Global Novel Coronavirus UpdateJune 1, 2020"This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document

can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

UPS Global Freight Forwarding

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Our highest priority is to protect the health and safety of our employees, customers, and suppliers. UPS® is confident it can do so while maintaining global operations, except where constrained by government restrictions or other circumstances beyond its control. The Novel Coronavirus pandemic has created unprecedented complexities, which have required us to constantly reassess our operations and take mitigating actions to minimize disruption to our customers.

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• See how UPS Supply Chain Solutions is responding the coronavirus

• International Air Transport Association (IATA) – iata.org

• World Health Organization (WHO) – who.int

• UPS has an integrated global network of supply chain solutions

• Air freight

• Ocean freight

• Preferred LCL

• Small package

• Warehousing & fulfillment

June 1, 2020Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Global air cargo capacity stabilizes at 26% down last week compared to last year

Source: Seabury

June 1, 2020

Note: Thickness of arrows is representative of capacity in metric tons, direct flights only.

4Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Europe - Coronavirus Updates, June 1st

Countries Current Situation Lockdown

Status

UK

Romania

Russia

Ukraine

Turkey

France

Spain

Poland

Germany

• UK: • From June 8th, inbound travelers will face a 14 day self-imposed

quarantine on entry to the country• No travel restrictions out of the UK• People can meet with one other person from another household

in outdoor spaces with social distancing respected

• Germany:

• Flag carrier Lufthansa is operating a revised flight schedule

• Pubs and restaurants reopened with 50% capacity

• Major events are prohibited until August, 31st

• France:

• All arrivals to New Caledonia will have to quarantine for three

weeks(two weeks at the hotel then a week at home) until July,

31st

• Europe borders remain closed until June 15th

MEDIUM

Italy

Austria

Bulgaria

Greece

Netherlands

Belgium

Sweden

Denmark

Bulgaria

Hungary

Iceland

• Austria: Foreign travelers not under the latest authorities

exemptions, are barred from entering the country till June 15th

• Greece: Hotels allowed to reopen from June 15th

• Serbia became the latest country to reopen its borders,

after Iceland, Austria & Germany announcement about easing

border restrictions

LOW

June 1, 2020

No information available

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

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Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Europe Update for June 1st

Air Freight Updates

Socioeconomic Updates

• EU auditors plan to review EU's response to COVID-19

• Lufthansa Group secures €9bn in financial support

• Germany considers lifting travel warnings for 31 countries

• Belgium could allow travel in Europe again from mid-June

• Air Freight: UPS operations working normal. Adjusting the

routing of the freight, in order to have commercial uplift done

effectively

• Ocean Freight: UPS operations working normal. Ports fully

functional. Currently no backlogs

• Swiss International Airlines: • Updated flight schedule from Europe to PVG/PEK/BOM/

HKG/NRT/BKK/SIN/JFK/EWR/ORD/JNB• IAG Cargo: Updated Cargo-only flight schedule from LHR to

HYD• Air France KLM Martinair Cargo:

• Scheduled to resume its operation from Paris CDG to Bangkok, Panama City and St Martin

• Increased flight frequencies to destinations from Paris Charles de Gaulle to New York, Mexico City, Rio de Janeiro, Conakry, Nouakchott, Bangui, Abidjan, Nairobi, Shanghai and Tokyo

• Increased flight frequencies to destinations from Amsterdam Schiphol to New York, Los Angeles, Houston, Toronto, Buenos Aires, Dubai, Mumbai, Bangkok, Singapore, Kuala Lumpur, Manilla, Osaka and Tokyo

• The Port of Gothenburg: Increased its container volume, No

cancelled calls, and none are planned

• The Port of Amsterdam:

