P&O Nedlloyd 14 Sept 2004

Who are we? P&O Nedlloyd is one of the world’s leading providers of point-to-point container shipping services. The company was formed in December 1996. P&O Nedlloyd is listed on the Amsterdam Stock Exchange (Euronext) under the name of Royal P&O Nedlloyd NV. The company trades under the name ‘P&O Nedlloyd’ and is headquartered in London.

P&O Nedlloyd key facts P&O Nedlloyd is the fourth largest container shipping company in the world. A modern operating fleet of 154 vessels with a standing capacity of 416,732 teu. Container fleet in excess of 845,000 teu. P&O Nedlloyd’s ships call at 229 ports in 94 countries with the support of more than 400 offices in 156 countries. Group turnover of USD 5.5 billion and total fixed assets of USD 1.8 billion in 2003. Over 3.7 million teu transported in 2003.

P&O Nedlloyd key facts Staffing of 8500 ashore, and 1800 afloat Approximately 10 Million TEU terminal moves annually US Operational offices in Chicago, Houston, Charleston, Portsmouth, VA US Headquarters in East Rutherford, NJ

A modern fleet In addition to our current fleet of 154 vessels we have an extensive newbuild programme in progress including the following vessels: 8 x 8,100 teu vessels on charter, which are due to enter services in the Europe-Asia and Transpacific trades from late 2004 onwards; 2 x 4,800 teu vessels on charter, which are due to enter the Europe-South Africa service in 2005; 2 x 1,800 teu vessels for use in Brazil for the Mercosul trade from 2007 onwards.

P&O Nedlloyd Global Network

The trades we operate in East/West Trades Trans Pacific Europe-Asia (including Mediterranean) Trans Atlantic Middle East & Indian trades North/South Trades (ex Europe and North America) Australia/New Zealand Africa Latin America Cross Trades (Asian based) Intra Asia

Global trade routes: Cargo origins We operate on virtually all trade routes and our global network serves almost 150 origin countries worldwide.

Proportion of capacity supplied by each independent carrier / alliance. Transpacific & Transatlantic data obtained from Piers / Asia-Europe data obtained from FEFC statistics / PONL estimates

Overall PONL market share: 5.6% Market position Overall PONL market share: 5.6% The above figures are based on 2003 full year statistics and trade estimates.

Industry position Data obtained from BRS Alphaliner - April 2004

North America Intermodal Growth P&ONL

Terminal Developments We have a number of terminals that are operational: Port Newark, New Jersey (PNCT) - 50 per cent shareholding; Calgliari, Italy (CICT) - 25 per cent shareholding; Colombo, Sri Lanka (SAGT) - 10 per cent shareholding. In addition we are involved with the following projects, currently under development:. Deurganckdok, Antwerp, Belgium - first phase due to be operational mid 2005; Euromax Rotterdam, The Netherlands - due to be operational end 2007. We are also evaluating terminal investments in Los Angeles, China and South Africa.

E-Partnerships / INTTRA P&O Nedlloyd is a founder member of Inttra.com, the leading portal used in the container shipping industry. The following lists the carrier members: P&O Nedlloyd Maersk-Sealand CMA CGM MSC Hamburg Sud Hapag Lloyd United Arab Shipping Safmarine NYK Line ANL Alianca DAL WAL Customer Portal Carrier A Carrier B PONL Carrier D

P&ONL Logistics Logistics turnover in excess of $200 million 390 offices in 120 countries 480 logistics employees Teams of dedicated logistics business developers Specialisation in four areas of service

P&O Nedlloyd Logistics global presence London Rotterdam East Rutherford Santa Ana Shanghai Dubai Hong Kong Mumbai Mombasa Singapore Regional Head Offices shown - not all offices Sao Paulo Santiago Sydney Cape Town

What are we doing now? Four services

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