TNT business update for first quarter 2008 presented at AGM

TNT N.V. announced that the Annual General Meeting of Shareholders (AGM) adopted the 2007 financial statements and determined the dividend over 2007 at EUR 5 per ordinary share, duly noting that EUR 0.30 per ordinary share has already been paid as an interim dividend. An amount of EUR 0.55 per ordinary share therefore remains as final dividend, which shall be made payable on 22 April 2008.
During the AGM the following announcements with regard to the Supervisory Board and the Board of Management were made:
• Mr. J.H.M. Hommen, chairman of the Supervisory Board of TNT, will step down as chairman later this year, but will stay on as a member of the Supervisory Board until the next AGM.
• Mr. R.W.H. Stomberg and Mr. R. Dahan will step down as members of the Supervisory Board as of close of AGM and 1 June respectively.
• Intention of re-appointment of Mr. M.P. Bakker as member and chairman of the Board of Management of TNT.
• Intention of re-appointment of Mrs. M.C. Lombard as member of the Board of Management of TNT.
The AGM extended the authority of the Board of Management to issue ordinary shares. This authority shall be limited to a maximum of 10 pct of the issued capital plus a further 10 pct of the issued capital in case an issue takes place in relation to a merger or an acquisition. The same applies to the authority of the Board of Management to limit or exclude the pre-emptive right to the issuance of ordinary shares.

TNT N.V. announced that the Annual General Meeting of Shareholders (AGM) adopted the 2007 financial statements and determined the dividend over 2007 at EUR 5 per ordinary share, duly noting that EUR 0.30 per ordinary share has already been paid as an interim dividend. An amount of EUR 0.55 per ordinary share therefore remains as final dividend, which shall be made payable on 22 April 2008.
During the AGM the following announcements with regard to the Supervisory Board and the Board of Management were made:
• Mr. J.H.M. Hommen, chairman of the Supervisory Board of TNT, will step down as chairman later this year, but will stay on as a member of the Supervisory Board until the next AGM.
• Mr. R.W.H. Stomberg and Mr. R. Dahan will step down as members of the Supervisory Board as of close of AGM and 1 June respectively.
• Intention of re-appointment of Mr. M.P. Bakker as member and chairman of the Board of Management of TNT.
• Intention of re-appointment of Mrs. M.C. Lombard as member of the Board of Management of TNT.
Furthermore the AGM adopted the following resolutions:
• Release from liability of members of the Board of Management and the Supervisory Board for their management and supervision respectively insofar as such management and supervision is apparent from the financial statements.
• Appointment of Mr. P.C. Klaver (the intended successor of Mr. Hommen in his capacity of chairman of the Supervisory Board) and Mr. G.J. Ruizendaal as new members of the Supervisory Board and re-appointment of Mr. R.J.N. Abrahamsen as member of the Supervisory Board.
• Extension of the designation of the Board of Management as authorised body to issue ordinary shares until 11 October 2009.
• Extension of the designation of the Board of Management as authorised body to limit or exclude the pre-emptive right to the issuance of ordinary shares until 11 October 2009.
• The authorisation of the Board of Management to acquire own shares to a maximum of 10 pct of the issued share capital until 11 October 2009.
• Reduction of the issued share capital by cancellation of 11,034,904 ordinary shares repurchased in the first and second tranches of the share buy-back program which was announced on 30 July 2007, increased with such number of ordinary shares which TNT N.V. otherwise has repurchased or will repurchase under this program.
The AGM extended the authority of the Board of Management to issue ordinary shares. This authority shall be limited to a maximum of 10 pct of the issued capital plus a further 10 pct of the issued capital in case an issue takes place in relation to a merger or an acquisition. The same applies to the authority of the Board of Management to limit or exclude the pre-emptive right to the issuance of ordinary shares.