A.P. MOLLER HOLDING - ANNUAL REPORT 2018

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A.P. MØLLER HOLDING A/S ANNUAL ANNUALREPORT REPORT 2018 2018 MANAGEMENT 0BMANAGEMENT REVIEW REVIEW

A.P. MOLLER CAPITAL A.P. Moller Capital successfully closed their “Africa Infrastructure Fund I” with total commitment of USD 1bn.

A.P. Moller Capital was established in 2017 with A.P. Moller Holding as the largest shareholder with the purpose of managing stand-alone capital funds. A.P. Moller Capital is headquartered in Denmark and is regulated by the Danish Financial Supervisory Authority (FSA). In August 2018, A.P. Moller Capital reached financial close of its first fund, The Africa Infrastructure Fund I (AIF I), with a total commitment of USD 982m. The fund aims to build/acquire and operate infrastructure opportunities in Africa, targeting projects within transportation and energy such as rail, roads, ports and warehousing as well as power plants, transmission, pipelines and distribution.

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