Announcement of “in Principle” Agreements Regarding Certain Ports Owned and Operated by Hutchison Port Holdings (“HPH”) (the “Transaction”) / (4 March 2025) The BlackRock-TiL Consortium and CK Hutchison are pleased to announce that they have reached in principle agreements whereby the BlackRock-TiL Consortium will acquire: • HPH’s 90% interests in Panama Ports Company (the “PPC Transaction”), which owns and operates the ports of Balboa and Cristobal in Panama (the “Panama Terminals”); and • CK Hutchison’s 80% effective and controlling interest in subsidiary and associated companies (the “HPH Transaction”) owning, operating and developing a total of 43 ports comprising 199 berths in 23 countries, together with all HPH’s management resources, operations, terminal operating systems, IT and other systems, and other assets appertaining to control and operations of those ports (the “HPH Ports Sale Perimeter”). The HPH Ports Sale Perimeter does not include any interest in the HPH Trust, which operates ports in Hong Kong, Shenzhen and South China, or any other ports in China. (....)