TNT and the French cargo transport operator Malherbe announced today that they have signed anagreement for the sale of the remaining activities of Logistiques Nicolas, part of the activities
of TNT’s French subsidiary TNT Logistics Holdings SAS. This is the latest transaction in the saleof TNT’s French transport and logistics activities.This deal, together with the transactions announced on 1st December 2005 and 2nd January 2006,represent approximately 95 per cent of the TNT Logistics France business unit, TNT said. TNTannounced on January 2 that it was selling Logistiques Ladoux to Malherbe. On December 1, TNT saidit was selling the bulk of its French contract logistics business and most of its French transportactivities to Norbert Dentressangle.
TNT said that, as previously disclosed, the expected negative financial impact relating to thesale and refocus of the French Logistics business unit is to be up to 140 million euros pre-tax,and to be booked largely in 2005.
Neither the French Express business unit of TNT nor its French Freight Management business areinvolved or impacted by this deal.