• Port remains open for cargo movement to/from

• Temporarily offering customers the possibility to make use

of extended payment arrangements for rent and ground

lease, seaport dues and/or inland harbor dues

• Border delays are stable and only slightly above pre-COVID

times

• Border waiting times on borders of FR→CH, HU→RO & PL→BY

— are long

• The number of idle trucks are stable for the last 3 weeks at

roughly 1.4x compared to before crises

UPS Operations**

Ocean Freight Updates

June 1, 2020

Inland Transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

7Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

ISMEA - Coronavirus Updates, June 1st

No information available

June 1, 2020

Countries Current Situation Lockdown

Status

India

Bangladesh

Sri Lanka

Pakistan

Saudi Arabia

Iraq

Afghanistan

Kuwait

• Uganda:

• All land borders are closed until June, 3rd

• Bicycle and motorcycle taxis (boda-bodas) are

permitted to operate before 14.00 pm

• Tanzania:

• The Tanzania-Zambia suspended cross-border

passenger trains

• Markets are only open from dawn to 18.00

HIGH

UAE

Guinea

Congo

Egypt

Bahrain

• UAE:

• Individuals are required to wear masks and

observe social distancing when in public.

• no restrictions on movement between emirates

outside the hours of the national sterilisation

programme

• Egypt:

• May 29th, the curfew will be from 5:00 p.m until 6:00 a.m

• All restaurants, public transportation (trains, metro, public buses), entertainment venues, commercial shops, beaches and parks will be closed for all hours.

• From May 30th, the curfew hours will resume from 8:00 p.m. to 6:00 a.m.

• Tunisia: Country curfew is reduced to 7 hours from 11pm to 6am effective May 26th

MEDIUM

Ghana

Botswana• Ghana: Restrictions on land and maritime borders. LOW

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

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Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

ISMEA Update for June 1st

Ocean Freight Updates

Socioeconomic Updates

• Bangladesh: International passenger flights to/from all countries, except China, are suspended until May, 30th

• Dem Rep. of Congo: The ‘state of emergency’ has been extended until May 22nd

• India: Lockdown till May 31st

• South Sudan: Juba International Airport to resume flights from May 14th

• Air freight :

• UPS working but some delays expected due to local

condition

• Ocean Freight: Running unconstrained

• Local transportation causing delays due to restrictions

• Pakistan: • Domestic flights partially resumed• Flights allowed from ISB, KHI, LHE,PEW, UET, Baluchistan

airports• Bangladesh:

• Cathy Pacific: 3x weekly freighter from DAC• China Southern Airlines: 2x weekly freighter from DAC• Qatar Airlines: 1x weekly freighter from DAC

• Ivory Coast: All sea borders remain closed until May 31st

• Jordan: All sea crossings are closed except for cargo vehicles until Ramadan

UPS Operations**

Air Freight Updates

• Final delivery delays of Air / Ocean may happen due to border constraints

• Zimbabwe: All land borders remain closed except for returning residents and cargo

• India: Intra-city transportation, categorized as essential, are being fulfilled

June 1, 2020

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

9Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

APAC - Coronavirus Updates, June 1st

Countries Current Situation Lockdown

Status

Philippines

Singapore

Indonesia

Myanmar

• Myanmar & Philippines: Stay-At-Home order

• Singapore: Country under circuit breaker until

June 1st

• Indonesia: Only essential services working in

some parts of the country

MEDIUM

Australia

Cambodia

China

Hong Kong

Japan

Malaysia

South Korea

Taiwan

Thailand

Vietnam

• Open for business with social distancing and

other restrictionsLOW

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

10May 29, 2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

APAC Update for June 1st

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Socioeconomic Updates UPS Operations**

• Singapore: the Multi-Ministry Taskforce has assessed that Singapore will exit the Circuit Breaker when it ends on 1 June 2020. With this, there will be a controlled approach to resume activities safely over three phases:

• Phase 1: “Safe Re-Opening”• Phase 2: “Safe Transition”• Phase 3: “Safe Nation”

• Australia: Government announced easing of travel restrictions (domestic in June 5, to/from AU/NZ July 1st and September 10 other “bubble” countries with low risk

• Air Freight: Charters available

• Ocean Freight: Available capacity

• Rail/Ground: Export shipments available, but limited for

some countries

• New Zealand: strong airfreight services into NZ via a

number of airlines (Government collaborative subsidy)

• Cambodia: Travelers arriving from France, Germany, Iran,

Italy, Spain and the US from 20 May are allowed to entry

• 1 additional blank sailing in the Asia-Europe WB trade is

announced

• Up to May 28, TPEB trade announced 27 blank sailings in May

• Asia-Europe trade announced 25 blank sailings on May 25

Air Freight Updates Ocean Freight Updates

• Malaysia: Road closures, roadblocks and checkpoints have been implemented

across the nation. Limited transit between Brunei and Malaysia.

