Infos Transport (Patrice Salini)

Communiqué d'Exel : EXEL ACQUIRES BODENOR AND BUILDS UPON EXISTING PRESENCE IN CHILE ______________________________________________________________________________________________ (London, UK – 11 October, 2004) Exel, the global leader in supply chain management, today announced its acquisition of the logistics business of Bodenor S.A. of Santiago (Bodenor), one of Chile’s top domestic third-party logistics services providers. Whilst financially this is a small acquisition (net assets acquired are less than US$1 million), strategically it enables Exel to expand relationships with key customers and further develop its business in the South Cone region (Brazil, Argentina and Chile). Additionally, Exel secures a platform for competitively priced shared-user warehousing and transportation solutions in Chile. Bodenor provides dedicated and shared-user warehousing services from two facilities in metropolitan Santiago to more than 40 customers. Since 2002, Exel has operated a