GeoPost/DPDgroup to invest €90 million as cornerstone investor in the planned IPO of trans-o-flex

GeoPost/DPDgroup to invest €90 million as cornerstone investor in the planned IPO of trans-o-flex

- GeoPost/DPDgroup, the largest parcel delivery network in Europe, and trans-o-flex, the recognized German expert in active temperature-controlled logistics for the healthcare industry, announce cornerstone investment

- GeoPost/DPDgroup commits to invest €90 million as cornerstone investor in the planned IPO of trans-o-flex

Weinheim, 28 September 2021. trans-o-flex GmbH & Co. KGaA announced today that it, together with its existing shareholders, has agreed to a cornerstone investment by GeoPost/DPDgroup, which has committed to invest €90 million in the planned IPO of trans-o-flex. GeoPost/DPDgroup plans to make this investment at the IPO price and has committed to invest across the entire IPO price range, which is expected to be announced in the coming days. The agreement also gives GeoPost/DPDgroup the right to nominate a member of the supervisory board of trans-o-flex, underpinning its long-term interest.

Wolfgang Albeck, CEO of trans-o-flex: "We are excited about today's announcement and would be delighted to welcome GeoPost/DPDgroup as a future shareholder. As we continue to pursue our growth strategy, I see ample opportunity for trans-o-flex to accelerate our national and European growth. Both companies bring complementary skills and tangential infrastructure. We look forward to being able to explore and develop these opportunities together with GeoPost."

Boris Winkelmann, CEO of GeoPost/DPDgroup: "We have the highest respect for trans-o-flex as a key player in active temperature-controlled logistics in Germany. We believe that its strong expertise in specialized logistics solutions, together with its unique business model, strong track record and clear path for accelerated growth is a winning combination. This investment is part of our 2025 strategy "Together & beyond" and reflects our ambition to strengthen our position in the European Healthcare market. We look forward to working more closely together and supporting the expansion of trans-o-flex beyond Germany."

trans-o-flex on 17 September 2021 announced its intention to list its shares on the Frankfurt Stock Exchange during the fourth quarter of 2021.

Media contacts:

Sabine Kolaric
Public Relations, trans-o-flex Express GmbH & Co. KGaA
Phone: +49 6201 988 134
Email: pr@tof.de

Christoph Erhard
Kekst CNC
Phone: +49 173 530 9425
Email: Christoph.Erhard@kekstcnc.com

About trans-o-flex
trans-o-flex's core areas of expertise are logistics solutions for the healthcare, cosmetics and consumer electronics industries and other high-end, sensitive goods. The company has built up transport networks to carry goods throughout Germany and Austria at 15 to 25 degrees Celsius or 2 to 8 degrees Celsius actively temperature-controlled and documented in accordance with EU regulations for healthcare transports. These EU-GDPs require the highest standards for safety and security, cleanliness, reliability and transparency, from which all trans-o-flex customers benefit. trans-o-flex operates internationally via the networks EUROTEMP (temperature-controlled logistics) and EURODIS (in 36 European countries). In contrast to parcel and groupage services, trans-o-flex delivers parcels and pallets on a consolidated basis. trans-o-flex Express offers numerous express and time-slot deliveries, special services such as hazardous goods transportation (without minimum quantity regulation), consignment consolidation and direct deliveries. The range of services is complemented by warehousing, order picking and individual value-added services such as serialisation and deserialisation of pharmaceuticals. This means that the company covers the entire logistics chain from procurement through to fulfilment. The annual turnover of the trans-o-flex companies, which employ a total of around 1,954 people (FTEs, end of 2020), amounted to around 515 million euros in 2020. More information is available at https://www.trans-o-flex.com/

Information relating to financial terms
Adjusted EBITDA is measured as EBITDA excluding the effects of significant income and expense items which may have an impact on the comparability of earnings such as special non-recurring events.

Important Notice
This press release constitutes neither an offer to sell nor a solicitation to buy securities. The planned offering and listing of the shares of trans-o-flex Express GmbH & Co. KGaA (the "Company"), on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding the publicly offered securities of the Company should only be made on the basis of the securities prospectus. The securities prospectus will be published promptly upon approval by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and will be available free of charge from the Company, Hertzstr. 10, 69469 Weinheim, Germany, or on the Company's website).

The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

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Forward-looking Statements

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Subject to compliance with applicable law and regulations, neither the Company nor J.P. Morgan AG, Deutsche Bank Aktiengesellschaft, Jefferies GmbH and UniCredit Bank AG (together, the "Underwriters") nor their respective affiliates intend to update, review, revise or conform any forward-looking statement contained in this press release to actual events or developments whether as a result of new information, future developments or otherwise, and do not undertake any obligation to do so.

This press release does not purport to contain all information required to evaluate the Company and/or its financial position. Financial information in this press release is unaudited and certain financial information (including percentages) has been rounded according to established commercial standards. Certain data relating to market position included in this press release is sourced from third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the fairness, quality, accuracy, relevance, completeness or sufficiency of such data. Such research and estimates, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, the Company expressly disclaims any responsibility for, or liability in respect of, such information and undue reliance should not be placed on such data.

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In connection with the planned IPO, the Underwriters and their respective affiliates may take up a portion of the shares offered in the planned IPO as a principal position and in that capacity may retain, purchase, sell, offer to sell for their own accounts such shares and other securities of the Company or related investments in connection with the planned IPO or otherwise. In addition, the Underwriters and their respective affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which the Underwriters and their respective affiliates may from time to time acquire, hold or dispose of shares of the Company. The Underwriters do not intend to disclose the extent of any such investment or transactions, other than in accordance with any legal or regulatory obligations to do so.

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