Following the announcement on 29 March 2006 that Associated British Ports Holdings PLC (ABPH) had received a non-binding proposal from a consortium comprising Borealis Infrastructure Management Inc. an investment vehicle directed by GIC Special Investments Pte Ltd and Goldman Sachs International (the 'Consortium'), ABPH has now announced that it has received a revised non-binding proposal at 810 pence in cash per ordinary share from the Consortium. The Board has agreed to grant the Consortium a limited period to undertake confirmatory due diligence. A further announcement will be made as and when appropriate.