Express Logistics Group Limited (ELG) is pleased to announce it has entered into a conditional agreement with Lyttelton Port of Christchurch (LPC) to purchase the businesses and assets of the International division of New Zealand Express (2005) Limited (NZE).

ELG is a leading New Zealand based international logistics service provider, offering a complete range of freight forwarding and customs brokerage services.

"This acquisition provides further depth and scale to our existing New Zealand branch network," said ELG Managing Director, Graeme Mann. "Pending completion, we look forward to providing enhanced service levels to NZE's international clients through the combined strengths of NZE's international division and ELG."

Settlement for the transaction is set for 7 April 2006.

For further information contact:

GRAEME MANN
Managing Director
Express Logistics Group Limited
(09) 275 4000