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New Zealand Post And DHL In Talks On JV

For Immediate Release 04 March 2004

NEW ZEALAND POST AND DHL IN TALKS ON JOINT VENTURE OPPORTUNITY

New Zealand Post announced today that it is in discussions with the world's leading express and logistics company, DHL regarding a possible joint venture opportunity.

The dialogue relates to New Zealand Post's courier and logistics business, which include Courier Post, SkyRoad, Pace! and Contract Logistics.

New Zealand Post Chief Executive John Allen said the organisation was looking at opportunities to unlock the full potential of its courier and logistics business and strengthen its position in local and global markets.

"We recognise the need to form global alliances, and consequently are exploring the opportunity of partnering with a successful international brand."

John Allen added that New Zealand Post is committed to its courier and logistics business.

Discussions are ongoing.

ENDS

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