Pakistan International Container Terminal : Transmission of Annual Report for the Year Ended December 31, 2022, of Pakistan International Container Terminal Limited

Shaping a Brighter Future

Continuity that drives endless opportunity

The thematic essence of the cover page of Pakistan International Container Terminal's (PICT) report, "Shaping a Brighter Future - Continuity that Drives Endless Opportunity," epitomizes the company's unwavering focus on providing unparalleled customer service. Renowned for its customer-centric approach, PICT remains steadfast in its pursuit of operational excellence, as well as its commitment to expanding its services to meet the ever-changing demands of the industry. Through its unwavering dedication to continuity and innovation, PICT is primed to lead the charge in revolutionizing the container terminal landscape in Pakistan, heralding boundless possibilities for its customers and stakeholders alike.

Contents

Page 28 Review Report to the Members on Statement of Compliance

Company Information

Profile of the Board of Directors

Mr. Hans-OleMadsen has over 37 years of international experience within the Port, Shipping & Logistic industry. Mr. Madsen is the Senior Vice President, Regional Head for Europe, Middle East and Africa of International Container Terminal Services, Inc. Alongside he is a Director of several other ICTSI group companies. Mr. Madsen spent 27 years with the A.P. Moller Maersk Group in various international senior positions.

Mr. Gordon Alan P. Joseph, FICD is a Fellow of the Institute of Corporate Directors. Mr. Joseph is the Honorary Consul of Kingdom of the Netherlands to the Philippines and has served as the Chairman of the Executive Committee of the Metro Cebu Development Coordinating Board and as Chairman of the Infrastructure and Power Committees of the Regional Development Council, for Region VII in the Central Philippines. He has also served as a Director of the Mactan Cebu International Airport Authority. He is a major shareholder and CEO of Philpacific Insurance Brokers, Inc., the 5th largest insurance broker and risk management advisory company in the Philippines. Mr. Joseph has a Bachelor's degree from De La Salle University, Manila in 1979.

Mr. Rune Rasmussen has more than 17 years of extensive experience in Asset Management, directing large investment projects and portfolios, business transformations and facilitating change management. He had been holding senior management roles in Valais Investment Management, Dexia Bank and Acuma Wealth Management in past. Mr. Rasmussen holds Master's degree in economics from University of Copenhagen.

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Mr. Bilal Shahid has more than 16 years of diversified professional experience in the development of seaports, managing port operations, multinational logistics services, transport, warehousing, stevedoring, and off-dock container terminal operations. He has been the Director in numerous companies of the Bilal Group. He is a Certified Public Accountant (CPA) from New Jersey, US and also holds B.Sc. in Accounting from Louisiana State University (LSU).

Ms. Lirene C. Mora-Suarez has been associated with ICTSI since April 2007. She is currently serving as the Director, Global Corporate Legal Affairs Department of ICTSI. She is a seasoned lawyer with more than 18 years of experience. She was awarded "2019 Woman Lawyer of the year" and was Young Lawyer of the Year 2019 finalist by Asian Legal Business Philippine Law Awards. Ms. Lirene received her Juris Doctor degree in Law and Bachelor of Arts degree in Philosophy (Summa Cum Laude) from the University of Philippines.

Mr. Jacob Christian Gulmann has been associated with ICTSI since 2013, first as Director of Business Development and presently as Managing Director of ICTSI's terminal operations in Onne, Nigeria. Prior to this Mr. Gulmann was with the A.P. Moller Maersk Group where he held positions in finance and business development. Mr. Gulmann is a graduate of Oxford University.

Mr. Arnie D. Tablante was appointed on September 15, 2021 as the Treasurer of ICTSI. Prior to such role, he was the Risk and Capital Director of ICTSI. Concurrently, he is a Director and Treasurer of Cavite Gateway Terminal, Inc., Falconer Aircraft Management, Inc., IW Cargo Handlers, Inc., South Cotabato Integrated Port Services, Inc., Abbotsford Holdings, Inc., Cordilla Property Holdings, Inc., a Treasurer of Intermodal Terminal Holdings, Inc., Motukea International Terminal Ltd., South Pacific International Container Terminal Ltd., Aeolina Investments Limited and Crixus Limited. Prior to joining ICTSI, he was already a seasoned banker, having been connected with Union Bank of the Philippines. Mr. Tablante received his Master's Degree in Business Administration from the Asian Institute of Management and holds a Bachelor of Science degree in Industrial Management Engineering from the De La Salle University.

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