RNS Number:5864J
TPG N.V.
03 April 2003


Press release           ------------
               

Corporate Head Office       Date
                            3 April 2003


TPG acquires German unaddressed mail distributor blitzpunkt

Mail, express and logistics company, TPG N.V, through its subsidiary TPG Post
Holdings (Deutschland) GmbH in Germany, has today acquired a 100% stake in
blitzpunkt GmbH (blitzpunkt), an unaddressed mail distribution company based in
eastern Germany.

blitzpunkt, which generated revenues of around EUR 10 million in 2002, delivers
355 million leaflets and 19 million free newspapers per year. The company gives
TPG Post access to 8,000 round-based deliverers offering full coverage to over
1.9 million households in the Saxony and East Thuringia (Gera) regions in the
former East Germany. The acquisition also establishes a stepping stone for
further regional expansion.

Harry Koorstra, Group Managing Director of TPG Post, says: "By acquiring
blitzpunkt, which covers 5% of all German households, TPG Post is continuing its
steady build-up of coverage and density in the German unaddressed mail market.
This network expansion is a key part of TPG's strategy to become the second
largest mail company in Germany and the first truly pan-European mail company."

This is the company's second acquisition in Germany this year. In January, TPG
Post acquired Werbeagentur Fischer, a market-leading unaddressed mail
distributor in South East Germany. TPG Post now has strong unaddressed
activities in the north-west, south-east and eastern parts of Germany, plus
Berlin and Baden-Wurtemberg.

With this latest acquisition, TPG Post's unaddressed mail network in Germany now
covers some 16.5 million households with around 28,500 round-based deliverers in
the country. Besides unaddressed mail activities, these unaddressed networks
also deliver over 21 million addressed magazines.

TPG Post also has addressed mail activities in Germany via EP Europost, a joint
venture between TPG Post and Hermes Versand Service, a subsidiary of mail-order
company the Otto Group. Furthermore, TPG Post has addressed city mail networks
in the western part of Germany. In addition, its subsidiary Cendris is active in
the areas of data and document management.

This contract is subject to approval by the German anti-monopoly authorities.

Notes to editors

TPG N.V. with its two brands TNT and Royal TPG Post, is a global provider of
mail, express and logistics services. The group employs over 150,000 people in
62 countries and serves over 200 countries. For 2002 the company reported sales
of EUR 11.7 billion, an increase of 5% over the previous year. TPG N.V. is
publicly listed on the stock exchanges of Amsterdam, New York, London and
Frankfurt.

For further information, please contact (not for publication):

Tony Danby,

Senior Press Officer

TPG Media Relations

Tel: + 31 20 500 6426

Mobile: +31 6 233 083 32

E-mail: Tony.Danby@tpg.com


                      This information is provided by RNS
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