Press Release


TNT announces start of last tranche under its € up to 500 million share buyback program

Publish Date : 28 April 2008 at 08:15 CET - Amsterdam, Today TNT announced the start of its third and last tranche under the €500 million share buyback program on 29 April 2008. This last tranche amounts up to €200 million.

TNT announced the €500 million share buyback program on 30 July 2007: on 4 January the first tranche of €200 million and on 15 February the second tranche of €100 million were completed.

TNT's issued share capital currently consists of 379,224,255 ordinary shares. This number still includes the 11,034,904 shares repurchased as part of the above-mentioned tranches. These shares are cancelled following the decision of TNT's AGM on 11 April 2008 once all necessary formalities have been fulfilled. TNT intends to cancel the shares to be acquired under this last tranche taking into account applicable regulations as stipulated by law and the articles of association.

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 161,500 people. Over 2007, TNT reported €11 billion in revenues and an operating income of €1,192million. TNT is publicly listed on the stock exchange of Amsterdam. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world.

Page publication date: 28 April 2008 at 08:15 CET