TiL Notarc MSC Panama

KEY EVENTS & HIGHLIGHTS | AS OF AUGUST 2022

TIL.NOTARC.MSC PORT DEVELOPMENT

PANAMA COLON CONTAINER PORT

“Creative Commons Agua Clara_2019 12 30_3034” by Harvey Barrison is licensed under CC BY 2.0

PANAMA COLON CONTAINER PORT PCCP

PCCP, an integrated project that combines a Port Terminal, Free Zone and a Logistics Park

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ABOUT US

About Terminal Investment Limited Terminal Investment Limited (TiL) invests in, develops and manages container terminals around the world. It was founded in 2000, and since then, it has grown to become one of the largest and most geographically diverse container terminal operators globally, with a portfolio that includes interests in some 60 container terminals across five continents. TiL always seeks to be the safest, most productive and most environmentally responsible, while placing people at the core of everything it does and conducting its business with unassailable integrity.

TiL's terminals have been selected for their important and strategic locations around the world, including major origin and destination and transshipment trade hubs and gateways in Europe, Asia, North America, South America and West Africa.

For more information, visit www.tilgroup.com.

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P O R T

INVESTMENT

About Notarc Management Group

About MSC

Notarc Management Group comprises leading investment and asset management professionals in UK, Europe, Panama, Asia, The Bahamas, and The United States. As an advisory and private equity firm, Notarc Management Group focuses exclusively on asset class opportunity investments in real estate, hospitality, logistics, technology and infrastructure in the Americas; while maintaining its core focus on stabilized and key strategic markets within Latin America and The Caribbean.

Notarc provides expert local knowledge and asset management oversight while aligning with sovereign funds, institutional and private equity firms and global family offices to invest capital via its various opportunity fund SPV's including the Panama Development Fund.

Mediterranean Shipping Company (MSC) is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. The company has evolved from a one-vessel operation into a globally respected business with a 700-vessel fleet and over 110,000 staff providing timely delivery of goods and services to customers of all industries and sizes. Present in 155 countries through 600 offices, MSC calls at 500 ports on 250+ trade routes, carrying some 23 million TEU (twenty-foot equivalent units) annually. MSC’s activities now include overland transportation, logistics and a growing portfolio of port terminal investments.

For more information, visit www.notarc.com.

For more information, visit www.msc.com.

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NOTARC AND TERMINAL INVESTMENT MOU SIGNING NEW YORK, USA

P O R T

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INVESTMENT

Following business meetings and during a dinner reception held in New York City, Executives of Notarc Management Group and Terminal Investment Limited signed an MOU and Partnership Agreement. In a show of support, officials from the Government of Panama including the Minister of Investments and Director of Panama Canal Authority join to commemorate the occasion and welcome the significant investment and undertakings to complete the PCCP project at the Panama Canal in Colon.

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Notarc Port Investment LLC and TIL/MSC JV Signing with representatives from left to right: Mr. Leslie Bethel – CEO Notarc Management Group, Mr. Romain Simon – CIO TIL/MSC, Mr. Dion Bowe – CEO– Notarc Port Investment LLC. Signing attendees from left to right: Mr. Jose A. Rojas, – Minister of Private Investments, Mr. Noriel Arauz – AMP Administrator and Minister of Maritime Affairs, Mr. Ramon E. Martinez – Minister of Commerce and Industries, Mr. Juan F. Pitty – General Counsel Notarc Port Investment LLC.

NOTARC AND TERMINAL INVESTMENT A SUBSIDIARY OF MEDITERRANEAN SHIPPING COMPANY SIGN JOINT VENTURE AGREEMENT IN PANAMA DURING BLOOMBERG NEW ECONOMY FORUM During the recent Bloomberg New Economy Forum the Chief Investment Officer, Mr. Romain Simon of Terminal Investment Limited and Notarc Port Investments led by Mr. Dion Bowe, CEO and Mr. Leslie Bethel, CEO and President of Notarc Management Group formally announce their joint venture partnership for the acquistion and development of the Panama Canal Container Port at Colon. The signing and announcement was a major feature on the sidelines of the Bloomberg New Economy conference which hosted a variety of global business leaders and featured significant initiatives in LatAm in the areas of trade, commerce, technology, finance and infrastructure.

