Global Novel Coronavirus UpdateJune 18, 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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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.© 2018 United Parcel Service of America, Inc. UPS, the UPS brandmark, and the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Number of confirmed COVID-19 case reported in the last seven days by

country, territory or area, 10 June to 16 June*

26/23/2020

"This presentation contains information we have gathered from various public sources including reference materials, webinars 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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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.”

June 18, 2020

*WHO Website

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

3

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.

Stay informed

Promote supply chain continuity

• Register to receive important communications from UPS

• Find the latest information on Air Freight Capacity Surcharge

• Track shipment status through UPS Flex Global View®

• 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 18, 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.© 2018 United Parcel Service of America, Inc. UPS, the UPS brandmark, and 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 18th

Countries Current Situation Lockdown

Status

Russia

Ukraine

• Russia: • 20 cities had cancelled or delayed their Victory Day parades on

June 24 due to the coronavirus• The Krasnodar region in southern Russia will begin easing

restrictions on tourists starting June 21, including canceling a required two-week quarantine period for arriving tourists

MEDIUM

Romania

UK

Spain

France

Germany

Italy

Austria

Bulgaria

Greece

Netherlands

Belgium

Sweden

• Romania:• From May 15th, personal care salons, dental offices and

museums reopen• The restriction on traveling inside the locality lifted, except for

those under quarantine (Suceava, Țăndărei)• UK:

• Face coverings compulsory for people using public transport in England from June 15th

• Government has released a strategy document "Our Plan to Rebuild" having details of how the UK will gradually ease lockdown measures.

• Germany:• Urge to use newly developed coronavirus app, “Corona-Warn-

App” to fight against coronavirus• CureVac to recieve 300 million euros to test coronavirus vaccine

• Netherland:

• General trend in cases is downward.

• Shared shower blocks and washing facilities at holiday parks,

campsites and marinas reopened

• schools for secondary vocational education (MBO), institutions

for higher professional education (HBO) and universities opened

• Gyms, fitness centres, clubhouses, saunas, spas, casinos and

amusement arcades might reopen from July 1st

LOW

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.”

4June 18, 2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2018 United Parcel Service of America, Inc. UPS, the UPS brandmark, and the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Europe Update for June 18th

Air Freight Updates

Socioeconomic Updates

• Inflation in eurozone hits a four year low• The Commission launched an online platform to resume EU

travel• AirBridgeCargo becomes WebCargo’s first all-cargo carrier• Cargo the highlight for Cathay Pacific in May

• 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

• AirBridge Cargo: Freighter from/to:• AMS- ORD/DME/ICN/SVO/PVG/SIN, FRA-DME/NRT/SVO

/PVG/SZX, LGG-ATL/KJA/TPE, LEJ-DME/PEK/SVO/CGO/ ICN/PVG/SIN, MAD-SVO/CGO/PEK/PVG, ZAZ- KJA/CGO/ PEK/PVG, CDG-KJA/CGO/PEK/PVG, MXP- DME/HKG/KJA/ PVG

• Finnair Cargo: Freighter available to HEL from PVG/NKG/ICN/HKG/CAN/XIY/PEK/KIX/NRT/JFK/BKK

• Seville Port Authority applies economic measures

• Port of Belgium, France, Germany, Netherland & Finland

are severly constrained

• Port of UK, Ireland, Denmark, Sweden, Norway, Turkey,

Italy & Spain are working without any constraints

• In terms of transportation, BeNeLux, DE, FR & PL are all >90%

of their pre-crisis activity

• The number of idling trucks is 1.3x higher than usual

• The situation at the borders remains stable, border waiting times on some borders — e.g. DE→CH, FR→CH, FR→ES, and RO→HU — are long

UPS Operations**

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.”

5Proprietary 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 18, 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.

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 18th

No information available

Countries Current Situation Lockdown

Status

India

Sri Lanka

Pakistan

Saudi Arabia

Iraq

Afghanistan

Kuwait

Angola

• Egypt:

• The curfew has been extended for another 15 days starting from June 14th till the end of June from 8:00 pm to 4:00 am

• Sri Lanka:• All Island curfew imposed from June 16th 0000hrs

to 0400hrs daily until further notice.

