TNT and Norbert Dentressangle announced today that they have signed an agreement for the sale ofthe 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, theClermont-Ferrand site of Nicolas and the shares of Les Routiers Francais and Barco. TNT brandingwill 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 thetransportation 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 ofthe French Logistics business unit is to be up to EURO 140 million pre-tax, and to be bookedlargely in 2005.
Neither the French Express business unit of TNT nor its French Freight Management business areinvolved or impacted by this deal.
