Tokyo International Airport to operate on IBS' Cargo Management Solution

Trivandrum, 28 May 2008: IBS Group announces the signing of a deal with Tokyo International AirCargo Terminal Ltd (TIACT Ltd.) for implementation of the CTO (Cargo Terminal Operations) module ofiCargo, IBS’ new-generation Cargo Management System. The IBS system will manage the new cargoterminal at Tokyo International Airport, also known as Haneda Airport. Haneda is ranked among theworld's busiest passenger airports and will be the first neutral ground handler to use iCargo’s CTOmodule. The airport is currently undergoing a major expansion in terms of both capacity & technologyand is scheduled to be fully functional by October 2010.

Built on the latest technology, IBS’ CTO system will provide Haneda with an integrated system that willoptimize operations, enhance profitability and provide the airport the scalability to manage the increasingvolumes of cargo as well as the growth of its business. It will efficiently manage the ground handling andwarehousing of all cargo processed through the airport, and provide the tools to significantly improveservice levels and productivity.

“We are absolutely delighted that TIACT has opted for IBS’ solution to handle the entire cargo terminaloperations especially when the Airport is launching a new cargo terminal,” said VK Mathews, Chairmanand CEO, IBS Group, on the occasion. “With Nippon Cargo Airlines (NCA) and All Nippon Airways(ANA), two of Japan’s leading carriers, having already placed their confidence in iCargo to manage theircargo businesses, this deal with TIACT highlights the growing acceptance of IBS’ new-generation cargosolutions in Japan, one of the principal markets for the global air cargo business. We see this as a majoropportunity to provide added value to airports’ operations and establish a new standard for the efficientintegration of airport cargo terminal operations with the cargo business of airlines,” he added.On the occasion Mr. Terutake Kato, President and CEO, TIACT Ltd said “Haneda Airport hasgreat potential to become the main portal to Japan in the near future. We chose IBS due to theirextensive experience and know-how in the airline cargo industry. We foresee IBS’ system facilitatingefficient processes and handling the complex nature of cargo terminal operations .The development ofHaneda’s system will be a very big achievement for IBS. We look forward to develop this into a long-termengagement”, says.

iCargo’s CTO module will provide the Haneda airport a wide range of web-enabled features fromreserving airway bills to manifesting the shipment on a flight on the export, to receipt of cargo from theairline on the import, to final delivery of the shipment to the consignee. The system provides for guidanceand control of trucks, critical to managing influx of transport and supports radio communications throughhand-held terminals, thereby improving productivity and service levels. The air cargo facilities provided bythe new terminal will give cargo operators easy access and connectivity to central Tokyo. Operating onIBS’ system, TIACT will set new standards in operational efficiency, environmental design and servicelevels among airports.

About TIACT

TIACT Ltd. (Tokyo International Air Cargo Terminal) is a special-purpose company established for thesole purpose of administering the construction as well as the operation of the new cargo terminal atHanede Airport. TIACT is a fully owned subsidiary of Mitsui & Co. Ltd.TIACT is responsible for establishing the core infrastructure for all business operations from the groundup at Haneda airport. After commencing operations, TIACT will be commissioned by airlines andforwarders to undertake all warehouse operations within the cargo terminal. It is TIACTs’ mission to haveHaneda Airport fully operational by October 2010.