TNT Logistics awarded ‘Best 3PL in Italy 2004’

TNT Logistics announced today that it has been awarded ‘Best 3PL-service
provider in Italy’ by the Global Institute of Logistics, a global forum for the 3rd
Party Logistics (3PL) industry. TNT Logistics was the unanimous choice of
the Institute’s Awards Committee, following a detailed research and selection
process into the 7 leading providers of supply chain and 3PL- services in Italy,
also performed by the Global Institute of Logistics.

The Institute’s awards are to honour those 3PLs that have helped clients save
money and sell more. According to the Global Institute of Logistics, it is on
that basis that award winners can be regarded as the best in the business.

The comprehensive study draws for a significant part on a quality ranking
system based on responses provided by relevant customers. According to the
Institute’s findings TNT Logistics’ customers speak of a company that
is ‘customer focussed, easy to work with and sensitive to clients’ needs’.
Kieran Ring, CEO of the Global Institute of Logistics, comments: “The quality
of feedback that the Institute Researchers received when speaking with TNT
Logistics clients in Italy made a compelling case for our decision. Each TNT
Logistics client spoke of the spirit of co-operation and integration intrinsic to
their relationship with TNT Logistics in Italy.”

Responding to today’s announcement, Mr. Gianfranco Sgro, TNT Logistics
Italy Managing Director, says: “We are honoured to receive the ‘Best 3PL in
Region Award’. As TNT Logistics aims to provide operational excellence to
increase service levels and visibility and reduce costs, lead times or time to
market, this award represents a wide recognition by our customers of the
various aspects of TNT Logistics’ quality approach.”

The review and selection of TNT Logistics as ‘Best 3PL in Italy 2004’ is part of
the Institute’s series of ‘Best 3PL in Region Awards’, for which research has
been carried out in the Logistics sector in European countries. With the
application of the awards, the Institute aims to promote the science of
logistics as a discipline that cuts costs, raises sales, creates jobs and
generates profits.

About the Global Institute of Logistics
The Global Institute of Logistics is the global forum for the 3rd Party Logistics
(3PL) industry. The forum serves its members by providing the platform for
discussion and debate on the issues affecting the third party logistics
industry, both regionally and globally.

The Institute promotes third party logistics to end-users through its circulation
of regional and global reports. Its reports examine the changing face of the
logistics industry and include profiles on leading regional 3PL's. These profiles
are supported by case studies demonstrating logistics in action and
illustrating the cost-cutting, sales-building achievements of the world's best
3PL's. The website of the Global Institute of Logistics is: www.globeinst.org.

About TNT Logistics
TNT Logistics in Italy is a leading provider of logistics solutions. TNT Logistics
designs, implements and operates complex supply chain solutions and has
operated in Italy since 1994.

The company offers a mix of dedicated distribution services with shared user
networks in Italy where it focuses on the automotive sector, where it is the
market leader, and it has been growing its operations in the consumer goods
and high tech sectors.

TNT Logistics is in Italy also a major player in the spare parts aftermarket
supplying both vehicle manufacturers and first tier suppliers. They provide
customers with inbound and outbound logistics services, finished goods
distribution, spare parts logistics and reverse logistics. The Italian TNT
Logistics website is: www.tntlogistics.it.

TNT Logistics in Italy is a business unit of TNT Logistics, which employs more
than 37,000 people, who are operating in 36 countries, managing over 7.1
million square metres of warehouse space. In 2003, TNT Logistics reported
sales of €3.735 billion. The TNT Logistics web site address is:
www.tntlogistics.com.

For more information
Hester Dijk, TNT Logistics Headoffice, Corporate Communications
Tel. +31 20 500 6434, e-mail [email protected]