Global Novel Coronavirus Update June 11, 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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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.” UPS Global Freight Forwarding

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 • 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

Promote supply chain continuity • UPS has an integrated global network of supply chain solutions • Air freight • Ocean freight • Preferred LCL • Small package • Warehousing & fulfillment

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 2 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. "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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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.” Global capacity is 26% below last year. Dramatic drop in Transatlantic (-59%) and LATAM capacity (-80%)

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 6/11/2020 3 June 11, 2020 © 2018 of America, Inc. UPS, the UPS brandmark, and the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved. 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.” Europe - Coronavirus Updates, June 11th Lockdown Countries Current Situation Status

UK • UK: Romania • Plans for all primary school pupils to return to school before the MEDIUM Russia end of the school year is abandoned Ukraine • From June 15th, "non-essential retail" businesses can reopen

• France: • Beaches have also begun reopening under tight restrictions • Cinemas will start reopening on June 22th • Germany: • Big public events like festivals are banned until at least the end of August • Social distancing rules extended until 29 June • Italy: Spain • On 3 June, Italy unilaterally reopened its borders and ended France regional travel restrictions Germany • Serie A football is set to return on 20 June Italy • Denmark: Austria • Social gatherings were first limited to 10 people - then on 8 June LOW Bulgaria that was boosted to 50 under Phase 3 Greece • Borders remain shut for most people, but will reopen Netherlands for tourists from Norway, Iceland and Germany on 15 June Belgium • Belgium: Sweden • Cafes and restaurants reopened from 8 June • No public sporting or cultural events can take place before 30 June. • Netherland: • Campsites and holiday parks can reopen from 1 July, and from that date theatres, cinemas and restaurants can allow in up to No information available 100 customers with social distancing

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized 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. 4 June 11, 2020 © 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 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.” Europe Update for June 11th Socioeconomic Updates UPS Operations**

• Spain: th • La Liga football championship will resume on June 11 • Air Freight: UPS operations working normal. Adjusting the • From July 1st, no quarantine on arrival for the people routing of the freight, in order to have commercial uplift done travelling from abroad effectively • Ireland: • Ocean Freight: UPS operations working normal. Ports fully • Phase 2 started from June 8th, all high street shops can functional. Currently no backlogs reopen, while enforcing social distancing • Travel limit widened. Travel up to 20km permitted

Air Freight Updates Ocean Freight Updates

• AFKLMP Cargo • Trieste Marine Terminal reports improved May TEU traffic • Resuming flights from Paris Charles de Gaulle to / from Saint Martin, Panama City, Bangui and Johannesburg • Port of Belgium, France, Germany, Netherland & Finland • Resuming flights from Amsterdam Schiphol to / from are severly constrained Paramaribo, Aruba, Saint Martin and Quito • Port of UK, Ireland, Denmark, Sweden, Norway, Turkey, • Flight frequencies increased to Sao Paulo, Bogotá, Italy & Spain are working without any constraints Cayenne, Los Angeles, Toronto and Seoul

• AirBridge Cargo : Inland Transportation • Freighters available from AMS to ORD/SVX/HKG/ SVO/PEK/PVG/SIN/DME/ICN • In terms of transportation, BeNeLux, DE, FR & PL are all >90% • Freighters available from FRA to SVO/HKG/ of their pre-crisis activity PEK/PVG/NRT/ DME • 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, SRB→BG, and RO→HU — are long

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 5 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. 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.” ISMEA - Coronavirus Updates, June 11th

Lockdown Countries Current Situation Status • Nigeria: • Kano and Kaduna relaxed lockdown • Interstate movement restricted due to tight India security and border posts Sri Lanka • Morocco: Pakistan • Lockdown extended Saudi Arabia • Saftey measures less stringent & varying from one HIGH Iraq area to another Afghanistan • India: Kuwait • COVID-19 related restrictions have been eased and Angola businesses are operating • guidelines on preventive measures for offices, restaurants and hospitality industry, shopping malls and places of worship

• Bangladesh: • Lockdown lifted from May 31st Bangladesh • Some areas (Cox's Bazar, Noakhali and East UAE Rajabazar of Dhaka) are still in red zone Guinea • Uganda: MEDIUM Congo • Lock-down was lifted on June 2nd. Egypt • Daily movement curfew from 7pm to 5am is still Uganda applicable until July 10th. • Public transport started

Ghana No information available • Ghana: Restrictions on land and maritime borders. LOW Botswana

