TPG Board of Management Confirms Earlier Outlook TPG Announces 10.7% Net Income Growth for the First Half Year 1999.AMSTERDAM Amsterdam, city, Netherlands Amsterdam (ăm`stərdăm', Dutch ämstərdäm`), city (1994 pop. 724,096), constitutional capital and largest city of the Kingdom of the Netherlands, North Holland prov. , Netherlands--(BUSINESS WIRE)--Aug. 31, 1999-- TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. Post Group (NYSE NYSE See: New York Stock Exchange : TP), a leading provider of mail, express delivery and logistics services, today announced a net income growth of 10.7% in the first half of 1999 compared with the same period last year. The growth is in line with the outlook given by TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général at the publication of the annual results on March 22, 1999 (10 % - 15%). Operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. rose by NLG NLG The ISO 4217 currency code for the Dutch Guilder. 695 million, an increase of 8.7% compared to the same period last year. The operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of TPG increased by NLG 39 million (5.7%) in the first half of 1999. -0-
In NLG Millions 1st half 99 1st half 98 Variance
Revenues 8,645 7,950 8.7%
Operating income 724 685 5.7%
Net income 404 365 10.7%
Earnings per share
(in NLG) 0.85 0.77 10.4%
Interim dividend
(in NLG) 0.30 (a) 0.30 -
(a) The election period starts on September 2, 1999. The dividend is
payable as of September 27, 1999.
Outlook At constant exchange rates, TPG Board of Management expects that both operating income and revenue growth for the remaining period of 1999 will exceed the growth rate already realized in the first half of the year. Net income growth for the full year is expected to be at least in line with the performance achieved in the first half of this year. Challenging first half year Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TPG, Ad Scheepbouwer states that: "The half year results were solid for our Mail business, although operations were marked by quality issues. In the first five months economic activity slowed down in major countries resulting in lower earnings from operations in our Express business in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). . However, strong
foundations were laid in anticipation of further expansion of the
business. Together with our new board members we are focusing intensely
on service performance and revenue quality in the Express business. We
are focusing on key issues and this is already showing results in recent
months. We expect this upward trend to continue in the second half of
the year. Results of the Express activities outside Europe developed
satisfactorily. Strong organic growth resulted in our division Logistics
exceeding expectations."TPG, with its two brands PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration Post and TNT, is a global provider of mail, express and logistics services. TPG has more than 100,000 employees in 60 countries serving over 200 countries. TPG is publicly listed on the Stock Exchanges of Amsterdam, New York Amsterdam, New York is the name of two locations in Montgomery County, New York:
London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. and Frankfurt. DIVISION MAIL Revenues in the Mail division increased by 4.1% to NLG 3,918 million in the first half of 1999. Extra investments and costs were made in order to cope with bottlenecks in the sorting process. The earnings from operations (operating income excluding amortization of goodwill and non-recurring costs) from the division Mail therefore increased by 2.1% to NLG 823 million. Domestic Mail Domestic Mail sales rose by 6.6% to NLG 1,835 million. The growth was mainly the result of increased volumes of the Postage POSTAGE. The money charged by law for carrying letters, packets and documents by mail. By act of congress of March 3, 1851, Minot's Statute at Large, U. S. 587, it is enacted as follows: 2.-Sec. 1. Paid Mixed and Parcel products. Furthermore, acquisition of Rinaldi Rinaldi might refer to:
Direct Mail The revenues of Direct Mail Services grew by 7.7% to NLG 1,147 million. This growth was mainly derived from the acquisition of Tesselaar Marketing Services and Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). Mail (GMA GMA glycol methacrylate. ) at the end of 1998. Higher mailing volumes (especially in Belgium Belgium (bĕl`jəm), Du. België, Fr. La Belgique, officially Kingdom of Belgium, constitutional kingdom (2005 est. pop. 10,364,000), 11,781 sq mi (30,513 sq km), NW Europe. ) and increased Print & Mail and Mailprofs activities also contributed to the revenue growth. International Mail International Mail produced growth of 1.2% to NLG 698 million as a result of higher volumes of international mail and new international customers partially offset by a decrease of revenue in the Americas A·mer·i·cas , the See America. . Post Offices and Other The business of Post Offices and Other showed a decrease in operating revenues primarily due to the sale of the Catering Service activity at the end of 