Global Yatirim Holding A.S. (IBSE:GLYHO) (Global Investments Holding, "GIH") notes the movement in share price over the past four weeks and trading volume of Global Ports Holding Plc (LSE:GPH) ("GPH", the "Company"). GIH as the controlling shareholder is convinced of the merits of moving the business into private ownership and intends to seek delisting of the Company and taking it private. Although as a standard listed company delisting can be implemented through a decision by the board of directors of the Company and neither a shareholder vote nor a squeeze-out is required, GIH is considering a possible cash offer of USD 3.00 per share (the "Offer Price"),to be implemented by GIH's wholly owned subsidiary, Global Ports Holding B.V. ("Bidco"),for the issued and to be issued share capital of the Company not already owned by Bidco, as a liquidity opportunity in conjunction with the delisting.

GIH and Bidco are in discussions with potential providers of funding. There can be no certainty that an offer will be made. Under Rule 2.6(a) of the Code, Bidco must, by no later than 5.00 pm on 12 July 2024, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code, or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. In accordance with Rule 2.5(a) of the Code, Bidco reserves the right to make an offer for the Company at a lower value than the Offer Price: (i) with the agreement or recommendation of the Board of the Company; (ii) if a third party announces a firm intention to make an offer for the Company which, at that date, is of a value less than the value of the Offer Price; or (iii) following the announcement by the Company of a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover (as defined in the Code). If the Company declares, makes or pays any further dividend or distribution or other return of value or payment to its shareholders, Bidco reserves the right to make an equivalent reduction to the Offer Price.

Bidco reserves the right to vary the form and /or mix of the consideration it would offer. A further announcement will be made when appropriate.