Motivation. S p e e d. I n n o v a t i o n. Performance. 50 Years. Group. 50 Years

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1 S p e e d Motivation I n n o v a t i o n Performance 50 Years Group 50 Years

2 member of transinvest PTB a member of TransInvest The TransInvest Group Our management consists of people of various nationalities, traditions and cultural backgrounds. This diversity has enabled us to develop into a multi-national and multi-cultural conglomerate. Today the TransInvest Group is an internationally operating group of approx. 130 independent companies under the umbrella of a joint holding. The historically grown focus of the Group s activities lies on the transportation and logistics sector, with a special emphasis on business in Europe and Asia. However, the functional competencies also comprise financial services, investments, real estate and consulting. approach. It is our continual aim to explore and develop new business opportunities. We have an understanding of different cultures and we are open in our acceptance of different values. Our dialogue of cultures is not only beneficial for our business, but also offers a positive social contribution. We are convinced that steady growth can only be generated through diversification and a modern business Werner Albert Chairman Yousef Sherkati Chief Executive Officer

3 member of transinvest TransInvest Group Board of Directors Werner Albert, Chairman TransInvest Werner Albert is at the helm of the Group s Board of Directors with its internationally widespread companies. The head office of the TransInvest Group is in St. Gallen, Switzerland. Early on, Werner Albert, who had learned the transportation and logistics business from the ground up, focused on the transport & logistics sectors of the TransInvest Group. Albert s other focus lies on business going East - to Eastern Europe, to Russia, to Central Asia and the Far East. In this context, Werner Albert is especially committed to developing the transcontinental land bridge between Northern and Western Europe and the Iran on the one hand, and the Pacific on the other. In his function as President of the Association of European Trans-Siberia Forwarders and Operators GETO and as Vice-Chairman of the International Coordinating Council on Transsiberian Transportation CCTT functions that he has been holding for years now, Werner Albert has been very successful in promoting a better use of the Trans- Siberian rail corridor. Yousef Sherkati, CEO TransInvest For Yousef Sherkati, too, transportation and logistics are a profession and a vocation at the same time. Sherkati began his career in 1964 by working for the family company in Tehran, PTB Perse International Forwarding Co. In 1970, Sherkati came to Europe and expanded his international transportation know-how while working for Militzer & Münch, PTB s co-operation partner. In the late 1970s, his professional development led him to a new function: He became the President of the PTB Group. The 1980s saw a closing of ranks between PTB and Militzer & Münch, and in 1988, Sherkati followed the call of becoming Managing Director of M&M AG in St. Gallen, Switzerland. Within a very short period of time, he set up a group of companies, which today is active in almost every country in Eastern Europe, Central Asia, the Far East, as well as countries of the Maghreb region. In 2001, the various companies were united under the umbrella of the TransInvest Holding, with Yousef Sherkati as CEO and Member of the Board of Directors. 50 Years

4 WORDS OF GREETING Dear Reader In 1961, the new transport route by truck from Europe to Iran which Militzer & Münch had already pioneered the previous year, proved to be a viable alternative to maritime and rail shipping. In June of 1961, I accompanied the 50th truck departing from Munich and bound for Tehran. At that time, the incoming shipments were transferred at the Iranian border onto local trucks. It became evident that a reliable partner was needed in Iran to facilitate customs procedures and local transportation. Mr. Wolfgang Koch of Militzer & Münch was fortunate in gaining the support of the cooperation of Mr. Seyed Mehdi Kahnamoui. As a result, Perse Transport Bar Co. Ltd. was established. Due to the increasing scope of activities, specialised subsidiaries were additionally created, which altogether comprise what is today known as PTB Group. From the beginning managers of new subsidiaries received shareholdings and thus contributed to the rapid expansion and founding success of the company. The attribute Architects of transport, which was coined by FIATA in the 1960 s, did and does still apply to the PTB Group; this is evident from several milestones in the company s history and present-day activities. It is a real pleasure to see the ongoing drive for innovation within the Group. The once dominant business activities of 30 and 40 years ago constitute only a fraction of the present-day turnover. Since then, new logistical fields have been consistently sought, culminating in the PTB Group becoming a recognized leader in organizing transit shipments, airline representation and terminal operations in particular. Introducing a new concept, the PTB Group is now sharing its diverse experience by providing management capacities and proven logistical techniques to other entities and partners in the logistics sector. The Iranian government s emphasis on developing the transport infrastructure and its continuing effort to connect all neighbouring countries to the Iranian railway network offers an unprecedented opportunity for further development. It is my belief that the PTB Group, its managers and its staff, both motivated and creative, have the prospect of a bright future in a constantly changing world by keeping up with the brisk pace of innovation. With warmest regards Hans-Joachim Seifert Hans-Joachim Seifert Hans-Joachim Seifert has been connected with Militzer & Münch since 1953, when he began working with M&M Regensburg, Germany. In the early sixties, after stages in New York (1959) and Hamburg (1960), Hans-Joachim Seifert and his wife moved to Tehran as M&M Delegate. Later on he joined PTB. In the 1960s and 1970s, he contributed significantly to transports to Iran via the Trans-Siberian route. Initially, such transports were conventional, but they were soon succeeded by container traffic. In 1980 Mr. Seifert and his family returned to Europe. In the following years he founded M&M Militzer & Münch AG (1980), TransInvest Holding AG (1984) as well as M&M Militzer & Münch International Holding AG (1985) in Switzerland, which set the tone for the future.

