Kuwait, 24 JULY 2006 - PWC Logistics today announced the successful and timely completion of all objectives outlined in its partnership with the SPAN Group. SPAN Group is a leading provider of supply network, warehouse and office solutions to companies operating in the Middle East region.

Essa Al-Saleh, Managing Director - Corporate Development for PWC Logistics said: "PWC Logistics has expanded rapidly in the last few years. We have grown from a Middle Eastern company into a global logistics provider. This growth process has been accompanied by an increase in demands from our suppliers as well. Over the last two years, SPAN has supported us efficiently with our increased requirements. We appreciate their efforts and look forward to continuing our successful partnership with them in the coming future."

Under the strategic partnership agreement signed in July 2004, SPAN supplies PWC Logistics' with operational consultancy, warehouse and facility design, and IT integration services. SPAN also provides PWC Logistics with warehouse storage equipment that includes racking, shelving, and conveyors as well as material handling equipment on a preferred supplier basis.

Walid Daniel, Managing Director at SPAN commented: "Our experience with PWC Logistics was unique to our team. It stretched our capabilities to the maximum and we are delighted to announce the completion of all tasks commissioned to us on time and as specified." 

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About SPAN Trading
Founded in 1990, with headquarters located in Dubai and regional offices in Abu Dhabi, Lebanon and Qatar, SPAN Group is the leading provider of supply network, warehouse, and office solutions to companies operating in the Middle East. SPAN strives to build long-term relationships with its clients by providing them with innovative solutions, comprised of knowledge, technology, equipment, and training, that deliver real benefits to their operations and their earnings. For more information about SPAN Group, please visit www.span-group.com.

About PWC Logistics
PWC Logistics is a global provider of integrated supply chain solutions, with more than 450 offices located in over one-hundred countries spread across six continents. Through its network of warehousing facilities and transportation and freight management services, PWC Logistics provides its customers with flexible solutions tailored to meet their business needs. PWC Logistics customers span a wide range of industries, with a global focus on technology and consumer electronics, retail and consumer products, oil and gas, government services, as well as regional focus on many other sectors.

PWC offers specialized logistics services, including exhibition and event logistics, and project forwarding through its subsidiaries, Trans-Link and Transoceanic Shipping. PWC Logistics' GeoLogistics subsidiary is a leading global freight management and logistics provider.

PWC Logistics is a publicly traded company. For more information about PWC Logistics and its subsidiaries, please visit: www.pwclogistics.com.

CONTACT:
Nita Bhatkar
PWC Logistics
Tel: (+965) 809 222, Ext. 1154
Fax: (+965) 467 1013
Email: corp.com@pwclogistics.com
www.pwclogistics.com

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© Press Release 2006