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The GroupInvestor Relations
London 20.February 2006

Tradeteam wins 87 million euros four-year contract with Mitchells & Butlers

Tradeteam, an Exel company and now part of DHL, has won a four-year contract with Mitchells & Butlers, the leading operator of managed pubs and restaurants in the UK, which include brand names such as All Bar One, Harvesters and Vintage Inns, worth more than 87 million euros (£60m). Tradeteam will provide warehousing and distribution for beers, ciders, wines and spirits.

Tradeteam will distribute to over 1,900 Mitchells & Butlers outlets across the UK from its network of more than 30 Tradeteam depots. In addition, Tradeteam will replenish and control stocks as well as provide a telephone helpline to serve the different outlets with any queries they may have regarding their deliveries.

Simon Stacey, UK Managing Director for Tradeteam, commented, "Mitchells & Butlers has an extensive wine offering sourced from all four corners of the world. Dispatch to customers in a timely fashion to match food menu changes is critical. We are delighted to be able to meet Mitchells & Butlers requirements and look forward to working with the largest managed pub company in the UK."

Colin Smith, Head of Supply Chain, Mitchells & Butlers, said, "We needed to feel confident that a single supplier for the distribution of our wet products would be able to provide us with as much security as multiple providers. In addition, we required a provider that would empathize with our objective of being the number one high street retailer by showing flexibility and being proactive with ongoing development. Tradeteam has met all of our aspirations."

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