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CEVA Group Plc to Announce Full Quarter Three Results on 19 November; Management Provides Preliminary Estimate of Results

London, UK – 15 October 2009 – CEVA Group Plc announces that its Quarter Three Results for 2009 will be communicated to the market on 19 November 2009.

Ahead of the Quarter Three results, CEVA is advising that the business has seen the market continue along a similar trend in all markets as witnessed in Quarter Two 2009. Based on these current trends, CEVA currently expects Quarter Three 2009 revenue will be in the range of €1.3 - €1.4 billion and EBITDA before specific items to be between €66 million to €70 million (compared to Quarter Two 2009 revenues and EBITDA before specific items of €1.3bn billion and €69 million, respectively).

On 6 October 2009, CEVA successfully completed a private placement offering of $210 million of its new 11-5/8% senior secured notes due 2016. CEVA received net proceeds of approximately $196 million from the offering of the new notes and intends to use such net proceeds for general corporate purposes. The new notes are secured by a lien on the collateral that is junior to the lien securing CEVA's credit facilities and senior to the lien securing CEVA's existing second-priority senior secured notes.

For more information please contact:
Rebecca Salt - CEVA Group Marketing & Communications
+44 (0)20 8755 5021
Rebecca.salt@cevalogistics.com

CEVA Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn. For more information, please visit www.cevalogistics.com

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

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CEVA Group Plc to Announce Full Quarter Three Results on 19 November; Management Provides Preliminary Estimate of Results

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