Our Clear Commitment:

NextLeap

Time

Growth

Platforms Driving Growth

Today

Global Network

Technology Infrastructure

Acquisitions

Strategic Customers

People

Performance

1993 2001

Global Network

1994 1997 2001

43

118

212

Offices Owned1994 1997 2001

31

94

144

Countries Served (incl Network Partners)

Union Air TransportGerlach (Benelux)

Transtec Ocean

IFS (Australia)Fashion (USA)Swift (Egypt)

Uniserv Group (Africa)

Roots and Branches Added

IMF (USA)

CMH (South Africa)

Continental Group

Super Air Express (Taiwan)

BTG Logistics (Sweden)

HZ Bernstein (USA)

GM Miller and Max (USA)

Southern Overseas Randy Intl (USA)Commerce (Canada)FMI & James (Australia)Meadows (New Zealand)

RMF (Ireland)

Pership (Sri Lanka)SAT (Netherlands)

Eilat (Israel)UTG (Singapore)UT (Scotland) Harpers (South Africa)

……..and others

Technology Infrastructure

Strategic Customers

Our People, Growing Together

Performance 1993 vs 2000

1993 2000*(US$m) (US$m)

Revenue 164 863

Net Income 1 20

Owners’ Equity 8 189

Cash 3 62

Market (Value) Capitalization 30 435

Number of Network Offices 46 427

Number of Employees 750 6,890

*Financial year ended January 31, 2001

Shares Offered: 5,405,000 (inclusive of underwriters’ overallocation option)

Price: $15 per share

Proceeds (net of expenses): $ 75.3 million

NASDAQ Ticker: UTIW

Date of Listing: 2 November 2000

Market Capitalization: $400 million

NASDAQ Listing of Shares

Why Leap Again? Why Now?Growth

Time

Today

1993 2001

Global NetworkAcquisitions

Technology Infrastructure

Strategic CustomersPeople

Performance

Where Are We Leaping To?

Global

Local1993

Total Outsourced Solution

Range of Services

AIM

Freight Forwarding

Customs Brokering

OrderMgmt

Value AddedWarehousing

Today NextLeap

FIRST LEAP

Our Clear Commitment

1 6 11 16

2 7 12 17

3 8 13 18

4 9 14 19

5 10 15 20

NextLeap Target

20 Strategic Customers

Dow Corning

NextLeap Target

20%

13%

Last 5 Years Next 5 Years

Revenue

20% Annual Revenue Growth Rate

NextLeap Target

11%12%

14%16%

18%20%

9%9%8%8%

Last 5 Years Next 5 Years

OperatingMarginPercent

20% Operating Ratio

NextLeap Target

20 Performance Metrics

Speed

Distance

Height

Team

NextLeap Target

Time

Deliverables

20 Quarters of Deliverables

Feb 2002

On The Podium

Steps to the NextLeap Target

Our Aim

Core Initiatives

Projects

Strategy Foundation

Purpose

Strategy Foundation

We Deliver Competitive Advantage

to our Customer's Global Supply Chain

Guiding Strategies

Strategy Foundation

G LOBALGrowth

PREDICTABLEPerformanceI

Intelligent NFORMATION

HUSTLE

SSupply Chain OLUTiONS

Differentiators

Strategy Foundation

What makes us Different?

Customized Solutions

Quantified Value

Integration

Global Reach

Deployment

FIRE

READY

AIM

Aim, Ready, Fire

Our Aim

Core Initiatives

Projects

Strategy Foundation

Our Aim

We are an agile, competent, disciplined and innovative team driving growth, performance and quantified value as the Primary Logistics Partner (PLP) to our global and local customers. We cherish long term relationships. We integrate our people, enterprise-wide processes and e-Business technology, with our partners, to deliver customized supply chain solutions, services, and information…worldwide.

Our Aim

Primary Logistics Partner

Partner – We cherish intimate, long-term relationships that drive mutual benefit.

Logistics – While we deliver customized supply chain solutions, services and information through our worldwide network, our core transaction business remains freight forwarding, customs brokerage, order management, and value-added warehousing.

Primary – We aim to be the customer’s first choice and largest source of logistics services in a direct relationship.

Core Initiatives

Core Initiatives

Transformation

Tools

GAME (Global Accounts)

POPS (Operations)

IPO (People)

I.T. Architecture

Product

Current

Business and

Organization

Our Aim

Valu

e C

reat

ion

Core Initiatives Drive New Growth

Time

Growth Today

Tools

Product

I.T. Architecture

IPO

POPS

GAME

FIRST LEAP

1993 2001

NextLeap

Projects

Projects= Enterprise Projects AND Local Initiatives

NextLeap Target

20 Strategic Customers20% Annual Revenue Growth Rate20% Operating Ratio20 Performance Metrics20 Quarters of Deliverables

Our Clear Commitment

Our Aim

Core Initiatives

Projects

Strategy Foundation