February 18, 2012 - TNT Express N.V. announces that it has received an unsolicited non-binding and conditional proposal from United Parcel Service, Inc. (UPS) for the acquisition of the whole of the issued capital of TNT Express at an indicative price of € 9 per ordinary share.

The TNT Express N.V. Supervisory and Executive Boards have carefully considered the indicative proposal and explored its rationale, merits and risks for shareholders and all other stakeholders. The TNT Express N.V. boards have rejected the proposal. They have informed UPS accordingly but continue to be in discussions.

In response to the announcement from TNT Express NV ("TNT"), UPS confirms that, on February 11, 2012, following discussions with TNT, it made a revised, increased and comprehensive proposal to acquire the entire issued share capital of TNT for EUR9 per share in cash. Discussions between the parties concerning this proposal are ongoing, although there is currently no certainty that any agreement will be reached.