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Carrefour selects CEVA Logistics

BANGKOK, Thailand, 28 November 2008 - CEVA Logistics, a leading global supply chain management company, has signed a new contract with CenCar Ltd. (Carrefour Thailand) to provide its delivery and supply chain management services in the retail and consumer goods segment.

Under the scope of the contract, CEVA will manage a nationwide delivery network to supply multiple dry goods deliveries to all of Carrefour's stores in Thailand. The operation will be headquartered in Bangkok, where CEVA will operate with a combined fleet including Natural Gas Vehicles (NGV) which is currently the cleanest way of transportation. This combined fleet consists of 35 dedicated trucks and will perform around 70 to 90 daily delivery trips in Thailand. This contract builds on CEVA's significant global relationship with Carrefour and reinforces its strong retail experience in Thailand.

Mr Gilles Sogny, Distribution Center Manager CenCar Ltd., commented: "To maintain our industry-leading positions as one of Thailand's favorite retailers, and to meet the growing demand for our products by Thai consumers, our day-to-day logistics operation is key to ensure the needs of Carrefour shoppers are met. To meet these requirements, CEVA is the best choice for our business in Thailand."
Mr. Winfried Kiesbueye, Country General Manager, CEVA Thailand stated: "We will work closely with Carrefour to provide secure, reliable and cost-effective supply chain management services in managing their domestic transportation needs. Dry goods form a large component of their business, and CEVA has demonstrated its capabilities with Carrefour within other continents."

CEVA has progressed in 2008 via this new contract win in Thailand. In 2007, CEVA was ranked the number one air freight shipper in Thailand by the International Air Transport Association (IATA), and sector strength has established the company a leader in Automotive and Tires. This new partnership underscores CEVA's competence in the retail and consumer industry as one of its key sector focus.

For more information:
CEVA Asia Pacific
May Chng
Marketing & Communications Manager, Asia Pacific
Tel: +65 6507 2763
E-mail: may.chng@cevalogistics.com

CEVA Thailand
Kasama Tipbumrung / Warangkana Paungsiri
Spark Communications
Tel: 0-2653-2717-9 Fax: 0-2653-2720
E-mail: joyce@spark.co.th / warangkana@spark.co.th

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 selects CEVA Logistics

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