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CEVA Logistics extends business with Ricoh in Spain and Portugal

BARCELONA, Spain, 21 October 2008 - CEVA Logistics, one of the leading supply chain companies in the world, has announced the signing of a new contract in Spain with its customer Ricoh Europe Supply Chain Management (SCM) B.V, the global leader in digital office solutions. CEVA who is already the 3PL service provider of the SCM Finished Goods and Supplies business will also be in charge of the Spanish Service Parts Satellite Warehouse. This new operation, located at CEVA Spain site in Subirats, includes warehousing, cross-dock, spare parts and reverse logistics.

The Spanish satellite warehouse is currently the first to delivers also cross-border for Ricoh. Field service engineers and Ricoh dealers get their service parts supplies in Portugal too. Giuseppe Chiellino, CEVA Logistics Spain Managing Director said that "In our industry, the extension of activities is undoubtedly the greatest recognition that we can get from a customer: This new contract confirms that Ricoh values to rely on a logistics partner that demonstrates proven capabilities in realizing solutions fitting its needs and ensuring seamless continuity of its business and service to its customers."

"The second shared SCM satellite, both operated by CEVA Logistics, is an important milestone for Ricoh's activities. Next to Italy, Spain is the second country where a shared satellite warehouse is operating. The main goal is to reduce transport costs and increase customer satisfaction by bringing the service parts closer to the customer." added Frank Nieuwenhuis, Ricoh's Business Planning Department Manager.

For more information:
Valérie Chevrier
Marketing & Communication Manager
+34 93 516 54 00
Valerie.chevrier@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 extends business with Ricoh in Spain and Portugal

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