5 management board PTB Group Board of Directors Mr. Akbar Saremi 50 years with PTB Group Mr. Parviz Golabi 33 years with PTB Group Mr. Ebrahim Dehghan 32 years with PTB Group Akbar Saremi joined PTB Perse Transport Bar already in October 1961 as Accounting and Finance Manager. Before that, he had worked in private companies, where he was responsible for accounting, and as a director of the private banking group, Pars Bank. Throughout the 50 years of cooperation with the PTB Group, he was always in charge of its financial affairs and was member of the board of directors of various Group companies. Parviz Golabi started working part-time in PTB as a college student in 1967 and later, during the 1970 s, he was part of the pioneering team of the Iran containerization. After living in the USA in the 1980 s, he again joined PTB in Since 1995, he has been Managing Director of PTB and member of the board of the Group, responsible for the business strategy and the development of new fields of activities for the whole Group. Ebrahim Dehghan joined the Group in July 1979 as Senior Consultant to the board of directors. When he joined PTB, he brought with him 3 years of experience in the private sector and 4 years of experience in semi-government organizations (IEI). In 1974, he obtained his MBA degree from Harvard Business School, Iran Branch (ICMS). Ever since, he has held various managerial positions within the PTB Group. 50 Years

6 50 Years International transport and logistics service in Iran PTB Group was originally founded in 1961 by the late Mr. Seyed Mehdi Kahnemoui as Perse Transport Bar (PTB), a transport company mainly focused on import/export of cargo from/to Europe and Iran. Mr. S.M. Kahnemoui started his transport career in 1941 by transporting dry fruit produced by family organizations via rail from Djulfa to Europe. After becoming a founding partner in the trucking and bus company Shargh and establishing inland trucking companies Noe Bashary in Tabriz and Kahnamoui in Khorramshar and Customs Clearance Agency in Tabriz and Djulfa, he continued his career in international transportation as agent of Cargo & Shipping company in Azerbaijan, which led him to connections with M&M Militzer & Münch and to establishing PTB. Mr. Kahnemoui was the founder of the Iranian International Transport Companies Syndicate and its Secretary General until 1357 (1978). Mr. Seyed Mehdi Kahnemoui 1961 Perse International Forwarding Company was established Commencement of Trans Siberian Rail Service Far East / Djulfa (Iranian border station with former USSR) for conventional cargoes Commencement of Trans Siberian Rail Service Far East / Iran for container transportation. A brief look into the his

7 PTB today - Group companies PTB today The company is completely privately owned. With over 600 employees working in Iran, PTB is one of the largest and most experienced freight forwarders in this country. PTB has its own branch offices at 15 border stations and in major Iranian cities and, in addition, maintains representative offices in other parts of the country. It offers international freight forwarding services, trucking, terminal operations and logistics, port handling, as well as tour and travel services. Perse International Forwarding Co. (Ptb) >> Forwarding & Logistics Tehran Container Terminal co. (TCT) >> Terminal Operations Iranian International Transport Co. (IITC) >> Trucking Container Shipping Co. (CONSHIP) >> Port Handling Hava Darya Travel Agency co. (Air Sea) >> Tour & Travel Agency 1971 Subsidiary Conship Limited was established Tehran Container Terminal, as first Iran private bonded terminal, was established Establishing the first dry container terminal in Iran (Tehran). tory of the company 50 Years

