PPA Adjustments to Existing Schedule of Tariffs Completed

Manila—(PHStocks)—International Container Terminal Services Inc. (ICTSI, PSE: ICT) was informed today by the Commercial Services Department, Philippine Ports Authority that adjustments to the existing schedule of Tariffs at Manila International Container Terminal (MICT) and South Harbor have been completed pursuant to PPA Memorandum Circular No. 14-2015 issued 26 November 2015.

The upward adjustment for Cost-Recovery of eight percent (8%) on Vessel (Stevedoring) and Cargo (Arrastre) Charges and other related handling charges for Foreign Containerized and Non-Containerized cargo at MICT and South Harbor was approved during the 10 November 2015 PPA Executive Committee and Regular Board meeting and shall take effect on 28 December 2015.