• India:

• Due to increase in reported COVID cases Chennai & 3 adjoining districts are put under lockdown effective June 19th to June 30th

• Kazakhstan: Lockdown measures introduced in

Karaganda region

HIGH

Bangladesh

UAE

Guinea

Congo

Egypt

Uganda

• Uganda:

• Lock-down was lifted on June 2nd.

• Daily movement curfew from 7pm to 5am is still

applicable until July 10th.

• Public transport started

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.”

6June 18, 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.

ISMEA Update for June 18th

Ocean Freight Updates

Socioeconomic Updates

• New lockdown changes announced for South Africa• UAE:

• International travel possible to the Emirates from June 23rd

• Abu Dhabi extended its travel ban for another week • The UN to open its space affairs office in Abu Dhabi

• Air freight :

• UPS working but some delays expected due to local

condition

• Ocean Freight: Running unconstrained

• Local transportation causing delays due to restrictions

• EI AI Cargo:• Freighters Reduced • Suspended flights until June 30th

• Sun d'Or flights also suspended until June 30th

• Oman Air : • Oman Air flight suspended until June 30th

• Emirates :• PAX freighter operational to India(BOM/AHD/HYD/MAA/

BLR/DEL)

• Port of Rwanda, Congo, Tanzania, South Africa, Pakistan, UAE, Egypt & Oman are operational but service constrained

• Ports of India, Sri Lanka, Kuwait, Bahrain, Saudi Arabia, Qatar, Zambia, Kenya are working without any constraints

UPS Operations**

Air Freight Updates

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

• Cameroon: Inland transportation possible to NSI

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.June 18, 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.

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 18th

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.”

8June 18, 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 18th

9

Socioeconomic Updates UPS Operations**

• Malaysia: • Conditional Movement Control Order (CMCO) enforced

ended in June 9 and has been replaced with the Recovery Movement Control Order (RMCO) from June 10 – August 31.

• International travel is not permitted as the country's borders remain shut during the new RMCO

• Air Freight: Charters available

• Ocean Freight: Available capacity

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

some countries

• China: Air Cargo operates regular weekly flights to/from

China

• Japan: some routes remain reduced

• New Zealand: Reduced international flights

• Malaysia: limited schedule

• Philippines: reduced cargo flights

• No further update on the carrier blank sailings since June 11

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.June 18, 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 18th

10

Socioeconomic Updates UPS Operations**

• Nine states hit record highs for covid-19 cases

• US, Canada and Mexico extend border restrictions for 30

more days

• UK travelers still banned from the US amid COVID-19

concerns

• Air Freight: Fully operational

• Ocean Freight: Fully operational

• Rail/Ground: Fully operational

• Airlines restore some service, but finances remain grim

• E-commerce drives multipronged expansion at UPS Airlines

• Air hub is responsible for making Louisville the fourth-largest

cargo airport in the world.

• New cargo inspection program to cut wait times at Texas

border port.

• Port of New Orleans railroad upgrades locomotives

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

down / PVG to RTM = stable

• US-Mexico truck crossings decline 22% at Port Laredo

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 18, 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 18th

11

Socioeconomic Updates UPS Operations**

• Canada, US and Mexico extend border restrictions for

30 more days

• Transportation job losses slow as Canada starts to

recover

• Canada Shifts to Maritime for PPE Import

• 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 18, 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 18th

12

Socioeconomic Updates UPS Operations**

• Mexico, US and Canada extend border restrictions for 30

more days

• Parts of Latin America reopen as crisis deepens

• Brazil overtakes Spain and Italy as virus cases grow

• US suspends travel from Brazil for foreigners

• 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

• US-Mexico truck crossings decline 22% at Port Laredo

• 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 18, 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.

Ocean Ports Update

13

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.