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H.E. HON. LAURENTINO CORTIZO COHEN, PRESIDENT OF THE REPUBLIC OF PANAMA The President of Panama, H.E. Hon. Laurentino Cortizo, welcomed the Executives of Terminal Investments Limited and Notarc Port Investments to express his gratitude for the investment initiated now under development in Panama. The President also re-emphasized the support of his administration in removing any obstructions and bureaucracy and finding common solutions to any problems that may arise in Panama’s ports and maritime industry as it was important to the future development of the country. Shown in the photo with President Cortizo are Mr. Ammar Kanaan, CEO of Til and Mr. Dion Bowe, CEO of Notarc Port Investments.

Jose A. Rojas, Minister of Private Investments; Marwan Kheireddine; Ammar Kanaan, CEO of TiL; H.E. Laurentino Cortizo Cohen, President of the Republic of Panama; Dion Bowe, CEO of Notarc Port Investment; Federico Alfaro Boyd, Minister of Commerce and Industries; Noriel Arauz, Minister of Panama Maritime Authority; Juan Carlos Sosa, Deputy Minister of Foreign Trade

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Ammar Kanaan, CEO of TiL; Ricaurte Vasquez, Administrator of the Panama Canal Authority; Dion Bowe, CEO of Notarc Port Investment; Juan F. Pitty, Legal Advisor of Notarc Port Investment

COURTESY CALL PANAMA CANAL AUTHORITY Executives of Notarc Port Investments and Terminal Investments (TiL) a subsidiary of Mediterranean Shipping Company made a courtesy call on the Administrator of the Panama Canal Authority, Ricaurte Vasquez.

The informal discussions led by thethe CEO of Notarc Port Investments, Mr. Dion Bowe together with Mr. Ammar Kanaan, CEO of TiL. The discussions held at the Panama Canal Administors Residence centered on strengthening cooperation in the key development areas of maritime shipping and logistics.

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Deepak Bhatnagar, Financial Advisor de Notarc Port Investment; Ammar Kanaan, CEO of TiL, Noriel Arauz, Minister of the Maritime Authority of Panama; Dion Bowe, CEO of Notarc Port Investment; Juan F. Pitty, Legal Advisor of Notarc Port Investment

PANAMA MARITIME AUTHORITY Minister of the Maritime Authority of Panama, Hon. Noriel Arauz met with Mr. Ammar Canaan, CEO Terminal Investments Limited and Mr. Dion Bowe, CEO Notarc Port Investments with the purpose of strengthening cooperation and defining strategies to optimize services for the use of ports within the country. “The AMP has an open-door policy which serves to promote communication and cooperation in the key maritime sector,” said Hon. Noriel Arauz, the Panama Maritime Authority’s Minister.

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Juan F. Pitty, Legal Advisor of Notarc Port Investment; Ammar Kanaan, CEO of TiL; Crispiano Adames Navarro, President of the National Assembly of Panama; Dion Bowe, CEO of Notarc Port Investment

NATIONAL ASSEMBLY OF REPUBLIC OF PANAMA

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President of the National Assembly of Panama Crispiano Hon. Adames Navarro met with Mr. Ammar Kanaan, CEO of Terminal Investments Limited (TiL) and Mr. Dion Bowe CEO of Notarc Port Investments. The parties exchanged views on administrative laws and regulationsparliamentary cooperation, and regional matters in maritime logistics.

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“Our understanding of the laws and regulations that govern our investments help to support our longterm vision and how we might develop and expand our business under the framework of our current concession. It is also paramount that we have the support of the legislative body in these undertakings, our meetings werevery positive and we are grateful to the legislature for,their ongoing support. Together with our partners Notarc, we look forward to advancing with this investment’’ noted Ammar Kanaan, CEO, Terminal Investments Limited.

