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May 19, 2000

FedEx reappointed as the Official Air Express Company for Hong Kong Trade Development Council trade fairs

HONG KONG, May 19, 2000 - Federal Express Corporation (FedEx), the world's largest express transportation company, has once again been appointed as the Official Air Express Company for the local exhibition activities of the Hong Kong Trade Development Council (HKTDC). This continued appointment further reaffirms FedEx's quality express service in the Hong Kong market.

Beginning September 1, 2000, FedEx will continue to be the Official Air Express Company for HKTDC trade fairs for a period of two years. Lynda Sun Lee, FedEx's Managing Director of Marketing, China and Mid Pacific Region, and Benjamin Chau, Chief Manager of Exhibitions at HKTDC recently signed the agreement at an official ceremony.

"We are honored to be appointed again as the official air express company for HKTDC trade fairs," said Mrs. Lynda Lee. "This appointment highlights FedEx's longstanding strength and capabilities in the express transportation industry. By flying our own aircraft, FedEx is in full control of its loading capacity and thus is able to provide Hong Kong's small-and-medium-sized companies with a much higher level of assurance for heavyweight shipments."

The appointment complements FedEx's commitment to local small-and-medium-sized enterprises by providing fast and reliable international express service - both into and out of Hong Kong. FedEx will be able to bring the company's innovative and dependable services to more trading arenas as a result of the HKTDC appointment.

Mr. Chau of Hong Kong Trade Development Council commented during the signing ceremony, "FedEx has demonstrated its superb service quality over the past two years and we are happy with their service. We are confident that FedEx will continue to provide our members with this strong service commitment."

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