8 ptb today - Branches Caspian Sea Tehran Iran Persian Gulf >> Agh Gala (Pol) >> Astara >> Badjgiran >> Bandar Abbas >> Bandar Anzali >> Bandar Imam Khomeini >> Bazargan >> Djulfa >> Isfahan >> Lotfabad >> Mashad >> Sarakhs >> Tabriz >> Tayebad 1974 Acquisition of American Eastern Khoramshar Shipping Agency (renamed ISS Iran Shipping Services) Commenced first regular container line, calling Iranian ports Conship Container Terminal, as first Iranian Port Terminal, was established in Bandar Iman Khomeini. Joint Service between Conship and Jeuro Japan Jeuro Line between Far East and Bandar Iman Khomeini. A brief look into the his

9 facilities Head office The head office of PTB is located in the centre of one of the most renowned business districts of Tehran. The building has approx sqm office space. The office offers all of today s standard IT and telecommunications equipment Subsidiary Iran Shipping Ltd. was established Acquisition of Ameaster Tanker company handling Tankers at all major Iranian Oil Port (renamed Iran Tanker Services) Opening of Iranian transit route to CIS. tory of the company 50 Years

10 facilities Terminal Management & Operations Bandar Abbas Shahid Rejaie Port Since its establishment, innovations and investments in technology, terminals and manpower have always been the foundation of PTB s success in the transport market. Tehran Container Terminal TCT is the terminal operator of the PTB Group in Iran. TCT was founded in 1972 and since then has built and operated over 1.3 million sqm of customs bonded and container terminals and warehouses in Iranian ports, inland cities and on borders. Container Shipping Co. ConShip was established in 1971 as the first container transportation company in Iran. In 2006 ConShip restarted its activities, focusing on sea and dry ports, including investment, design, construction and management, mainly in Iranian ports, and inland container terminals as well as door to door container logistics services Establishment of TCT bonded terminal in Lotfabad. Opening of transit route for CIS cotton via Bandar Abbas Establishment of TCT cotton terminal in Bandar Abbas Completion of new sqm of TCT cotton terminal in Bandar Abbas. A brief look into the his

11 facilities Bandar Abbas multi-purpose terminal: cotton The PTB cotton terminal was built at the Shahid Rajaee Port complex, Bandar Abbas, in The terminal has its own railway siding and is thus connected to the national railway net. The area measures 100'000 sqm; it has two warehouses with 12'000 sqm each, and a 450 m long concrete platform for wagons and trucks, where 30 wagons per working shift can be handled. The daily capacity: 3'500 tons of cargo. Bandar Abbas multi-purpose terminal: container A state-of-the-art container terminal at the heart of Bandar Abbas container port (Shahid Rajaee): Here, 120'000 TEUs of containerized goods are handled per year. The terminal complex has its own railway siding and is equipped with modern facilities and container handling equipment Appointed as Exclusive Sales Agent in Iran for Lufthansa Cargo Iran Shipping reactivated with two general cargo river/sea vessels for Caspian Sea trade Appointed as General Sales Agent (GSA) in Iran for British Airways World Cargo. Completion of Bandar Anzali general cargo terminal at the heart of tory of the Bandar Anzali port. company 50 Years

12 facilities Bandar Abbas rail container terminal This terminal is under construction in an 80'000 sqm area with 5'000 m of private railway, utilizing three rail mounted gantry cranes with an annual loading/discharge capacity of 350'000 TEU. It is unique in Iran and will have a remarkable role to play when using railway for moving containers in and out of the country and CIS region. Bandar Abbas South Shipping Line Terminal PTB provides management services to 100'000 sqm full container terminal of South Shipping Line (SSL) located in Shahid Rajaie Port Complex. With an annual turnover of TEUs, this terminal provides various storage and logistics services to SSL customers, thanks to container management skills, IT facilities, and container handling equipment such as 3 RTGs and 2 Reach Stackers Appointed as General Sales Agent (GSA) in Iran for Lufthansa Cargo Completion of additional sqm extension of TCT Bandar Abbas state-of-the-art Container Terminal (total sqm terminal) Appointed as General Sales Agent (GSA) in Iran for Singapore Airlines Cargo. A brief look into the his

