TNT announced today it has completed a EUR 200 million share buyback and started on a further sharere-purchase worth EUR 100 million from a EUR 500 million share buyback programme announced on 30
July 2007.The EUR 200 million first tranche of the programme was started last November and wascompleted on 04 January 2008, TNT said in a statement. Starting January 7, TNT will engage in asecond EUR 100 million tranche, as announced on 06 December 2007. The overall EUR 500 million sharerepurchase programme is expected to be completed by mid-2008.
TNT said its issued share capital currently consists of 379,224,255 ordinary shares. Thisnumber includes the 7,185,694 shares repurchased as part of the first tranche, which TNT intends tocancel taking into account applicable regulations as stipulated by law and the articles ofassociation.
