DHL Americas Announces Management Transition.

PLANTATION, Fla. -- DHL today announced that John Fellows, CEO of DHL Americas, will be transitioning into a new role with Deutsche Post World Net effective January 1, 2005. Fellows will be succeeded by John Mullen who is presently CEO of DHL Asia-Pacific. John Mullen will also be a member of the Board of Management of Deutsche Post World Net responsible for Asia-Pacific and Emerging Markets as well as DHL Americas.

"I brought John Fellows out of retirement to help the group create the DHL Americas business strategy, hire a senior management team and integrate Airborne and DHL USA," stated Klaus Zumwinkel, Chairman of the Board of Management of Deutsche Post World Net.

"With the strategy complete and the majority of the integration activities finished, I have asked John to take on another role within DPWN that will focus on other strategic projects. This is a move John and I have discussed for some time."

"John has worked with John Mullen for several years and they both look forward to working together on a smooth transition and building on the growth DHL now enjoys in the United States," Zumwinkel said.

"We are right on track," Fellows said. "With the success of our integration, brand awareness and market momentum, this is a good time for me to hand over the reins to my good friend and colleague John Mullen. John has a long history of successfully operating and growing companies such as TNT Express Worldwide and DHL in Asia-Pacific."

"I fully support the strategy DHL is executing in the United States which is all about providing a value-added, competitive alternative for our customers," said John Mullen. "DHL USA has built a strong platform, leadership team and direction that I look forward to building upon. John and I have worked together for over 15 years and as a result, I expect a smooth transition between now and early next year."

As announced last month by Deutsche Post World Net, DHL expects to achieve profitability in the Americas by the end of 2006.

About DHL

With annual revenues over $25 billion in 2003, DHL is the global market leader of the international express and logistics industry, specializing in providing innovative and customized solutions from a single source.

DHL offers expertise in express, air and ocean freight, overland transport and logistics solutions, combined with worldwide coverage and an in-depth understanding of local markets. DHL's international network links more than 220 countries and territories worldwide. Over 160,000 employees are dedicated to providing fast and reliable services that exceed customers' expectations. Founded in San Francisco in 1969, DHL is 100% owned by Deutsche Post World Net. For more information on DHL, please visit www.dhl.com.