Clipper Awarded Philip Morris Ltd. Contract

Clipper Logistics plc

Philip Morris Ltd. Appoints Clipper to UK Logistics Contract

Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector is pleased to have been appointed by Philip Morris Ltd. to handle the UK storage and distribution of its leading brand portfolio.

The Group was awarded this contract on the back of its extensive experiencein bonded warehousing and securedistribution of high value products throughout the UK. This contractwill see Clipper take on Philip Morris Ltd.'s products in a phased transition over the coming months.

Jerry Margolis, Sales Director at Philip Morris Ltd., said "It was clear to us that Clipper have the ability to meet our demanding requirements. It is vital that we provide a secure, reliable supply chain to our customers and Clipper's knowledge and experience made them our partner of choice. This is good news for our customers, who can expect a dependable and professional service."

Steve Parkin, Executive Chairman of Clipper commented: "Clipper's extensive expertise in the handling of tobacco products was a key factor in the awarding of this contract, as was our experience in designing and implementing bespoke high value logistics solutions. We are proud to work with such a well established name on this significant contract, which once again demonstrates our ability to offer innovative solutions to complex logistical challenges."

The contract includes receipt of inbound goods from Philip Morris factories; secure, bonded warehousing; and national onward distribution via Clipper's high security network.

ENDS

About Clipper

Founded by Steve Parkin in 1992, Clipper is amongst the leading providers of value-added logistics solutions and e-fulfilment to the retail sector in the United Kingdom, with an expanding business in Germany that employs over 2,500 people. The Group provides consultancy-led services within the online fashion and non-food sectors to its blue chip client base including ASOS, The John Lewis Partnership, Asda, SuperGroup, Morrisons, New Look and Tesco.