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MINISTERIO DE LA PRESIDENCIA

Ammar Kanaan, CEO of TiL; Cesar Marenco, General Manager of MSC in Panama; Juan F. Pitty, Legal Advisor of Notarc Port Investment; Jose A. Rojas, Minister of Private Investment in Panama; Deepak Bhatnagar, Financial Advisor de Notarc Port Investment

MINISTRY OF PRIVATE INVESTMENTS Minister of Private Investment of Panama, Hon. Jose A. Rojas met with Mr. Ammar Kanaan, CEO of Terminal Investments Limited, Mr. Dion Bowe, CEO of Notarc Port Investments along with Mr. Cesar Marenco, General Manager of Mediterranean Shipping Company (MSC) in Panama, to reassure Panama’s focus of encouraging private investment to support not only sustained economic growth but to generate new jobs and employment opportunities by establishing the necessary framework and to continually improve conditions and to facilitate increases in current and future investments in Panama.

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PCCP PROJECT VISIT

Executives of Notarc Port Investments and Terminal Investments Limited (TiL) and Mediterranean Shipping Company (MSC) visit the project development and container shipping site to assess current conditions and imminent mobilization of engineering and development works to complete the estimated $1 Billion PCCP project. Mr. Dion Bowe, CEO, Notarc Port Investments describes the unique attributes of the location and the current infrastructure; pictured is Mr. Leslie Bethel, CEO and President of Notarc Management Group, Mr. Romain Simon, Chief Investment Officer of TiL, Mr. Cesar Marenco, General Manager of MSC Panama and TiL Legal Counsel Mrs. Natalia Villal Bagonzales.

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JAZZ NIGHT

Dion Bowe, CEO of Notarc Port Investment; Ammar Kanaan, CEO of TiL

Dion Bowe, CEO of Notarc Port Investment; Ammar Kanaan, CEO of TiL; Stewart Tuttle, Chargé d’affaires, a.i. at U.S. Embassy Panama; Facundo Bacardi, Honorary Consul Commonwealth of The Bahamas; Timothy Cannon, Senior Commercial Officer Department of Commerce USA

JAZZ NIGHT IN PANAMA In Panama City, at the Jazz Club of the American Trade Hotel, Mr. Ammar Kanaan, Mr. Dion Bowe, Panama Cabinet and Government Officials , along with business executives and VIP guests, gathered for a private dinner reception and a night of jazz to network and discuss the PANAMA COLON CONTAINER PORT (PCCP) project and the company’s plans to improve trade and logistics between the key US markets, Panama and Latin America.

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Timothy Cannon, Senior Commercial Officer Department of Commerce USA; Marwan Kheireddine, Chairman Lebanon AM Bank; Ammar Kanaan, CEO of TiL; Dion Bowe, CEO of Notarc Port Investment

Timothy Cannon, Senior Commercial Officer Department of Commerce USA; Facundo Bacardi, Honorary Consul Commonwealth of The Bahamas; Dion Bowe, CEO of Notarc Port Investment

Timothy Cannon, Senior Commercial Officer Department of Commerce USA; Jose A. Rojas, Minister of Private Investments in Panama; Facundo Bacardi, Honorary Consul Commonwealth of The Bahamas; Dion Bowe, CEO of Notarc Port Investment

Federico Alfaro Boyd, Minister of Commerce and Industries, President of the Board of Director of Tocumen International Airport (AITSA)

Dion Bowe, CEO of Notarc Port Investment; Ammar Kanaan, CEO of TiL; Facundo Bacardi, Honorary Consul Commonwealth of The Bahamas; Timothy Cannon, Senior Commercial Officer Department of Commerce USA

Denise Guillén Zúñiga, Deputy Administrator of the Panama Tourism Authority

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Mahesh Khemlani, Regional Representative of Santander Bank and Former Vice Minister of Finance; Daniel Ciniglio, Managing Director CAFS; Jose A. Rojas, Minister of Private Investments in Panama

