Zim Integrated Shipping Services Ltd

Shareholders of ZIM Integrated Shipping Services Ltd

Share capital consists of a single class of ordinary shares of no par value, all carrying the same voting rights, plus one Special State Share held by the State of Israel. There were 120,465,908 ordinary shares in issue at 31 December 2025 and at 1 March 2026.

In its Form 20-F for the year ended 31 December 2025, filed with the SEC on 9 March 2026, ZIM states that as of 1 March 2026 no person or entity known to it owned or beneficially owned 5 per cent or more of its outstanding ordinary shares. The same filing records 9 holders of record in the United States holding approximately 99.9 per cent of the shares, which reflects custodial nominee holding through the U.S. clearing system rather than beneficial ownership.

Substantial holdings reported to the SEC, each stated as at the date of the filing concerned:

• Kenon Holdings Ltd (Singapore) — 26.0 per cent, Schedule 13G filed 24 January 2022 (event date 31 December 2021); 20.7 per cent, Schedule 13G filed 25 January 2023; 16.5 per cent, Schedule 13G/A filed 1 October 2024 (event date 30 September 2024). The Form 20-F records that on 26 December 2024 Kenon announced that it had sold all of its holdings of ZIM ordinary shares and ceased to be a controlling shareholder for the purposes of the company’s related-party procedure.
• Danaos Corporation, with Danaos Management Pte. Ltd and Danaos Management Support Pte. Ltd — 6.1 per cent, Schedule 13G filed 11 January 2022 (event date 31 December 2021); reduced to 0 per cent, Schedule 13G/A filed 11 January 2023 (event date 31 December 2022).
• Jane Street Group, LLC, with Jane Street Capital, LLC, Jane Street Global Trading, LLC and Jane Street Options, LLC — 5.3 per cent, Schedule 13G filed 14 November 2024 (event date 30 September 2024), made under Rule 13d-1(b) with the reporting persons typed as holding company and broker-dealer. This is a trading and market-making aggregate and does not indicate control.

No Schedule 13D has been filed in respect of ZIM.

Ultimate beneficial ownership

On the filings above there is no controlling shareholder and no ultimate beneficial owner at the 25 per cent threshold used in most KYB frameworks. Since Kenon Holdings Ltd disposed of its stake in December 2024 the register has been widely held; the Form 20-F states that the company is not a party to, and is not aware of, any voting agreement among its shareholders.

Control nevertheless does not rest on percentages alone. The State of Israel holds one Special State Share (מניית מדינה מיוחדת), issued when the State sold 100 per cent of its interest in the company to Israel Corporation Ltd in 2004 and amended in the 2014 debt restructuring. Per the Form 20-F for 2025, it carries no voting or equity rights, but it requires that: the company be at all times incorporated and registered in Israel with its headquarters and registered office in Israel; that it maintain a minimal fleet of 11 seaworthy wholly owned vessels, at least three able to carry general cargo, so that the State can access a minimal fleet in an emergency or for national security purposes; that a majority of the board, including the chairperson and the chief executive officer, be Israeli citizens; that the State give prior written consent to any holding, transfer or issuance of shares conferring 35 per cent or more of issued share capital or conferring control, including through a voting agreement; that transfers taking a holder above 24 per cent but not above 35 per cent be notified in advance to the State, which may object within 30 days; that the State consent in writing to any winding-up, merger or spin-off, subject to limited exceptions; and that any amendment or cancellation of these rights be approved in writing by the State. The instrument therefore operates as a standing foreign-ownership and national-security control over ZIM that no shareholding percentage discloses.

The pending merger with Hapag-Lloyd AG, announced on 16 February 2026, is conditional among other things on approval by the State of Israel under the Special State Share and on an irrevocable release from, or assumption of, that instrument. If completed, Hapag-Lloyd AG would become ZIM’s sole shareholder.

