TNT Tintra Plc

RNS Number:0433G
TNT Post Groep NV
23 February 2000


TPG SELLS 50% STAKE IN AWAS

TNT Post Group N.V. (TPG) announced today it signed an agreement to sell its 50%
stake in Ansett Worldwide Aviation Services (AWAS) to MSDW Aircraft Holdings a
subsidiary of Morgan Stanley Dean Witter & Co..

The 50% stake in AWAS, headquartered in Sydney Australia, was acquired in
December 1996 by TPG as part of the TNT acquisition. From that time the
activities of AWAS, an aircraft leasing company, were identified as non-core
activities. This sale represents TPG's commitment to focus on its mail, express
and logistics business.

Upon closing, the sale of AWAS will leave TPG no further liabilities, contingent
or otherwise.

The final closing of the transaction which involves AWAS's joint shareholders,
TPG and News Corporation, is expected within a couple of months



TNT Post Group with its two brands TNT and Royal PTT Post, is a global provider
of mail, express and logistic services. It employs more than 100,000 people in
60 countries and serves over 200 countries. The company had sales of NLG 16.3
billion in 1998. TPG is publicly listed on the stock exchanges of Amsterdam, New
York, London and Frankfurt.

Note to the editor (not for publication)
For further information, please contact:
TPG
Debbie de Wagenaar
Director Press Office & Public Relations
Tel: No. + 31 20 5006171 or + 31 6 53418625
debbie.de.wagenaar@tntpost.com

END
MSCSEESWDSSSEIE

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