Press Release

TNT and Norbert Dentressangle conclude deal for the majority of TNT Logistics France's logistics and part of its transport business

Publish Date : 1 December 2005 at 08:00 CET - Amsterdam, TNT and Norbert Dentressangle announced today that they have signed an agreement for the sale of the majority of the contract logistics activities and part of the transportation activities of its French subsidiary TNT Logistics Holdings SAS. This sale is effective from today.

This sale includes in particular the businesses of Aixor, Cemga, Copal, Nord Mendy, the Clermont-Ferrand site of Nicolas and the shares of Les Routiers Francais and Barco. TNT branding will be removed progressively from the facilities before October 31st 2006.

As announced on October 18th, offers have been received for most of the remainder of the transportation business of the TNT French Logistics business unit and discussions are continuing. As previously disclosed, the expected negative financial impact relating to the sale and refocus of the French Logistics business unit is to be up to EURO 140 million pre-tax, and to be booked largely in 2005.

Neither the French Express business unit of TNT nor its French Freight Management business are involved or impacted by this deal.

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: 1 December 2005 at 08:00 CET