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P&O Nedlloyd P&O Nedlloyd 14 Sept 200414 Sept 2004

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Who are we?Who are we? P&O Nedlloyd is one of the world’s leading

providers of point-to-point container shipping services.

The company was formed in December 1996.

P&O Nedlloyd is listed on the Amsterdam Stock Exchange (Euronext) under the name of Royal P&O Nedlloyd NV.

The company trades under the name ‘P&O Nedlloyd’ and is headquartered in London.

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P&O Nedlloyd key factsP&O Nedlloyd key facts P&O Nedlloyd is the fourth largest container shipping

company in the world.

A modern operating fleet of 154 vessels with a standing capacity of 416,732 teu.

Container fleet in excess of 845,000 teu.

P&O Nedlloyd’s ships call at 229 ports in 94 countries with the support of more than 400 offices in 156 countries.

Group turnover of USD 5.5 billion and total fixed assets of USD 1.8 billion in 2003.

Over 3.7 million teu transported in 2003.

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P&O Nedlloyd key factsP&O Nedlloyd key facts Staffing of 8500 ashore, and 1800 afloat

Approximately 10 Million TEU terminal moves annually

US Operational offices in Chicago, Houston, Charleston, Portsmouth, VA

US Headquarters in East Rutherford, NJ

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A modern fleetA modern fleet In addition to our current fleet of 154 vessels we

have an extensive newbuild programme in progress including the following vessels:

8 x 8,100 teu vessels on charter, which are due to enter services in the Europe-Asia and Transpacific trades from late 2004 onwards;

2 x 4,800 teu vessels on charter, which are due to enter the Europe-South Africa service in 2005;

2 x 1,800 teu vessels for use in Brazil for the Mercosul trade from 2007 onwards.

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P&O Nedlloyd Global NetworkP&O Nedlloyd Global Network

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The trades we operate inThe trades we operate in East/West Trades

Trans Pacific Europe-Asia (including Mediterranean) Trans Atlantic Middle East & Indian trades

North/South Trades (ex Europe and North America) Australia/New Zealand Africa Latin America

Cross Trades (Asian based) Australia/New Zealand Africa Latin America Intra Asia

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Global trade routes: Global trade routes: Cargo originsCargo origins We operate on

virtually all trade routes and our global network serves almost 150 origin countries worldwide.

0

0.25

0.5

0.75

1

1.25

1.5

Mill

ion

teus

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Proportion of capacity supplied Proportion of capacity supplied by each independent carrier / by each independent carrier / alliance.alliance.

Transpacfic Asia-Europe Atlantic(N.Europe only)

Grand Alliance(PONL/NYK/OOCL/HL/MISC/CP) 16 21 18 + 9% of CP Ships

New World Alliance(APL/Hyundai/MOL) 16 9 7 + 9% of Maersk-

Sealand

Cosco/YML/K-Line Atlantic/Hanjin & Senator/UASC 24 24 7 Partly work with

GA

Maersk-Sealand 10 13 9 + 6% of NewWorld All

Evergreen/LT 12 9 7

Transpacific & Transatlantic data obtained from Piers / Asia-Europe data obtained from FEFC statistics / PONL estimates

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Market positionMarket position

Overall PONL market share: 5.6%

Marketshare

Ranking % of PONL'sthroughputs

Europe Asia (incMed) 8.2% 3 32%

Pacific 3.6% 13 14%

Atlantic (inc Med& NA-Middle East) 7.9% 5 13%

North South &Cross Trades 10-20% 2 41%

Worldwide Total 4 100%

The above figures are based on 2003 full year statistics and trade estimates.

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Industry positionIndustry position

0

200000

400000

600000

800000

1000000

1200000

1400000

Maersk

Sealan

dMSC

Everg

reen

PONL

CMA-CGM

APL

Hanjin

/ Sen

ator

NYK

COSCOCSCL

Teu

slot

cap

acity

current capacity on order

Data obtained from BRS Alphaliner - April 2004

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North America Intermodal North America Intermodal Growth P&ONLGrowth P&ONL

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

1997 1998 1999 2000 2001 2002 2003 2004

Rail Units

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Terminal DevelopmentsTerminal DevelopmentsWe have a number of terminals that are operational:

We are also evaluating terminal investments in Los Angeles, China and South Africa.

In addition we are involved with the following projects,currently under development:.

Deurganckdok, Antwerp, Belgium - first phase due to be operational mid 2005;

Euromax Rotterdam, The Netherlands - due to be operational end 2007.

Port Newark, New Jersey (PNCT) - 50 per cent shareholding;

Calgliari, Italy (CICT) - 25 per cent shareholding;

Colombo, Sri Lanka (SAGT) - 10 per cent shareholding.

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E-Partnerships / INTTRAE-Partnerships / INTTRAP&O Nedlloyd is a founder member of Inttra.com, the leading portal used in the container shipping industry. The following lists the carrier members:

P&O NedlloydMaersk-SealandCMA CGMMSCHamburg SudHapag LloydUnited Arab ShippingSafmarineNYK LineANLAliancaDALWAL

Carrier A Carrier DPONLCarrier B

Customer

Portal

P&ONL Logistics Logistics turnover in excess of $200 million

390 offices in 120 countries

480 logistics employees

Teams of dedicated logistics business developers

Specialisation in four areas of service

P&O Nedlloyd Logistics global presence

Cape Town

Santa Ana East Rutherford

Rotterdam London

Mumbai

Dubai

Singapore

Shanghai

Mombasa

Sydney

Sao Paulo

Santiago

Hong Kong

What are we doing now? Four services

Supply Chain SolutionsWarehousing & DistributionFreight Management ServicesProject Logistics

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Thank You!Thank You!