Ammar Kanaan, CEO of TiL; Melissa Quijano; Juan Manuel Henriquez, Special Advisor of the President; Marwan Kheireddine, Chairman Lebanon AM Bank

Dion Bowe, CEO of Notarc Port Investment; Denise Guillén Zúñiga, Deputy Administrator of the Panama Tourism Authority

Ammar Kanaan, CEO of TiL; Stewart Tuttle, Chargé d’affaires, a.i. at U.S. Embassy Panama; Dion Bowe, CEO of Notarc Port Investment

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Ammar Kanaan, CEO of TiL; Dion Bowe, CEO of Notarc Port Investment

Dion Bowe, CEO of Notarc Port Investment; Juan Carlos Sosa, Vice Minister of Foreign Trade

Dion Bowe, CEO of Notarc Port Investment; Stewart Tuttle, Chargé d’affaires, a.i. at U.S. Embassy Panama

Fernando Solorzano, Chief Legal Advisor of Maritime Authority and former Director of Merchant Navy; Stewart Tuttle, Chargé d’affaires, a.i. at U.S. Embassy Panama; Juan F. Pitty, Legal Advisor of Notarc Port Investment; Timothy Cannon, Senior Commercial Officer Department of Commerce USA

Stewart Tuttle, Chargé d’affaires, a.i. at U.S. Embassy Panama; Dion Bowe, CEO of Notarc Port Investment; Ammar Kanaan, CEO of TiL;Timothy Cannon, Senior Commercial Officer Department of Commerce USA

Timothy Cannon, Senior Commercial Officer Department of Commerce USA; Facundo Bacardi, Honorary Consul Commonwealth of The Bahamas; Fernando Solorzano, Chief Legal Advisor of Maritime Authority and former Director of Merchant Navy; Juan F. Pitty, Legal Advisor of Notarc Port Investment

Juan Manuel Henriquez, Special Advisor of the President; Javier Carrizo E., Chairman of Panama National Bank; Dion Bowe, CEO of Notarc Port Investment

Morris Max Harari, representative of Harari Group/Credicorp Bank; Dion Bowe, CEO of Notarc Port Investment; Ammar Kanaan, CEO of TiL

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Louis Ernest Sola, Commissioner of the Federal Maritime Commission USA; Melissa Quijano

Javier Carrizo E., Chairman of Panama National Bank; Ammar Kanaan, CEO of TiL; Juan Manuel Henriquez, Special Advisor of the President

Morris Max Harari, representative of Harari Group/Credicorp Bank; Marwan Kheireddine, Chairman Lebanon AM Bank; David Antebi

Ammar Kanaan, CEO of TiL

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Jose A. Rojas, Minister of Private Investments in Panama; Rafael Sabonge; Minister of Public Works; Facundo Bacardi, Honorary Consul Commonwealth of The Bahamas

Ammar Kanaan, CEO of TiL; Louis Ernest Sola, Commissioner of the Federal Maritime Commission USA; Denise Guillén Zúñiga, Deputy Administrator of the Panama Tourism Authority

Dion Bowe, CEO of Notarc Port Investment; Marwan Kheireddine, Chairman Lebanon AM Bank; Rafael Sabonge; Minister of Public Works

Dion Bowe, CEO of Notarc Port Investment; Mahesh Khemlani, Regional Representative of Santander Bank and Former Vice Minister of Finance

Timothy Cannon, Senior Commercial Officer Department of Commerce USA; Dion Bowe, CEO of Notarc Port Investment; Louis Ernest Sola, Commissioner of the Federal Maritime Commission USA

Dion Bowe, CEO of Notarc Port Investment; Rafael Sabonge; Minister of Public Works; Javier Carrizo E, General Manager of Panama National Bank

Louis Ernest Sola, Commissioner of the Federal Maritime Commission USA; Ammar Kanaan, CEO of TiL;

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