TNT Tintra Plc

RNS Number:0875H
TNT Post Groep NV
18 July 2001


CAT BECOMES AN INDEPENDENT PLAYER ON THE
LOGISTICS MARKET

The Albateam consortium has completed the acquisition of CAT (Compagnie
d'Affretement et de Transport) from Renault, having received clearance from the
European Commission. CAT is an important logistics group specialised in the
distribution of vehicles, manufactured goods and spare parts. The company has
offices in 14 countries and a turnover of EUR 1.2 billion (2000).

By creating an independent CAT with strong, global and well-reputed owners,
Albateam will give CAT the opportunity to meet the changing needs of the global
automotive sector. CAT will be able to extend its customer base, improve and
develop its customer service and expand on a global basis.

"We see great possibilities for the further development and growth of CAT", says
John Merry, new President of CAT and also President of Albateam.

The global automotive industry is experiencing fundamental changes. These
changes are driven by more demanding global logistics requirements, increasing
customer sophistication and changing buying behaviour. The growth of the
Internet is also forcing manufacturers to look at the need to develop
alternative sales channels. In response to these changes, manufacturers are
redefining their outbound logistics activities and specifically looking to work
with logistics specialists to improve efficiencies and cut costs.

The Albateam acquisition also gives CAT the possibilities to better serve its
key client and previous owner, Renault.

Albateam consists of four partners: vehicle transportation and technical
services specialist AutoLogic (40%), global provider of express, logistics and
mail services TPG (20%), specialised vehicle carrier Wallenius Lines with
extensive logistics activities (20%) and Renault who will retain a 20% holding.

Albateam took the management control of the company as from July 17th.

Global Automotive Logistics SAS is the legal entity of Albateam.

CAT
CAT (Compagnie d'Affretement et de Transport) has around 2 500 employees,
two-thirds of whom are in France. Its business is divided between new vehicle
logistics (which accounts for 64% of the turnover) and general cargo and
international business (36%). CAT is solidly established in Europe, as well as
in Latin America (Brazil, Mexico and Argentina).

AutoLogic
AutoLogic offers a full range of vehicle preparation, distribution and
transaction management services to the automotive industry and has operations in
the UK, France, Belgium and Holland. With a turnover of EUR 334 million, the
Group has excelled at providing economic, efficient transportation and other
related services to the automotive industry.

TPG
TPG, with its two brands TNT and Royal PTT Post, is a global provider of mail,
express and logistics services. It employs approximately 130,000 people in 58
countries and serves over 200 countries. The company reported sales of EUR 9.9
billion in 2000. TPG is publicly listed on the stock exchanges of Amsterdam, New
York, London and Frankfurt.

TNT Logistics is a division of TPG, employing more than 27,000 people who
operate in 26 countries managing 4.5 million square metres of warehouse space.
In 2000, TNT logistics reported sales of EUR 2.2 billion.

Wallenius Lines
Wallenius Lines is a Swedish shipping line specialized in ocean transportation
of vehicles and logistics services. The Wallenius Group operates through its two
major Joint venture shipping companies, in short sea with UECC and in deep sea
with Wallenius Wilhelmsen. UECC operates 25 vessels and Wallenius Wilhelmsen
operates around 65 Pure Car Truck Carriers, ConRo- and RoRo-vessels. In
addition, Wallenius Wilhelmsen provides the automotive industry with inland
distribution and other land based services. The Wallenius Lines Group, including
its joint ventures, has around 5,000 employees in more than 100 offices in 60
countries. The turnover is approximately EUR 2 billion.

Renault
The Renault Group is one of the world leaders in its core business of vehicle
manufacturing. Renault is a significant, well established manufacturer of
passenger and light commercial vehicles in Western Europe. Following its
acquisition of an equity stake in Nissan, the Renault Group now ranks among the
six world leaders in the automobile industry. In addition, with its acquisition
of two new brands, Dacia and Samsung, Renault has strengthened its potential for
penetrating new markets. In 2000, Renault posted a net profit of EUR 1.1
billion. on revenue of EUR 40.1 billion.

Note to the editor (not for publication)
Albateam press contacts:
Russell Jones, Garnett Keeler Marketing Communications
Telephone: +44 (0) 20 8399 1184. Fax: +44 (0) 20 8390 7465
Email: rj@garnett-keeler.com or albateam@garnett-keeler.com

Christoph Seidel, PR-Gaggenau-PR
Telephone; +49 (0) 72 24 - 99 00 31, Fax: +49 (0) 72 24 - 99 00 32
E-Mail: cs@seidel-pr.de

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