HOOFDDORP, The Netherlands, March 5 /PRNewswire/ --     First annual report of the merged company - CEO John Pattullo: "a year of
transformational change and significant achievement".

CEVA Full Year 2007 Results

CEVA Group Plc released its 2007 Annual Report today. This report
includes the following financial highlights:

- Growth in proforma revenues of 4.5% following merger of
freight management and contract logistics

- Proforma EBITDA increased to EUR 284.8 million from EUR 182.5
million

- Proforma Adjusted EBITDA improved to EUR 378.2 million from
EUR 324.1 million

- Solid financing structure and cash position of EUR174.9 million

- Proforma results in table below show the results of CEVA's
Contract Logistics and Freight Management operations as if the merger
occurred on the 1 January 2006:

2007           2006
         Revenues      EUR 6,294.9m    EUR 6,026.0m          4.5%
          EBITDA         EUR 284.8m      EUR 182.5m         56.1%
        % revenues             4.5%            3.0%
     Adjusted EBITDA(i)  EUR 378.2m      EUR 324.1m         16.7%
        % revenues             6.0%            5.4%



(i) Adjustments in 2007 relate mainly to merger costs and in 2006
to the CEVA acquisition.

CEVA Group Plc delivered the following reported results, which includes
Freight Management from the date of acquisition:

2007            2006
         Revenues      EUR 4,781.1m     EUR 3,494.6m      36.8%
          EBITDA         EUR 263.7m        EUR 77.8m     238.9%
        % revenues             5.5%             2.2%
     Adjusted EBITDA(ii) EUR 300.9m       EUR 215.4m      39.7%
        % revenues             6.3%             6.2%



(ii) Adjustments in 2007 relate mainly to merger costs and in 2006
to the CEVA acquisition.

The merger of our freight management and contract logistics
operations is the key driver for major changes in our financial results. This
merger was effective from 2 August 2007, thus the full year performance of
our business is not fully reflected.

CEVA CEO John Pattullo commented:

"2007 was a year of transformational change for our young
company as we combined the former contract logistics division of TNT with the
US-based freight forwarder Eagle Global Logistics (EGL) to create a global
supply chain Group.

TNT Logistics and EGL are remarkably complementary: TNT's
contract logistics activities center primarily in Europe, while EGL's freight
forwarding activities are based mainly in Asia Pacific and the Americas.
EGL's strengths in the technology and retail/consumer sectors complement
TNT's strong presence in the automotive industry. And, most importantly, the
two cultures have proved very compatible - the process and quality
orientation of TNT Logistics alongside the drive and customer focus of EGL
form a powerful combination.

I am particularly pleased with our new leadership team which
combines senior management from the two previous companies with talent
recruited externally. Together, they bring a singular depth of experience
from across the supply chain industry to the exciting challenge of building a
world-class company.

Recently, we have developed and deployed a clear vision for
CEVA: by 2010, we want to be the most admired company in the supply chain
industry with revenues of EUR 10 billion. We will not be the biggest, but we
aim to become the best in our sector. To reach this ambitious goal, we will
be guided by three strategic imperatives - Unity, Growth, and Excellence. By
channeling all of our efforts in these three directions, we will be able to
achieve substantial change quickly.

2007 was a year of significant achievement for CEVA. I believe
we have taken strong first steps on our journey to creating a world-class
supply chain company. We are, however, at the early stages of this journey,
and 2008 will be an important year of delivery. I have every confidence that
we will meet our goals for this year and will continue building CEVA into a
role model for the supply chain industry."

CEVA. Making Business Flow

CEVA Logistics supply chain management is recognized by its
customers for making their business flow through our commitment to their
success. CEVA focuses on a diverse range of market sectors including
automotive & tires, technology, industrial, retail & consumer, health care,
publishing, aerospace and oil & gas. We offer our customers increased
efficiency and reduced transit times, thanks to our ongoing focus on
operations excellence and the visibility and control that we create in supply
chains. As a leading global logistics company, we provide end-to-end design,
implementation and operation of logistics solutions in contract logistics,
freight forwarding, distribution management and transportation management for
large and medium-sized national and multinational companies.

CEVA combines the heritage of two great companies, TNT
Logistics and EGL, which merged in August 2007. We employ more than 52,000
people and operate an extensive global network with facilities in over 100
countries worldwide. We operate 614 warehouses around the globe summing a
combined space of approximately 8.6 million square meters. For fiscal year
2006, CEVA reported combined pro forma sales of EUR 6 billion. CEVA is an
Apollo portfolio company. Apollo is one of the leading private equity
investors in the world. CEVA's CEO is John Pattullo.

For more information, visit CEVA's website at
http://www.cevalogistics.com

Safe Harbor Statement Under The Private Securities Litigation
Reform Act Of 1995:

The declarations contained in this press release, as well as
other declarations that are not historical facts, may contain updates. In
addition to the specific information mentioned in the paragraphs above, there
are many factors that may cause updated results and development that is
materially different from what is expressed or implicit in these
declarations. These factors include, but are not limited to, the merger
process between EGL and CEVA, the updated effects of recent and future
regulatory changes and technological development, globalization, levels of
macroeconomic spending, the economic climate in Asia and the United States,
levels of marketing and promotion spending, the actions of competitors and
joint venture partners, employee costs, future exchange and interest rates,
changes in tariffs, unexpected costs of integrating recently acquired
businesses or future acquisitions, combination or disposition of other
detailed factors in factors of risk and in any other CEVA or EGL annual
report, including, but not restricted to, the Form 10-K annual report. More
information on the company, including factors that may potentially materially
affect the financial result of the company, can be found in the company's
archives at the Securities and Exchange Commission. In the case of one or
more of these risk or uncertainties materializing (or the consequences of
this development worsening), or in case any of the suppositions prove to be
incorrect, actual consequences could vary materially from those announced or
expected. EGL and CEVA refuse any intention or obligation to update publicity
materials or revise any such declarations, unless it is as a result of new
information, future events or other events.