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April 13, 2000

Federal Express Appoints New Managing Director in Malaysia

KUALA LUMPUR, April 13, 2000 - Federal Express Corp. (FedEx), the world's largest express transportation company, today announced the appointment of Mr. Ramesh Kumar to the position of Managing Director of Malaysia, effective immediately.

Based in Kuala Lumpur, Mr. Kumar is responsible for managing the entire Malaysian operations. In his capacity, Mr. Kumar oversees the development and implementation of strategies to enhance service to FedEx customers and reinforce FedEx's leadership in the local market.

Mr. Kumar first joined FedEx in 1994 as a Training Specialist. In 1997, he was promoted to Station Manager. Prior to his current appointment, Mr. Kumar served as Senior Operations Manager in Kuala Lumpur. In his six years at FedEx, Mr. Kumar has initiated several major projects aimed at improving local services to customers including improving onward communications for couriers to facilitate faster pick-ups and deliveries, the introduction of mini-agents for secondary states in Malaysia and the implementation of expansion plans in Malaysia.

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