COMMERCIAL ANNOUNCEMENT

COVID-19 Crisis

Declaration of Force Majeure

 The spread of the COVID-19 virus throughout all continents is currently disrupting all aspects of normal
business activity. At the same time, almost all governments are imposing increasingly stringent
prevention and protection measures.

 The serious potential health risks to which our employees, our suppliers and more generally, all our
stakeholders are being subjected, are creating constant obstacles to our activities in all affected
countries. Our entire global workforce is continuously engaged in attempting to limit these disruptions,
deploying continuity plans whose aim is to maintain the highest possible levels of service for our
customers.

 The COVID-19 virus and the necessary response measures being taken by governments are entirely
outside the control of CEVA Logistics. As they were unforeseeable, they fall within the definition of
'Force Majeure' - the principles of which are universally recognized in business, and enshrined in law.

 Accordingly, CEVA has been forced to declare ‘Force Majeure’. This means that it is temporarily
relieved of its normal contractual obligations where these are rendered impossible or impracticable,
due to the Coronavirus epidemic and its effects.

 Having declared Force Majeure, CEVA Logistics reserves the right to modify all or part of its services,
to change its working procedures and any previously agreed rates and prices, to levy surcharges, or
otherwise to take any measures necessary to adjust its business operations and its obligations to its
customers, suppliers and other stakeholders, in response to the prevailing circumstances.

This announcement applies to all CEVA Services, including (but not limited to) its Air Freight, Ocean
Freight, Ground Freight, Rail, Customs brokerage and Contract Logistics services.

Please rest assured that this step has only been taken due to the exceptional circumstances in which CEVA
Logistics is currently operating. CEVA is continuously monitoring the situation and will provide further updates
as and when these become available.

CEVA Logistics
10, Place de la Joliette – 13 002 Marseille – Tél. : +33 (0)4 13 65 07 00
CEVA France – Société par actions simplifiées à associé unique au capital de 1 000 euros – 849 113 337 R.C.S Marseille – Code TVA FR 34 849 113
337 www.cevalogistics.com