Rail Updates

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.May 29, 2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

United States Update for June 1st

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Socioeconomic Updates UPS Operations**

• US suspends travel from Brazil for foreigners

• Exports Collapse as Coronavirus affected International trade

• Coronavirus muddies U.S. economic data as business closures

push down response rates

• Air Freight:

• JFK: Recovery times continue to improve after some

delays due to staffing

• Additional charter flights being handled by carriers ground

handlers

• Ocean Freight: Fully operational

• Rail/Ground: Fully operational

• We are starting to see US gateway backlogs into SYD, JHB,

SIN, India

• Air Bridge: Operations in Dallas and Los Angeles suspended

until further notice

• Port of New Orleans railroad upgrades locomotives

• Blank sailings continue with the SSLs.

• World container index – PVG to LA = down / PVG to NY =

down / PVG to RTM = stable

• LA/LB; HOU/ MEM ports are severely constrained

• DFW/ ORD/ DTW/ CVG/ MIA ports are somewhat constrained

• Road transportation intact in the US

• New Jersey introduced some road restrictions impacting

trucking

Air Freight Updates Ocean Freight Updates

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 1, 2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Canada Update for June 1st

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Socioeconomic Updates UPS Operations**

• Canada Shifts to Maritime for PPE Imports

• Quebec has instituted checkpoints to prevent non-

essential travel into the province

• Canada will require all air travelers to wear face

masks.

• Canada Bans Cruise Ships Through October 1

• Air Freight: Reduced flights

• Ocean Freight: Port restrictions

• Rail/Ground: Customs operation impacted

Air Canada is resuming many of its international flights,

heading to the U.S., the Caribbean, South America,

Europe and the Pacific.

The airline will be offering flights to 97 destinations –

down from its usual 220 spots.

• Ports are operational. Cargo transportation is still

allowed

• Slow in/out processing and delays in customs clearance

• Daily pickups and deliveries except where restrained by

government

Air Freight Updates

Ocean Freight Updates

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 1, 2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

LATAM Update for June 1st

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Socioeconomic Updates UPS Operations**

• Brazil overtakes Spain and Italy as virus cases grow

• US suspends travel from Brazil for foreigners

• Mexico at 'peak moment' of coronavirus crisis

• Government reduced working hours for non-essential

business (12 cities: BO, CL, CR, DO, EC, GT, HN, PA, PE,

PR, PY, VE)

• Air Freight: Reduced flights

• Ocean Freight: Port Restrictions

• Rail/Ground: Customs operation impacted

LATAM Common Carriage flights were reduced or

forbidden to/from US, Europe & Asia (19 countries: AR,

BO, BR, CL, CO, CR, DO, EC, GT, HN, NI, PA, PE, PR, PY,

SR, SV, UY, VE)

• Ocean Port Restrictions (3 countries: DO, HN, PR)

DO: Operations had been restricted up to 6pm

HN: Limited service to Puerto Cortez Port

PR: No passenger vessel allowed

• Customs operation impacted (9 Countries: AR, CR, DO,

EC, GT, PA, PE, SR, VE)

Air Freight Updates Ocean Freight Updates

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 1, 2020

Thank You

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Sources

• Official sources (WHO, Governments, etc.),** UPS Internal Sources Seabury

• Carriers • Sky cargo

• Emirates

• Lufthansa

• News Media Brussels times

New York Times

BBC News

Times of India

June 1, 2020 16Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.