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Global Infrastructure Management, LLC via its fund Global Infrastructure Partners (‘GIP’, United States of America),

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APG Asset Management N.V. (‘APG’, the Netherlands),

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AS Infra PP Pty Ltd, acting as trustee for the AS Infra PP Trust (‘AS’, Australia),

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Peel Holdings Group Limited (‘PG’, United Kingdom),

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Peel Ports Group Limited (‘the Target’, United Kingdom).

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for GIP: funds investing globally in equity and equity-related investments in infrastructure and infrastructure-related assets in the transportation, energy, water, waste and other public service sectors. One of GIP’s jointly controlled portfolio company, Terminal Investment Limited Sarl (‘TIL’) invests in, develops and manages container terminals in 27 countries around the world, including a container terminal at the port of Liverpool (the L2 Terminal) which it jointly controls with the Target,

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for APG: subsidiary of APG Groep N.V., one of the largest Dutch pension providers, active globally in the management of assets for pension funds in various sectors, including education, government, construction, energy and utility companies,

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for AS: Australia’s largest superannuation (pension) fund and one of the top 25 pension funds globally, investing globally in unlisted assets, namely infrastructure, property, debts and private equity,

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for PG: investment company with interests in a diverse portfolio of real estate, transport and infrastructure assets, primarily active in the UK,

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for the Target: provider of ports services across the UK and Ireland and shipping across the UK, Ireland and Europe. Its port operations include activities at the Port of Liverpool, the Manchester Ship Canal, Port of Heysham, London Medway, Port of Great Yarmouth, Clydeport, as well as Dublin Marine Terminals in Ireland. The Target has a subsidiary, BG Freight Line (‘BG’), which provides short sea container shipping services.

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË