Global Novel Coronavirus UpdateJuly 30, 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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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, 22nd July to 28th July*

27/29/2020

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 Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts.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

7/30/2020

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

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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.7/30/2020

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.

Global Air Cargo capacity is 28% below last year. Drop in Transatlantic (-52%) and LATAM capacity (-66%) continues.

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"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.”

7/30/2020

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 30th

Countries Current Situation Lockdown

Status

Russia

Ukraine

• Russia: • The head of Russia's sovereign wealth fund is funding

coronavirus vaccine research called Russia's race to develop the world's first coronavirus vaccine "a Sputnik moment,"

MEDIUM

Romania

UK

Spain

France

Germany

Italy

Austria

Bulgaria

Greece

Netherlands

Belgium

Sweden

• Turkey:• Highest number of new cases reported from Istanbul, Ankara,

Gaziantep, Konya and Diyarbakir, • Artvin, Tunceli, Bayburt, Kirklareli and Bartin reported fewer

cases in past week.• UK:

• UK's made decision to impose a 14-day quarantine on travellersfrom Spain

• Spain:

• Coronavirus: Spain travel row and a local lockdown

• Spain races to save tourism as cases surge

• Italy: Several coronavirus clusters have emerged across the country, but this has mostly been due to infections imported from abroad.

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.”

5June 18, 20207/30/2020

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 30th

Air Freight Updates

Socioeconomic Updates

• European Commission secures Covid-19 treatment Remdesivir• Facebook sues EU for requesting ‘highly sensitive personal

information’• Face masks now mandatory on all busy streets in Brussels• Belgian PM releases explainer on new social contact rules

• 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

• All Nippon Airways: Flights scheduled from FRA to NRT, HND; LHR- HND; CDG-HND

• Qatar Airlines:• Temporary Suspended Destinations: ADA, ADB, AGP,

BEG, BHX,CWL, DME, EVN, GOT, GVA, GYD, JMK, KBP, LED, LGW, LIS, MLA, NCE, OTP, PSA, SAW, SJJ, SKG, SKP, SOF, TBS, TZX, WAW, ZAG

• Constrained Destinations: AMS, BRU, CDG, FRA, LHR, MAD, MAN, MUC, STN, ZRH

• Asia-Europe carriers reinstate sailings, limit capacity cuts

• 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. IT,FR,DE→CH, RO→CH and RO→HU, SK-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.”

6Proprietary 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.7/30/2020

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 30th

No information available

Countries Current Situation Lockdown

Status

India

Sri Lanka

Pakistan

Iraq

Afghanistan

Kuwait

Angola

• Kuwait:

• Farwaniya area lockdown has been taken off• Curfew restrictions in all other areas from 9pm to

3am till further notice• India:

• Outbreak ongoing, with Maharashtra, New Delhi, Tamil Nadu, Gujarat and Karnataka are the most affected states

• The total to more than 1 million as cases continue to surge

HIGH

Saudi Arabia

Bangladesh

UAE

Guinea

Congo

Egypt

Uganda

• UAE:

• About five million tests have been conducted in the

country.

• The number of people to be allowed in mosques

have been increased to 50 percent of total

capacity.

• Congo DRC:

• The number of new cases have been on a

downward trend, and DRC has moved into Limited

Activity category reporting a minimal number of

new cases per day (sporadic or small clusters).

MEDIUM

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.”

77/30/2020

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 30th

Ocean Freight Updates

Socioeconomic Updates

• India:• Bhopal Region under lockdown until 3rd August • Kolkata administration imposed lockdown in various

containment zones and surrounding buffer area until 31st July

• Air freight :

• UPS working but some delays expected due to local

condition

• Ocean Freight: Running unconstrained

• Local transportation causing delays due to restrictions

• Qatar Airlines:• Temporary Suspended Destinations: CNX, CRK, DAD,

DVO, HKT, HND, KBV, LGK, PEN• Constrained Destinations: BKK, CGK, ICN, KUL, MNL,

NRT, SGN, SIN• India: Temporary Suspended Destinations: ATQ, CCJ,

GOI, KTM, LYP, MUX, NAG, SKT• Constrained Destinations: CCU, ISB• Africa: Temporary Suspended Destinations: ACC, ADD,

ALG, CPT, DUR, GBE, MBA, MGQ, MPM, RAK, RBA, SEZ, WDH

• Constrained Destinations: EBB, JIB, JNB, KGL, LOS, NBO, TUN

• 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

• India: Pick up and Deliveries in to be severely impacted due to

lockdown

• Nigeria: Movement of goods and services not affected due to

lockdown

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.”

8Proprietary 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, 20207/30/2020

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 30th

Countries Current Situation Lockdown

Status

Philippines

Indonesia

• Philippines: Stay-At-Home order

• Indonesia: Only essential services working in

some parts of the country

MEDIUM

Australia

Cambodia

China

Hong Kong

Japan

Malaysia

Myanmar

Singapore

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.”

97/30/2020

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 30th

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Socioeconomic Updates UPS Operations**

• Thailand: Emergency Decree is extended until end of August 2020

• Myanmar: Government has announced locally that they will ban all International Carriers from Myanmar until end of the year

• Vietnam: VN The CAAV (Civil Aviation Authority of Vietnam) has proposed that weekly flights between VN and countries with no record of community transmission in 30 consecutive days e.g China, Taiwan, South Korea, Laos, and Cambodia be operated from August.

• Air Freight: Charters available

• Ocean Freight: Available capacity

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

some countries

• Thailand: Inbound International PAX flight ban is still

ineffective

• Myanmar: No service impact known for as of now

• Vietnam: Only national carrier (VN) will be permitted to run

these flights. Other airlines will be allowed to take part in the

plan when the pandemic situation improves

• Reinstatement of sailings in the TPEB trade

• Myanmar: No service impact known for as of now

Air Freight Updates Ocean Freight 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.7/30/2020

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 30th

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Socioeconomic Updates UPS Operations**

• US coronavirus crises deepens: 1,000 people die of Covid-19

in 1 day

• Fresh threat to US food exports: China COVID inspections

• US residents banned from EU travel amidst rising COVID

numbers

• Air Freight: Fully operational

• Ocean Freight: Fully operational

• Rail/Ground: Fully operational

• Airlines grew 1H cargo revenues despite drop in volume

• FAA clears airlines to remove passenger seats for cargo

• E-commerce drives multipronged expansion at UPS Airlines

• COVID ushers in direct cargo flights from Vietnam

• 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

• Tanker stocks are sinking toward the bottom

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.7/30/2020

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 30th

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Socioeconomic Updates UPS Operations**

• Canadian truck drivers worry about going to US amid

COVID-19

• Canada Extends Coronavirus Travel Ban On Most

Foreign Travelers

• Canada extends US and Mexico border restrictions for

30 more days

• 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.7/30/2020

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 30th

13

Socioeconomic Updates UPS Operations**

• Mexico opens for business amid surge in COVID-19

infections

• Mexico, US and Canada extend border restrictions for 30

more days

• 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.7/30/2020

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

15Proprietary 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.7/30/2020