IFM Investors and BCI to join Ontario Teachers’ as equity partners in GCT Global Container Terminals Inc.

VANCOUVER - Ontario Teachers' Pension Plan ("Ontario Teachers"), IFM Investors ("IFM") and British Columbia Investment Management Corporation ("BCI") announced that they have entered into a transaction whereby IFM and BCI will each join as equity partners in GCT Global Container Terminals Inc. ("GCT"), a leading container terminal operator in North America. Ontario Teachers' will continue to hold 37.5% of GCT, with IFM acquiring a 37.5% holding and BCI acquiring 25%. The transaction is subject to customary and required regulatory approvals and consents.

Headquartered in Vancouver, GCT operates four Green Marine certified terminals in two principal North American ports. Through GCT USA on the East Coast, the company operates two award-winning facilities: GCT New York on Staten Island, NY and GCT Bayonne in Bayonne, NJ. On the West Coast, GCT Canada operates two gateway terminals: GCT Vanterm and GCT Deltaport in Vancouver and Delta, BC. Visit www.globalterminals.com or follow @BigShipReady to find out more about GCT.