20.03.2017

Santa Fe Group A/S has acquired the remaining 50% shareholding in Sino Santa Fe International Transportation Services Co Ltd. in China Company Announcement No 3/2017

As previously announced (company announcements no. 3/2016), Santa Fe Group A/S has been pursuing a buy-out of the joint venture partner in China, China International Engineering Consulting Corporation

(CIECC), to gain full control over t

e activities in China after many years of operating a successful

partnership with CIECC. Today, M rch 20, a Share Purchase Agreement has been signed whereby the Santa

Fe Group will acquire CIECC's 50

shareholding at RMB 39.7m (equivalent to EUR 5.4m). Closing is

expected to take place within a few weeks, following regulatory approval in China.

Sino Santa Fe provides the full range of relocation services to corporate- and private clients with representations in Beijing, Shanghai and 10 other main cities in China. In addition, the company is engaged in Records Management activities. Sino Santa Fe generated revenue of EUR 23.0m in 2016 and owns a 6,000 sqm modern warehouse in the airport logistics zone in Beijing

For additional information, please contact:

Martin Thaysen, Group CEO, tel. +44 20 3691 8300, e-mail Martin.Thaysen@santaferelo.com

Christian Møller Laursen, Group CFO, tel. +44 20 8963 2514, e-mail

Christian.Laursen@santaferelo. om

Santa Fe Group A/S published this content on 20 March 2017 and is solely responsible for the information contained herein.
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