1998. Briefpost 2000 Throughout the first half year of 1999, TPG continued implementing its Briefpost 2000 automation project. Begun in 1992, Briefpost 2000 aims to increase the proportion of mail sorted automatically to more than 90% of the total mail handled by PTT Post. The Briefpost 2000 project includes the replacement of 12 manual sorting centers by 6 new fully automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. sorting centers and in the first half year TPG faced some bottlenecks in finalizing this project which impacted the quality of service. Quality performance fell behind expectations for a combination of reasons which include: - mail delays in the first quarter due to relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of the Oosterdokskade sorting center to the new sorting center in Amsterdam Sloterdijk Sloterdijk can refer to either of:
- training and familiarization fa·mil·iar·ize tr.v. fa·mil·iar·ized, fa·mil·iar·iz·ing, fa·mil·iar·iz·es 1. To make known, recognized, or familiar. 2. To make acquainted with. courses for new sorting center staff took longer than expected and the machines needed a longer adjustment period - the volume of postal flows increased by more than had been expected causing capacity problems - mail packaging changed with an increased use of plastic seals and enclosures which required the machines to meet different and specific demands The Board of Management has implemented a number of measures which will improve performance in the second half of the year and these include: - expansion of sorting centers and commissioning of extra sorting equipment (21 machines). - extension of sorting times. Following consultation with clients the processing of bulk consignments now begins in the afternoon. - extra staff training courses and additional checks on error-sensitive parts of the process. DIVISION EXPRESS Express revenues, compared with last year, increased by 9.0 % to NLG 3,486 million with the growth being almost entirely derived from higher revenues and acquisitions in Europe. The results of Express activities outside Europe developed satisfactorily, but in the first few months various issues resulted in lower earnings from operations in Europe. Overall, earnings from operations declined by 23.2%, compared with last year. The intense focus on service performance and revenue quality now being applied by new management will pay off in the second half of the year. Express Europe Revenues of the Express Europe business increased in the first half year by 10.9 % to NLG 2,829 million compared to the same period last year. Revenue growth was impacted by inclusion of the activities of the Jet Services acquisition (NLG 167 million). The main underlying causes of the lower earnings from operations in the first few months of the year are: - a slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. of the economies in major European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. countries resulting in lower than anticipated volumes and under-recovery of express network costs - excessive volumes of low yielding volumetric volumetric /vol·u·met·ric/ (vol?u-met´rik) pertaining to or accompanied by measurement in volumes. vol·u·met·ric adj. Of or relating to measurement by volume. freight, currency effects and one-off (1) One at a time. CD-ROM recorders (CD-R drives) are commonly called one-off machines because they write one CD-ROM at a time. (2) Only once. Software that is written to solve a specific problem only one time is sometimes called a one-off. costs Measures in hand that address lower earnings from operations in Express include: - provision of more reliable on-time customer service performance and improved revenue quality - development of simplified service and pricing structures that target the market for door to door delivery of high yielding international express parcels - elimination of unprofitable traffic from the European Air Express European Air Express was a regional airline based in Mönchengladbach, Germany. It operated scheduled passenger services from and within Germany. Its main base was Düsseldorf-Mönchengladbach Airport, with hubs at Cologne Bonn Airport, Münster Osnabrück International Airport and network - senior management changes - cost efficiency and revenue quality improvement plans implemented as of March These measures and tight control are already bearing fruit in the last few months Encouraging recent performances indicate a pick-up pick-up Noun 1. a small truck with an open body used for light deliveries 2. Informal a casual acquaintance made for a sexual purpose 3. Informal a. in market and economic conditions. The Express business is achieving an uplift in volume compared with earlier months and this has resulted in improved utilization of the international and domestic networks. Express International Revenues of Express International for the first half year increased by 1.4% to NLG 657 million and earnings from operations showed a considerable improvement compared to the previous year. Australia Australia (ôstrāl`yə), smallest continent, between the