MEDIA RELEASE

Panalpina appoints Karsten Breum as chief human resources officer

Panalpina, one of the world's leading providers of supply chain solutions, has appointed Karsten Breum (41) as its new chief human resources officer (CHRO) and member of the company's executive board. Breum has an extensive track record in the freight-forwarding industry.

Breum joins Panalpina from Damco, part of the A.P. Møller - Maersk Group. Most recently, he was Damco's regional CEO for Asia Pacific, based in Singapore. Breum first entered the Maersk Group in 1998 as an HR consultant. He then held different positions within the group, both in Denmark and abroad.From 2008 to 2012 he was Damco's head of human resources.

A Danish citizen, Breum studied economics and business administration (BSc & MSc) at the Aarhus School of Business and completed his executive MBA at the University of Chicago, Booth School of Business.

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About Panalpina

The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, and Logistics to deliver globally integrated, tailor-made end-to-end solutions. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. The Panalpina Group operates a global network with some 500 offices in more than 70 countries, and it works with partner companies in a further 90 countries. Panalpina employs over 16,000 people worldwide who deliver a comprehensive service to the highest quality standards - wherever and whenever.

www.panalpina.com

For more details, please contact:

Media Relations

Investor Relations

Sandro Hofer

Robert Erni

Tel. +41 61 226 11 66

Tel. +41 61 226 11 25

sandro.hofer@panalpina.com

ir@panalpina.com

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