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CEVA Logistics is awarded with Zero Hora contract in Brazil

The new customer in the publishing & media sector is expected to boost the growth in this area

DIADEMA, São Paulo, Brazil, July 3rd, 2008 - Aiming at replicating in Brazil one of its main expertise in Europe, the Contract Logistics division of CEVA Logistics - one of the leading supply chain companies in the world - announces it was awarded a new publishing & media sector contract. The operations for Zero Hora daily - the main newspaper in the Southern region of Brazil with approximately 180.000 papers distributed every day - covers the whole of Rio Grande do Sul state.

CEVA is responsible for the distribution starting at the graphic parks of Porto Alegre and Cruz Alta to distributors located in urban routes and the countryside. The fleet at Zero Hora's disposal mounts to 40 vehicles, which will be monitored through satellites. This will enable the customer to keep track of the delivery in the country routes and performance indicators all over the process.

Paulo Franceschini, Business Development Director of CEVA Logistics for South America, highlights the importance of the new contract: "CEVA's objective is to diversify its performance. So, we use CEVA's know-how in other countries such as United Kingdom and Italy and apply it in Brazil. This experience was key for us to initiate our partnership with the first customer in publishing, Infoglobo; and now, Zero Hora. The expectation is to increase our revenue on this sector until the end of this year."

For more information contact:
Elisandra Casaroti
Tel: 11 4072.6466
elisandra.casaroti@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 Logistics is awarded with Zero Hora contract in Brazil

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