Press Release

TNT Post Group - The first mail company with an independent stock market listing

Publish Date : 25 June 1998 at 11:40 CET - Largest admission to listing in the Netherlands - a reality as of 29 June On Monday 29 June next at 9.30 a.m., Mr Ad Scheepbouwer, Chief Executive Officer of TPG, will open trading on the Amsterdam Stock Exchange by sounding the stock exchange gong. The gong stroke will mark the flotation of TNT Post Group and the company's listing in the AEX index.

On the same day, TNT Post Group will also be listed for the first time on the stock exchanges of New York, London and Frankfurt. Mr Scheepbouwer will close trading on the New York stock exchange (NYSE), once again by sounding a gong, at 4.00 p.m. local time.

On 28 June, all mail, express and logistics operations will officially demerge from Royal PTT Nederland N.V. (KPN) to TNT Post Group N.V. KPN shareholders will automatically receive an additional share in TNT Post Group N.V. for each KPN share. In total, there are some 475 million TNT Post Group N.V. shares with a nominal value of NLG 1.00. Approximately 44 percent of these shares will be held by the Dutch Government. Trade in options on TNT Post Group N.V. shares is also expected to commence on the AEX on 29 June.

The acquisition of the Australian company TNT Ltd, and the international express distribution company GD Express Worldwide, resulted at the end of 1996 in a multinational company with two brand names (PTT Post and TNT) which immediately became one of the four global players in mail, express distribution and logistics services. TNT Post Group is the result of the company‘s strategy to actively focus on international growth markets, while maintaining a strong base in the Netherlands. In 1996, growth markets accounted for 44 percent of TPG revenue, and this rose strongly to 77 percent in 1997. Sixty percent of TNT Post Group revenue is now generated outside the Netherlands.

Page publication date: 25 June 1998 at 11:40 CET