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3/2/2015 TheBiggestInvestorsinthePortInfrastructureSector|

http://www.portinvestor.com/portequitiesandinvestors/ 1/14

TheBiggestInvestorsinthePortInfrastructureSector

Whetherportequities(stocks),portinvestorsorindirectinvestorswithholdingsinmajorportinfrastructurethispageseekstogiveyouanoverviewofallthemaininvestors.Thepageismeanttogiveaneasyoverviewofallprivatelyheldcompaniesandmajorlistedequitiesthataresignificantlyimpactedbytheportmarkets.

PortInvestorestimatesthetotalmarketcapofequitieswithinvestmentsinportmarketstoexceedonetrillionUSDandbelowlistthereforeisalsoonlyareferencelistofthecurrentlyknownmainequities.

Foreasycomparisonandreferencewehavestructuredthispageinthefollowingmainsections.

TheBiggestInvestorsGloballyIntheportinfrastructuresector(bothprivateandlisted)PrimaryPortEquitiesListedequities(orstocks)thatholdamajorityoftheirassetsintheportmarketsSecondaryPortEquitiesListedequities(orstocks)thatholdasmallerbutsignificantpartoftheirassetsintheportmarketsStockExchangesReferencelistandlinksInvestorLinksDirectlinkstotheequitiesorinvestorsinquestion

Atthesametimewewouldliketoprovideyouwithafewbutkeyperformanceindicatorsforequityallowingforeasybenchmarking.

Wehopethissectionprovesusefulforyourbusinessandwelcomeanycommentsyoumayhaveforimprovementsatinfo@portinvestor.com.

TheBiggestInvestorsinthePortInfrastructureSector

Thislistprovidesanoverviewofallthemaininvestorsofthesectorandnotesonownership(listedorprivatelyheld).Notethatsomecompanieswillbothbementionedwiththeirportdivision(orcompany)andamothercompanyorlargeshareholderssuchasHutchisonPortHoldingsandHutchisonWhampoa.

CompanyName Ownership

A.P.MollerMaerskGroup Listed,haveownershipinAPMTerminals

ACSActividadesdeConstruccionyServiciosSA

Listed,haveownershipinDragados

APLTerminals Notdirectly(seeNeptuneOrientLines)

APMTerminals Notdirectly(seeA.P.MollerMaerskGroup)

AscianoGroup Listed,haveownershipinPatrickPorts

AssociatedBritishPorts Private,ownedbyconsortiaofinvestorsincludingBorealis,GIC,GoldmanInfra.PartnersandInfracapitalPartners



BeihaiPortCo. Listed

BolloreGroup Listed

BrookfieldInfrastructurePartnersL.P.

Listed,haveownershipinPDPorts

Carrix Private,haveownershipinSSAMarine

ChinaMerchantsHoldings Listed

ChinaShippingContainerLines Listed

ChongqingGangjiuCo. Listed

Citigroup Listed,throughCitiInfrastructurePartnersL.P.haveownershipinvariouscompanies

CMACGM Private,haveownershipinTerminalLink

ContainerCorp.ofIndia Listed

ContshipItalia Private

CopenhagenMalmoPort Private

COSCOPacific Listed

DalianPort(PDA)Co. Listed

DPWorld Listed

Dragados Notdirectly(seeACSActividadesdeCon.)

Eurogate Private

EvergreenMarineCorporation Listed

ForthPortsplc Listed

GCTGlobalContainerTerminals

Private(seeOntarioTeachersPensionPlan)

GeorgiaPortsAuthority Private

GrupTCB Private

GuangzhouPortGroup Private



GujaratPipavavPort Listed

Gulftainer Private

HamburgerHafenundLogistik Listed

HanjinPacific Notdirectly(seeHanjinShippingandMacquarieGroup)

HanjinShipping Listed,haveownershipinHanjinPacific

HighstarCapital Private,haveownershipinPortsAmerica

HutchisonPortHoldings Notdirectly(seeHutchisonWhampoaandPSAInterntional)

HutchisonWhampoa Listed,haveownershipinHutchisonPortHoldings

HyundaiMerchantMarineCoLtd

Listed

InternationalContainerTermerminalServices(ICTSI)

