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+63% CAGR pa 2003-2005 - CEP Research

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I. Recent developments<br />

� Plan to achieve group EBIT of at least € 5bn by 2009<br />

� EBIT guidance of at least € 3.7bn exceeded in full-year <strong>2005</strong><br />

- Revenues up 3.3% to € 44.6bn<br />

- Im<strong>pa</strong>irment on loss on DHL´s EXPRESS business in Americas region<br />

- Intention to increase dividend by at least one-third<br />

� Exel acqusition<br />

- Successful closing of Exel transaction<br />

- John Allan will lead division and join DPWN management board<br />

- Synergies of € 220m by 2008, EPS accretive in 2007<br />

� Sale of 850 branches to Deutsche Postbank<br />

- Improved sales efficiency through direct steering within Postbank’s multichannel<br />

concept<br />

2

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