Norbert Dentressangle SA - Acquisition(s)

Norbert Dentressangle Completes Acquisition of Jacobson Companies

Transaction Establishes Norbert Dentressangle as a Leading Third Party
Logistics Provider in the Fast-Growing U.S. market

  * Jacobson, a leading contract logistics and transport provider in the US
    market, is acquired for $750 million in cash, plus an earn-out

  * Transaction increases Norbert Dentressangle's annual revenues by +15% at €
    5 billion and will be accretive to EBITDA, EBITA and earnings in year one
    after acquisition

  * Acquisition is consistent with the Company's strategy to become a top-tier
    player in global supply chain management

LYON, France, (August 29, 2014) - Norbert Dentressangle today announced it has
completed the previously announced acquisition of all the shares of privately
held U.S. third party logistics (3PL) provider, Jacobson Companies from Oak
Hill Capital Partners. The transaction was valued at $750 million (€560
million) in cash on a debt-free and cash-free basis, plus a capped earn-out
relating to future performance. The acquisition is financed through a
combination of Norbert Dentressangle reserves and available credit lines. The
deal has received all necessary regulatory approvals.

Headquartered in Des Moines, IA, Jacobson is one of the largest value-added
warehousing 3PL provider in North America with integrated domestic
transportation management capabilities, with annual revenue of approximately
$800 million in 2013, 9.5% EBITDA margin and 5,500 employees.

Hervé Montjotin, Chief Executive Officer of Norbert Dentressangle, said, "We
are very pleased to announce the completion of this deal. The closing of this
acquisition will enable us to begin integrating Jacobson into the Norbert
Dentressangle Group and to begin this new step in our development in the U.S.,
a strategic market for us. "

The transaction increases the scale of Norbert Dentressangle, both globally
with a +15% increase in annual revenue to $6.8 billion USD (€5 billion), and
also in the U.S. logistics and transport market where the group becomes
scalable with approximately $800 million USD of annual gross revenues in 2013.

Upon completion of the transaction, the leverage ratio of Norbert Dentressangle
is expected to be in the range of 3.2x by the end of 2014 pro-forma, in
accordance with the group's bank covenants. This leverage ratio is below the
one reached with the acquisition of Christian Salvesen in 2007 and comparable
to the one reached with the acquisition of TDG in 2011, the last two large
strategic moves undertaken by the Group.

The Jacobson transaction will be accretive to Norbert Dentressangle on an
EBITDA, EBITA and earnings basis within the first year after the acquisition.
Upon completion of the transaction, the U.S. market will represent 14% of
Norbert Dentressangle's annual revenue, making it the third largest operating
country for the company.

About Norbert Dentressangle:

Norbert Dentressangle is an international logistics, transport and Air & Sea
company, with annual turnover of €4 billion in 2013. Norbert Dentressangle
develops high added value solutions in its three sectors, across Europe,
America and Asia, and places sustainable development at the heart of all its
activities. It is established in 25 countries, employs 37,700 people and
generates 60% of its turnover outside France. Norbert Dentressangle whose CEO
is Hervé Montjotin is listed on the CAC Small & CAC All Tradable.

NYSE Euronext Paris (category B) / NYSE Euronext London, Code GND - Isin
FR0000052870

www.norbert-dentressangle.com

Contacts :

Norbert Dentressangle                              DGM Conseil
Directeur de la communication                      Relations Presse
Thierry LEDUC - Tel :[phone]             Olivier Labesse - Tel :[phone]
Email : [e-mail]    Email : [e-mail]
                                                   Thomas de Climens - Tel :[phone]
                                                   Email : [e-mail]
                                                   Hugues Schmitt - Tel :[phone]
                                                   Email : [e-mail]

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