ZIM BOD Updates on Ongoing Strategic Review Process

Core Viewpoint - ZIM Integrated Shipping Services Ltd. is undergoing a strategic review following a preliminary acquisition proposal from its CEO and President, aiming to maximize shareholder value through various alternatives [2][3]. Group 1: Strategic Review - The Board of Directors has initiated a strategic review of alternatives, including a potential sale of the company and capital allocation opportunities [2][3]. - ZIM has engaged Evercore as its financial advisor and Meitar Law Offices and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel to assist in this review [2]. - The review has attracted interest from multiple parties, including strategic interests, which the Board is evaluating [3]. Group 2: Board Composition - Recently, ZIM's Board of Directors added two independent directors, Yair Avidan and Dr. Yoram Turbowicz, enhancing the Board's financial and transactional expertise [5]. Group 3: Company Overview - Founded in 1945, ZIM is a leading global container liner shipping company operating in over 90 countries and serving approximately 33,000 customers across more than 300 ports [6]. - The company focuses on leveraging digital strategies and ESG values to provide innovative transportation and logistics services [6].