#Israel #ZIM Integrated Shipping #Haifa #Eli Glickman #Rami Ungar

ZIM Integrated Shipping Services Update on Strategic Review Process

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a prominent player in the global container shipping industry, has issued a significant investor update regarding its ongoing strategic review process. This review, which has unfolded over the past several months, involves evaluating various strategic alternatives to enhance shareholder value.

The Board of Directors at ZIM has received several competitive proposals from different parties interested in acquiring all outstanding ordinary shares of the Company. This critical phase of assessment aims to ensure that shareholders benefit from significant value creation opportunities. While the board is carefully considering these offers, it remains focused on options that will enhance its market position and shareholder returns.

One noteworthy development in the current review process is the recent proposal submitted by an entity owned by Eli Glickman, who serves as the Company's CEO and President, along with Rami Ungar. After thorough deliberations, the Board concluded that this proposal fell short of adequately reflecting the Company's true value and subsequently declined the offer. This decision underscores the commitment of ZIM's leadership to protect its shareholders’ interests and ensures that any future agreements align with the Company's financial health and market potential.

As the strategic review advances, potential alternatives are being considered, which might include a sale of the company, effective capital allocation strategies, or new investment opportunities. The overarching goal remains centered on maximizing shareholder value while reinforcing ZIM's global presence and competitive edge in the shipping industry.

Despite the progress made, ZIM has made it clear that there are no guarantees any transaction will be realized as a result of the ongoing review or the proposals under evaluation. Additionally, the Board has indicated that further updates on the review will be limited until an agreement is finalized or the review is concluded.

About ZIM

Founded in 1945 in Israel, ZIM Integrated Shipping Services Ltd. has grown to become a leading global container liner shipping company. With established operations in over 90 countries, ZIM delivers services to around 33,000 customers across more than 300 ports worldwide. The company strategically utilizes digital technologies and adheres to Environmental, Social, and Governance (ESG) principles, ensuring innovative marine transportation and logistics solutions that enhance customer experience.

ZIM's unique global-niche strategy emphasizes agile fleet management and the deployment of resources to cover major trade routes. This structured approach focuses on specific markets where ZIM maintains competitive insights and advantages, allowing it to efficiently serve a diverse set of customer needs within the global shipping landscape.

For further information about ZIM and its services, you can visit the company's official website at www.ZIM.com.

As ZIM continues to navigate this strategic review, it remains committed to transparency and a proactive approach to engaging with its stakeholders, always prioritizing the interests and expectations of its shareholders and clients alike.