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CEVA extends Central Food Retail's logistics contract

BANGKOK, February 27- CEVA Logistics Thailand has been awarded a three-year logistics service renewal contract with Central Food Retail; the leading supermarket company in Thailand. Central Food Retail is part of the Central Retail Company, Thailand's leading retailer.

CEVA has managed Central Food Retail's temperature controlled store delivery operation since December 2004 and the renewal is testament to CEVA's focus on provision of value-added partnerships as well as the company's strong business relationship.

Under the terms of the contract extension, CEVA will manage and operate the delivery of fresh food to Tops' branches throughout Bangkok and to proximity stores. CEVA will operate a fleet of advanced lightweight, temperature controlled, refrigerated vehicles. The company's integrated scope of services includes "in body" temperature monitoring systems and the backhaul of returns as well as on site fleet maintenance.

Alistair Taylor, Senior Vice President Operations & Business Support of Central Food Retail Company Limited, said: "We decided to extend our contract with CEVA based on CEVA's proven expertise to deftly manage the complexity of fresh food distribution. They have provided us, Central Food Retail, with the service we require, ensuring that our and our customers' demands are met. Any company which operates in a dynamic environment such as Thailand needs their partners to be readily adaptable whilst ensuring that they maintain their efficiencies and standards.

CEVA Logistics Thailand's Managing Director, Winfried Kiesbueye, said: "The operational capability that CEVA has demonstrated to Tops in the past three years has shown the proven benefits of working with a professional logistics partner, and the value it brings in growing a business. We are looking forward to strengthening our relationship with Central Food Retail as we continue to grow our respective businesses."

For more information, please contact:
Matthew Stimpson
Business Development Director
Tel: +66 (0)2 665 7500
E-mail: matthew.stimpson@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 extends Central Food Retail's logistics contract

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