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CEVA announces retirement of former CEO David Kulik

Kulik continues chairing Board of Chinese joint venture

HOOFDDORP, January 11 - The Board of Directors of CEVA Group plc. announced today that David G. Kulik , CEVA's Vice Chairman and former CEO, has advised the Company of his retirement , effective February 22nd, 2008. The Company also announced that they have entered into an agreement with Mr. Kulik wherein he will be a consultant to management as well as continue in his position as Chairman of the Board of ANJI-TNT, the joint venture between CEVA Logistics and Shanghai Automotive Industries Corporation - SAIC.

Gareth Turner, partner of Apollo Management, said "Dave has been a leader in the global logistics industry having been the CEO of CTI LogistX for a number of years and then with TNT as head of their Logistics division. He led the recovery and sale of TNT Logistics and was integral in the transformation of the company to CEVA as a portfolio company of Apollo Management. We are also pleased that he will continue to be associated with CEVA into the future and we thank him for his past service to the Company."

Kulik stated, "I am extremely proud of this organization and the success of 50,000 dedicated people in the transition to CEVA. I have been fortunate to lead the Company during an exciting period and I am confident that Apollo has positioned CEVA to achieve even greater levels of growth under the leadership of our industry's best management team. Thank you to all for your contribution and loyalty to CEVA."

For more information contact:
Paula Satink
Senior Public Relations
+31 23 568 3492
Paula.Satink@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 announces retirement of former CEO David Kulik

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