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 6 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. 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.” ISMEA Update for June 11th Socioeconomic Updates UPS Operations** • Nigeria: • Total lock down relaxed. • Air freight : • Curfew in Lagos extended, effective from 10:00pm to • UPS working but some delays expected due to local 4:00am condition • South Africa: Nationwide lock down continues with regulations • Ocean Freight: Running unconstrained changing in accordance with case activity • Local transportation causing delays due to restrictions • UAE: Lockdown in Abu Dhabi has been extended by two weeks on June 8th

Air Freight Updates Ocean Freight Updates

• expected to lose $84.3 billion in 2020 globally • Etihad : • PAX freighters serving additional route between AUH & • Port of Rwanda, Congo, Tanzania, South Africa, MEL, MAA, COK, KHI, AMS Pakistan, UAE, Egypt & Oman are operational but service • : constrained • PAX flights will be available from June 15th between dubai • Ports of India, Sri Lanka, Kuwait, Bahrain, Saudi Arabia, and 16 cities including Bahrin, Manchester, Zurich, Viena, Qatar, Zambia, Kenya are working without any constraints Amsterdam, Copenhagen, Dublin, new York, Seoul Kuala Lumpur, Singapore, Jakarta, Taipei, Hong Kong

Inland transportation

• Final delivery delays of Air / Ocean may happen due to border constraints • Iraq: Local delivery constrained • India: Operations at Mumbai & Cochin impacted due to cyclone Nisarga

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 7 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. 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.” APAC - Coronavirus Updates, June 11th

Lockdown Countries Current Situation Status

• Myanmar & Philippines: Stay-At-Home order Philippines • Singapore: Country under circuit breaker until Singapore June 1st MEDIUM Indonesia • Indonesia: Only essential services working in Myanmar some parts of the country

Australia Cambodia China Hong Kong Japan • Open for business with social distancing and LOW Malaysia other restrictions South Korea Taiwan Thailand Vietnam

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 8 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. 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.” APAC Update for June 11th Socioeconomic Updates UPS Operations**

• Malaysia: • Conditional Movement Control Order (CMCO) enforced • Air Freight: Charters available ended in June 9 and has been replaced with the • Ocean Freight: Available capacity Recovery Movement Control Order (RMCO) from June • Rail/Ground: Export shipments available, but limited for 10 – August 31. some countries • International travel is not permitted as the country's borders remain shut during the new RMCO

Air Freight Updates Ocean Freight Updates

• 1 additional blank sailing is announced in the Asia-Europe WB trade in June • China: Air Cargo operates regular weekly flights to/from • No blank sailing announcement in the TPEB trade is reported China. • Up to June 8, TPEB trade announced 13 blank sailings • Asia-Europe trade announced 9 blank sailings in June

Rail Updates

• Malaysia: Road closures, roadblocks and checkpoints have been implemented across the nation. Limited transit between Brunei and Malaysia.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 9 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. 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.” United States Update for June 11th

Socioeconomic Updates UPS Operations**

• U.S.-Mexico cross-border trade faces hurdles • Air Freight: Fully operational • Canada-U.S. border restrictions to extend until late July amid • Ocean Freight: Fully operational coronavirus • Rail/Ground: Fully operational • US suspends travel from Brazil for foreigners

Air Freight Updates Ocean Freight Updates

• New cargo inspection program to cut wait times at Texas • Airlines restore some service, but finances remain grim border port. • E-commerce drives multipronged expansion at UPS Airlines • Port of New Orleans railroad upgrades locomotives • Air hub is responsible for making Louisville the fourth-largest • World container index – PVG to LA = down / PVG to NY = cargo airport in the world. down / PVG to RTM = stable

Inland transportation

• Truckers remain vigilant due to potential for civil unrest in major U.S. cities. • US-Mexico truck crossings decline 22% at Port Laredo

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 10 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. 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.” Canada Update for June 11th Socioeconomic Updates UPS Operations**

• Canada-U.S. border restrictions to extend until late • Air Freight: Reduced flights July amid coronavirus • Ocean Freight: Port restrictions • Transportation job losses slow as Canada starts to • Rail/Ground: Customs operation impacted recover • Canada Shifts to Maritime for PPE Import

Ocean Freight Updates

Air Freight Updates • Ports are operational. Cargo transportation is still allowed • Slow in/out processing and delays in customs clearance

• is resuming many of its international flights, heading to the U.S., the Caribbean, South Inland transportation America, Europe and the Pacific.

