News

Global Ports Investments PLC (“Global Ports”, and together with its subsidiaries and joint ventures, “the Group”), (LSE ticker: GLPR) today announces that at a meeting on March 23rd, 2012, the Board of Directors of Global Ports called an Annual General Meeting of shareholders to be held at City House, 6 Karaiskakis Street, Limassol, Cyprus on Monday, April 17th, 2012 at 11am (Cyprus time), to consider and, if thought fit, pass the following resolutions:

1. To receive and consider and, if thought fit, adopt the statutory audited parent company and consolidated financial statements of the Company for the financial year ended 31 December 2011 together with the reports of directors and independent auditors.
2. To re-appoint PricewaterhouseCoopers Limited as auditors of the Company to hold office until the conclusion of the next general meeting at which the accounts are laid before the Company and to authorise the Board of Directors to determine the remuneration of the auditors.
3. To reappoint Mrs. Siobhan Walker as a director of the Company for a period of three years to hold the office until the conclusion of the year 2015 annual general meeting of shareholders of the Company with an annual gross remuneration of EUR 75.000,00.
4. To fix the annual gross remuneration of Capt. Bryan Smith for the fulfillment of the Company’s director’s duties at USD 290,000.
5. To fix the annual gross remuneration of Mr. Alexander Iodchin for the fulfillment of the Company’s director’s duties at EUR 246,000.
6. To fix the annual gross remuneration of Mr. Michael Thomaides for the fulfillment of the Company’s director’s duties at EUR 50,424.
7. To fix the annual gross remuneration of Mr. Alexander Pevzner for the fulfillment of the Company’s director’s duties at USD 290,000.
8. To fix the annual gross remuneration of Mrs. Elia Nicolaou for the fulfillment of the Company’s director’s duties at EUR 1,000.
9. To fix the annual gross remuneration of Mr. Marios Tofaros for the fulfillment of the Company’s director’s duties at EUR 1,000.
10. To approve the distribution by the Company of final dividends for the year 2011 in the amount of 0,07 USD per ordinary share.

NOTES

1. Every holder of the Company’s ordinary shares entitled to attend and vote at the above mentioned annual general meeting is entitled to appoint a proxy to attend and vote on his/her behalf. Such proxy need not be a member of the Company. To be valid, the relevant instrument appointing a proxy must be in the form attached to this notice of the annual general meeting and if applicable the power of attorney or other authority if any under which it is signed or a notarially certified copy of that power or authority shall be delivered at the registered office of the Company, at Omirou 20, Agios Nikolaos, 3095 Limassol, Cyprus, not later than 48 hours before the time for holding the annual general meeting.
2. Holders of global depositary receipts (“GDRs”) will receive a written request containing voting instructions by which he/she may give instructions to the Depositary to vote for or against each resolution. Such request will include details as to the steps GDR holders need to take in order to give such instructions.
3. This notice of annual general meeting and attached form of proxy are available for viewing at the registered office of the Company, at Omirou 20, Agios Nikolaos, 3095 Limassol, Cyprus, and will shortly be available at the National Storage Mechanism of the UK Listing Authority, located at http://www.hemscott.com/nsm.do.