Annual General Meeting 2009 approves all proposals of the Board of Directors

May 5, 2009

The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on 5 May 2009, was well attended once again. The participating shareholders represented 53,4 % of the share capital. All motions proposed by the Board of Directors were approved by a clear majority.

In their speeches, both the Chairman Rudolf W. Hug and CEO Monika Ribar acknowledged the solid annual results of the financial year 2008 that had been achieved despite a very challenging market environment. Marco Gadola who assumed the position of Panalpina’s CFO in September 2008 presented the key figures of the financial year 2008 and of the first quarter 2009 providing further insight into the company’s operational performance. Monika Ribar stressed the benefits of Panalpina’s asset-light business model, particularly in the current situation with global demand on the decline.

Sound majority for all motions

The Annual General Meeting approved the annual report, the annual financial statements and the consolidated financial statements. It further granted discharge to the members of the Board of Directors as well as the members of the Executive Board for the financial year 2008. The shareholders also followed the proposals for a dividend of CHF 1.90. KPMG AG, Zurich was re-elected as statutory auditor for the year 2009.

Further the extension for another two years of the authorized capital in the amount of maximum CHF 6 million corresponding to 3 million shares was approved in addition to other amendments of the Articles of Association.

The next Annual General Meeting is scheduled for 4 May 2010.

About Panalpina

The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, and Logistics to deliver globally integrated, tailor-made end-to-end solutions. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in more than 75 countries, and it works with partner companies in a further 90 countries. Panalpina employs 15,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.