XCHANGING WINS PROCUREMENT OUTSOURCING CONTRACT WITH CHEP EUROPE TO MANAGE A TOTAL SPEND OF GBP 375 MILLION, OVER FIVE

LONDON, Apr 06 (MARKET WIRE) --

CHEP Europe to utilise Xchanging's procurement processing platform to
streamline processes, drive efficiencies and reduce costs in non-core
procurement

LONDON, 06 April 2010 - CHEP, the global leader in pallet and container
pooling services has awarded a five-year procurement outsourcing contract
to Xchanging (LSE: XCH), one of the largest and fastest growing global
business processors. CHEP operates in 45 countries, serving customers in
diverse sectors. Their global partners include Procter & Gamble, SYSCO,
Kraft, Nestle, Ford and GM. The company has more than 7,500 employees.

As part of the contract, Xchanging will manage GBP 75 million of spend per
annum (GBP 375 million of spend over five years) on behalf of CHEP Europe
and help integrate and standardise procurement processes for CHEP's
business across the UK, France, Germany and Spain for their non-core
categories. Xchanging will consolidate spend management and help reduce
overall non-core procurement costs across CHEP's European businesses. The
contract will include sourcing of non-core categories and a large
proportion of procure-to-pay activities.

CHEP is part of Brambles Limited, a leading provider of supply chain and
information management services through its two businesses, CHEP and
Recall. Headquartered in Sydney, Australia, Brambles operates in 47
countries and employs more than 12,000 people.

Commenting on this contract, Marcelo Di Benedetto, Sourcing & Quality
Director, CHEP Europe said, "We believe in constant improvement to
provide the highest value to our customers and shareholders. Outsourcing
our non-core procurement to a specialist such as Xchanging will provide
us access to industry- leading expertise and global best practice in
procurement processes and technology. We expect a number of benefits
including increased efficiency, reduced costs and internalisation of best
practices. Our goal is to spend smarter and get the best value from our
supplier relationships."

David Andrews, CEO, Xchanging, added, "We are delighted at the prospect of
working for a global leader that understands that efficient processes are
a competitive edge. Xchanging has a strong track record of working with
large, multinational companies to significantly reduce their procurement
costs through strategic sourcing. Our aim will be to deliver procurement
services that create sustainable value for CHEP Europe by enabling them
to keep their costs to a minimum and thereby allowing CHEP to continue to
offer competitive services to their customers. We look forward to being
CHEP's procurement processor of choice."

Xchanging manages annual indirect spend of over GBP 1 billion on behalf of
large corporations and services multi-sector customers across a range of
geographies and industries. With high-calibre procurement category
experts and world- class technology, Xchanging offers a complete suite of
procurement services from sourcing and spend management to
procure-to-pay. Xchanging is recognised as a tier one Procurement
Services provider globally by the Everest Research Institute.

- ENDS -

For further information, please contact:

Xchanging

Meeta Thareja Tel: +44 (0)20 7780 5374

meeta.thareja@xchanging.com

Cardew Group Tel: +44 (0)20 7930 0777

xchanging@cardewgroup.com

About CHEP

CHEP is the global leader in pallet and container pooling services serving
many of the world's largest companies. The company has more than 7,500
employees and operates in 45 countries. Combining superior technology and
an asset base of more than 300 million pallets and containers, CHEP
offers its customers exceptional value, a platform that enables reduction
in customer product damage, and an environmentally sustainable logistical
solution. Supply chains served include consumer goods, produce, beverage,
and the automotive industry. With global partners that include Procter &
Gamble, SYSCO, Kellogg's, Kraft, Nestle, Ford and GM, CHEP is known for
Handling the World's Most Important Products. Everyday. www.chep.com

About Xchanging

Xchanging is one of the largest and fastest growing business processors.
With a wide range of multinational customers in 42 countries and
employing over 8,000 people, we are a truly global company. Our aim is
simply to provide business processing services better, cheaper and faster.

Xchanging provides procurement, accounting, human resources and technology
services across industries. These include banking, insurance,
manufacturing, retail and real estate among others. We combine functional
expertise with deep industry domain knowledge to provide
industry-specific outcomes for our customers.

Listed on the London Stock Exchange in 2007, the company is in the
FTSE250, the index of mid-capitalised companies traded on the London Stock
Exchange. Xchanging is also a member of the FTSE4Good index which
measures the performance of companies that meet globally recognised
corporate responsibility standards. www.xchanging.com

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