February 13, 2009 — APL LTD.

APL LTD has agreed to pay $26.3 Million to settle a qui tam claim filed against it by one of its employees, Jerry H. Brown II.

The allegations of the case were that APL billed the government in excess of the rates it was permitted to charge in connection with maintaining refrigerated containers for the government, and that APL also billed the government for additional services for which it was not permitted to bill.

As a reward for having filed his qui tam claim, Mr. Brown will receive over $5 Million.

See U.S. Dept of Justice Press Release 2/13/09

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