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| Disclosure of shareholdings | 06/10/2008
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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. has received the following notification on 6 June 2008:
Farallon Capital Management LLC together with Farallon Partners LLC, announce to have reduced their purchase positions indirectly through the group companies Farallon Capital Partners LP, Farallon Capital Institutional Partners LP, Farallon Capital Institutional Partners II LP, Farallon Capital Institutional Partners III LP, Farallon Capital Offshore Investors II LP and Farallon Capital Offshore Investors, Inc., all at One Maritime Plaza, Suite 2100, San Francisco, CA 94111, USA, due to a sale on 4 June 2008, to 744 612 share purchase rights (CFD, ratio 1:1, exercise price CHF 126.85, duration: 13 months, cash settlement), conferring 2.98% of voting rights of underlying shares. The responsible contact person for this notification is Mrs Monica R. Landry, Farallon Capital Management LLC, One Maritime Plaza, Suite 2100, San Francisco, CA 94111, USA.
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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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