HOOFDDORP, Netherlands, November 4 /PRNewswire/ --

- Proforma Revenue Growth of 10%

CEVA Group Plc today announced its results for the third quarter of 2008. With total revenue of EUR 1.7 billion for the quarter, both the Contract Logistics and the Freight Management operations show good growth. At 2007 exchange rates, revenue grew by 10% over the same quarter of the previous year on a proforma basis(1).

Table: Key Financials Q3 2008 (actual exchange rates)

Three months ended 30 September 2008 2007 Growth Revenue EUR1,666 EUR1,334 25% million million EBITDA before specific items EUR 102 EUR 93 10% million million

EBITDA excludes the impact of specific items which are significant non-recurring items such as restructuring and integration costs, rebranding and separation costs, costs related to the acquisition of EGL and certain legal expenses.

Table: Pro-forma Key Financials Q3 2008 (at 2007 constant exchange rates)

Three months ended 30 September 2008 2007 Growth Revenue EUR 1,751 EUR 1,598 10% million million EBITDA before specific items EUR 109 EUR 108 1% million million

Commenting on the results, CEVA CEO John Pattullo said:

Although we are facing increasingly tough market conditions, CEVA is in a solid position to maintain momentum: we have clear strategy, good focus on costs cash and innovative solutions which are driving above market revenue growth.

(1) assuming the acquisition of EGL was effective from 1 January 2007

CEVA. Making Business Flow

CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 57,000 people and runs an extensive global network with facilities in over 100 countries. Following the acquisition of EGL in August 2007, the new combined company had pro forma sales of EUR 6.3 billion. For more information, please visit http://www.cevalogistics.com

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:

The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

For more information contact: Paula Satink, Group Senior Public Relations, Paula.Satink@cevalogistics.com, +31-23-568-3492