• The will be offering flights to 97 destinations – down from its usual 220 spots. • Daily pickups and deliveries except where restrained by government

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 11 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. 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.” LATAM Update for June 11th Socioeconomic Updates UPS Operations**

• U.S.-Mexico cross-border trade faces hurdles • Parts of Latin America reopen as crisis deepens • Air Freight: Reduced flights • Brazil overtakes Spain and Italy as virus cases grow • Ocean Freight: Port Restrictions • US suspends travel from Brazil for foreigners • Rail/Ground: Customs operation impacted

Air Freight Updates Ocean Freight Updates

• 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

LATAM Common Carriage flights were reduced or forbidden to/from US, Europe & Asia (19 countries: AR, Inland transportation BO, BR, CL, CO, CR, DO, EC, GT, HN, NI, PA, PE, PR, PY, SR, SV, UY, VE)

• US-Mexico truck crossings decline 22% at Port Laredo • Customs operation impacted (9 Countries: AR, CR, DO, EC, GT, PA, PE, SR, VE)

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 12 June 11, 2020 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved. Ocean Ports Update

April 30, 2020 Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 13 © 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 Week ending June 10, 2020: Georgia Port nearly finished with portion of a large intermodal rail yard

Customers can expect delays with the • These conditions are not limited to NJ/NY potential for increased storage costs UPS but is also affecting other PHL/ PIT due to: providers, contributing factors include: • Delays BWI • Savannah’s ‘Mega Rail’ project • Congestion nearly halfway done • Driver & equipment availability SEA MSP • US top ports expect moderate BOS import rebound in second half Impacting shipments transiting PDX DTW through the affected areas outlined OMA • NS on-dock Baltimore yard promises ORD CVG CLE quicker intermodal service DEN/ SLC • UPS is actively working hard to OAK MCI SDF minimize the impact of these factors LA/ LB MEM CHS/ORF on our customers / CLT ATL SAV • Customers are encouraged to plan for DFW JAX additional transit times due to the MOB/ MSY current conditions and if goods are HOU required more timely, leverage the Severely constrained MIA use of additional UPS options Somewhat constrained including International Air Freight, Not constrained PLCL (check with Ops) or Small

No information available Package

Source: JOC.com

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 • 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 10, 2020: Cyclone Nisarga forces India’s container terminal to clear vessels

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

Customers can expect delays with the potential for increased storage costs due to congestion as volumes continued to grow. Korea Japan Impacting shipments transiting through the affected areas China outlined Finland Bangladesh Taiwan Norway India Hong Kong • These conditions are not limited to UPS but is also affecting Sweden other providers, contributing factors include: Thailand Vietnam Philippines United Kingdom • Cyclone Nisarga forces India’s container terminal to clear Denmark Sri Lanka Malaysia Ireland Singapore vessels Netherlands Poland • Carriers in Europe take tentative steps to increase capacity Indonesia Germany • China Merchants Port Group and Alibaba Join Forces for Smart Belgium Port Czech Republic • UPS is actively working hard to minimize the impact of these France factors on our customers

Australia Turkey Severely constrained

Somewhat constrained Italy Portugal Spain New Zealand Not constrained No information available

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

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. 15 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 10, 2020 : Abu Dhabi Ports launches feeder line with Bengal Tiger Lines

Central and South American Ports Middle East, Nigerian and South African Ports

Customers can expect delays with the potential for increased Mexico storage costs due to congestion as volumes continued to grow. Kuwait Honduras Impacting shipments transiting through the affected areas Bahrain Pakistan Guatemala Qatar Nicaragua outlined UAE El Salvador Panama Saudi Arabia Venezuela Costa Rica • These conditions are not limited to UPS but is also Oman Colombia affecting other providers, contributing factors include: Egypt Nigeria Ecuador Peru • Abu Dhabi Ports launches feeder line with Bengal Tiger Lines Brazil • Panama Threatens Sanctions For Ships Disabling Positioning Signals Bolivia • UPS is actively working hard to minimize the impact of Nigeria these factors on our customers Kenya Chile Paraguay Rwanda

Congo Tanzania Uruguay Argentina Severely constrained Zambia Somewhat constrained

Not constrained

No information available South Africa

Source: The Maritime Executive & Lloyd’s List

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. 16 Thank You Sources

• Official sources (WHO, Governments, etc.), ** UPS Internal Sources Seabury

• Carriers • Sky cargo • Emirates •

• News Media Brussels times New York Times BBC News Times of India

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. June 11, 2020 Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS. 18 ©© 2017 2020 United United Parcel Parcel Service service of America, Inc. UPS, the UPS UPS brandmark,brandmark, the the color color brown brown are are trademarks trademarks of ofUnited United Parcel Parcel Service Service of Aofmerica,America, Inc. Inc. All rightsAll rights reserved. reserved.