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CEVA Group Plc Reports Solid Progress

Proforma revenue growth of 9.4 %

HOOFDDORP, Netherlands, 21 August 2008 - CEVA Group Plc today announced its results for the second quarter of 2008. With total revenue of ? 1.7 billion for the quarter, both the Contract Logistics and the Freight Management operations continue to show increasing growth momentum. At 2007 exchange rates, revenue grew by 9.4 % over the same quarter of the previous year on a proforma basis1.

Table: Key Financials Q2 2008

Three months ended 30 June	2008	2007	Growth
Revenue	€ 1,595 m	€ 907 m	75.9 %
EBITDA before specific items	€ 89 m	€ 59 m	50.8 %
% Revenue	5.6 %	6.5 %

EBITDA excludes the impact of specific items which are significant non-recurring items such as restructuring and integration costs, rebranding and separation costs, costs related to the acquisition of EGL and certain legal expenses.

Table: Pro-forma Key Financials Q2 2008 (at 2007 constant exchange rates)

Three months ended 30 June	2008	2007	Growth
Revenue	€ 1,709 m	€ 1,562 m	9.4 %
EBITDA before specific items	€ 96 m	€ 93 m	3.2 %
% Revenue	5.6 %	6.0 %

The above table is based on Q2 2007 exchange rates, primarily including an adjustment to 2008 for the weakening of the US dollar and the British pound.

Commenting on the results, CEVA CEO John Pattullo said:
"Just 12 months after the acquisition of EGL, it is a pleasure to announce this solid set of results. They are a credit to the hard work of all our employees. In recent months we have realigned our organizational structure into four geographical regions in order to create a more customer focused and responsive structure. We have also developed a very clear set of strategies and plans to shape the future direction of CEVA. Our customers are reacting positively to these changes and we have experienced a number of significant wins during the quarter. Although trading conditions are challenging, we believe that CEVA's current momentum will allow sustained progress."

1 assuming the acquisition of EGL was on 1 January 2007

For more information contact:
Paula Satink
Paula.Satink@cevalogistics.com
+ 31 23 568 3492

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 Reports Solid Progress

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