Press Release

Announcement conversion rate pro forma interim dividend 2013

Publish Date : 20 August 2013 08:00 CET -

Amsterdam, The Netherlands

On 29 July 2013, TNT Express N.V. declared a pro forma interim dividend of € 0.022 per ordinary share. The dividend is payable, at the shareholder’s election, either wholly in ordinary shares or wholly in cash.

Shareholders who elected a dividend in shares will receive one new TNT Express N.V. ordinary share for every 292 dividend rights. This represents a value of € 0.0227 per dividend right which is 3.27% above the value of the cash dividend. The conversion rate has been based on the volume-weighted average share price of € 6.6340 for all TNT Express N.V. shares traded on NYSE Euronext by Euronext Amsterdam over a three trading day period from 15 August up to and including 19 August 2013.

37% of the outstanding capital has elected for dividend to be paid in shares, which results in approximately 696,000 new ordinary shares being issued as stock dividend. To the extent that the dividend is paid in shares, it will be paid free of withholding tax and it will be sourced from the additional paid-in capital that is recognised for Dutch dividend withholding tax purposes. The cash dividend will be paid out of the remaining additional paid-in capital.

The dividend will be payable as from 22 August 2013.

About TNT Express

TNT Express is one of the world’s largest express delivery companies. On a daily basis, TNT Express delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT Express made €7.3 billion in revenue in 2012.



Michiel van der Harst

Phone  +31 (0)88 393 9500

Cyrille Gibot
Phone +31 (0)88 393 9390

Page publication date: 20 August 2013 8:00 CET