TNT and the State of the Netherlands have reached agreement on the transfer of the Special Share

TNT and the State of the Netherlands have reached agreement on the transfer of the Special Share following the ruling by the European Court of Justice on 28 September 2006 that the Special Share contradicts EU law.

The State will transfer the Special Share to TNT for free and both parties have agreed to terminate the special control rights and the other arrangements that are related to the States shareholding in TNT. On its next Annual General Meeting of Shareholders TNT will propose to cancel the Special Share and have its articles of association changed accordingly. Until such date TNT has agreed to neither exercise the rights attached to the Special Share nor sell the Special Share.