Business and demerger update

Amsterdam – In anticipation of its upcoming shareholders’ meeting, at which shareholders can vote on the demerger of Express, TNT NV has today finalised its demerger preparations. The formal filing of the demerger proposal and the publication of the AGM/EGM agenda will be next week. The issuance of the Express prospectus, subject to approval of the prospectus by the Dutch Financial Authority (AFM), will also be next week.

As part of these preparations, TNT has performed a full review of its business, including the most recent trading performance.
 
  • Full year 2011 plans for Express rephrased and revised; volatile trading conditions in first 12 weeks of the year
  • Mail guidance maintained; Tariff Regulation approved by Parliament
  • Demerger preparations finalised. Following a positive shareholder vote on May 25:
    • First day of trading of new Express shares expected on May 26
    • New Supervisory Boards of Mail and Express
    • New operating name for the Mail business: PostNL. Express to operate as TNT Express