Indian and Pacific oceans. With the island state of Tasmania to the south, the continent makes up the Commonwealth of Australia, a federal parliamentary state (2005 est. pop. recorded low revenue growth in comparison to the previous year. A more competitive environment in Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. domestic express markets and the loss of a number of key accounts are seen as having been particularly obstructive obstructive having the characteristic of obstruction. obstructive colic see equine colic. obstructive constipation constipation of sufficient severity as to obstruct the rectum. to business growth. Asia generated 15.3% growth in revenue compared with last year spurred by stronger local currencies and improved economic activity. Improved utilization and higher cost efficiency enabled the growth in revenue to contribute to a considerable improvement in earnings. DIVISION LOGISTICS In the first half year of 1999, total revenues of Logistics increased by 28.5% to NLG 1,426 million. An amount of NLG 81 million (7.3%) of the revenue increase was due to the acquisition in this period of Tecnologistica and the logistics activities of Jet Services. New contracts and increased volumes from existing customers contributed NLG 276 million to the revenue increase but this was partly offset by foreign exchange rates which impacted the revenue negatively by NLG 41 million. Earnings from operations for the first half year increased by 23.6% to NLG 89 million. Operating revenue growth in Southern Europe Southern Europe or sometimes Mediterranean Europe is a region of the European continent. There is no clear definition of the term which can vary depending on whether geographic, cultural, linguistic or historical factors are taken into account. was accelerated by the acquisition of Tecnologistica and Jet Services (Logistics). Growth was also produced by new business that includes the new inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound logistics operation with Fiat in Italy together with warehousing and distribution work for several manufacturers/suppliers in Italy and France. The considerable operating revenue growth achieved in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. was largely produced by organic growth in the automotive business and the commencement of new business-streams for major customers. Operating revenue quadrupled in Asia and was largely due to early contributions of new contracts won in China and Malaysia. In addition volume increases were achieved from several existing customers. ADDITIONAL INFORMATION Capital expenditures In the first half year TPG made capital expenditures in property, plant and equipment of NLG 344 million compared to NLG 432 million in the first half of 1998. The division Mail incurred capital expenditures of NLG 130 million on property, plant and equipment. The major part of this amount relates to the Briefpost 2000 project and to the rebuilding of sorting centers, as well as expenditures on extra sorting machines, other buildings and equipment. Express Total capital expenditure for Express amounted to NLG 171 million in the first six months of 1999 and mainly relates to new depots, road hubs and IT investments. TPG invested in facilities for new depots (Barking bark 1 n. 1. The harsh sound uttered by a dog. 2. A sound, such as a cough, that is similar to a dog's bark. v. barked, bark·ing, barks v.intr. 1. , Edinburgh, Nottingham and Slough Slough (slou), city (1991 pop. 106,341) and borough, central England. After World War I, the residential city and its outlying area underwent rapid industrial development, owing in part to its proximity to London. ), replacement depots (Leicester Leicester (lĕs`tər), city (1991 pop. 324,394) and district, Leicestershire, central England. The city is connected by canals with the Trent River and London, and it is also a railway center. and Bristol), a new warehouse for hanging garments and the second state-of-the-art national hub at Kingsbury Link in the United Kingdom. Integrated depots in Bielefeld and Dusseldorf Neuss together with a NET hub in Austria were developed in Germany. Several depots in Ancona, Torre Spaccata, Bergamo Bergamo (bĕr`gämō), city (1991 pop. 114,936), capital of Bergamo prov., in Lombardy, N Italy, in the foothills of the Alps. It is an industrial center and an agricultural market. Manufactures include machinery, textiles, and cement. , Roma via Affile, Napoli and Frosinone were opened in Italy. In Australia capital expenditures were incurred for fleet replacements and new depots. Logistics In Logistics capital expenditures on property, plant and equipment amounted to NLG 43 million. These capital expenditures mainly relate to the setting up of tailor A tailor is a person whose occupation is to sew menswear style jackets and the skirts or trousers that go with them. Although the term dates to the thirteenth century, tailor made warehousing and distribution facilities for new logistics contracts and expansion of the IBC IBC International Building Code IBC Iraq Body Count IBC Institutional