Press Release


TNT completes sale of freight management business

Publish Date : 5 February 2007 at 14:00 CET - Amsterdam, TNT N.V. today announced that it has completed the sale of its freight management business unit to French logistics service provider GEODIS SA. The now completed sale to GEODIS was announced on 16 November 2006. The total transaction value is € 460 million on a cash and debt free basis. Taking into account various deal related costs and deductions, TNT expects net proceeds of approximately € 450 million. The book gain of the transaction is expected to be approximately € 190 million. Final amounts will be calculated on the basis of completion accounts. The results of the transaction will be accounted for in our Q1 profit for discontinued operations.

We confirm our intention, as stated at our Analysts' Meeting on 4 December 2006, to use most of the proceeds of the sale of the freight management business to make further share repurchases, subject to necessary approvals and any currently unforeseen circumstances.

About TNT
TNT 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 infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs around 127,000 people. In the first nine months of 2006, TNT reported € 7.3 billion in revenues and € 921 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: 5 February 2007 at 14:00 CET