Listed

JiangsuLianyungangPort Listed

JinzhouPort Listed

KawasakiKisenKaisha(KLine) Listed

Kuwait&GulfLinkTransportCo(KGL)

Private

LytteltonPortCo. Listed

MacquarieGroup Listed,haveownershipina.o.HanjinPacific

MaytasInfra Listed

MediterraneanShippingCompany(MSC)

Private

MitsuiOSKLinesLtd(MOL) Listed

MMCCorporationBerhad Listed

ModernTerminals NotDirectly(seeWharfHoldingsandChinaMerchantHoldings)

MundraPortandSpecialEconomicZoneLtd

Listed



NanjingPortCo. Listed

NeptuneOrentLines(NOL) Listed,haveownershipinAPLTerminals

NingboPortCo. Listed

NipponYusenKabushiki(NYK) Listed

NorthlandPortCorp. Listed

NovorossiyskCommercialSeaportPJSC

Listed

NWSHoldings Listed

OceanWilsonsHoldings Listed

OntarioTeachersPensionPlan Private,haveownershipinGCTGlobalContainerTerminals

OOCL Private

Patrick(Ports) Notdirectly(seeAscianoGroup)

PDPorts Notdirectly(seeBrookfieldInfrastructurePartnersL.P.)

PermodalanNasionalBerhad Private

PiraeusPortAuthority Listed

PortofTauranga Listed

PortsAmerica Private(seeHighstarCapital)

PSAInternational Private(seeTemasek)

PYICorp. Listed

QingdaoPortGroup Private

RizhaoPortCo. Listed

SaigonNewPortCo. Private

SantosBrazil Listed

ShanghaiInt.PortGroup Listed

ShenzhenChiwanWharfHold. Listed



ShenzhenYantianPortCo. Listed

SICALLogistics Listed

SouthPortNewZealand Listed

SSAMarine Private(seeCarrix)

TangShanPortGroupCo. Listed

TemasekHoldings Private,haveownershipinPSAInternational

TerminalLink Private(seeCMACGM)

ThessalonikiPort.Auth. Listed

TianjinPortCo. Listed

TianjinPortDev.Co. Listed

Vopak,Royal Listed

WanHaiLines Listed

WharfHoldings Listed

XiamenIntl.PortCo. Listed

XiamenPortDev.Co. Listed

YangMingMarine Listed

YingkouPort Listed

PrimaryPortEquities

Itisnotwellknownbutalargernumberofequities,investorsandfundshavethemajorityoftheirassetstiedupintheportmarkets,inthebelowoverviewweseektoprovideyouwithallthebiggestequities(basedonmarketcap)thatholdamajorityoftheirassetsintheportmarkets.

GoodexamplesincludeDPWorld,aclosetoUSD10billionmarketcapcompanylistedontheDubaiNASDAGstockexchange,thatsolelyinvestsandoperatesintheportmarkets.Inthesmallerendofthescaleyoufindindividualportcompanies(oftenportauthorities)thatsitwiththemajorityoftheinfrastructureportassetsfortheirrespectiveports,seeamongstothersSouthPortwithamarketcapoflessthanNZD100million.

Pleasenotethattheequitiesorstocknamesareabbreviated,immediatelybelowthistableyoufindareferencetablewiththefullnamesandstockcodesforeasyreference.



PrimaryListedPortEquities(MktCapinbillions)

