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September 27, 1999

FedEx opens new European hub in Paris

The largest hub outside US and introduces FedEx EuroOne Network

Hong Kong, September 27, 1999 - Federal Express Corporation (FedEx), the world's largest express transportation company, today officially opened its new European hub at Roissy-Charles de Gaulle (CDG) airport in Paris, France. The 77,000-square meter facility is the largest FedEx hub outside the US and improves connectivity for FedEx customers, shipping internationally to, from and within Europe, the Middle East and Africa.

The US$200 million CDG hub project was jointly funded over the past three years by FedEx and Aéroports de Paris (ADP). With the opening of the hub, FedEx also announced its FedEx EuroOne network, centered on the newest addition to the FedEx system. The FedEx EuroOne network supports a range of important service improvements, including next business-day deliveries among 38 major European cities, with cut-off and pick-up capabilities as late as 7pm.

Customers in Asia will benefit from the EuroOneSM network's expanded European connectivity to Asia, as well as end-of-business-day pick-up.

"We are very proud of the opening of the CDG hub and view its success as a further example of FedEx's commitment to enhancing our top quality service on an international scale. The launch of the EuroOne network will enable us to provide customers with greater reliability and improved delivery service for shipments from Europe to Asia and worldwide," said Michael L. Ducker, president of FedEx Asia Pacific Division.

Roissy-Charles de Gaulle represents a strategically powerful location for FedEx, being at the heart of one of the most important economic regions in Europe. FedEx has forged strong partnerships with the French government, ADP and customs authorities.

Robert W. Elliott, president of FedEx for the Europe, Middle East and Africa region said, "This is an historic day for FedEx in Europe. The new hub here at Roissy-Charles de Gaulle forms the central point connecting our other gateways in the region - Stansted, Frankfurt, and Dubai - and connecting our region to the global FedEx network. Extensive improvements to both Frankfurt and Dubai gateways are also being announced today.

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