Malcolm Monteiro, COO, Nominated Successor to Clyde
Cooper, MD, Blue Dart Express Ltd

Mumbai : December 13, 2005:

Blue Dart Express Limited, South Asia's largest integrated air express, courier and logistics company, today announced that Malcolm Monteiro, Chief Operating Officer, has been nominated as successor to Clyde Cooper, Managing Director, with effect from 13 March 2006. Clyde Cooper will continue to be associated with Blue Dart as a director on the board of the company after 13 March 2006.

Malcolm Monteiro, a graduate of IIT, Mumbai, and an alumni of IIM, Ahmedabad, will be taking over as Managing Director from 13 March 2006. Malcolm Monteiro will focus on reinforcing the vision of Blue Dart, growing the business, maintaining and growing market share, ensuring high customer service standards, and continuing business as usual.

Clyde Cooper, a founding member of Blue Dart, and instrumental in building the organization for the past 22 years, will be relinquishing his position due to family commitments. Clyde Cooper said, "I believe the time is right to hand over the reins of the company to Malcolm. Malcolm brings a wealth of experience of close to 16 years in various functions within the company, including customer service, operations, information technology and human resources, and an expertise in the domestic express domain. Malcolm will be strongly supported by a competent and professional senior management team that has consistently delivered in a dynamic and challenging environment. I am confident that Malcolm will ensure the continued success of Blue Dart."

He added, "I am comfortable with our relationship with DHL, our major shareholder, and I am sure that Malcolm will continue to build on this strong tie and extend our market leadership."

Malcolm Monteiro, expressing appreciation for Clyde Cooper's years of service, said, "Clyde is one of the founding members of Blue Dart and was responsible for creating the vision that differentiated Blue Dart and set it on the path of definitive success. He charted the turnaround strategy of the company in 1997 and transformed Blue Dart into a consistently profitable company within two years, propelling us into a dominant leadership position in the express industry in the South Asian region.

"I want to build on what has been achieved, and lead Blue Dart to even greater success. I look forward to working with my colleagues to further the interests of the company, our shareholders and the community we serve."

Blue Dart, South Asia's premier courier and integrated air express package distribution company, offers secure and reliable delivery of consignments to over 13,880 locations in India and 200 countries worldwide. Blue Dart was selected a Business Superbrand from over 854 brands across 82 product categories in India. The Blue Dart team drives marketplace leadership through its motivated people force, dedicated air capacity, cutting-edge technology, innovation and value-added services, to deliver unmatched standards of service quality to its customers.

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