Panalpina Disputes Shareholder Compensation Complaint

Panalpina confirms the receipt of a complaint (court of jurisdiction Laredo, Texas/USA) by Deccan Value Advisors L.P., that seeks damages from Panalpina in conjunction with stock market losses due to the withdrawal of Panalpina from domestic business in Nigeria.

Panalpina disputes any of the manifested compensation demands. The company will not further comment any details.

Deccan Value Advisors L.P., Greenwich, USA is a shareholder of Panalpina since 2006. The company owns 5% of the Panalpina shares (status 27.03.2008, see annual report 2008).