Recommended Public Cash Offer by UPS for All Issued and Outstanding Shares of TNT Express

21-Jun-2012 With the publication of the Offer Memorandum today, and with reference to the joint press release of United Parcel Service, Inc. (UPS) and TNT Express N.V. (TNT Express) of 19 March 2012, UPS BidCo B.V. (a wholly owned subsidiary of UPS (the Offeror)) and TNT Express hereby jointly announce that the Offeror is making a public cash offer for all the issued and outstanding ordinary shares with a nominal value of EUR 0.08 each (the Ordinary Shares), and all American depositary shares representing Ordinary Shares (the ADSs), each ADS representing one Ordinary Share in the share capital of TNT Express N.V. (Ordinary Shares and ADSs are referred to as the Shares).