New appointments to Schenker AG Board of Management

Lieb now Chairman • Nutzinger now responsible for Land Transport

(Berlin, May 19, 2008) With the selection of a new member responsible for the Land Transport business unit, the Board of Management of Schenker AG, Essen has now been newly appointed.

Dr. Thomas C. Lieb (49) will assume the chairmanship of the Board of Management of Schenker AG on July 1, 2008. He will remain responsible for the Air/Ocean Freight division as well as for the Asia-Pacific and America regions.

Karl Nutzinger has been appointed to the Board of Management of
Schenker AG in Essen with effect from January 1, 2009. He will assume responsibility for the European Land Transport business unit as well as the management of this region. Hans-Jörg Hager, who has held responsibility for this area to date, has resigned with effect from June 30, 2008. Until Nutzinger assumes his duties, Dr. Detlef Trefzger will head up the business unit. Decisions to be taken will still be subject to the relevant bodies.

Nutzinger (50) was the Chairman of the Management Board at Wincanton Deutschland. Previously he was the CEO of GeoLogistics Ltd. in London from 2003 until 2006 and prior to that he worked at Schenker AG in Essen as the Regional Director Europe Central from 2000 to 2003.

Dr. Detlef Trefzger, member of the Board of Management responsible for contract logistics and supply chain management, will also assume responsibility for the Middle East/Africa region as of July 1, 2008.

As member of the Board of Management responsible for Finance, Dr. Lutz Freytag has been responsible for the areas Accounting/Finance, Controlling, Risk Management and Procurement since April 1, 2008.

Peter Schumann (CIO) and Steffen W. Wurst (Human Resources) are to continue in their current positions on the Board of Management at Schenker AG.

Hager’s successor as Chairman of the Board of Management at Schenker Deutschland AG, the largest national subsidiary of Schenker AG, has not yet been appointed. To be announced shortly, his successor will be selected in consultation with Karl Nutzinger in order to ensure close cooperation.

“I am pleased that we once again have an effective team at the helm of Schenker AG. With their combined experience, Mr Lieb and his colleagues will make a significant contribution to our growth,” said Bensel, member of the Board of Management for Transportation and Logistics at Deutschen Bahn AG.

The new logistics powerhouse: Schenker and BAX Global. Together we are
now:

- No. 1 in European land transport
- No. 2 in worldwide airfreight
- No. 3 in worldwide ocean freight
- No. 6 in global contract logistics
- No. 1 in European rail freight transport
- No. 3 in integrated heavyweight freight in North America

For more information, please visit www.baxgoesschenker.com.