About Humboldt Corporate Development Services

I am a corporate development and business transformation Expert, experienced management consultant and senior manager. My main focus has been to help internal and external clients succeeding with growth strategies, strategic alliances / joint ventures, buy- and sellside M&A and Post Merger Integration. Among others, I:

helped TNT Group to position itself as the leading challenger of Deutsche Post DHL in the German postal market with 50% external growth via M&A and strategic alliances / joint ventures, having achieved brakethrough in deadlock situations with partners following introduction postal minimum wage legislation in Germany

established internationalization of passenger services within Deutsche Bahn Group in a difficult environment following unsuccessful previous attempts

During my approximately 20 years of relevant professional experience I also worked on a number of restructurings, distressed M&A and Carve Out projects as project leader. My role changed from time to time from advisor to principal.

I am experienced in working in a small entrepreneurial as well as in a complex conglomerate environment. For many years I had a focus on the following sectors: Business and Financial Services, incl. Asset Management and Private Equity, Logistics / Supply Chain and Transport.

Track record: With over 50 completed projects (see also public project list below) I have worked on a total amount of EUR 10 bn in completed transaction / project size. Among those projects:

Strategic Alliance and Joint Venture between TNT Post and Holtzbrinck Group, incl. acquisition of insolvent PIN Group (Springer Verlag)

Restructuring, CarveOut and Sale via MBO of TNT Direktwerbung

Internationalization Strategy for Deutsche Bahn, incl. master plan for United Kingdom targeting the acquisition of Arriva Group plc

Strategic Alliance between Deutsche Bahn AG, Virgin Management and Stagecoach plc.

Strategic Alliance and Joint Venture between Prudential Financial (US) and Sal. Oppenheim Asset Management (see Case Study in the "INSIGHT" section)

Sale of Promus Group to Hilton Group

Qualifications:

Deutsche Bahn Executive Development Programme
Citigroup Associate Training, New York City
Master-level Negotiations Certificate, ESMT - European School for Management & Technology, Berlin
Certified Business Coach (systemic)
Controlling I + II, Controller Akademie, Germany
Diplom-Kaufmann (FH), HWR - Hochschule für Wirtschaft und Recht
Bankkaufmann (IHK), Completed Banking Apprenticeship with Commerzbank

Professional Functions/Positions:

Management Consulting, Interim Management, Business Transformation, Lean Management
Head of Mergers & Acquisitions and Post Merger Integration, TNT Post
Head of Corporate Development - International, Deutsche Bahn Group
Associate Director, Hawkpoint Partners, London
Senior Associate, Salomon Smith Barney / Citigroup Investment Bank, New York & London
Investment Analyst - Principal Investments, WestLB Group, Duesseldorf

Network / Intermediaries:

Christoph Jores maintains an active network of local and international leading industry experts, specialized consultants, lawyers, investors, investor relations / communication managers and bankers with whom he has gained sound working experience over the years.

| PERSONAL PROJECT EXPERIENCE |

Project

Industry

M&A (buy-side) advisory to CFO DHL Group Division

Logistics

Advisory to Global M&A Integration Consulting firm on project with logistics group

B2B Services

Restructuring of a private equity investment portfolio

Diverse industries

Advisory to / Fundraising for Hanse Ventures regarding integration of new equity partner

Internet

Restructuring advisory to and transformation of representation of Swiss industrial

global leader

B2B services

Business development – investment project for Deutsche Bahn AG, Moelis & Co.

und Morgan Stanley A. M.

US Cargo

Carve out of a TNT Group division and contribution in kind into a joint venture

Logistics

Distressed sale of a subsidiary of TNT Group

Logistics

Merger of TNT subsidiaries with cooperation partners and transformation

into joint ventures

Logistics

Carve out and subsequent sale of TNT Directwerbung via auction

Logistics

Mail Alliance - Merger of German national logistics of TNT Post and Holtzbrinck

Group with partners and Post Merger Integration into Joint Venture Mailworx GmbH

Logistics

Formation of a strategic alliance between TNT Group and Georg von Holtzbrinck Group

and in context with the acquisition of insolvent PIN MAIL (Axel Springer Group)

Logistics

Restructuring of TNT Group business line

Logistics

TNT Group´s Acquisition of 51% in Citipost Ludwigsburg and transformation

into a Joint Venture with Ungeheuer & Ulmer Verlag

Logistics

TNT Group´s Acquisition of 51% in Idomail, Landshut and Straubing and

transformation into a Joint Venture with Attenkofer´scher Zeitungs-Verlag

Logistics

TNT Group´s Acquisition of 25,1% in Ecoflash, Munich and transformation into

a Joint Venture with Süddeutscher Verlag and Ippen Group

Logistics

TNT Group´s Acquisition of 25,1% in Citipost Osnabrück and transformation into

a Joint Venture with Neue Osnabrücker Zeitung

Logistics

TNT Group´s Acquisition of 25,1% plus Call Option in Nordwest Mail, Bremen and

transformation into a Joint Venture with Hackmack Meyer Verlag (Weser Kurier)