Biosafety Committee IBC Inflammatory Breast Cancer IBC International Business Company IBC Independence Blue Cross IBC Insurance Bureau of Canada IBC International Broadcasting Convention (Intermediate Bulk Containers An Intermediate bulk container (IBC) is a container constructed of molded plastic, fiberglass, or plywood with steel reinforcing and is used for storage and transportation of goods. ) fleets in the UK and Australia respectively. Employees In the first half of 1999 the average number of full time equivalents (FTE FTE Full-Time Equivalent FTE Full-Time Employee FTE Full-Time Equivalency FTE Full Time Employment FTE Foundation for Teaching Economics FTE Full Time Enrollment FTE For the Enterprise (SQL) FTE Fund for Theological Education )'s increased by 7,688 (9.9%) to 85,483 compared to the average number of FTEs in full year 1998. The increase reflects the growth of business in each of the three divisions. The average number of FTEs in the first six months of 1999 was also impacted by the acquisition of Jet Services and Tecnologistica. Interim dividend 1999 The Board of Management of TNT Post Group has decided to pay an interim dividend of NLG 0.30 per ordinary share over the first half year 1999. Shareholders may elect to receive the interim dividend either in cash or in ordinary shares. The value of the ordinary share dividend will be 2% to 5% lower than the value of the cash dividend. The election period starts on September 2, 1999. The dividend is payable as of September 27, 1999. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the private securities litigation reform act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Certain information contained in this press release, particularly in the "Outlook" section, is forward-looking. By their nature, forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve risk and uncertainty because they relate to events and depend on circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or that will occur in the future. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the actual effects of recent and future regulatory changes and technological developments, mail and express usage levels, and competition from alternate technologies, globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation , levels of spending in major economies, the economic climate in Europe and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. , levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, uncertainties associated with developments related to the Year 2000 problem Year 2000 problem, Y2K problem, or millennium bug, in computer science, a design flaw in the hardware or software of a computer that caused erroneous results when working with dates beyond Dec. 31, 1999. and the introduction of the Euro The introduction of the euro took place principally between 31 December 1998, when the exchange rates between the euro and legacy currencies in the Eurozone became fixed, and early 2002, when euro notes and coins were introduced and the legacy currencies withdrawn. , unexpected costs of integrating recently acquired businesses and future business combinations or dispositions. Continuing investment in infrastructure (airplanes, depots, and trucks) is important to maintain and increase market share. Infrastructure investment requires substantial lead time and involves significant fixed costs fixed costs, n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). . Any mismatch mismatch 1. in blood transfusions and transplantation immunology, an incompatibility between potential donor and recipient. 2. one or more nucleotides in one of the double strands in a nucleic acid molecule without complementary nucleotides in the same position on the other between investment in infrastructure and actual market growth (or increases in TPG's market share) could result in costly excess capacity (if investment is too great) or losses of market share (if investment is insufficient). -0-
Figures 1st half year results TNT Post Group
Income Statement Overview TNT Post Group (million)
1st hyr 1st hyr 1st hyr
Description 1999 1999 1998
EURO NLG NLG
-------------------------------------------------------------------------------------------------------------
Net sales 3,889 8,570 7,771
Other operating revenues 34 75 179
Total operating revenues 3,923 8,645 7,950
Salaries and social
security contributions 1,462 3,222 2,974
Depreciation, amortization
and impairments 102 226 221
Operating expenses 2,030 4,473 4,070
Total operating expenses 3,594 7,921 7,265
Operating income 329 724 685
Financial income and expenses (23) (49) (48)
Income before income taxes 306 675 637
Income taxes (121) (266) (269)
Results from investments
in affiliated companies (1) (2) 0
Net income before
minority Interests 184 407 368
Minority interests (1) (3) (3)
Net Income 183 404 365
Basic net income per
Ordinary Share and per ADS 0.385 1) 0.85 1) 0.77 2)
(in Euro and NLG respectively)
Diluted net income per
Ordinary Share and per ADS 0.385 3) 0.85 3) 0.77 2)
(in Euro and NLG respectively)
