Press Release

Japan Post and TNT join forces

Publish Date : 31 October 2005 at 08:00 CET - Japan Post and TNT N.V. announce today that they will enter into a strategic co-operation, aimed at jointly realising a leading position in the Asia Pacific express and logistics market. The co-operation will build on the strengths of TNT's global network and Japan Post's strong domestic position and reputation.

The first steps of the co-operation include the launch of co-branded international premium express products to customers in Japan. These products will provide high quality service at competitive prices. For this purpose Japan Post and TNT will establish a joint venture. This JV is based on the current international express activities of TNT to and from Japan and Japan Post's domestic presence as well as its strong relationships with Japanese corporations. Starting from this joint effort, both parties aim to enlarge and strengthen this co-operation in the Asia Pacific region as a next step.

Furthermore TNT has started performing the linehaul and delivery for some of Japan Post's EMS volumes from Japan to several European destinations. A pilot has started in August this year, achieving successful results and high quality on time delivery performance. In terms of Logistics the co-operation initially focuses on developing business in Japan based on TNT's logistics skills and expertise and Japan Post's strong home market position and reputation.

Mr. Masaharu Ikuta, President of Japan Post: 'We believe this co-operation with TNT, one of the Big Four integrators dynamically expanding its activities around the world, forms a strong foothold for Japan Post's entering into full-fledged international business, coupled with the co-operation with ANA in the air cargo transportation field. Given this co-operation as a starting point, Japan Post will challenge the fast-growing Asia Pacific express and logistics market to jointly establish a foundation to become a reliable regional operator.'

Mr. Peter Bakker, CEO of TNT:”We are extremely proud to become Japan Post's international strategic partner. For TNT this co-operation is a breakthrough step in the development of our ambitious international strategy and growth ambitions in the Asia Pacific international Express and Logistics market. The co-operation between Japan Post and TNT creates the ideal mix of expertise, reputation and operational network to benefit from the future growth in the Asia Pacific market and offer premium services to our customers.'

A task force to further develop this strategic co-operation has been established. The bills related to the privatization of the postal services have been passed through the Diet on the 14th of October 2005.

With its two brands TNT and Royal TPG Post, TNT N.V. is a global provider of mail, express and logistics services. The group employs over 161,000 people in 63 countries and serves over 200 countries. For 2004 the company reported sales of € 12.6 billion. TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.

Page publication date: 31 October 2005 at 08:00 CET