Data availability

The structured record behind this page carried only three shareholder rows: UBS Group AG at 10.02 per cent (3,432,147 shares), Schwab Fundamental International Equity ETF at 2.90 per cent and Avantis International Equity ETF at 1.24 per cent. That is not the ownership of this company. A double-digit position attributed to a bank is characteristic of a custodial, nominee or brokerage aggregate reported on a Schedule 13G, not of beneficial control, and no Schedule 13D or 13G in ZIM’s SEC file shows UBS Group AG at that level; the issuer itself states that no holder reached 5 per cent as of 1 March 2026. The two exchange-traded funds are index vehicles holding small positions. The record also omitted the State of Israel’s Special State Share entirely, which is the single most material ownership fact about this company. Percentages for individual passive fund holders change continuously and are not restated here.

Directors and officers of ZIM Integrated Shipping Services Ltd

The following is taken from the Form 20-F for the year ended 31 December 2025, filed 9 March 2026. Under the Israeli Companies Law and the company’s articles the board must consist of between seven and eleven directors; it currently consists of ten. Each director holds office until the next annual general meeting. Nine of the ten directors are independent under New York Stock Exchange rules; Birger Johannes Meyer-Gloeckner is expressly stated not to be independent.

Board of directors

• Yair Seroussi — Chairman of the Board, in office since October 2020. Independent. Determined by the board to have accounting and financial expertise. Member of the compensation committee.
• Yoram Turbowicz — Director since 19 November 2025. Independent.
• Liat Tennenholtz — Director since May 2021. Independent; accounting and financial expertise. Member of the audit and compensation committees.
• Nir Epstein — Director for a short period from July 2014 and again since 2018. Independent; accounting and financial expertise. Member of the audit committee.
• Anita Odedra — Director since October 2023. Independent; accounting and financial expertise. Member of the audit and compensation committees.
• Birger Johannes Meyer-Gloeckner — Director since July 2014. Not independent. He is Managing Director of CONTI HOLDING GmbH & Co. KG, and ZIM charters vessels from corporations affiliated with the Conti Group; the Form 20-F reports charter payments to Conti-affiliated corporations of USD 24.7 million in 2025, USD 49.7 million in 2024 and USD 46.9 million in 2023, approved as non-extraordinary transactions.
• Yair Avidan — Director since 19 November 2025. Independent. Member of the audit committee.
• William (Bill) Shaul — Director since May 2021. Independent; accounting and financial expertise. Member of the audit and compensation committees.
• Ran Gritzerstein — Director since January 2026. Independent. Member of the compensation committee.
• Ron Hadassi — Director since January 2026. Independent. Member of the audit committee.

The Form 20-F does not record any director as having been nominated by, or as holding office at the instance of, a substantial shareholder, and the company states that it is not aware of any voting agreement among shareholders. No director holds office under the Special State Share: that instrument gives the State of Israel no right to appoint a director, but it does require that a majority of the board, including the chairperson and the chief executive officer, be Israeli citizens. Nationality is stated here only as that filed requirement; the nationality of individual directors is not disclosed in the filing and is recorded as Not disclosed.

Executive officers (appointed by, and serving at the discretion of, management and the board; these persons are not directors)

• Eli Glickman — Chief Executive Officer and President since July 2017. He is reported in the Form 20-F as beneficially owning 1,613,189 ordinary shares, or 1.3 per cent, as of 1 March 2026.
• Xavier Destriau — Chief Financial Officer since June 2018.
• Noam Nativ — EVP General Counsel and Company Secretary since May 2018.
• David Arbel — EVP Chief Operations Officer since July 2015.
• Arik Elimelech — EVP Human Resources and Organization since September 2024.
• Eyal Ben-Amram — EVP Chief Information Officer since July 2015.
• Saar Dotan — EVP Countries and Business Development since September 2018.
• Assaf Tiran — EVP Cross Suez and Atlantic Business Unit since August 2022.
• Hani Kalinski — EVP Pacific Business Unit since September 2022.
• Nissim Yochai — EVP Latin America Business Unit and President of ZIM USA since October 2022.
• Abdallah Metanes — VP Intra-Asia Trade Business Unit since September 2023.

