Freightways Announces Capital Management Initiatives

The Company has on Tuesday, 7 April 2009 announced capital management initiatives to the NZX which include a Placement and Share Purchase Plan. Full details of that announcement can be obtained from the NZX website www.nzx.com

For further information please contact:

DEAN BRACEWELL
Managing Director
Freightways Limited
Ph: (09) 571 9670
Fax: (09) 571 9671