ONE社 Consortium’s Proposal to Acquire Atlas Corp. Shares

「OCEAN NETWORK EXPRESS PTE. LTD., an equity-method investee of the company (hereinafter, “ONE”), formed a consortium with 3 major shareholders of Atlas Corp. (listed on the New York Stock Exchange: ATCO; hereinafter, “Atlas”) on 4 August 2022 U.S. time (5 August 2022 Japan time), and jointly proposed to Atlas the acquisition of its issued common shares held by shareholders other than the 3 major shareholders. The 3 major shareholders own approximately 68% of Atlas’s common shares on a fully diluted basis and plan to continue owning Atlas shares through the consortium.」