FORTH PORTS : Form 8.5 (EPT/RI)

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5(c)(ii) of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader: Commerzbank AG London Branch

(b) Name of offeror/offeree in relation to whose Forth Ports Plc relevant securities this form relates:

Use a separate form for each offeror/offeree (c) Name of the party to the offer with which exempt N/A principal trader is connected: (d) Date dealing undertaken: 23rd May 2011 (e) Has the EPT previously disclosed, or is it today NO disclosing, under the Code in respect of any other party to this offer?

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales Class of Purchases/ Total number of Highest price Lowest price relevant sales securities per unit paid/ per unit paid security received /received ORDS BUY 694 16.25 16.25

(b) Derivatives transactions (other than options)

Class of Product Nature of dealing Number of Price per relevant description e.g. opening/closing a reference unit security e.g. CFD long/short position, securities increasing/reducing a long/short position N/A

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of Product Writing, Number of Exercise Type Expiry Option relevant description purchasing, securities price e.g. date money security e.g. call selling, to which per unit American, paid/

option varying option European received etc. relates etc. per unit N/A (ii) Exercising Class of relevant Product Number of Exercise price per

security description securities unit e.g. call option N/A

(d) Other dealings (including subscribing for new securities)

Class of relevant Nature of dealing Details Price per unit

security e.g. subscription, (if applicable) conversion N/A

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None Date of disclosure: 24th May 2011 Contact name: Reena Kolotia Telephone number: [phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail] . The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at .

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