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CEVA Logistics kicks off tire distribution from new Pirelli plant in Romania

FRANKFURT, Germany, 17 March 2008 - CEVA Romania, a subsidiary of CEVA Logistics, one of the leading supply chain companies in the world, began this week the distribution of Pirelli tires from the newly built plant, located in Slatina, 250 km southwest of Bucharest. CEVA is responsible for the warehouse's planning and supply to Romanian clients. The delivery is complementary to a series of services that CEVA provides to Pirelli, the fifth tire manufacturer in the world in terms of revenue. The initial contract period is three years.

The new Pirelli warehouse was built next to the Pirelli manufacturing plant. CEVA organizes the tires' stock placement in a surface area of over 16,000 m2, removal and routes the distribution to various countries in Europe and overseas. "The close collaboration with Pirelli in Western Europe began in 1989, so we are very familiar with our client's needs. When we started the pilot phase, we warehoused 25 different products. Bu now production has increased and the number of articles has multiplied" says Joannis Tsilivarakos, CEVA Implementations Manager.

Currently, the facility is still operated as a Factory Warehouse (FWH) which means that only tires produced in Slatina are put into storage and distributed from there. But the model is about to change. "Since all the articles we must distribute aren't produced here in Slatina, we still need to incorporate some tires from other storage locations", remarked Vlad Goran, General Manager of CEVA Logistics Romania. "We're therefore migrating to a Regional Distribution Warehouse (RDWH) organizational structure", he concludes.

Pirelli also appears highly satisfied with the quality of the logistics service, which fulfilled their target performance requirements right from the start: "CEVA Logistics' experience in conceptualizing and implementing complex logistics projects is also apparent in Slatina", said Christian Mühlhäuser, Pirelli Logistics Quality Manager.

For more information contact:
Judith Kolf
CEVA Logistics Central & Eastern Europe
0049 69-4898-34620
presse.de@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 kicks off tire distribution from new Pirelli plant in Romania

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