We now reach every company in the Nordic countries and the Baltic region:
Pan Nordic Logistics’ Nordic post alliance expands in the Baltic Region

Over 85 percent of Nordic companies send parcels and pallets within the Nordic countries and the Baltic region. To meet the needs of these customers Pan Nordic Logistics (PNL), owned by the Norwegian and Danish postal companies, has today signed an agreement with postal companies in Estonia, Latvia and Lithuania. The result is a comprehensive network that reaches every household and enterprise in the Nordic and Baltic regions. The partnership also includes sales and marketing. This new partnership is expected to deliver a volume increase in the region of 45 percent.

More and more postal companies are joining forces with PNL. On this occasion it is the postal companies in Estonia, Latvia and Lithuania. The Baltic region has expanded rapidly in the last few years. Many Nordic and other European companies have established a presence there. The future looks bright, too. In 2004 the three Baltic nations will join the EU, which will make it very simple for Swedish companies to reach a new market with a population of eight million.

“We have been working in close partnership with the Finland Post Corporation since last autumn. Now we are taking this a step further and entering into an alliance with the Baltic postal companies. This means we can now offer the most comprehensive Nordic and Baltic network in this sector and so help our customers reach every home and business in the region,” says Benny Rhe Hansen, CEO of Pan Nordic Logistics.

Finland Post Corporation is now sharing its expertise in the Baltic region and will be an active partner in the new Baltic co-operative enterprise. For instance, PNL will be using Finland Post Corporation´s production solutions for logistics between the Nordic and Baltic regions.

“Our new partnership agreement with PNL will bring us a large step closer to our goal of becoming the best logistics company in Estonia. The new partnership will enable us to offer our customers the same services in the Baltic region and Nordic countries and to the rest of the world,” says Alo Streimann, Chairman of The Management Board of the Estonian Post Office.

Further information:
Benny Rhe Hansen, CEO Pan Nordic Logistics +45 40 30 55 88
Alo Streimann, Chairman of the Management Board of AS Eesti Post, Tel. (0) 625 7200
Mariann Eriksson, Manager PR Pan Nordic Logistics +46 702 10 12 61

More about the Postal companies in Estonia, Latvia and Lithuania:
The Estonian Post Office is the largest postal company in the Baltic region. In 2002 it delivered 70.3 million letters and 2.2 million parcels. Altogether 157 million letters and almost three million parcels were delivered in the entire Baltic region. The Estonian Post Office had a turnover of EEK 630.3 million in 2002. This was a 3.5 percent increase in turnover compared with the previous year and profits improved by 25 percent.

About Pan Nordic Logistics:
Pan Nordic Logistics AB is operating on the international logistic market. Our aim is to become the leading Nordic player in the courier, express and parcel market. We offer our customers CarryOn services, which are reliable, cost effective and easy to use, and an international network with a strong Nordic support.

Pan Nordic Logistics was established in 1997 and is owned by Posten Norge AS and Post Danmark A/S. Our head office is situated in Stockholm and we have branch offices in Norway, Denmark, Finland and Sweden. There are currently about 160 employees. Turnover in 2001 was SEK 1.1 billion. For further information, see www.pannordic.com