Call to Action for Shareholders

The Board is urging all shareholders to vote "FOR" each of ZIM's eight director nominees and "AGAINST" the three nominees proposed by the dissenting shareholders during the Company’s Annual and Extraordinary General Meeting set for December 26, 2025.

Letter to Shareholders Highlights Operational Success

In the letter addressed to shareholders, the Board expressed gratitude for their ongoing engagement and emphasized ZIM’s significant operational transformation over the previous years. The company has modernized its fleet, optimized its commercial networks, and returned a substantial amount of capital to shareholders. This rigorous governance has established ZIM as a formidable player within a rapidly evolving industry.

ZIM Today: Key Achievements

• Since its IPO in 2021, ZIM has achieved over 300% in total shareholder returns, outperforming both larger global carriers and the S&P 500.
• The fleet has expanded from approximately 70 to 129 vessels, effectively doubling its TEU carrying capacity.
• With an average EBIT margin of 30% since the IPO, ZIM’s performance stands strong against larger competitors.
• The company has distributed an impressive $5.7 billion in dividends, averaging over $47 per share—more than triple the IPO price.
• Book equity has soared from around $0.1 billion to approximately $4.0 billion, showcasing ZIM’s financial resilience.

Strategic Review and Value Maximization

The Board’s mandate is clear: maximize shareholder value and evaluate strategic alternatives continuously. Following an unsolicited proposal from CEO Eli Glickman and Rami Ungar, the independent Board, excluding management, assessed the offer and concluded that it materially undervalued the organization.

To ensure maximum value for shareholders, the Board has initiated a comprehensive review process that includes:

• Engagement of leading independent financial and legal advisors.
• Formation of an independent Transaction Committee.
• Appointment of two new directors with significant financial and transactional expertise.
• Outreach to various strategic and financial parties.

This ongoing review is designed to identify pathways that enhance value for all shareholders while ensuring management does not influence decision-making during this process.

A Strong and Independent Board

ZIM is governed by a highly qualified and refreshed Board, with five of the eight directors being appointed after the IPO. Collectively, they bring:

• Expertise in maritime, logistics, and industrial operations.
• Significant experience in mergers and acquisitions (M&A), finance, and capital allocation.
• Demonstrated backgrounds in regulatory and governmental oversight.
• Robust public company governance experience.

Rejection of Dissenting Shareholders' Claims

The Board firmly believes that the campaign led by the dissident shareholders is based on misleading assumptions regarding the strategic review and ZIM’s capital allocation strategy.

Key points regarding their campaign include:

• They did not engage in meaningful discussions prior to submitting their nominations.
• Their assumptions about a potential sale of ZIM at an inadequate price are inaccurate.
• The Board has already evaluated the proposal from the management group and deemed it undervalued.

The Board is committed to a transparent and thorough evaluation process that prioritizes maximizing value for all stakeholders.

Conclusion

As ZIM prepares for the upcoming shareholders' meeting, the commitment to transparency and value creation remains paramount. The Board encourages shareholders to support the current leadership as they navigate these transformative times for the company.