FINANCIAL RESULTS FOR FY2022 2ND QUARTER

The global economy continues to come under pressure from high energy costs, rising interest rates and inflation. Whilst supply chain bottlenecks continue to impact some geographies and industry sectors. Overall though, inland and port logistics fluidity continues to improve. At ONE, we continue to enhance our end to end customer journey, decarbonize our supply chain and reconnect face to face with our staff, customers and business partners as Covid 19 travel restrictions roll back.

Thank you for your continued support and for choosing Ocean Network Express (ONE) to cater to
your needs.

<Week of 17 October 2022, Singapore> Ocean Network Express (ONE) will expand the Freedays + D&D feature to Phase 4 countries in South Asia, which will be accessible directly via our Mobile App homepage.

Ocean Network Express (ONE) is pleased to announce the launch of the enhanced new ONE QUOTE, allowing for a seamless customer experience
when using ONE’s eCommerce website.

Ocean Network Express (“ONE”), together with partners the Consortium, have jointly proposed to acquire all the outstanding common shares of Atlas Corp(NYSE:ATCO) on Aug 4th. The consortium believes it has made meaningful progress in its discussions with the Special Committee of the Board of Directors of Atlas as announced by Poseidon Acquisition Corp, who is acting on behalf of the consortium.

For more information, please refer here.

The Government of Pakistan, Ministry of Commerce issued Office Memorandum in
connection with SRO 1562(I)/2022 dated 19th August, 2022, whereby the prohibition
(ban)/complete quantities restrictions imposed on the import of certain categories of
goods, vide SRO 598(I)/2022 dated 19th May, 2022, was withdrawn with immediate
effect.

We are pleased to announce the latest addition to LiveChat facilities for “Import Free days and Detention”.

Earlier this month, Ocean Network Express welcomed 4 interns from Kobe University, Japan. This is the first time ONE has accepted Japanese university students for a weeklong internship program.