CRNS Cronos Grp. S A (MM)

The Cronos Group (Nasdaq:CRNS) notified Nasdaq on this date that it has set the record date for the determination of those shareholders of Cronos entitled to its anticipated liquidating distribution of $16.00 per share to be August 1, 2007. On that date, Cronos� shareholders will consider approval of the Asset Purchase Agreement by and among Cronos and CRX Acquisition Ltd. (�CRX�) and FB Transportation Capital LLC. If the Asset Purchase Agreement is approved by Cronos� shareholders, and all other conditions to closing of the sale of Cronos� assets to CRX are satisfied, then Cronos anticipates a closing promptly after the meeting of shareholders on August 1. The shareholders of Cronos entitled to receive the anticipated liquidating distribution of $16.00 per share will be those shareholders of record as of the close of business on the date of closing of the assets sale to CRX. Promptly after the conclusion of the special shareholders meeting, Cronos will announce the results of the vote and the closing of the assets sale if it occurs on that date. Registered shareholders will receive a transmittal form and instructions from Cronos� paying agent, Computershare Inc., promptly after closing of the assets sale. Shareholders who hold their common shares of Cronos in �street name� will receive payment of the liquidating distribution from their broker. Cronos has also requested that Nasdaq suspend trading in Cronos� outstanding common shares, effective the close of business on August 1, 2007 in the event that the closing of Cronos� sale of its assets to CRX occurs on that date. Participants In The Transaction Cronos and its directors and executive officers may be considered participants in the solicitation of proxies from Cronos� shareholders in connection with the proposed transaction. Information about the directors and executive officers of Cronos, and their ownership of Cronos� common shares, is set forth in the definitive proxy statement for the August�1, 2007 special meetings of shareholders, dated June�22, 2007. Further Information Cronos has filed a proxy statement and Schedule�13E-3 transaction statement with the SEC containing detailed information about the proposed assets sale and other elements of its plan for its liquidation and dissolution following the assets sale. Shareholders may obtain a free copy of the definitive proxy statement and other documents filed by Cronos with the SEC, including the Schedule�13E-3, at the SEC�s website at www.sec.gov, or by directing a request to Cronos as specified below. About Cronos Cronos (www.cronos.com) is one of the world�s leading lessors of intermodal containers, owning and managing a fleet of over 440,000 TEU (twenty-foot equivalent units). The diversified Cronos fleet of dry cargo, refrigerated and other specialized containers is leased to a customer base of over 450 ocean carriers and transport operators around the world. Cronos provides container-leasing services through an integrated network of offices using state-of-the-art information technology.