Norway Post and TNT extend cooperation

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Norway Post and mail, express and logistics company TNT N.V. have signed a co-operation agreement outlining the two parties' continued close cooperation.

The cooperation between Norway Post and TNT is based on an agreement both companies entered into in May 2004 to jointly provide international express products to Norwegian customers. The companies now announce their ambition to extend their cooperation to include other product areas.

Mr. Kaare Frydenberg, CEO of Norway Post, and Mr. Peter Bakker, CEO of TNT, signed the Co-operation Agreement today in the Netherlands. This includes an agreement to immediately set up a task force to explore potential areas of mutually beneficial co-operation in mail, mail related services, express and logistics services.

Norway Post has looked for an international partner in order to meet its customers' needs for global solutions. TNT wishes to expand its network with a partner in the Norwegian and Nordic market for its business customers. By benefiting from synergies and mutual strengths, Norway Post and TNT will be able to further improve both parties' services to their Norwegian and Nordic customers.

Kaare Frydenberg, CEO of Norway Post commented: "Our experience with TNT and our cooperation in respect of the express service has been good. We now wish to build on this and develop closer cooperation in several areas, with a view to strengthening our international services to our customers."

Mr. Peter Bakker, CEO of TNT, is delighted to announce the co-operation with Norway Post: "This is another significant step in our international strategy. The combined benefits of the agreement will allow us to extend our reach within the region by offering our customers a wider ranging and more competitive service. We can also jointly explore other areas of international growth together."

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