Divestment of 25% shareholding in Vostochnaya

DP World Limited

Divestment of 25% shareholding in Vostochnaya Stevedoring Company

Dubai, UAE 22 October 2012:- DP World Limited has reached agreement to divest its 25% shareholding in Vostochnaya Stevedoring Company (Russia). The purchaser is the existing 75% majority shareholder Global Ports Investments PLC.

DP World's minority ownership in Vostochnaya Stevedoring Company was a legacy investment with limited management involvement, therefore we have taken the opportunity to realise value by divesting our shareholding to our long-term partner.

The total consideration for our 25% shareholding is $230 million and the transaction is expected to close later this week.

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