from the Board of Directors of the company as of 29 May 2020 and to elect Mr. Kristian Bai Hollund as a director of the Company until the next annual general meeting of the Members of the Company to be held in 2021, with no remuneration. At the same meeting, the Board also made the following decisions regarding the committees within the Board of Directors: Ms. Britta Dalunde, Ms. Inna Kuznetsova, Mr. Lambros Papadopoulos, Mr. Mogens Petersen and Mr. Andrei Yashchenko are hereby elected as the members of the Audit and Risk Committee as of 24 April 2020, responsible for the duties delegated to them in the Terms of Reference of the Board of Directors and the Audit and Risk Committee subject to their consent and confirmation. Mrs. Britta Dalunde is hereby elected as the Chairwoman of the Audit and Risk Committee as of 24 April 2020, responsible for the duties delegated to her in the Terms of Reference of the Board of Directors and the Audit and Risk Committee subject to her consent and confirmation. Alexandra Fomenko, Ms. Inna Kuznetsova and Mr. Soren Jakobsen are hereby elected as the members of the Nomination and Remuneration Committee as of 24 April 2020, responsible for the duties delegated to them in the Terms of Reference of the Board of Directors and the Nomination and Remuneration Committee subject to their consent and confirmation. Mrs. Inna Kuznetsova is hereby elected as the Chairwoman of the Nomination and Remuneration Committee as of 24 April 2020, responsible for the duties delegated to her in the Terms of Reference of the Board of Directors and the Nomination and Remuneration Committee subject to her consent and confirmation. Soren Sjostrand Jakobsen, Mr. Lambros Papadopoulos, Mr. Mogens Petersen, Mr. Sergey Shishkarev and Mr. Andrei Yashchenko are hereby elected as the members of the Strategy Committee as of 24 April 2020, responsible for the duties delegated to them in the Terms of Reference of the Board of Directors and the Strategy Committee subject to their consent and confirmation. Sergey Shishkarev is hereby elected as the Chairman of the Strategy Committee as of 24 April 2020, responsible for the duties delegated to him in the Terms of Reference of the Board of Directors and the Strategy Committee subject to his consent and confirmation. Mr. Hollund is an experienced finance leader and CFO with 15 years’ global experience in a highly international environment. He was appointed as Operations CFO of APM Terminals in December 2018.