trans-o-flex board of directors consists of experienced managers who have been working in managing positions in international logistics companies for most of their career.

| Wolfgang Weber joined trans-o-flex in July 2003 as Managing Director. Before joining trans-o-flex Wolfgang Weber held various management positions at Deutscher Paket Dienst (DPD), Denkhaus AG and Denkhaus Logistik GmbH. Following this he was Head of German Operations of Tibbet & Britten group, a UK-based international logistics provider. |

| Thomas Doll has been Managing Director at trans-o-flex since January 2007. Following five years at the accountancy firm KPMG Austria, Doll headed the Finance and Accounting Department at the former Post und Telekom Austria AG in 1997 and 1998. The following year he was responsible for Accounting at Telekom Austria AG and then he oversaw Accounting and Taxation affairs at Österreichische Post AG. Then for three years he led the Accounting, Finance and Taxation function at ÖIAG, the Austrian state holding company. He took over Corporate Controlling at ÖPAG on January 1, 2003. |

| Kai Schmuck has been a member of the trans-o-flex Board of Directors since May 2009. Before joining our company, he had continued his career in the Fashion business unit of the Logwin Group (formerly Thiel-Logistik), where he, as a member of the Management Board, was responsible for Sales & Marketing from 2002 onwards. Before that, Schmuck, who has been active in the logistics industry for almost 30 years, held various management positions in the express delivery sector (Fedex and EMS-Kurierpost /DHL) as well as at the parcel service provider GLS. |