PRESS RELEASE

Concession agreement signature for

Container Terminal 3 (CT3) of the port of Casablanca

Through the construction and concession of the third terminal, the entire port

container traffic transit has been further enhanced. The new terminal, with 14

meters depth will be a key milestone in the capacity of the container terminal at the

port of Casablanca, which will be able to receive new generation container ships.

The placement of this terminal was finalised by signing the relevant concession

documents, under the presidency of the Minister of Equipment and Transport Mr.

Aziz RABBAH Monday, February 4th, 2013.

At the Ministry of Equipment and Transport, Mr. Aziz RABBAH chaired on February

4th the ceremony of signing of Container Terminal 3 (TC3) of the port of Casablanca

concession agreement between the National Agency on the Ports and Port Operating

Company (Marsa Maroc).

The concession of the terminal was a two-step process led by ANP. A first step in the

form of a call for interest (AMI) was a resounding success. A second stage involved the

tender itself, started with five selected suppliers following the first phase ie bidders: The

Port Operating Company (Marsa Maroc), SOMAPORT / COMANAV / TERMINAL

LINK consorsium, Hutchison Port Holdings, DP World and "Grup TCB-SNI

consorsium."

As a result of this process, the concession of the new terminal was awarded to Marsa

Maroc in accordance with the tender regulation and their offer in particular in terms of

financial contributions that include 1.5 billion dirhams as a right to operate, an annual

fixed fee of 20 million dirhams and a variable fee guaranteed for the first twelve years

ranging from 27 to 85 million dirhams annually.

The reasoning behind the chosen scheme by ANP for the realization and distribution of

this project is not only to comply with 15-02 law but also enable investment risk sharing

between the licensing authority and the future operator.

Indeed, ANP has mobilized a 650 million dirhams envelope for container

terminal infrastructure, whereas the operator will carry out the investments related to

equipment and superstructures of the terminal.

Ultimately, this terminal will be equipped by four gantry cranes, 13 yard gantry cranes,

19 tractors, 2 reach stackers and a scanner for containers control.

With the implementation of this new terminal featuring a dock of approximately 529

linear meters with a depth ranging from 12 m to 14 m and about 30 ha of quayside

surfaces, the processing capacity of the port of Casablanca will yearly reach 1.6 million

TEU (Twenty Feet Equivalent Unit, i.e. a standard container in 2015 instead of 1 million

TEUs / year currently.

The Container Terminal 3 (TC3) will make it possible to anticipate the saturation of

current terminals of the port of Casablanca, originally scheduled for 2015-2016,

according to the forecast traffic adopted in the port strategy on the horizon 2030.