CEVA expands presence in Middle East with new warehouse

Dubai, UAE, 30 March 2010 – CEVA Logistics, a leading global supply chain management company, today announced that a new state of the art warehouse and office facility will be built in Jebel Ali Free Zone (Jafza), Dubai, expanding CEVA’s presence in the Middle East.

The new warehouse supports CEVA’s growth strategy in the Middle East, which is focused on increasing its customer base and offering shared user and consolidated services to customers to realize cost and operating efficiencies. The opening of this facility will enable the expansion of CEVA’s contract logistics capabilities in the region and goes a significant way towards achieving an ambitious plan to have 100,000 sq m of warehouse space by the end of this year.

The new purpose built facility, scheduled for completion by the end of 2010, will incorporate the latest technology features and will be LEED (Leadership in Energy and Environmental Design) certified. The new warehouse is being developed in collaboration with Gazeley, global developer of highly efficient, environmentally friendly logistics and industrial spaces and designed to meet the highest standards in environmental construction and efficiency. This is the second project CEVA with Gazeley have partnered on, beginning last year when CEVA leased a unique 12,000 sq m pyramid building in Dubai. This state of the art office and warehousing facility has a pyramidal structure to embody CEVA's distinct brand and now acts as a central hub for all regional customers, also serving as the Company’s Middle East headquarters.

Salma Hareb, CEO, Economic Zones World, said: “CEVA is recognized as an innovator that demonstrates excellence in logistics and supply chain management and this ground-breaking design marks yet another step in the right direction. We congratulate CEVA on this important occasion. We are confident that the new warehousing complex will facilitate operational excellence and help deliver solutions within our dynamic supply chain. Both Gazeley and Jafza remain committed to creating the right environment to help CEVA thrive in the region.”

Shamsudeen Ahmed, CEVA’s Regional Vice President, Middle East, said: “The new facility is a solid demonstration of our continued commitment to the United Arab Emirates and growing our footprint in the region, and it delivers infrastructure that is tailored to meet the stringent quality and environmental standards expected. This new facility has been developed to host a range of business sectors with special key details included in the design that cater for the region’s key growth sectors such as healthcare, retail, consumer, technology, aerospace, automotive, industrial, oil and energy.”

Gianfranco Sgro, President of CEVA in Southern Europe, the Middle East and Africa, said: “The new facility marks another significant and concrete milestone in CEVA’s regional growth and expansion strategy. We have improved our network of local warehouses, taking our total space in Jafza zone to over 168,000 sq m and our built-up area to 95,800 sq m. This new tailor-made warehouse facility will enable us to further optimize our logistics solutions, fully combining contract logistics and freight management, thus making CEVA a truly integrated supply chain player in the region.”

The new facility will cover a total area of 122,127 sq m in the South Zone of the Jebel Ali Free Zone. This large area has been carefully developed to ensure it is used to maximize CEVA operations, providing the high level operations excellence CEVA is known for. 63,000 sq m of the building will house two units: the first will offer over 35,000 sq m of warehousing and 500 sq m office space. The second will provide over 26,000 sq m warehousing and a further 400 sq m office space. The warehouse will provide over 25,000 sq m for an Ambient Center and over 37,000 sq m to the Temperature Control Chamber catering to the requests of customers operating in healthcare, retail, consumer and technology sectors.

An announcement ceremony hosted by CEVA took place today morning. Guests included Salma Hareb, CEO of Economic Zones World (EZW) and Gazeley top management along with Shamsudeen Ahmed, Regional Vice President for CEVA in the Middle East and Wade Thompson, CEVA’s Regional Director for Contract Logistics and Colin McKinlay, CEVA’s Regional Director for Freight.

For more information contact:

Danilo Schipani, CEVA

+39 02 8923 0354

danilo.schipani@cevalogistics.com

Gazeley

Gazeley, a global developer of highly efficient, environmentally friendly logistics and industrial spaces, is part of Economic Zones World’s portfolio. EZW is the global provider of sustainable industrial and logistics infrastructure solutions. The company, based in Dubai, aims to create a robust network of economic zones, technology, logistics and industrial parks as well as build-to-suit developments across the world with an objective to support the dynamic expansion of its rapidly growing international customer base. EZW’s current portfolio includes also: Jafza, one of the world’s largest free zones; TechnoPark, a research driven business and industrial park, and Dubai Auto Zone, a comprehensive market place for the Auto industry.

CEVA - Making business flow

CEVA Logistics provides world class supply chain solutions for large and medium-size national and multinational companies across the globe. As an industry leader, CEVA offers customers complete supply chain design and implementation in contract logistics and freight management, alone or in combination. CEVA’s integrated global network has facilities in over 170 countries and more than 46,000 employees; all dedicated to delivering consistently excellent operations and supply chain solutions. For the year ending 31 December 2009, the Group reported revenues of €5.5 billion. For more information, please visit www.cevalogistics.com

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:

The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.