Ford and Vastera Expand Relationship into Europe; Ford Also Agrees to Extend Vastera Contract in US and Mexico; Vastera to Host Conference Call at 10:30 a.m. ET

    DULLES, Va.--Nov. 26, 2002--Vastera, Inc. , the leading provider of solutions for Global Trade Management (GTM), today announced that it will be assuming responsibility for Ford Motor Company's global trade operations in Europe effective December 1, 2002.
    "Vastera continues to drive substantial operational efficiencies within our global supply chain," said Roman Krygier, Group Vice President, Manufacturing and Quality for Ford. "Since taking over our North American trade operations, Vastera has reduced our duties and brokerage costs significantly. We look forward to comparable hard-dollar savings and continued excellent service in Europe as Vastera assumes responsibility for our European trade operations."
    Vastera began managing Ford's U.S. global trade operations in September 2000. Following its success in the U.S., Vastera assumed responsibility for Ford's Mexican global trade operations in February 2001, and then Ford's Canadian global trade operations a month later. This most recent European expansion with Ford has enabled Vastera to further establish its automotive global trade platform.
    In conjunction with the European announcement and as a validation of the strength of the Ford/Vastera partnership in North America, Ford has agreed to extend its current agreement for the U.S. and Mexico operations. Also, Ford and Vastera have reached agreement on the transition of Ford's operation to Vastera's software platform.
    "We are very excited to expand our strong partnership with Ford," said Mark Ferrer, President and CEO of Vastera. "I would like to thank Ford for its continued confidence in Vastera. We welcome the opportunity to work with the Ford team in Europe. We expect to leverage their considerable trade expertise to meet not only the needs of Ford, but other leading companies within Europe."
    Over the past two years, Vastera has created an unrivaled automotive platform for global trade managed services.
    Combining its industry leading technology with world-class trade expertise, Vastera is now providing global trade managed services to some of the largest automotive companies in the world, including Ford, Visteon, International Truck, Land Rover, Jaguar, Auto Alliance, DENSO and Unipart.
    Vastera will be hosting a conference call today, Tuesday, November 26th at 10:30 a.m. ET to provide further details on the agreement. The call is scheduled to last 30 minutes.
    Interested participants may access the call by dialing a toll free number in the U.S. (800) 946-0783, and a caller paid number from outside of the U.S. (719) 457-2658. The participant code for the call is 626413. Participants are asked to dial in five to ten minutes prior to the scheduled start time.
    A replay of the call will be available beginning noon on Tuesday, November 26th through December 2nd, 2002 by dialing a toll free number in the U.S. (888) 203-1112 and a caller paid number from outside the U.S. (719) 457-0820. The participant code for the replay call is 626413.

    About Ford Motor Company

    Ford Motor Company is the world's second largest automaker with approximately 335,000 employees in 200 markets on six continents. Its automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo.
    Its automotive related services include Ford Credit, Quality Care and Hertz. Ford Motor Company owns 8,000,000 shares (19.8%) of Vastera stock. For more information, please visit www.ford.com.

    About Vastera

    Vastera is the leading provider of solutions for Global Trade Management. Its solutions including software, trade management consulting and managed services, are designed to streamline global business. The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory content, which is updated daily.
    Vastera's solutions drive quick, tangible benefits for its clients by accelerating the flow of goods through the global supply chain, and reducing the associated operational costs. Vastera clients include: Ford, Visteon, Alcatel, Dell, Fonterra and Nortel Networks. For more information, please visit www.vastera.com.

    This press release includes statements, which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in Vastera's operations and business environment. These risks and uncertainties may cause actual results to differ materially from the expected results and include, but are not limited to, Vastera's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement Vastera's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Registration Statement on Form S-1, as amended, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.