Danzas Forges Partnership with Lemuir Group in India

Danzas, the logistics subsidiary of Deutsche Post World Net, and Lemuir Group officially signed the joint venture agreement to
form a new entity called Danzas Lemuir Pvt Ltd in India.

The new company, in which Danzas and Lemuir Group hold 49% and 51% stake
respectively, is the result of a long-standing business relationship.

Headquartered in Mumbai, Danzas Lemuir has a combined workforce of 367 in a
total of 15 offices and warehousing facilities covering Mumbai, Goa, Pune,
Ahmedabad, Vadodara, Aurgangabad, Delhi, Agra, Moradabad, Kanpur, Ludhiana,
Kolkata, Chennai, Hyderabad and Bangalore.

Under the agreement, Danzas Lemuir will provide businesses across India with
an easy access to a full portfolio of one-stop supply chain solutions
including air and ocean freight, LCL (Less than Container Load)
consolidation to and from India, customs clearance, and project forwarding.
The key markets are Automotive, Healthcare, Electronics and Fast Moving
Consumer Goods.

Danzas Head of Intercontinental Asia-Pacific, Mr. Thomas Nieszner said: "The
partnership marks a significant milestone for Danzas in India. By combining
the outstanding strengths of both companies, Danzas Lemuir clearly has a
premier position in this important emerging market to better serve the needs
of India businesses and beyond."

Chairman of Lemuir Group, Mr. Arvind Parikh added: "The joint venture will
place Lemuir's experience and success of over 50 years on a new platform for
international transportation and integrated logistics. We are excited at the
prospect of bringing enhanced service offerings to our customers in India
and across the globe."