ICG Commerce To Deliver Global Indirect Procurement Outsourcing Services To Chiquita Brands International

Agreement Expected To Help Chiquita Reduce Costs While Focusing On Delivering Healthy, Convenient, Fresh Foods To Customers

PHILADELPHIA - Monday, August 27, 2007 - ICG Commerce, the leading procurement
outsourcing specialist, today announced that it has signed a five-year agreement with Chiquita 
Brands International, Inc. (NYSE: CQB), one of the world’s leading marketers and distributors 
of high-quality fresh and value-added food products, to provide procurement outsourcing 
services.  Under the terms of the contract, ICG Commerce will assist Chiquita with managing 
indirect spend areas, including transportation, marketing, MRO (maintenance, repair and 
operating supplies) and information technology on a global basis.
   
“Partnering with ICG Commerce complements a key pillar of Chiquita’s corporate 
strategy to build a high-performance organization by providing our procurement organization 
access to the expertise that will enable us to focus on our core competencies and deliver more 
value to the company,” said Onye Uzoukwu, Chiquita’s vice president of global procurement.  
“We expect this agreement will help us drive cost savings, while allowing us to concentrate on 
delivering innovative, higher-margin products to our customers and consumers.”

“We are very pleased to work with an industry leader like Chiquita,” said Carl Guarino, 
chief executive officer, ICG Commerce.  “They have a world-class procurement organization 
with strong capabilities, and recognize outsourcing as a way to drive even greater results.” 

In addition to Chiquita, Guarino acknowledged the concurrent signing of a five-year 
contract for procurement outsourcing services with a large North American-based life sciences 
company. These two new customers join other leading companies, including Kimberly-Clark, 
Goodyear Tire & Rubber and The Timken Company, which have outsourced indirect 
procurement to ICG Commerce.
   
“We continue to see more and more companies embracing procurement outsourcing as a 
strategy to increase focus and improve performance,” Guarino continued.  “We believe many of 
these companies choose ICG Commerce based upon our focused commitment to ensuring our 
customers succeed in achieving their objectives and our track record of delivering against our 
commitments.” 

About Chiquita Brands International

With annual revenues of approximately $4.5 billion, Chiquita Brands International, Inc. 
(www.chiquita.com) is a leading international marketer and distributor of high-quality fresh and 
value-added food products – from energy-rich bananas and other fruits to nutritious blends of 
convenient green salads.  The company’s products and services are designed to win the hearts 
and smiles of the world’s consumers by helping them enjoy healthy fresh foods.  The company 
markets its products under the Chiquita® and Fresh Express® premium brands and other related 
trademarks.  Chiquita employs approximately 25,000 people operating in more than 70 countries 
worldwide.  

About ICG Commerce, Inc.
 
ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay 
services. Results-driven leaders access ICG Commerce’s experienced resources and market intelligence to 
better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control. 

ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's 
(Nasdaq: ICGE) network of partner companies.  The company has earned recognition from Forbes, Fortune, 
The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its 
leadership in procurement outsourcing. For more information: www.icgcommerce.com