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CEVA Signs Contract Extension with South Pacific Tyres

MELBOURNE, AUSTRALIA, 20 October 2008 - CEVA Logistics, one of the leading supply chain companies in the world, today announced the renewal and extension of its contract to provide warehouse, transport and distribution services to South Pacific Tyres across Australia. South Pacific Tyres has a strong retail and wholesale presence in Australia through their ownership and operation of the high profile Beaurepaires, Goodyear Autocare and Dunlop Super Dealer retail channels and stewardship of the household Goodyear and Dunlop passenger and commercial tyre brands.

The partnership between CEVA and South Pacific Tyres began in 2006 with an agreement to provide warehouse and distribution services of tyres and other products from sites across Australia, including Victoria, New South Wales, Queensland and South Australia. It will now extend to 2013 and provide CEVA with the capability to further consolidate the national supply chain operations of South Pacific Tyres.

The Managing Director of CEVA Australia, Mr Howard Critchley says that it is reassuring to know that our past efforts with South Pacific Tyres have been well recognised. "We have succeeded in growing and adapting our service solution while integrating all aspects of South Pacific Tyres logistics chain to ensure that we keep one step ahead of their requirements," commented Mr Critchley.

Chief Executive of South Pacific Tyres Australia, Judith Swales said that they are delighted to renew their contract with CEVA and further strengthen this extremely valuable partnership. "This contract extension is the result of significant improvements in our supply chain offering across both our wholesale and retail businesses over the last two years. South Pacific Tyres takes pride in its advantaged supply chain which helps satisfy our customer requirements as efficiently as possible. We are now well placed to drive forward initiatives and continuously improve our offering in partnership with CEVA moving forward," explained Ms Swales.

For more information contact:
David Cliffe
CEVA Logistics Australia
+613 9931 9959
david.cliffe@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 Signs Contract Extension with South Pacific Tyres

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