Togo LCT

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Lomé Container Terminal (LCT) SA (“LCT” or the “Company”), a locally incorporated company, was awarded a 35 year concession on December 2008 (the “Concession”) by the Togolese State, with an optional 10 year extension, to develop, construct and operate a greenfield container terminal (the “Terminal”) within the Port of Lomé (the “Port”) in Togo (the “Project”). Upon completion, the Terminal is expected to have an estimated handling capacity of up to 1.5 million twenty foot equivalent unit (“TEU”) moves per annum. Further expansion of the Terminal, south of the newly constructed port basin is envisaged in the longer term.LCT is indirectly wholly owned by Global Terminal Limited (“GTL”). Terminal Investment Limited (“TIL”) is a co sponsor of the Project, alongside GTL. GTL and Terminal Investment Limited (“TIL”) are sister companies and together hold the sixth largest portfolio of container terminal assets in the world. The Terminal will be operated by TIL or an acceptable international partner operator. Mediterranean Shipping Company (“MSC”), the world’s second largest shipping line with a 12% share of the international container shipping market, will be LCT’s anchor customer.