Brambles Chief Executive Officer Mike Ihlein said that he believed there had been a dramatic over-reaction to the announcement made earlier today regarding discussions between CHEP USA (“CHEP”) and Wal-Mart given that: • CHEP does not generate sales revenue from Wal-Mart itself. • CHEP’s sales revenue is generated from manufacturers and suppliers in connection with deliveries to retailers, such as Wal-Mart. • The discussions with Wal-Mart have no impact on CHEP’s issue volumes or sales revenue. • The current Total Pallet Management service offering to Wal-Mart is cost neutral to CHEP. Brambles will make an appropriate announcement to the market as to the outcome of its discussions with Wal-Mart in due course. For further information please contact: Michael Sharp, Vice President Corporate Affairs +61 (0)2 92565255 David Besier, Manager Corporate Affairs +61 (0)2 92565204 Brambles is globally headquartered in Australia
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