13 Management of terminals Bandar Abbas Silver Line Container Terminal PTB provides design, construction and operation management for this state-of-the-art terminal. This terminal is under construction on an area of 250'000 sqm, with 450 m of private railway and a daily cargo handling capacity of 3'000 tons. A platform of 14 m width and 450 m length will enable conventional wagons to be discharged directly to containers and vice versa. In addition, two hangars of 3'000 sqm each are being constructed on the platform for discharging, storing and loading of conventional wagons, one 10'000 sqm distribution warehouse and one strip & stuff yard. This terminal also has a capacity of handling 170'000 full containers and 40'000 reefer containers annually. Bandar Abbas Rail Station Shunting Yard Bulk Terminal This unique Terminal is designed and under contract for construction to handle grain arriving from CIS by bulk rail cars to vessels. The Terminal will enable utilization of Iranian route for export of CIS grains to Persian Gulf and neighboring countries Appointed as Sales Agent in Iran for Qatar Airways Cargo Appointed as Cargo General Sales Agent (GSA) in Iran for British Midland Airways (bmi) Appointed as Cargo General Sales Agent (GSA) in Iran for China Southern Airlines. tory of the company 50 Years

14 Management of terminals Tehran Tehran (Shahriar) Customs Terminal The management of the container terminal of Tehran Customs Complex includes sections for full container terminal, general cargo and logistics services sqm of rail-linked container terminal and five covered warehouses of sqm for bonded cargo have made this one of the Group s most important projects in Tehran. Bandar Abbas rail bulk terminal Large volumes of bulk cargo need a practical and economical mode of transportations, meaning rail. This has motivated PTB Group to design and invest in this project in the port of Shahid Rajaie. This terminal will be specialized for discharging one million tons of bulk cargo from bulk carrying wagons directly to containers. The strategic location of Shahid Rajaie Port and the availability of empty return containers makes it possible to load bulk cargo into dry containers for all destinations, including the Far East Appointed as Tehran Shahriar Custom Rail Container Terminal and Warehouse Management Investment and Construction of Iran First Rail/Container Terminal in Bandar Abbas (80'000 sqm) Appointed as Cargo General Sales Agent (GSA) in Iran for Pegasus Airlines. Fifty year anniversary of PTB.

15 means Iran The landscape of Iran stretches from hot desert plains to regions with a milder climate, from everlasting snow to subtropical coastal regions. Iran has many neighbors it shares its northern border with Armenia, Azerbaijan, Turkmenistan and the Caspian Sea, its western borders are with Turkey and Iraq; the Persian Gulf and the Gulf of Oman form the southern border, and to the east lie Pakistan and Afghanistan. Iran belongs to the key countries along the historical Silk Road, which is over 2000 years old and used to link the Mediterranean area with Eastern Asia. One of the main routes came from what is today called Turkmenistan and crossed over the Iranian border at Sarakhs. The way led through Rey, a southern suburb of the modern metropolis, Tehran, and a transit hub of the trading route at the time. To this day, Iran plays a leading role as a transit country between Europe and Asia. For example, the truck route from Central Europe to Turkmenistan and Uzbekistan runs through Turkey and via the Iranian customs checkpoints of Bazargan, Badjgiran and Sarakhs. By far the most important trading harbors are Bandar Abbas and Bandar Imam Khomeini on the Persian Gulf and Bandar Anzali on the Caspian Sea. Almost half of the Uzbek cotton exports, amongst others, are processed through Bandar Abbas. During the past years, there has been a revival of the comprehensive road network between Europe and Asia. Important transportation projects have been launched along the five main corridors, and many others are to follow. This requires the further development of the infrastructure as well as experienced and reliable experts in transport logistics. The PTB Group is one of them. Thanks to its creative ideas and courageous entrepreneurship, PTB has made a big difference in the transportation market during its 50- year old history, and will continue to do so in the future. ////////////////////////////////////// Population: approx. 72 Mio. Capital: Tehran [7'352'000] Total size: 1'648'000 km 2 Land size: 1'636'000 km 2 Water: 12'000 km 2 Currency: Rial (IRR) GDP (ppp): $ billion GDP (official exchange rate): $ billion GDP per capita: $ 4'460 Main Economic Sectors: - Oil and Natural Gas - Agriculture - Manufacturing: - Steel - Automotives - Food Products - Petrochemicals - Financial (state and private) 50 Years

16 management board Impressions PTB group

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18 management board

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20 PTB GROUP 225 OSTAD MOTAHARI AVE. P.O. BOX IR TEHRAN PHONE: (+9821) FAX: (+9821) PERSE@PTBNET.COM

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