Logistics

TNT Group´s Acquisition and Post Merger Integration of various small and medium

sized companies

Logistics

Development of a Post Merger Integration Manual with guidelines for TNT Group

Logistics

Development of a M&A Buy & Build Strategy for TNT Group

Logistics

Led a turnkey project for Deutsche Bahn AG the development and operation of a rail

transport system in Turkey in alliance with Siemens AG

Transport

Development of strategic alliance for Deutsche Bahn AG with Virgin Management

Ltd and Stagecoach Group plc and formation of a joint venture

Transport

Negotiated proposed public takeover of Arriva plc, a UK bus and rail transport

company by Deutsche Bahn AG

Transport

Development of an internationalization strategy for Deutsche Bahn AG,

incl. formation of a new business division, business development und master plan

for market entry into the UK

Transport

Strategic Advisory to Prudential Financial Inc., regarding the market entry into

the German asset management market and subsequently on the formation of a joint venture

with Sal. Oppenheim jr. & Cie.

Asset Management

M&A Advisory to German specialty investment fund on the proposed acquisition of

two IFA

Asset Management

Strategic Advisory to WestLB on potential Joint Venture partners; work included a strategic

business review and valuation

Asset Management

M&A Advisory to Royal & SunAlliance’s on its proposed acquisition of the general insurance

business of Prudential plc

Insurance

M&A Advisory to Comcast, USA on a proposed minority investment in a US CLEC

(competitive local exchange carrier) company

Media/ Telecom

M&A Advisory to spanish Aceralia on its considered bid for a smaller European rival

Industrial / Steel

M&A Advisory to NICE Systems Ltd.’s (Israel) on the acquisition of assets from

Stevens Communications Inc.

Technology/ Telecom

M&A Advisory to Aviation Sales Company on the sale of its Aircraft Parts

Redistribution Business to Kellstrom Industries Inc.

Industrial/ Aerospace

M&A Advisory to Stora Enso Oyj’s (Sweden/Finland) bid for Donohue Inc.

Industrial / Paper

M&A Advisory to Boehler Uddeholm AG on its proposed acquisition of Timken Latrobe Steel

Industrial / Steel

M&A Advisory to Cox Communication Inc. on its acquisition of cable assets from

GST Telecommunications Inc

Media / Telecom

M&A Advisory to Syncor International Inc. Advised Syncor International Inc.’s (US) regarding

its Shareholder Rights Plan

Healthcare

M&A Advisory to Promus Hotel Corporation on its sale to HILTON Corp.

Real Estate/ Lodging

M&A Advisory to AZURIX Corp. regarding its proposed acquisition of a US-based

water resources management company

Utilities / Water

Advisory to Level 3 Communications regarding the implications from a potential

inclusion in the S&P 500 index

Telecom

M&A Advisory to a group of investors regarding their proposed LBO of

Ciba Polymers and Hexcel Corp.

Chemicals

M&A Advisory to FleetBoston regarding its proposed Joint Venture with

Morgan Stanley’s DISCOVERY credit card operations

Financial Services

Advisory to Czech conglomerate CGS Group on its shareholder value strategy

and restructuring

Industrial/ Autoparts

M&A Advisory to CINVen regarding its proposed acquisition of an European

pharmaceutical manufacturer

Healthcare

M&A Advisory to Mayflower Corporation regarding its proposed acquisition

of a north american bus and vehicle body manufacturer

Industrial/ Autoparts

M&A Advisory to Bank Austria/Creditanstalt regarding its sale of

Steyr-Daimler-Puch AG to Magna International Inc.

Industrial/ Autoparts

M&A Advisory to NordLB´s shareholders regarding the announced

(but later terminated) merger with Bankgesellschaft Berlin

Financial Services / Banking

Restructuring of WestLB’s and Standard Chartered joint venture

CWB Capital Partners fund and management company (today: Doughty Hanson)

Private Equity/ Asset Management

CWB Capital Partner’s sale of it’s 40% stake in Tarkett AG, Germany to

Sommer Allibert S.A.,France

Industrial

CWB Capital Partner’s venture capital investment in

Powderject Pharmaceuticals plc, Oxford, UK

Healthcare

CWB Capital Partner’s investment in Elexis Holding AG, Germany

(formerly AEG, subsidiary of Daimler-Benz)

Technology