Press Release

MODUSLINK ENTERS INTO A STRATEGIC ALLIANCE WITH JAMES CARGO SERVICES STRENGTHENING ITS PRESENCE AND CUSTOMER SUPPORT IN THE U.K.

–Strong Synergy Between Two Companies and Additional Support for ModusLink Clients Trying to Navigate BREXIT —

Smyrna, TN (June 24, 2021) — ModusLink Corporation, a leading global supply chain management services company, announced it has entered into a strategic business alliance with James Cargo, a prominent U.K.-based international shipping and logistics company. The alliance agreement strengthens ModusLink’s fulfillment capabilities in the U.K. as it leverages expertise and resources from James Cargo Services Group to provide cost-effective fulfillment and logistics solutions in the U.K., which is particularly important given the impact of BREXIT. As part of the agreement, ModusLink will offer James Cargo’s clients financial management services and other services.

“There is a significant asset overlay between our two companies providing the proverbial win-win for ModusLink and James Cargo and our customers,” notes Fawaz Khalil, President and CEO of ModusLink. “BREXIT has certainly provided its share of logistics and import and export challenges for U.K. companies, and we are excited to be able to provide our current and future clients all that James Cargo Services can offer. We are thrilled to partner with a company that shares our vision for innovation, attention to detail and providing the highest-quality, hands-on customer service,” he adds.

ModusLink has an expertise in packaging, kitting, assembly, fulfillment, digital commerce, and reverse logistics. The company has a global footprint spanning across the Americas, Europe, and the Asia-Pacific region. ModusLink uses an adaptive approach to distributive fulfillment services, which helps companies drive growth, lower costs, and improve profitability. ModusLink is a wholly owned subsidiary of Steel Connect (NASDAQ: STCN).

With international hubs in Europe, the Far East and the U.S., James Cargo supports customers in managing the complex global operations involved in running an international multichannel supply chain network. James Cargo Services Group provides proven expertise in the U.K in navigating customs, compliance and import and export strategies post BREXIT.

“With this partnership in place, we’ve never been more confident in providing world-class services with local resources and relevant experience,” stated Daniel Edwards, CEO of James Cargo Services. “We are delighted to partner with ModusLink, who have a complementary service offering of supply chain and eCommerce solutions. James Cargo has seen a significant increase in demand for cross-border omni-channel logistics. By partnering with ModusLink, the outcome for clients is an extension of comprehensive supply chain solutions and financial management services that deliver tangible results. The relationship with ModusLink opens new opportunities in Europe and beyond. Both current and future clients will benefit from the depth of product and industry knowledge both James Cargo and ModusLink bring to the market. We are looking forward to strengthening and developing this partnership further towards achieving common goals that drive customer success.”

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About Steel Connect and ModusLink

Steel Connect, Inc. is a diversified holding company with two wholly owned subsidiaries, ModusLink Corporation and IWCO Direct, that have market-leading positions in supply chain management and direct marketing.

ModusLink Corporation provides supply chain business management services to many of the world’s great brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software and content, consumer packaged goods, medical devices, retail, and luxury goods. With experience and expertise in packaging, kitting and assembly, fulfillment, digital commerce, reverse logistics, as well as a global footprint spanning the Americas, Europe, and the Asia-Pacific region, the Company’s adaptive approach to supply chain services helps to drive growth, lower costs, and improve profitability.

About James Cargo Services

James Cargo Services provide international forwarding and logistics. James Cargo Services are trusted by their customers to deliver millions of items every year, fulfilling orders across the supply chain throughout multiple channels. Through our supply chain experience, expertise, and system capabilities, we implement business-aligned solutions to help clients around the world create sustainable value for their customers and stakeholders.