Disposal

Wincanton announces the disposal of its remaining operations in Mainland Europe

15 August 2011

Wincanton plc ("Wincanton" or the "Group"), the leading provider of supply chain
solutions,  today announces that  it has signed  a conditional agreement for the
disposal  of its  remaining operations  in Mainland  Europe (the  "Disposal") to
Rhenus  AG & Co. KG  ("Rhenus") via the disposal  of Wincanton's Mainland Europe
Holding Company.

The  Disposal  operations  comprise  Wincanton's  German Intermodal and Contract
Logistic activities, which operate from 38 locations, and Wincanton's businesses
in  France, which provide contract logistics  and transport services and operate
from  30 locations.  Collectively, these  businesses employ approximately 3,000
employees who will transfer to Rhenus upon completion of the Disposal.

Consideration  from  the  Disposal  will  be approximately €44m (pre transaction
costs).   In  addition,  Rhenus  will  assume  a  net  pension deficit of c.€30m
resulting  in an enterprise value of €74m.  The consideration will be payable in
cash  upon completion of the Disposal.  The  Disposal will be implemented by way
of a share sale.

The  transaction  is  subject  to,  inter  alia,  the  approval  of  Wincanton's
shareholders  and a  circular outlining  the terms  of the Disposal, including a
Notice  of General  Meeting, will  be sent  to shareholders  in due course.  The
Disposal  is also subject to anti-trust clearance and approvals.  Wincanton will
be consulting with relevant employee representative bodies.

In  the twelve  months to  31 March 2011, these  activities generated revenue of
approximately  €558m, and operating profit  of approximately €4.1m.  At 31 March
2011 Gross assets were approximately €181m.

Completion  of the transaction will mark the exit of all of Wincanton's Mainland
Europe  activities.  The net proceeds of the Disposal will be used to reduce net
indebtedness of the Group.

Eric Born, Chief Executive, Wincanton commented:

"The  sale of our remaining businesses in  Mainland Europe to Rhenus will enable
us  to focus on developing our leading position  in the UK market, where we have
greater scale and see significant potential for profitable growth.  Rhenus has a
strong reputation in the European market and the addition of these businesses to
its  portfolio will  build on  its leading  position in  intermodal services and
contract  logistics.  Over the next  few weeks, we will  work together to ensure
that  service  levels  to  our  customers  are  maintained during the transition
period.   I  would  like  to  personally  thank  all  of  my colleagues in these
businesses for their hard work and contribution to Wincanton over the years."



Ends

For further information, please contact:


Wincanton plc 01249 710 000
Eric Born, Chief Executive
Jon Kempster, Group Finance Director
Holly Porter, Group Marketing and Communications Director

Buchanan Communications 020 7466 5000
Charles Ryland / Jeremy Garcia / Helen Chan

Rothschild [phone]
Stuart Vincent / Niall McBride







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Source: Wincanton Plc via Thomson Reuters ONE

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