Press Release


TNT signs final agreement for acquisition Hoau Group

Publish Date : 29 September 2006 at 08:30 CET - Amsterdam/Shanghai, TNT today signed the Equity Transfer Agreement with Hoau Group in Shanghai, People's Republic of China, to acquire its nationwide road transport and freight business.

The signing of the agreement (comparable with a Sale and Purchase Agreement) follows the signing of a Letter of Intent, announced on 6 December 2005 and the Framework Agreement signed on 27 February 2006. Both parties expect to complete the transaction early 2007, subject to approval of the government of the People's Republic of China.

With over 1100 depots and 56 hubs in China, the acquisition of Hoau offers TNT comprehensive road coverage in China and is in line with TNT's strategic focus on integrated domestic and international networks.

About TNT N.V.
TNT N.V. provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network distribution infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs over 128,000 people. In the first half of 2006, TNT reported € 5.3 billion in revenues and 671 million EBIT from continuing operations. TNT N.V. is publicly listed on the stock exchanges of Amsterdam and New York. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environmental Programme to fight hunger and pollution in the world.

Page publication date: 29 September 2006 at 08:30 CET