-------------------------------------------------------------------------------------------------------------
1) Based on the average amount of 475,942,322 Ordinary Shares,
including shares represented by ADS
2) Based on the average amount of 475,173,350 Ordinary Shares,
including shares represented by ADS
3) Based on the average amount of 476,150,915 Ordinary Shares,
including shares represented by ADS
Mail operating revenues (million)
1st hyr 1st hyr 1st hyr
1999 1999 1998
EURO NLG NLG
----------------------------------------------------------------------
Domestic Mail 833 1,835 1,721
Direct Mail (a) 520 1,147 1,065
International Mail(a) 317 698 690
Post offices and other 108 238 289
---- ---- ----
Total Mail 1,778 3,918 3,765
----------------------------------------------------------------------
(a) Comparable 1998 changed due to reclassifications
Express operating revenues (million)
1st hyr 1st hyr 1st hyr
1999 1999 1998
EURO NLG NLG
----------------------------------------------------------------------
Express Europe 1,284 2,829 2,551
Express International 298 657 648
----- ----- -----
1,582 3,486 3,199
Total Express
Logistics operating revenues (million)
1st hyr 1st hyr 1st hyr
1999 1999 1998
EURO NLG NLG
Total Logistics 647 1,426 1,110
Operating Revenues (million)
1st hyr 1st hyr 1st hyr Variance
1999 1999 1998 %
EURO NLG NLG
-----------------------------------------------------------------------------------------------------------
Operating revenues segments
Mail 1,778 3,918 3,765 4.1
Express 1,582 3,486 3,199 9.0
Logistics 647 1,426 1,110 28.5
Intercompany (84) (185) (124)
Total operating revenues 3,923 8,645 7,950 8.7
Total operating expenses 3,594 7,921 7,265 9.0
Total operating income 329 724 685 5.7
Operating income (million)
1st hyr 1st hyr 1st hyr Variance
1999 1999 1998 %
EURO NLG NLG
----------------------------------------------------------------------
Mail 373 823 806 2.1
Express 50 109 142 (23.2)
Logistics 40 89 72 23.6
Total earnings from operations 463 1,021 1,020 0.1
Amortization of goodwill 27 61 62 (1.6)
Non-recurring costs 107 236 273 (13.6)
Total operating income 329 724 685 5.7
----------------------------------------------------------------------
Balance sheet after appropriation of net income
Balance sheet (million)
June 30, June 30, December 31,
1999 1999 1998
EURO NLG
NLG
EURO NLG NLG
----------------------------------------------------------------------
Fixed Assets
Intangible assets 2,042 4,501 3,253
Property, plant
and equipment 1,650 3,636 3,245
Financial fixed assets 506 1,114 940
Current assets 2,016 4,444 4,017
Total Assets 6,214 13,695 11,455
Group equity
Shareholders' equity 2,031 4,476 4,088
Minority interests 11 25 16
Provisions 1,515 3,338 2,956
Long term liabilities 401 884 483
Current liabilities 2,256 4,972 3,912
Total Liabilities and
Group Equity 6,214 13,695 11,455
----------------------------------------------------------------------
Cash Flow Statement
Consolidated Cash Flow Statement (million)
Description June 30, June 30, June 30,
1999 1999 1998
EURO NLG NLG
Net Cash Flow
Net cash provided by
operating activities 208 459 777
Net cash used in investing
activities (558) (1,229) (622)
Net cash provided by financing
activities 126 277 33
------- -------- --------
--
Changes in cash and cash
equivalents (224) (493) (188)
US GAAP
Net income (million)
Description June 30, June 30, June 30,
1999 1999 1998
EURO NLG NLG
Net income under Dutch GAAP 183 404 365
Adjustments for:
Employment schemes and group
reorganization (43) (94) 42
Pension costs (54) (119) (82)
Other 44 96 12
------- ------- -------
--
Net income under US GAAP 130 287 337
Basic net income per Ordinary
Share and per ADS under
US GAAP (in guilders) 0.274 (a) 0.60 (a) 0.71(b)
Diluted net income per
Ordinary Share and per ADS
under US GAAP (in guilders) 0.274 (c) 0.60 (c) 0.71(b)
(a) based on the average amount of 475,942,322 Ordinary Shares,
including shares represented by ADS
(b) based on the average amount of 475,173,350 Ordinary Shares,
including shares represented by ADS
(c) based on the average amount of 476,150,915 Ordinary Shares,
including shares represented by ADS
TNT Post Group is the world's first publicly traded postal
service and is an international leader in Mail, Express and Logistics
services. In the Netherlands, the Group operates PTT Post, Europe's
most efficient and profitable postal service, and TNT Post is also
pursuing local and international Mail opportunities selectively
throughout Europe. TNT is Europe's leading Express delivery company
and is also expanding its presence in the Asia-Pacific region, while
TNT's Logistics business concentrates on global supply chain
management to the automotive and electronics industries. TNT Post
Group trades on the stock exchanges in Amsterdam, New York, London and
Frankfurt.
Information on TNT Post Group ordinary shares is available on
Bloomberg under the symbol TPG NA and on Reuters under TP.AS. ADRs,
equal to one ordinary share, trade under the symbol TP on the NYSE.
Additional information is available on TNT Post Group's website:
http://www.tntpost.com
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