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Carrefour signs contract with CEVA Logistics

Outsourcing includes warehousing and warehouse management

SÃO PAULO, January 21 - The Brazilian Contract Logistics division of CEVA Logistics, a leading provider of supply chain logistics services, has announced its newly created partnership with Carrefour Brazil in the consumer goods segment. The contract with the French based retail franchise will take effect in April of 2008 and will involve 43 CEVA employees.

Among the activities that the company will carry out at the 12.5 thousand square meters warehouse are reception, storage, sorting, and inventory management of thousands of items such as foodstuffs, perfumes, electronics, and appliances. The operation will be headquartered in the city of Manaus, in the state of Amazonas, north east of Brazil.

Carrefour's operations in Brazil consist of 109 hypermarkets, 34 mid sized supermarkets and 258 daily discount stores, making it the number one food retailer in terms of sales in the country. "Our objective in our partnership with CEVA, in Manaus, is to use its experience and technological contribution to stand out in quality and productivity, besides offering a higher level of service to the stores, at a competitive cost. We also want to develop another logistics operator in Brazil with the targeted know-how in the dynamic retail supermarket sector," says Tulio Bolzoni, Logistics Director for Carrefour Brazil.

This is CEVA's first contract in the foodstuff sector in Brazil, but the company hopes to announce new conquests in 2008. "In countries like England and Italy, we have a strong representative presence in the retail and foodstuff industries. Our experience in supply chain management for the consumer goods segment will certainly benefit our current and future customers," says Paulo Franceschini, Brazil's Business Development Director for CEVA Logistics.

For more information contact:
Elisandra Casaroti
+55 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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Carrefour signs contract with CEVA Logistics

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