Global Novel Coronavirus UpdateJuly 2, 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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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 cases reported in the last seven days by country, territory or area, 23 June to 30 June*

27/1/2020

"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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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

7/02/2020

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.

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.7/02/2020

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.

Europe - Coronavirus Updates, July 2nd

Countries Current Situation Lockdown

Status

Russia

Ukraine

• Russia: • New cases highest in Moscow city and region• St. Petersburg, Irkutsk Region, Khanty Mansi Autonomous

Region and Nizhny Novgorod Region are also having high number of new cases

MEDIUM

Romania

UK

Spain

France

Germany

Italy

Austria

Bulgaria

Greece

Netherlands

Belgium

Sweden

• Luxembourg:• Emergency measures ended on June 24th• New laws on mass gatherings, wearing of masks and maintaining

a social distance in place• Austria:

• All land borders have opened, but entry to the country is still

limited until further notice.

• Travellers from Gütersloh, Germany must present a negative

PCR test for COVID-19 dated no more than 48 hours.

• All stores and hotels open at this time and religious services are

allowed

• From August 1st, indoor events for up to 250 people will be

allowed

• Sweden:

• Official reports are showing a slow decline in the number of

serious cases

• The travel ban on non-European Economic Area (EEA) citizens

remains in place until August 31st

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, 20207/02/2020

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.

Europe Update for July 2nd

Air Freight Updates

Socioeconomic Updates

• EU lifts travel restrictions for 15 countries from 1 July• Germany takes over EU presidency with focus on Europe’s

recovery• European Union bars travelers from U.S. citing coronavirus

concerns• Air France could cut thousands of jobs by 2022• Brussels Airport struggles as EU mulls borders reopening

• 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

• IATA: Airfreight market improved, but a full recovery will take time

• IAG Cargo:• Additional freighters from LHR-ATH/AMS• Additional freighters from MAD-LHR-MAD• Freighters available from LHR-DME/LCA/MAD/ZRH

• Cathy Pacific: Scheduled flights to London (LHR), Amsterdam, Frankfurt in July

• Air Cannada: Scheduled inbound flights from• Montreal to Brussels/Frankfurt/Paris• Toronto to Frankfurt/London/Heathrow/Munich• Vancouver to London/Heathrow

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

are severely constrained

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

Italy & Spain are working without any constraints

• The situation at the borders remains stable, border waiting times on some borders — e.g. DE→CH, FR→CH 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, 20207/02/2020

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, July 2nd

No information available

Countries Current Situation Lockdown

Status

India

Sri Lanka

Pakistan

Iraq

Afghanistan

Kuwait

Angola

• India:

• A large trial called Project Platina on plasma therapy has been launched in Maharashtra state

• Several states re-imposed full or partial lockdown including Assam, Jharkhand, Tamil Nadu and West Bengal

• Schools in the capital city will remain closed till end of July

• Mozambique: The state of emergency extended until

the end of July

• Nigeria: The Nnamdi Azikiwe International Airport in Abuja re-opened

• Algeria: All borders closed (air, land, sea) until the COVID-19 crisis ends

HIGH

Saudi Arabia

Bangladesh

UAE

Guinea

Congo

Egypt

Uganda

• Saudi Arabia:

• Very limited number of people to be allowed for

Hajj pilgrimage this year

• Congo:

• On June 26th the WHO declared the end of

the Public Health Emergency of International

Concern (PHEIC) for Ebola in DRC

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, 20207/02/2020

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 July 2nd

Ocean Freight Updates

Socioeconomic Updates

• Africa: • Human trials of the ChAdOx1 nCoV-19, developed by the

University of Oxford, have begun in South Africa• This will be the first COVID-19 vaccine trialed in Africa

• Iran:• Provinces with “red level” COVID-19 outbreaks will be

allowed to re-impose restrictions• Mask wearing will become compulsory in indoor gathering

places until at least July 22nd

• Air freight :

• UPS working but some delays expected due to local

condition

• Ocean Freight: Running unconstrained

• Local transportation causing delays due to restrictions

• Qatar Cargo boosted by bellyhold and freighter operations• Bangladesh: Flights to the UAE have become operational

since June 24th• IAG Cargo:

• Scheduled freighters from BLR/BOM/DEL/HYD-LHR• Scheduled freighters from JNB/ NBO-LHR

• Cathay Pacific: Flights scheduled to Mumbai, New Delhi

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

• Ports of India, 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

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, 20207/02/2020

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, July 2nd

Countries Current Situation Lockdown

Status

Philippines

Singapore

Indonesia

Myanmar

• Myanmar, Singapore & Philippines: Stay-

At-Home order

• 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, 20207/02/2020

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 July 2nd

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Socioeconomic Updates UPS Operations**

• Thailand: Emergency Decree is extended until end of July• Night curfew is lifted• Domestic travel restriction is lifted• Inbound International PAX flight ban still ineffective

• Vietnam:• Civil Aviation Authority of Vietnam affirmed there is no

restriction on any international air route and that it is up to airlines to decide whether they want to resume regular flights. The first post-pandemic commercial flight from JP-VN has departed last Thursday

• 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

Carrier blank sailings still expected in July. Some carriers will re-

instate several sailings to meet the demand growth on certain

locations

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, 20207/02/2020

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 July 2nd

10

Socioeconomic Updates UPS Operations**

• Economic recovery is stalling as infections rise in the U.S

• US excluded from EU travel as it reopens borders

• 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, 20207/02/2020

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 July 2nd

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Socioeconomic Updates UPS Operations**

• Canada extends ban on foreign travelers to July 31

• Canada, US and Mexico extend border restrictions for

30 more days

• Toronto makes it mandatory to wear a mask in indoor

public spaces

• Canada Shifts to Maritime for PPE Import

• Air Freight: Reduced flights

• Ocean Freight: Port restrictions

• Rail/Ground: Customs operation impacted

Air Canada ending service to 8 cities, suspending 30

regional routes.

• 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, 20207/02/2020

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 July 2nd

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, 20207/02/2020

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

14Proprietary 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, 20207/02/2020