Hoofddorp, The Netherlands

XHD Express today presents the details of its updated strategy, called ¡°Deliver!¡±, to improve profitability between now and 2015.

Faced with challenging trading conditions and continuing price pressure, XHD Express will carry out an extensive set of measures to better leverage its unique competitive position, particularly in Europe, and operate its business more efficiently. The strategy is built around four priorities:

(1) Reshaping the portfolio through the sale of China and Brazil Domestic and reducing exposure to fixed intercontinental air capacity
(2) Focusing on XHD Express¡¯ distinctive service proposition and increasing growth in its most profitable segments
(3) Enhancing execution through a leaner organisation and cost efficiencies generating improvements of €220m by 2015
(4) Investing in infrastructure and in business supporting and customer IT