Joint Venture Positions UPS for Growth in Middle East, Turkey and Central Asia

Service Contractor in Turkey to be Acquired
ATLANTA--(Business Wire)--
UPS (NYSE:UPS) announced a new joint venture headquartered in Dubai to
coordinate management and growth of UPS express package, freight forwarding and
contract logistics services across the Middle East, Turkey and portions of
Central Asia.

UPS will have a majority stake in the new joint venture that will acquire the
small package operations of Unsped Paket Servisi San ve Ticaret A.S., its
existing service agent in Turkey. Specific terms of the deal were not disclosed.
Leadership of the new venture will come from Unsped CEO Haluk Undeger, who has
grown the operation in Turkey to be UPS`s largest service contractor. Undeger
will also own a minority share in the new joint venture. Closing is expected to
occur in the next 30 days, subject to the satisfaction of customary conditions.

"This emerging area covers trade to and from 21 countries* where UPS is
experiencing increased demand," said Dan Brutto, president of UPS International.
"We`re tapping the business acumen Haluk Undeger has shown over the past 20
years in his relationship with UPS. This joint venture will spearhead growth
among our other service agents and operations in these countries. This part of
the world has become a transportation bridge and ideal near-sourcing location
for Europe, Russia and Asia."

Revenues for Unsped have increased over 18 percent on a compounded annual growth
rate for the past three years. The nearly 2,500 employees of Unsped will
continue to be managed by the Turkish leadership team and become part of the
joint venture. Unsped systems in Turkey already link with UPS back-end
processing to provide global visibility for customers.

Increased UPS attention in this larger region also will further UPS`s
opportunity with the growing oil and natural gas industry sector.

This joint venture follows the announcement earlier this year of expanded UPS
domestic express small package pickup and delivery services offered in
Kazakhstan, Pakistan, Saudi Arabia and United Arab Emirates (UAE) with a single
technology platform. Shipping processes and information visibility for all
domestic and international package delivery services in these countries has been
streamlined.

UPS first entered the Middle East in 1987 when it established import operations
in Bahrain. The company expanded to offer a comprehensive service portfolio
combining local expertise through service contractors and joint ventures within
countries, initiating service in Turkey through Unsped in 1988. In 2004, Dubai,
UAE, became an important gateway for "around-the-world" flights between Europe
and Asia to link major business regions and leverage the UPS global network for
sorting and bypass operations in the most efficient manner.

UPS (NYSE: UPS) is the world`s largest package delivery company and a global
leader in supply chain and freight services. With more than a century of
experience in transportation and logistics, UPS is a leading global trade expert
equipped with a broad portfolio of solutions. Headquartered in Atlanta, Ga., UPS
serves more than 200 countries and territories worldwide. The company can be
found on the Web at UPS.com. To get UPS news direct, visit
pressroom.ups.com/RSS.

* Afghanistan, Azerbaijan, Bahrain, Egypt, Iraq, Jordan, Kuwait, Kyrgyzstan,
Kazakhstan, Lebanon, Oman, Pakistan, Qatar, Saudi Arabia, Syria, Tajikistan,
Turkey, Turkmenistan, Uzbekistan, United Arab Emirates, Yemen.

UPS
Susan Rosenberg, 404-828-6130

Copyright Business Wire 2009