ZIM Board Updates on Ongoing Strategic Review Process

Core Viewpoint - ZIM Integrated Shipping Services Ltd. is currently undergoing a strategic review process, evaluating multiple acquisition proposals to maximize shareholder value [2][4]. Group 1: Strategic Review Process - The ZIM Board of Directors has received competitive proposals from various strategic parties to acquire all outstanding ordinary shares of the Company [2]. - A revised proposal from an entity led by the Company's CEO Eli Glickman and Rami Ungar was deemed to significantly undervalue the Company and was declined by the Board [3]. - The strategic review is in advanced stages and includes considerations for potential value creation alternatives, such as a sale of the Company and capital allocation opportunities [4]. Group 2: Company Overview - Founded in 1945, ZIM is a leading global container liner shipping company with operations in over 90 countries and services approximately 33,000 customers across more than 300 ports [5]. - The Company employs digital strategies and adheres to ESG values to enhance customer experience and provide innovative logistics services [5]. - ZIM's strategy focuses on agile fleet management and deployment, targeting major trade routes and select markets where it holds competitive advantages [5].