TNT Logistics North America Wins Two of the Automobile Industry's Top Honors; Chrysler Gold Award and Ford Q1

JACKSONVILLE, Fla.--Sept. 9, 2003--Continuing its excellence in automotive logistics, TNT Logistics North America has won two of the automotive industry's top honors in 2002, Chrysler's Gold Award and Ford's Q1 Award.

The coveted Chrysler Gold Award is presented to logistics companies whose outstanding overall performance is among the highest rated by Daimler Chrysler. This is the second straight year TNT Logistics North America has earned the Award. In addition to the Gold Award, TNT Logistics North America has earned DaimlerChrysler's Pentastar in 1990 and 1991, as well as DaimlerChrysler's Gold Pentastar Award in 1993 and 1997.

Following its winning the Gold Award, TNT Logistics North America's Jacksonville, Florida operation of Ford's truckload business won that company's Q1 Award, the highest honor for Ford preferred suppliers. The Q1 Award recognizes suppliers that have achieved a sustained level of excellence in customer satisfaction, while meeting systems and results requirements in Quality, Delivery, and Management. In addition, suppliers must have endorsements from Ford's key customers and meet Ford-defined performance metrics.

"We are pleased to have earned the top awards of these two prestigious companies," said Jeffery Hurley, Managing Director and COO of TNT Logistics North America." It demonstrates that we are successful in our striving to exceed customer expectations."

TNT Logistics North America has served many of DaimlerChrysler assembly plants since 1988, and currently provides a variety of network transportation and plant support logistics activities in Brampton Ontario, Chatham Ontario, Portage Indiana, and Nashville Tennessee. The Company provides transportation services to Ford in Canada and the United States.

The winning of Chrysler's Gold award and Ford's Q1 Award continues a tradition of excellence for TNT Logistics North America in the automotive industry as the Company has also won in recent years Honda's "Premier Partner" Award and General Motors "Supplier of the Year" Award.

TNT Logistics North America is recognized as one of the world's leading providers of customized, value-added logistics solutions to Fortune 500 companies in the automotive, tire, retail, electronics, utilities, telecom, fast-moving consumer goods, heavy machinery, and rail industries.

Headquartered in Jacksonville, Florida, TNT Logistics North America manages over 208 operations in the United States, Canada, and Mexico and offers global reach through TNT Logistics. TNT Logistics North America can be reached at 904-928-1400 or on the Web at http://www.tntlogistics.com.

TNT Logistics, a division of TPG, employs more than 32,000 people who operate in 36 countries, managing over 6.0 million m2 of warehouse space. In 2001, TNT Logistics reported sales of EUR 3.1 billion. The TNT Logistics website address is: http://www.tnt.com/logistics.

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 160,000 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. In the first half of 2003 sales have grown by 1%. TPG N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt. The TPG web site is: http://www.tpg.com.