1 KOTRA SEMINAR April 14, 2005 Seoul, Korea

2  Introduction of Geodis- Vitesse Contents  Logistics Procedures  Logistics Price Structure

3 Geodis Group Worldwide SALVEPAR (Société Générale) 26,5% SALVEPAR (Société Générale) 26,5% AGF 8,6% AGF 8,6% SCETA 43,6% SCETA 43,6% PUBLIC ( Paris Stock Exchange ) 21% PUBLIC ( Paris Stock Exchange ) 21% Net Sales Euro Employees Established in > 120 countries Transport fleet of units m2 warehouse space

4 1,000 employees 200,000 m² of warehousing space 90 Trucks, 200 Trailers Sales € 170 million Geodis Vitesse Benelux

5 Warehouses in Netherlands Rotterdam Venray Amsterdam Venlo

6 Geodis – KEDC Rotterdam Sqm. (10,000 pyung) pallet positions Type-E bonded Warehouse Temperature Controlled

7 Geodis Service Range  Overseas. Air and sea freight. Customs operations  Logistics. Supply Chain Management. Storage and Distribution. Order picking. Value Added Logistics. Reverse Logistics  European Distribution  SERVICES

8  Quality & Quantity Check  Sorting  Barcoding  Palletizing  Storage  Order-picking Korea (Busan) Rotterdam ECT Term. Shipment KEDC Warehouse (Geodis) Trucking T1-Doc. Buyer / Consumer Korean Participating Co. Outbound Order Customs Formalities Commercial Invoicing Distribution Returns Stock Report Fiscal Rep. Import Duty Logistics Procedures

9 Customs Clearance  Netherlands or  the Country of Final Destination  Final Customs Clearance can be done in :  the Netherlands until the 10th Following Month  Other Countries Sometimes Immediately  Payment of Duty is deferred in :

10 Fiscal Representation  Admin with General License * Please refer to hands-out for more details  The Tax Representative is granted to:  is applicable in the Netherlands or  to be Deferred to Country of Destination  VAT is a Consumption Tax within the EU:

11  Inbound Logistics Price Structures  Storage  Outbound  Physical Distribution

12  Seafreight and other charges  Seafreight and other charges. Ocean freight € THC € 137,50. Haulage € 187. Customs documentation € 19,50  Inbound * Costs to bring 1x 40ft container Pusan to KEDC Rotterdam Total : € Total : € Logistics Price Structure

13 Geodis Services & Rates   Unloading and Storage. Unloading per carton 900 x € 0,55 = € 528. Put-away per pallet 32 x € 4,17 = € 33,44. Inbound administration 1 x € 27,50 = € 27,50. Storage per palletlocation 32 x € 6,45 = € 206,40  Storage *Costs unloading and storage 1x 40ft container in KEDC Total : € 895,34 Total : € 895,34 *1 x 40ft container = 900 cartons (32 pallets after unloading) Logistics Price Structure

14   Order Processing Costs. Order handling fee 1x € 17,85= € 17,85. Customs clearance 1x € 9,50 = € 9,50. Picking per pallet 5x € 5,68 = € 28,40. Supply of pallet 5x € 7,85 = € 39,25. Issuing commercial invoice 1x € 5,50 = € 5,68  Outbound *Costs to process an outbound order of 5 pallets(=125 cartons) Total : € 100,50 Total : € 100,50 *Excluding EC import duties and freight Logistics Price Structure

pallets to Paris € 229,00. 5 pallets to Amsterdam € 153,00  Physical Distribution/Transportation * Costs to deliver 5 pallets (= 125 cartons) to two different destinations * Costs to deliver 5 pallets (= 125 cartons) to two different destinations Total : € 382,00 Total : € 382,00 *Excluding EC import duties  Delivery Terms (Buyer’s Option)  Delivery Terms (Buyer’s Option) DDP DDU Ex-warehouse Delivery Duty Paid Delivery Duty Unpaid Logistics Price Structure

16 Geodis Quality Standards ISO 9001:2000 certificate Quote of Lloyd’s (external auditor): " The Quality System is very well implemented, the MBF (Management By Fact) structure covers all the Process- indicators, analyses and corrective and preventive actions. This allows Geodis Vitesse to achieve total Customer Satisfaction” * New ISO-standard ISO 9001:2000 achieved Feb * Last audit Lloyd’s: July 8, 2003

17 Geodis Vitesse Benelux Mr. Sjaak Weima Mr. Sjaak Weima. Director Sales & Marketing. Mr. Sjaak Weima Mr. Sjaak Weima. Director Sales & Marketing.  Contact : Thank You