HOOFDDORP, The Netherlands, August 28 /PRNewswire/ --

- Second Quarter of Strong Results

CEVA Group Plc released its Quarter 2, 2007 interim financial statements
today. These statements include the following highlights:

- Revenue growth of 3% between Q2 2007 and Q2 2006

- Operating income grew to EUR27.3 million from EUR16.5 million in
Q2 2006

- EBITDA increased to EUR54.8 million from EUR36.1 million in Q2
2006

- Pro forma EBITDA improved to EUR60.6 million from EUR54.8 million
in Q2 2006

- Cash position at the 30th June 2007 of EUR234.7 million

- Completion of EGL acquisition on 2nd August for approximately US$2
billion

- New CEO, John Pattullo, joined the company on 6th August

CEVA Group Plc delivered the following results:

                      Three months ended June  Six months ended June 30
                                30
                         2007         2006         2007         2006
 
       Net sales        EUR905       EUR880      EUR1,766     EUR1,747
                       million      million      million      million
 
         EBITDA        EUR54.8      EUR36.1      EUR100.0     EUR71.1
                       million      million      million      million
 
    Pro forma EBITDA   EUR60.6      EUR54.8      EUR110.3     EUR100.8
                       million      million      million      million



On 2nd August CEVA announced the completion of the transaction to acquire
freight forwarding company EGL, Inc. for approximately US$2 billion. The
acquisition was financed including new debt, approximately US$200 million of
cash equity from CEVA's balance sheet and approximately US$100 million new 
cash equity from Apollo. Due to the strong strategic rationale for the 
acquisition it was possible to secure US$400 million of new second lien 
senior secured notes as debt, despite the difficult current capital market 
environment. CEVA's strong cash generating performance since achieving 
independence ensured that the cash equity financing went smoothly. This 
combination has created the world's fourth largest integrated supply chain 
management company, with global capabilities in freight forwarding and 
contract logistics that will operate under the CEVA brand.

On a standalone basis EGL delivered the following results:

                      Three months ended June  Six months ended June 30
                                30
                         2007         2006         2007         2006
 
       Net sales        EUR656       EUR607      EUR1,251     EUR1,225
                       million      million      million      million
 
         EBITDA         EUR5.8      EUR25.2      EUR30.1      EUR48.4
                       million      million      million      million
 
    Adjusted EBITDA(i) EUR33.1      EUR29.1      EUR61.8      EUR54.0
                       million      million      million      million
 
    Pro forma EBITDA   EUR33.2      EUR35.4      EUR62.1      EUR63.9
                       million      million      million      million



(i) primary adjustment relates to the unsuccessful acquisition bid of the
previous EGL CEO Jim Crane

CEO John Pattullo commented: "The results of CEVA Group Plc included in
these interim financial statements show clearly that the company has been
building a solid base for the future. We can see that the growth and profit
indicators are positive for CEVA and the ability of the company to generate
value is demonstrated by the results of the global focus on cash management.
It is pleasing to see that EGL's results continue to show good progress which
has not been unduly impacted by the sale process this year and now that a
platform has been established we will be able to address the potential of
CEVA combined with EGL. With this combination, we have created one of the
world's major players in the global supply chain industry, supported by a
talented and experienced leadership team. Following the merger with EGL we
have the capability to extend our service offering further and deliver a
world-class service."

The two companies had 2006 combined annual revenue of EUR6.0 billion (48%
in EMEA, 32% in Americas and 20% in Asia-Pacific) and employ more than 50,000
people with operations in more than 100 countries.