Stock Cnc MktCap P/E 52wkL 52wkH PriceRef

Asciano AUD 4.74 N/A 1.44 1.94 1.62

Beihai RMB 1.88 50.4 9.98 17.67 13.26

CMHI HKD 71.05 20.72 21.6 32.85 29.2

CNQG RMB 2.86 66.52 9.61 16.58 12.53

Concor INR 166.72 21.4 1,115 1,500 1,282.65

CosPac HKD 34.17 23.08 8.5 14 12.6

Dalian HKD 10.33 13.32 2.73 3.98 3.53

DPW USD 9.8 29.9 0.3 0.61 0.59

ForthP GBP 0.587 20.28 1,020 1,425 1,284.00

Gujarat INR 24.39 N/A 46 67.65 57.35

HHLA EUR 2.2 34.99 23.44 31.99 30.3

ICTSI PHP 80.14 20.1 19.75 46.8 41.4

Lianyung. RMB 3.47 35.01 5.11 8.19 6.45

Jinzhou1 RMB 0.767 22.65 0.382 0.55 0.491

Jinzhou2 RMB 0.754 223.25 4.31 6.75 4.84

Lyttleton NZD 0.236 26.23 2.25 2.58 2.31

Mundra INR 291.09 45.2 96.26 185.25 145.3

Nanjing RMB 2.19 122.64 7 11 8.89

Ningbo RMB 46.85 21.5 3.43 4.18 3.66

Northland NZD 0.068 21.61 1.6 1.95 1.64

Novo1 USD 2.31 8.4 0.12 0.2 0.12

Novo2 EUR 1.87 N/A 6.1 11.28 7.297

Novo3 USD 2.6 N/A 8.6 15.23 10.25

Novo4 RUB 81.8 9.6 0.24 5.96 4.258

OceanW GBP 0.460 16.14 1,265 1,300 1,300

Piraeus EUR 0.317 N/A 11 17 12.69

Tauranga NZD 0.985 25.91 6.5 7.5 7.35

PYI HKD 1.36 8.24 0.23 0.49 0.3

Rizhao RMB 9.42 24.09 2.29 4.16 4.16

Santos BRL 3.13 58.2 13.59 24.5 23.9

SIPG RMB 86.06 17.4 3.66 6.21 4.1



Chiwan HKD 8.45 12.54 9.8 14 13.1

Yantian RMB 8.17 18.23 5.9 9.29 6.56

SICAL INR 3.33 0 55 110.25 84.15

SouthP NZD 0.072 23.24 2.52 2.85 2.76

Tangsh. RMB 8.59 26.8 7.4 8.74 8.59

ThessalP EUR 0.107 70.4 10.46 15.37 10.6

Tianjin1 RMB 14.92 18.74 7.75 13.73 8.91

Tianjin2 HKD 11.95 71.93 1.52 3.15 1.94

Xiamen1 HKD 4.14 14.41 1.21 1.72 1.52

Xiamen2 RMB 4.16 46.93 6.61 10.95 7.84

Yingkou RMB 6.88 29.62 5.56 9.75 6.27

Notes:52weekrangeupdatedonNovember1 2010,see52wkHforhighand52wkLforlowMarketcapisattheindicatedPriceRef.Sources:www.google.com/finance,www.nasdaqdubai.com,www.bloomberg.com.

Theoutlinedstockcodeforthereferencetablehasathreelettercodeforthestockexchangeonwhichitislisted,toseethefullstockexchangenamepleaserefertothereferencetablesbelow.

