Press Release

TPG sells French non-core business

Publish Date : 5 June 2001 at 15:52 CET - TPG announced today that it has sold XP France SA to Caravelle SA

The activity of XP France is in a transport segment in France known as "messagerie", an activity which is not part of TPG's core businesses. The business is not consolidated in TPG's financial statements.

The impact of the sale of XP France on the financial results of TPG is not material.

Page publication date: 5 June 2001 at 15:52 CET