14

Source: JOC.com

LA/ LB

DTW

NJ/NY

ATL

MIA

CVG CLEORD

SDF

HOU

MCI

Customers can expect delays with the potential for increased storage costs due to:

• Delays• Congestion • Driver & equipment availability

Impacting shipments transiting through the affected areas outlined

• These conditions are not limited to UPS but is also affecting other providers, contributing factors include:

• Trans-Pacific eastbound slot tensions mount as rolled cargoes rise

• Tampa Bay gets federal grant to expand container terminal

• Five US container-on-barge projects get federal funding

• UPS is actively working hard to minimize the impact of these factors on our customers

• Customers are encouraged to plan for additional transit times due to the current conditions and if goods are required more timely, leverage the use of additional UPS options including International Air Freight, PLCL (check with Ops) or Small Package

BWI

BOS

CHS/ORF/ CLT

DFW

DEN/ SLC

JAX

MEM

MSP

MOB/ MSY

OAK

OMA

PHL/ PIT

PDX

SAV

SEA

Severely constrained

Somewhat constrained

Not constrained

No information available

This presentation is for informational purposes only. It does not constitute legal advice- please consult with your own legal counsel for such advice. Also, do not rely on this information without performing your own research

Week ending June 17, 2020: Tensions between container lines, some importers and forwarders are building tight capacity management

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.

• This presentation is for informational purposes only. It does not constitute legal advice- please consult with your own legal counsel for such advice. Also, do not rely on this information without performing your own research

15

Week ending June 17, 2020: Ports in Southeast Asia need $13bn boost to handle supply chain shift

Norway

Ireland

Finland

Sweden

Poland

Germany

Netherlands

Belgium

United Kingdom

Denmark

France

Czech Republic

PortugalSpain

Italy

Turkey

Asia Origins to Canada, Europe, US East and West Coast

India

China

Korea

Sri Lanka

Australia

New Zealand

Indonesia

Philippines

MalaysiaSingapore

Thailand Vietnam

Hong Kong

Taiwan

Japan

Bangladesh

Severely constrained

Somewhat constrained

Not constrained

No information available

Customers can expect delays with the potential for increased storage costs due to congestion as volumes continued to grow.

Impacting shipments transiting through the affected areas outlined

• These conditions are not limited to UPS but is also affecting other providers, contributing factors include:

• Ports in southeast Asia need to upgrade their terminal capacity in order to handle the expected shift

• Investment Resumed at Taranto Italy and Expansion at Leixoes Portugal

• Transpacific blank sailings increase due to shortage of space

• UPS is actively working hard to minimize the impact of these factors on our customers

Source: JOC.com, Lloyd’s List & Offshore Energy news

Europe Origins to Canada, US East and West Coast

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.

This presentation is for informational purposes only. It does not constitute legal advice- please consult with your own legal counsel for such advice. Also, do not rely on this information without performing your own research

16

Week ending June 17, 2020 : Ship-owners review Venezuela calls as US sanctions bite

Central and South American Ports

Severely constrained

Somewhat constrained

Not constrained

No information available

Customers can expect delays with the potential for increased storage costs due to congestion as volumes continued to grow.

Impacting shipments transiting through the affected areas outlined

• These conditions are not limited to UPS but is also affecting other providers, contributing factors include:

• Ship-owners review Venezuela calls as US sanctions bite

• Abu Dhabi Ports launches feeder line with Bengal Tiger Lines

• UPS is actively working hard to minimize the impact of these factors on our customers

Source: The Maritime Executive & Lloyd’s List

Middle East, Nigerian and South African Ports

Brazil

Peru

Chile

Bolivia

Argentina

Ecuador

Colombia

Venezuela

Paraguay

Uruguay

Mexico

Guatemala

El Salvador

Honduras

Nicaragua

Costa Rica

Panama

Nigeria

Saudi Arabia

Kuwait

Qatar

UAE

PakistanBahrain

Congo

South Africa

Nigeria

Rwanda

Zambia

Egypt

Tanzania

Kenya

Oman

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

18Proprietary 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 18, 2020