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| Disclosure of shareholdings | 09/29/2008
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| In compliance with the Federal Act on Stock Exchanges and Securities Trading (Bundesgesetz über die Börsen und den Effektenhandel) Panalpina World Transport (Holding) Ltd. received the following notification on 26 September 2008:
Merrill Lynch & Co., Inc., 4 World Financial Center, New York, NY 10080, USA, notifies that due to an acquisition on 19 September 2008, indirectly through the group companies BlackRock Investment Management (UK) Limited, 33 King William Street, London EC4R 9AS, UK, Merrill Lynch Capital Markets AG, Stockerhof, Stockerstrasse 23, P.O. Box 773, 8039 Zürich, CH, Merrill Lynch, Pierce, Fenner & Smith, 4 World Financial Center, 250 Vesey Street, New York, NY 10080, USA and Merrill Lynch International, 2 King Edward Street, London EC1A 1HQ, UK, it has increased its purchase positions to total 785 033 nominal shares, conferring 3.14% of voting rights of Panalpina World Transport (Holding) Ltd. The responsible contact person for this notification is Mr Bjoern Maag, Merrill Lynch Capital Markets AG, Stockerstrasse 23, 8002 Zürich, CH.
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| The Panalpina Group
The Panalpina Group is one of the world's leading suppliers of forwarding and logistics services, specializing in intercontinental air freight and ocean freight shipments and associated supply chain management solutions. Thanks to its in-depth industry know-how and state-of-the-art IT systems, Panalpina provides globally integrated door-to-door forwarding solutions tailored to its customers' individual needs. The Panalpina Group operates a close-knit network with some 500 branches in 90 countries. In a further 60 countries, it cooperates closely with partner companies. Panalpina employs over 15 000 people worldwide.
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