Khalifa Port Container Terminal Phase II in Abu

Khalifa Port Container Terminal Phase II in Abu Dhabi, UAE DBS was the Mandated Lead Arranger and Structuring Bank for long term loan financing of the Project DEAL SUMMARY § COSCO Shipping Ports as the Project Sponsor entered into a 35 year (with an option to extend for 5 years) concession agreement with Abu Dhabi Ports Company PJSC for the construction and development of Container Terminal Phase II at Khalifa Port in Abu Dhabi, UAE. § DBS acted as the Mandated Lead Arranger and Structuring Bank for long term loan facility for the development of the Container Terminal Phase II. § The facility was structured as long term loan facility with moratorium on principal repayment. NOTEWORTHY FEATURES PROJECT DATA Location Abu Dhabi, UAE Project Sponsor COSCO Shipping Ports Capacity 2. 4 million TEU per annum Expected Capital Expenditure (in present value terms) ~USD 322 million Funding Mix 65: 35 35 year concession (with an option to extend for 5 years) Concession with Abu Dhabi Ports RELEVANCE OF THIS TRANSACTION Company PJSC § This is one of the key projects under ‘Belt and Road Initiative’ for COSCO. § The facility size and its repayment was structured to meet the client’s requirement, to allow for the construction period and ramp up in volumes. § The Phase 2 terminal with 2. 4 m TEU capacity is expected to serve international container shipping liners in the region. § One of the first project finance transactions for DBS in the Middle East, the Project shows our capability to move with our clients to new geographies.