CEVA Announces Retirement of Former CEO David Kulik

Hoofddorp, The Netherlands (ots/PRNewswire) -

- Kulik Continues Chairing Board of Chinese Joint Venture

The Board of Directors of CEVA Group plc. announced today that
David G. Kulik, CEVA's Vice Chairman and former CEO, has advised the
Company of his retirement, effective February 22nd, 2008. The Company
also announced that they have entered into an agreement with Mr.
Kulik wherein he will be a consultant to management as well as
continue in his position as Chairman of the Board of ANJI-TNT, the
joint venture between CEVA Logistics and Shanghai Automotive
Industries Corporation - SAIC.

Gareth Turner, partner of Apollo Management, said "Dave has been a
leader in the global logistics industry having been the CEO of CTI
LogistX for a number of years and then with TNT as head of their
Logistics division. He led the recovery and sale of TNT Logistics and
was integral in the transformation of the company to CEVA as a
portfolio company of Apollo Management. We are also pleased that he
will continue to be associated with CEVA into the future and we thank
him for his past service to the Company."

Kulik stated, "I am extremely proud of this organization and the
success of 50,000 dedicated people in the transition to CEVA. I have
been fortunate to lead the Company during an exciting period and I am
confident that Apollo has positioned CEVA to achieve even greater
levels of growth under the leadership of our industry's best
management team. Thank you to all for your contribution and loyalty
to CEVA."

CEVA Making Business Flow

CEVA Logistics supply chain management is recognised by its
customers for making their business flow through our commitment to
their success. CEVA focuses on a diverse range of market sectors
including automotive & tyres, technology, industrial, retail &
consumer goods, health care, publishing, aerospace and oil & gas. We
offer our customers increased efficiency and reduced transit times,
thanks to our ongoing focus on operations excellence and the
visibility and control that we create in supply chains. As a leading
global logistics company, we provide end-to-end design,
implementation and operation of logistics solutions in contract
logistics, freight forwarding, distribution management and
transportation management for large and medium-sized national and
multinational companies.

CEVA combines the heritage of two great companies, TNT Logistics
and EGL, which merged in August 2007. We employ more than 50,000
people and operate an extensive global network with facilities in
over 100 countries worldwide. We operate 614 warehouses around the
globe summing a combined space of approximately 8, 6 million square
meters. For fiscal year 2006, CEVA reported combined pro forma sales
of EUR 6 billion. CEVA is an Apollo portfolio company. Apollo is one
of the leading private equity investors in the world. CEVA's CEO is
John Pattullo. For more information http://www.cevalogistics.com

About Apollo Management

Founded in 1990, Apollo is a leading private equity and capital
markets investor with more than 17 years of experience investing
across the capital structure of leveraged companies. The firm employs
over 140 professionals and has offices in New York, Los Angeles,
London, Singapore, Frankfurt and Paris. Since its inception, Apollo
has managed more than US$41 billion of capital across a wide variety
of industries both domestically and internationally. The firm's most
recent private equity fund and its co-investment affiliate have
capital commitments of approximately US$11.6 billion.

ots Originaltext: CEVA Logistics
Im Internet recherchierbar: http://www.presseportal.de

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For more information contact: Paula Satink, Senior Public Relations,
+31-23-568-3492, Paula.Satink@cevalogistics.com