MoU TPG and China Post

RNS Number:3736K
TPG N.V.
25 April 2003



Press release
                          
Corporate Head Office                                Date
                                                     25 April 2003

China Post and TPG join forces in strategic partnership

The State Post Bureau of China (China Post) and mail, express and logistics
company TPG N.V. have today announced the signing of a Memorandum of
Understanding (MOU), that will provide the foundation for a broad strategic
partnership. This builds upon the successful partnership between China Post and
TPG in the express business in China, that was entered into in 2000.

Mr. Liu Liqing, Post Master General of China Post, led his delegation during a
recent visit to the head office of TPG in the Netherlands, upon invitation of
Mr. Peter Bakker, CEO of TPG. Following the visit, Mr. Liu Liqing and Mr. Peter
Bakker signed a MOU, that included an agreement to set up immediately a task
force to explore potential areas of mutually beneficial co-operation in the
areas of mail, express and logistics.

With a background of successful past co-operation between China Post and TPG,
the two companies have laid solid foundations to expand their co-operation and
to build closer ties, as well as to initiate joint efforts in exploring global
markets. By benefiting from synergies and mutual strengths, China Post and TPG
will be able to further improve both parties' services to their Chinese and
global clients.

Mr. Peter Bakker, CEO of TPG, is delighted to announce the strategic partnership
with China Post: "This is a very significant step in our international strategy.
China is likely to be the most important growth market in the world in the near
future. Between China Post and TPG we will have the ideal mix of expertise to
benefit from this growth and offer consumers and businesses in China excellent
services. We can also jointly explore other areas of international growth
together."

Notes to the editor:

TPG N.V. with its two brands TNT and Royal TPG Post, is a global provider of
mail, express and logistics services. The group employs over 150,000 people in
62 countries and serves over 200 countries. For 2002 the company reported sales
of EUR 11.7 billion, an increase of 5% over the previous year. TPG N.V. is
publicly listed on the stock exchanges of Amsterdam, New York, London and
Frankfurt. The TPG website is: www.tpg.com.

For further information, please contact (not for publication):

Tony Danby,

Senior Press Officer

TPG Media Relations

Tel: + 31 20 500 6426

Mobile: [phone]

E-mail: [e-mail]


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCEAXLSAEXDEEE