UPS To Extend Offer For TNT Express Until November 9

AMSTERDAM--United Parcel Service, Inc. (UPS) Tuesday said the offer period for UPS's public offer for TNT Express NV (TNT.AE), will be extended until 9 November 2012.

- The initial expiry date of the offer was set for 31 August 2012,

- UPS will formally confirm the extension of the Offer Period through a regulatory announcement on 5 September 2012.

- The conditions for completion of the offer, in particular the antitrust condition, will not be fulfilled before the expiry of the offer period on 31 August 2012.

- Therefore, UPS will, within 3 business days following the expiry of the offer period, extend the offer period in accordance with the terms and conditions set out in the Offer Memorandum dated 21 June 2012.

- The offer period will be extended until 9 November 2012 in accordance with Article 15, paragraphs 1 and 2 of the Decree on public offers Wft (Besluit Openbare Biedingen Wft, the Decree).

- UPS and TNT Express anticipate completion of the offer and close of the transaction in the fourth quarter of 2012.

- Following extension of the offer period, shares tendered during the initial offer period may be withdrawn in accordance with the provisions of Article 15, paragraph 3 of the Decree.

- Write to Amsterdam Bureau, [e-mail]

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