Press Release

Announcement conversion rate interim dividend 2009

Publish Date : 17 August 2009 at 08:30 CET - Amsterdam, On 27 July 2009 TNT N.V. declared an interim dividend of € 0.18 per share, that is payable, at the shareholder's election, either wholly in ordinary shares or wholly in cash.

Shareholders who elected an interim dividend in shares will receive one new TNT N.V. ordinary share for every 91 dividend rights. This stock dividend right represents a value of € 0.1869 which is 3.82% above the value of the cash dividend. The conversion rate has been based on the volume-weighted average share price of € 17.0062 for all TNT N.V. shares traded on Euronext Amsterdam over the three trading day period from 12 up to and including 14 August 2009.

Over 49% of outstanding capital has elected for dividend to be paid in stock, which results in approximately 1,992,500 new ordinary shares being issued as stock dividend. The stock dividend will be paid out of additional paid in capital as part of the distributable reserves, free of withholding tax in the Netherlands.

The dividend will be payable as from 19 August 2009.

About TNT
TNT 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 maximise its network performance. TNT serves more than 200 countries and employs more than 163,000 people. Over 2008, TNT reported €11.1 billion in revenues and an operating income of €982 million. TNT is officially quoted on the Amsterdam Stock Exchange. TNT recognises its social responsibility and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised; in 2008 TNT again reached the highest score of all companies included in the Dow Jones Sustainability Index and in the Carbon Disclosure Project in the carbon intensive sector.

Page publication date: 17 August 2009 at 08:30 CET