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August 25, 1998

FedEx Delivers US Government Relief Aid to China

HONG KONG, August 25, 1998 — Federal Express Corporation (FedEx) recently (August 23) delivered US Government flood-relief supplies to China's Yangtze River region. This emergency mission was carried out in cooperation with the US Embassy in Beijing. The FedEx DC-10 was loaded with tents, blankets, plastic sheeting and water containers that were part of a two-plane US Government relief effort — the first flight was flown in by a US Air Force plane in early August. The FedEx flight originated from Anderson AFB, Guam, and was met by Mr. James Moriarty, Acting Deputy Chief of Mission, US Embassy and a crew of FedEx staff who helped unload the goods manually at Huanghua International Airport in Changsha, Hunan Province.

"FedEx is pleased to see our planes being used to help the Chinese people in times of crisis," said Peter Yin, Vice President, Marketing, Communications and Customer Service of FedEx Asia Pacific. "While our transportation network and logistics capabilities have been set up to facilitate the movement of goods for commercial purposes, we are ready to use them for humanitarian efforts. Our hearts go out to the people of the Hubei and Hunan provinces and other flood-plagued regions of China."

FedEx is the only US-based air cargo company with rights to fly into China and has previously used its aviation and logistics capabilities to support other relief efforts in the country, including earthquake relief in Hebei Province this year and Heart to Heart International medical supply airlifts to Chengdu (1997) and Chongqing (1998).

"I want to thank FedEx for their prompt response to this urgent humanitarian crisis," said James Sasser, US ambassador to China. "It is my sincere hope that these relief supplies can help save lives and improve conditions for the people suffering from these floods." Sasser recently visited Hubei Province and announced a US Government US$250,000 donation to the Red Cross earmarked for providing clean water and sanitary services to China's flood-stricken areas.

FedEx currently serves more than 30 countries and territories in the Asia Pacific market with approximately 5,000 employees. The company provides the most extensive trans-Pacific airlift of any major competitor. Operating its own wide-bodied MD-11, DC-10 and A310 aircraft, FedEx offers over 260 flights per week to the following locations: Bangkok, Beijing, Cebu, Hong Kong, Jakarta, Kaohsiung, Kuala Lumpur, Manila, Osaka, Penang, Seoul, Shanghai, Singapore, Subic Bay, Taipei, and Tokyo, as well as destinations in the U.S.

Federal Express, a subsidiary of transportation powerhouse FDX Corporation, connects areas that generate 90 percent of the world's gross domestic product in 24 to 48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3 million items in 211 countries each working day. FedEx and has more than 142,000 employees, 44,700 drop-off locations, 615 aircraft and 40,900 vehicles in its integrated global network. The company maintains electronic connections with more than a million customers via FedEx PowerShip®, FedEx Ship®, and FedEx interNetShip®. Federal Express reported revenues of US$13.3 billion for its fiscal year ended May 31, 1998.

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