Overview of the Transaction

Hapag-Lloyd has entered into a definitive agreement to acquire 100 % of the shares of ZIM Integrated Shipping Services Ltd. for US$35 per share in cash, valuing the deal at about US$4.2 billion. This cash offer represents a 58 % premium to ZIM’s prior stock price.

The transaction, still subject to approvals by ZIM shareholders and relevant regulators, is expected to close by late 2026.

Strategic Rationale & Benefits

• The combination would create a significantly expanded container shipping network, enhancing service on major trade routes such as the Transpacific, Intra-Asia, Atlantic, Latin America, and East Mediterranean.
• The combined fleet will exceed 400 vessels and capacity of more than 3 million TEU, making the merged enterprise one of the top five largest container carriers globally.
• ZIM shareholders secure substantial value through the premium cash offer.

Carve-Out for Israeli Operations (“New ZIM”)

To address Israel’s regulatory requirements — including the Special State Share (“Golden Share”) held by the Israeli government — a portion of ZIM’s business will be carved out and transferred to a new Israeli company owned by FIMI Opportunity Funds, the country’s largest private equity investor.

This new entity, sometimes referred to as “New ZIM,” will operate a fleet of 16 vessels and serve key trade lanes while maintaining maritime connectivity for Israel, with commercial support from Hapag-Lloyd.

Continuity & Timeline

Until the merger is completed:

• Hapag-Lloyd and ZIM will continue to operate independently and maintain existing contracts and services “business as usual.”

Completion is anticipated by late 2026 once shareholder and regulatory approvals are obtained.