Referencelistwithcompany/equitynameandstockcode

Listedcompany Abbrv. Stockcode

AscianoGroup Asciano AUS:AIO

BeihaiPortCo. Beihai SSE:000582

ChinaMerchantsHoldings CMHI HKG:0144

ChongqingGangjiuCo. CNQG SSE:600279

ContainerCorp.ofIndia Concor BOM:531344

COSCOPacific CosPac HKG:0199

DalianPort(PDA)Co. Dalian HKG:2880

DPWorld DPW DIX:DPW

ForthPortsplc ForthP LON:FPT

GujaratPipavavPort Gujarat IND:GPPV

HamburgerHafen HHLA ETF:HHFA

Int.Cont.Term.Serices ICTSI PSX:ICT

JiangsuLianyungangPort Lianyung. SSE:601008

JinzhouPort1 Jinzhou1 SSE:900952

JinzhouPort2 Jinzhou2 SSE:600190

st



LytteltonPortCo. Lyttleton NZE:LPC

MundraPortandSpecialEconomicZoneLtd Mundra IND:MSEZ

NanjingPortCo. Nanjing SZE:002040

NingboPortCo. Ningbo SSE:601018

NorthlandPortCorp. Northland NZE:NTH

NovorossiyskCommercialSeaportPJSC Novo1 RUS:NMTP

Continued Novo2 FSE:46NA

Continued Novo3 LONI:NCSP

Continued Novo4 RUSMICEX:NMTP

OceanWilsonsHoldings OceanW LON:OCN

PiraeusPortAuthority Piraeus GRE:PPA

PortofTauranga Tauranga NZE:POT

PYICorp. PYI HKG:0498

RizhaoPortCo. Rizhao SSE:600017

SantosBrazil Santos SAO:STBP11

ShanghaiInt.PortGroup SIPG SSE:600018

ShenzhenChiwanWharfHold. Chiwan SSE:200022

ShenzhenYantianPortCo. Yantian SZE:000088

SICALLogistics SICAL BOM:520086

SouthPortNewZealand SouthP NZE:SPN

TangShanPortGroupCo. Tangsh. SSE:601000

ThessalonikiPort.Auth. ThessalP GSX:OLTH

TianjinPortCo. Tianjin1 SSE:600717

TianjinPortDev.Co. Tianjin2 HKG:3382

XiamenIntl.PortCo. Xiamen1 HKG:3378

XiamenPortDev.Co. Xiamen2 SZE:000905

YingkouPort Yingkou SSE:600317

SecondaryPortEquities

Alargernumberconglomerates,groupcompaniesandfundsholdsignificantportmarketassets,inthebelowoverviewweseektoprovideyouwithallthebiggestequities(basedonmarketcap).

GoodexamplesincludetheA.P.MollerMaerskGroup,withitsterminaldivisionAPMTerminals,atmarketcapofmorethanDKK200billionthatholdalargepartoftheirassetsintheportmarkets,andMacquarieGroupthatholdsignificantassetsintheportmarketsbutaportionthatrepresentasmallpartoftheirtotal



assetsandmarketcap.

Pleasenotethattheequitiesorstocknamesareabbreviated,immediatelybelowthistableyoufindareferencetablewiththefullnamesandstockcodesforeasyreference.

SecondaryListedPortEquities(MktCapinbillions)

Stock Cnc MktCap P/E 52wkL 52wkH PriceRef

ACS EUR 11.48 14.98 28.59 38.8 36.47

APMrskA DKK 103.19 20.8 33,500 52,640 46,950

APMrskB DKK 105.89 21.3 34,300 54,900 48,180

Bollore EUR 4.13 15.8 109 169 167

Brookfld1 USD 1.38 N/A 14.95 23.34 21.79

Brookfld2 CAD 1.4 246.11 15.94 23.31 22.15

CSCL RMB 47.55 21.71 3.14 5.44 4.07

EMC TWD 76.5 8.92 16.15 26.6 24.85

HutchW1 USD 43.83 146.86 29.66 55.47 51.4

HutchW2 HKD 351.3 23.64 46.25 86.3 82.4

Hyundai KRW 4,944 N/A 23,750 56,500 37,150

KKK JPY 261.14 0 238 408 342

KGL KWD 0.045 18.8 99 420 172

MacqG AUD 12.6 12.82 33.01 53.21 36.46

Maytas INR 11.03 0 140.2 253.4 187.4

MOLUS USD 7.75 N/A 15.56 22.25 19.3

MMC MYR 8.8 27.5 2.2 3.35 2.89

MOLJP JPY 682.8 9.5 455 716 566

NOL1 USD 4.38 0 4.3 7.29 6.78

NOL2 USD 2.35 0 1.1 1.62 1.62

NYK JPY 612.61 10.62 254 397 361

NWS HKD 39.68 9.49 5.59 12.42 12.14

Wharf HKD 150.37 7.37 35.05 59.95 54.6

WanHai TWD 44.79 8.08 14.9 23.55 21.2

YangM TWD 59.71 11.48 10 24.85 23.3

Notes:52weekrangeupdatedonNovember1 2010,see52wkHforhighand52wkLforlowMarketcapisattheindicatedPriceRef.Sources:www.google.com/finance,www.nasdaqomxnordic.com

st



Theoutlinedstockcodeforthereferencetablehasathreelettercodeforthestockexchangeonwhichitislisted,toseethefullstockexchangenamepleaserefertothereferencetablesbelow.

