Press Release

TNT reaches agreement to sell its mailroom and data capture activities in the Netherlands

Publish Date : 9 October 2006 at 08:30 CET - Amsterdam, TNT N.V. today announced that agreement has been reached to sell the business line Document Management (part of Cendris) in the Netherlands, to Spanish-based Service Point Solutions, S.A. (SPS) for an amount of € 27 million. SPS is a listed company specialising in reprographic solutions, document management and facility management. The company is headquartered in Barcelona.

The activities of the business line Document Management of Cendris consist of mailroom management, reprographics and scanning & capture services. The business activity includes is the on-site management of 150 large mailrooms and 48 reprographic centers for its customers. Document Management employs in total over 900 people and has annual revenues of around € 70 million.

As result of its strategic review, TNT has come to the conclusion that the business line Document Management is not core to TNT's focus strategy and no longer adds value to the other services of Cendris. As a result, Cendris will sharpen its focus on its other business lines.

Positive advice of the Cendris works council in connection with the sale has been obtained. Completion of the transaction is expected in the fourth quarter of 2006.

Cendris is part of TNT Post. After the sale of the business line Document Management, Cendris will remain to offer a complete portfolio of direct marketing services, print & fulfilment and call centre services to its customers. Cendris is the market leader for these services in The Netherlands.

Service Point Solutions
Service Point Solutions ( ) provides digital reprographics and document management services though its own network and facility management at its customer premises. It employs more than 1,300 people in 4 countries and has a total of 73 service centres in its international network, more than 640 Facility Management centres and OSS programs (on-site services). SPS is headquartered in Spain and is quoted on the Spanish stock market.

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. In the first half of 2006, TNT reported € 5.3 billion in revenues and € 671 million EBIT from continuing operations. TNT N.V. is publicly listed on the stock exchanges of Amsterdam and New York. 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: 9 October 2006 at 08:30 CET