Press Release

TNT announces exercise of option right by Italian joint-venture partner

Publish Date : 13 March 2006 at 08:45 CET - Amsterdam, TNT N.V. announces that the minority shareholder in its Italian joint venture TNT Arvil, Ecotras S.R.L. of Milan, has given notice of the exercise of its option.

Under this option Ecotras had the right to sell its 49% shareholding in TNT Arvil to TNT Logistics Holding Italy S.R.L.. After transfer of the shares TNT Logistics Holding Italy S.R.L. will hold all shares in TNT Arvil.

TNT N.V. 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 over 128,000 people (over 161,000 people including the division Logistics which is intended to be divested). For 2005 the company reported € 10.1 billion in revenues (€ 13.6 billion including Logistics). TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London, and Frankfurt. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environmental Programme to fight hunger and pollution in the world.

Page publication date: 13 March 2006 at 08:45 CET