Recent officer changes

• 5 December 2024 — Barak Cohen resigned as a member of the Board of Directors.
• 19 November 2025 — Yoram Turbowicz and Yair Avidan appointed as directors.
• January 2026 — Ran Gritzerstein and Ron Hadassi appointed as directors.

Data availability

The structured record behind this page listed twelve officer rows consisting entirely of executive management — Eliyahu Glickman as President and CEO, Xavier Destriau as EVP and CFO, Eyal Ben-Amram as EVP and CIO, David Alteras Arbel as EVP and COO, Nissim Yochai as EVP ZIM USA and others — and contained no directors at all. The board set out above appears nowhere in that record, which means the record gave no sight of the persons who actually direct the company. The record also carried birth years for several individuals. Dates of birth and national identification numbers are not published on this page. The officers named in the record match the 20-F as to role, with the company’s own filing using the forms Eli Glickman and David Arbel.

Group structure of ZIM Integrated Shipping Services Ltd

ZIM Integrated Shipping Services Ltd is the group parent. As of 1 March 2026 the company reports no holder of 5 per cent or more of its ordinary shares, so there is no intermediate or ultimate parent entity above it. Kenon Holdings Ltd (Singapore), which had held 20.7 per cent at 31 December 2023, announced on 26 December 2024 that it had sold its entire holding. If the merger agreed with Hapag-Lloyd AG on 16 February 2026 completes, ZIM will survive as a wholly owned subsidiary of Hapag-Lloyd AG; that transaction had not completed at the date of the 2025 Form 20-F and remains subject to shareholder, regulatory and Special State Share approvals.

Exhibit 8.1 to the Form 20-F for the year ended 31 December 2025 lists 152 subsidiaries and entities in which the company has ownership rights, stated as at 31 December 2025. The exhibit gives jurisdictions only and does not state ownership percentages. Only one entity, Gold Star Line Ltd. (Hong Kong), is marked as a wholly owned “significant subsidiary” within Rule 1-02 of Regulation S-X. Seven entities are marked as held in trust for the benefit of the registrant, with the registrant having the right to acquire 100 per cent of their equity at its discretion. The table below covers the entities named in the group tree carried on this page; the percentages are therefore recorded as not stated by the issuer rather than invented.

Other entities in the same exhibit that indicate the shape of the group include ZIM Singapore PTE Ltd., ZIM Japan Ltd., ZIM Korea Ltd., ZIM Do Brasil Ltda., ZIM France SAS, ZIM Italia S.r.l.u., ZIM Netherlands B.V., ZIM UK Ltd., ZIM Panama S.A and a large number of Liberian vessel-owning and chartering companies and limited partnerships (for example ZIM Asia Limited and ZIM Asia LP), which carry the owned tonnage and charter structures rather than trading operations.

Data availability

The group tree carried on this page holds 43 nodes, all placed beneath the company. Against Exhibit 8.1 to the 2025 Form 20-F that tree is materially incomplete: the issuer itself lists 152 entities. The entities checked individually against the exhibit are those in the table above; all were found except Woosung Maritime, which does not appear under that name, and the Spain representative office, which is not a company. The remaining nodes of the on-file tree and the other 130 or so entities in the exhibit were not verified individually in this review.

No ownership percentage in this group structure comes from ZIM. Exhibit 8.1 discloses jurisdiction only, and identifies exactly one wholly owned significant subsidiary, Gold Star Line Ltd. (Hong Kong), plus seven entities held in trust for the registrant with a right to acquire 100 per cent. Any percentage attached elsewhere to these entities should be treated as unsourced. The two UK registration numbers shown are carried from the source record and were not checked against Companies House here. The underlying record’s gd_source_name field is empty, so the provenance of the group tree and of the registry data on this page is not stated; no gd_ field has been altered.