Referencelistwithcompany/equitynameandstockcode

Listedcompany Abbrv. Stockcode

ACSActividadesdeConstruccionyServiciosSA ACS SPA:ACS

A.P.MollerMaerskGroup APMrskA OMX:MAERSKA

A.P.MollerMaerskGroup APMrskB OMX:MAERSKB

Bollore Bollore FRA:BOL

BrookfieldInfrastructurePartnersL.P. Brookfld1 NYSE:BIP

BrookfieldInfrastructurePartnersL.P. Brookfld2 TSX:BIP.UN

ChinaShippingContainerLines CSCL SSE:601866

EvergreenMarineCorporation EMC TWN:2603

HutchisonWhampoa HutchW1 HUWHY

HutchisonWhampoa HutchW2 HKG:0013

HyundaiMerchantMarineCoLtd Hyundai KOR:011200

KawasakiKisenKaisha KKK JAP:9107

Kuwait&GulfLinkTransportCo KGL KUW:KGL

MacquarieGroup MacqG AUS:MQG

MaytasInfra Maytas IND:532907

MitsuiOSKLinesLtd MOLUS USOTC:MSLOY

MMCCorporationBerhad MMC MAL:MMC

Same MOLJP JAP:9104

NeptuneOrentLines NOL1 US:NPTOY

NeptuneOrentLines NOL2 US:NPTOF

NipponYusenKabushiki NYK JAP:9101

NWSHoldings NWS HKG:0659

WharfHoldings Wharf HKG:0004

WanHaiLines WanHai TWN:2615

YangMingMarine YangM TWN:2609

StockMarketsReferencesandlinks

Eachstockmarketislistedwiththeaboveusedthreeletterreferencecodes.



Referencetablewithlinkstothestockmarkets

Code Stockmarket Link

AUS AustraliaSecuritiesExchange www.asx.com.au

BER BerlinStockExchange www.boerseberlin.de

BOM BombayStockExchange www.bseindia.com

DIX NASDAQDubai www.nasdaqdubai.com

FRA EuronextParis www.euronext.com

FSE FrankfurtStockExchange www.deutscheboerse.com

GRE AthensStockExchange www.ase.gr

HKG HongKongStockExchange www.hkex.com.hk

IND NYSEIndia www.nseindia.com

JAP TokyoStockExchange www.tse.or.jp

KOR KoreaExchange www.krx.co.kr

KUW KuwaitStockExchange www.kuwaitse.com

LON LondonStockExchange www.londonstockexchange.com

LONI LondonStockExchange www.londonstockexchange.com

MAL BursaMalaysia www.klse.com.my

NYSE NewYorkStockExchange www.nyse.com

NZE NewZealandExchange www.nzx.com

OMX CopenhagenStockExchange www.nasdaqomxnordic.com

RUS RussianTradingSystemStockExchange

www.rts.ru

RUSMICEX MoscowInterbankExchange(MICEX)

www.micex.com

SAO BM&FBOVESPA www.bmfbovespa.com.br

SPA BolsadeMadrid www.bolsamadrid.es

SSE ShanghaiStockExchange www.sse.com.cn

SZE ShenzhenStockExchange www.szse.cn

TSX TorontoStockExchange www.tmx.com

InvestorLinks

Bothlistedandunlistedandportunitsorsubsidiariesoflistedcompaniesarelistedbelowwithaneasyreferencelinktothecompany.



