Update on Discussions Between UPS and TNT Express

UPS125Atlanta, March 16, 2012 – UPS (NYSE: UPS) remains in constructive discussions with TNT Express N.V. regarding a potential transaction to acquire the entire issued share capital of TNT Express.

In line with regulatory requirements, UPS expresses it still has the intention to submit a request for approval of its offer document to the Netherlands Authority for the Financial Markets (AFM) within 12 weeks from its initial announcement of Feb. 17, 2012.

Further announcements will be made as appropriate.

This is an announcement as referred to in article 7 paragraph 1 sub a of the Decree on Public Takeover Offers (Besluit openbare biedingen Wft).



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