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CEVA Logistics signs contract with Carrefour Belgium

Renewal of existing contract and addition of new site

WILLEBROEK, Belgium, June 23 - CEVA Logistics, one of the leading supply chain companies in the world, has announced that it has signed a new agreement with Carrefour Belgium. The contract scope includes the existing operations in Machelen (Belgium) and an additional site that is currently managed by another 3rd party operator. With this contract all non-food logistics (from flat-pack and hanging garments to personal care and kitchen & table ware) operations of Carrefour in Belgium will be operated by CEVA.

The relationship between CEVA and Carrefour in Belgium dates back to 1996, when the joint-venture CEVA Nopri Logistics was established. Over the last 12 years this organisation has been very effective in servicing Carrefour's requirements in the country. The new agreement will mark the end of this Joint Venture, since the entity will become a wholly owned subsidiary of CEVA Contract Logistics Belgium.

"As a progressive company we constantly try to improve our operations and operational processes. This new set-up offers us the benefit of a single provider for all our non-food logistics in Belgium, which makes it easier for all parties involved. Our choice for CEVA underlines the quality of cooperation we have had over the years and the confidence we have for the years to come. We are operating in a very dynamic market and this requires a strong partnership to adapt our logistics to the changing demands," says Olivier Perin, Supply Chain Director for Carrefour Belgium.

This new contract is another step in the development of CEVA's Retail & Consumer Goods business that is well established in many countries in Europe, but also on other continents. "We are proud to be awarded a broader responsibility in the Carrefour supply chain activities and we are keen to deploy our best practices in this broader scope. We are confident that we can provide our new colleagues a professional place to work and offer them career opportunities within our expanding company," says Onno Meij, Managing Director for CEVA Logistics Benelux.

For more information contact:
Bart Barel
+31 6 109 378 46
bart.barel@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 signs contract with Carrefour Belgium

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