Kuehne + Nagel

Kuehne + Nagel listed Iranian companies Kala Navegan Shargh Co. Ltd. and Caspian Terminal Services Qeshm Co. Ltd. as significant subsidiaries and joint ventures in its 2012 Consolidated Financial Statements. (Kuehne + Nagel Website, “Significant Subsidiaries and Joint Ventures”). (https://www.kn-portal.com/fileadmin/user_upload/documents/about_us/Investor_Relations/documents/2012/annual_report/en/2012/consolidated-financial-statements-2012-of-the-kuehne-nagel-group/significant-subsidiaries-and-joint-ventures.html)

Kuehne + Nagel International AG (“Kuehne + Nagel”) participated in the February 20, 2017 Vereinigung der Bayerischen Wirtschaft e. V. (“vbw”) meeting with Iranian Foreign Minister Dr. Mohammed Javad Zarif and Ambassador S. E. Ali Majedi. Prospective engagement with the vbw Economic Liaison Office in Tehran, where the Tehran Chamber will serve as a local partner. Troublingly, the Tehran Chamber is affiliated with the Iran Development and Renovation Organisation (“IDRO”). (vbw Website, “Round Table mit dem iranischen Außenminister Dr. Zarif”). (https://www.vbw-bayern.de/vbw/ServiceCenter/Außenwirtschaft/Zugang-zu-ausgewählten-Auslandsmärkten/Round-Table-mit-dem-iranischen-Außenminister-Dr.-Sarif.jsp)

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Is represented in Tehran, Iran by Kala Navegan Shargh Co. Ltd and is represented in Bandar Abbas by Caspian Terminal Services Qeshm Co. Ltd. (https://www.kn-portal.com/fileadmin/user_upload/documents/about_us/Investor_Relations/documents/2012/annual_report/en/2012/consolidated-financial-statements-2012-of-the-kuehne-nagel-group/significant-subsidiaries-and-joint-ventures.html)