Referencetablewithlinkstoequitiesandinvestors

CompanyName Link

A.P.MollerMaerskGroup www.maersk.com

ACSActividadesdeConstruccionyServiciosSA www.grupoacs.com

APLTerminals www.apl.com

APMTerminals www.apmterminals.com

AscianoGroup www.asciano.com

AssociatedBritishPorts www.abports.co.uk

BeihaiPortCo. N/A

BolloreGroup www.bollore.com

BrookfieldInfrastructurePartnersL.P. www.brookfieldinfrastructure.com

Carrix www.carrix.com

ChinaMerchantsHoldings www.cmhi.com.hk

ChinaShippingContainerLines www.cscl.com.cn

ChongqingGangjiuCo. www.cqgj.com.cn

Citigroup www.citigroup.com

CMACGM www.cmacgm.com

ContainerCorp.ofIndia www.concorindia.com

ContshipItalia www.contshipitalia.com

CopenhagenMalmoPort www.cmport.com

COSCOPacific www.coscopac.com.hk

DalianPort(PDA)Co. www.dlport.cn

DPWorld www.dpworld.com

Dragados www.grupoacs.com

Eurogate www.eurogate.com.de

EvergreenMarineCorporation www.evergreenmarine.com

ForthPortsplc www.forthports.co.uk

GCTGlobalContainerTerminals www.globalterminals.com

GeorgiaPortsAuthority www.gaports.com

GrupTCB www.gruptcb.com

GuangzhouPortGroup www.gzport.com

GujaratPipavavPort www.pipavav.com

Gulftainer www.gulftainer.com



HamburgerHafenundLogistik www.hhla.de

HanjinPacific www.hanjin.com

HanjinShipping www.hanjin.com

HighstarCapital www.highstarcapital.com

HutchisonPortHoldings www.hph.com

HutchisonWhampoa www.hutchisonwhampoa.com

HyundaiMerchantMarineCoLtd www.hmm.co.kr

InternationalContainerTermerminalServices(ICTSI)

www.ictsi.com

JiangsuLianyungangPort N/A

JinzhouPort www.jinzhouport.com

KawasakiKisenKaisha(KLine) www.kline.co.jp

Kuwait&GulfLinkTransportCo(KGL) www.kgl.com

LytteltonPortCo. www.lpc.co.nz

MacquarieGroup www.macquarie.com.au

MaytasInfra www.maytasinfra.com

MediterraneanShippingCompany(MSC) www.mscgva.ch

MitsuiOSKLinesLtd(MOL) www.mol.co.jp

MMCCorporationBerhad www.mmc.com.my

ModernTerminals www.modernterminals.com

MundraPortandSpecialEconomicZoneLtd www.portofmundra.com

NanjingPortCo. N/A

NeptuneOrentLines(NOL) www.nol.com.sg

NingboPortCo. www.nbport.com.cn

NipponYusenKabushiki(NYK) www.nykline.com

NorthlandPortCorp. www.northlandportcorp.co.nz

NovorossiyskCommercialSeaportPJSC www.nmtp.info

NWSHoldings www.nws.com.hk

OceanWilsonsHoldings www.oceanwilsons.bm

OntarioTeachersPensionPlan www.otpp.com

OOCL www.oocl.com

Patrick(Ports) www.patrick.com.au

PDPorts www.pdports.co.uk



PermodalanNasionalBerhad www.pnb.com.my

PiraeusPortAuthority www.olp.gr

PortofTauranga www.porttauranga.co.nz

PortsAmerica www.portsamerica.com

PSAInternational www.internationalpsa.com

PYICorp. www.pyicorp.com

QingdaoPortGroup www.qdport.com

RizhaoPortCo. N/A

SaigonNewPortCo. www.saigonnewport.com.vn

SantosBrazil www.satosbrazil.com.br

ShanghaiInt.PortGroup www.portshanghai.com.cn

ShenzhenChiwanWharfHold. www.szcwh.com

ShenzhenYantianPortCo. www.yict.com.cn(companyentity)

SICALLogistics www.sical.in

SouthPortNewZealand www.southport.co.nz

SSAMarine www.ssamarine.com

TangShanPortGroupCo. www.jtport.com.cn

TemasekHoldings www.internationalpsa.com

TerminalLink www.cmacgm.com

ThessalonikiPort.Auth. www.thpa.gr

TianjinPortCo. www.tianjinportdev.com

TianjinPortDev.Co. www.tianjinportdev.com

Vopak,Royal www.vopak.com

WanHaiLines www.wanhai.com

WharfHoldings www.wharfholdings.com

XiamenIntl.PortCo. www.xpgco.com.cn

XiamenPortDev.Co. www.xpgco.com.cn

YangMingMarine www.yml.com.tw

YingkouPort N/A

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