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PRESS RELEASE

September 10, 2014: CEVA Logistics, one of the world's leading supply chain management companies, today announced that it has won a three year contract with world leading tooling solutions specialist, Snap-on Tools UK.

Under the new USD $8 million contract, CEVA will provide a dedicated solution for Snap-on's 400 strong franchise network in the UK which encompasses collection, sortation and unattended deliveries into secure premises.

Using the latest tracking and scanning technology, CEVA will collect Snap-on product from two warehouses in Kettering and deliver into CEVA's sites across the UK where the product is sorted for final delivery. CEVA designed the solution so that the closest depot is used to serve each of the Snap-on franchisees, resulting in optimum efficiency for all parties.

Typically around 700 pallets will be delivered each week on behalf of Snap-on who will benefit from a dedicated fleet of 13 vehicles and 17 drivers, as well as a dedicated Contract Manager.

Mr Aldo Rodi, Managing Director for Snap-on Tools UK, said: "We've moved from a solution using many different carriers to a managed operation from a high quality, reliable and experienced partner in CEVA. The key for us was to improve the quality of service for our valued franchisees. Given CEVA's expertise in both the Home Delivery and through-the-night deliveries for the Automotive sector, we are extremely confident we will accomplish exactly that."

CEVA's Account Director, Consumer and Retail sector in the UK, Jon Evans, said: "We are delighted to establish this new relationship with Snap-on, and more importantly make significant and rapid improvements in the delivery quality for its franchisees. The designed solution fully utilizes our extensive expertise in both the Consumer & Retail and Automotive sectors as well as our sophisticated technology platforms. We have already made substantial gains for Snap-on and hope to realize further benefits as our relationship grows."

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