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Kerry expands with joint ventures

PRESS RELEASE

September 22, 2014: Kerry Logistics Network Limited ("Kerry Logistics"; Stock Code 636.HK), a leading logistics service provider in Asia, is expanding its network and IFF operations in Oceania with new joint ventures in Australia and New Zealand.

Kerry Logistics expanded its IFF global network to Oceania through a partnership with Lead Logistics, an IFF company based in New Zealand, to form Kerry Logistics (Oceania). Combining Lead Logistics' local management and competence, with Kerry Logistics' industry expertise and extensive global network, the joint ventures will tap into the strong trade between Asia and Oceania, as well as the Trans-Tasman trade between Australia and New Zealand. Kerry Logistics (Oceania) offers services in air and ocean freight, customs brokerage and domestic forwarding. With the new joint ventures, Kerry Logistics is now one of the few logistics companies with the ability to provide daily Trans-Tasman airfreight services in the market.

William MA, Group Managing Director and Executive Director of Kerry Logistics said, "These joint ventures represent another significant milestone in our development in Oceania. It not only links the Trans-Tasman market to our Asian and global network, but also enhances our service capabilities in the region. Looking ahead, we will continue to strengthen our IFF network expansion through both organic growth and joint venture acquisitions."

-ENDS-

About Kerry Logistics Network Limited (Stock Code 636.HK)
Kerry Logistics is a leading logistics service provider in Asia with extensive operations across Greater China and the ASEAN region. It is principally engaged in the integrated logistics and international freight forwarding businesses and currently has more than 550 office locations in 37 countries and territories.

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