CEVA Group Plc Reports Solid Progress

                      Proforma Revenue Growth of 9.4 %



    HOOFDDORP, Netherlands, August 21 /EMWNews/ -- CEVA Group Plc today

announced its results for the second quarter of 2008. With total revenue of

EUR 1.7 billion for the quarter, both the Contract Logistics and the

Freight Management operations continue to show increasing growth momentum.

At 2007 exchange rates, revenue grew by 9.4 % over the same quarter of the

previous year on a pro-forma basis(1).






    Table: Key Financials Q2 2008



    Three months ended 30 June          2008        2007       Growth



    Revenue                        EUR 1,595 m   EUR 907 m      75.9 %

    EBITDA before specific items      EUR 89 m    EUR 59 m      50.8 %

    % Revenue                            5.6 %       6.5 %



    EBITDA excludes the impact of specific items which are significant

non-recurring items such as restructuring and integration costs,

re-branding and separation costs, costs related to the acquisition of EGL

and certain legal expenses.






    Table: Pro-forma Key Financials Q2 2008 (at 2007 constant exchange rates)



    Three months ended 30 June         2008         2007       Growth



    Revenue                       EUR 1,709 m  EUR 1,562 m      9.4 %

    EBITDA before specific items     EUR 96 m     EUR 93 m      3.2 %

    % Revenue                           5.6 %        6.0 %



    The above table is based on Q2 2007 exchange rates, primarily including

an adjustment to 2008 for the weakening of the US dollar and the British

pound.



    Commenting on the results, CEVA CEO John Pattullo said:



    "Just 12 months after the acquisition of EGL, it is a pleasure to

announce this solid set of results. They are a credit to the hard work of

all our employees. In recent months we have realigned our organizational

structure into four geographical regions in order to create a more customer

focused and responsive structure. We have also developed a very clear set

of strategies and plans to shape the future direction of CEVA. Our

customers are reacting positively to these changes and we have experienced

a number of significant wins during the quarter. Although trading

conditions are challenging, we believe that CEVA's current momentum will

allow sustained progress."



    (1) assuming the acquisition of EGL was on 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 56,000 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.