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August 20, 1999

Catch the Formula One Action - The FedEx Way

PETALING JAYA, August 20, 1999 - Federal Express Corporation (FedEx), the world's largest express transportation company today announced its FedEx F1 Action program - a special customer award program to celebrate the first ever Formula One race to be held in Malaysia.

The FedEx F1 Action program is a redemption program that is open to all FedEx account holders in Malaysia and runs from now until September 28, 1999. Customers simply accumulate points by shipping with FedEx and stand a chance to win great F1 action prizes. New customers who are not FedEx account holders can still participate by opening a FedEx account within this period.

Prizes for the FedEx F1 Action program include tickets for two to attend the Formula One race at Sepang in the Ferrari Hospitality Suite on October 17, tickets for two to view the Formula One time trials on October 16 and many more exciting prizes.

According to Mr. Malcolm Sullivan, Managing Director of FedEx Marketing, South Pacific, "FedEx is committed to showing its appreciation for our customers' support and what better way than giving customers the opportunity to experience such an exciting world class event."

FedEx is one of the sponsors for the Ferrari-Marlboro Formula One racing team. "We are proud to be associated with the speed, reliability, innovative technology and outstanding team work of the Ferrari Formula One team", added Mr. Sullivan.

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