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April 27, 1999

FedEx offers new services in Johor Bahru

New services provide customers greater access and faster links to FedEx network

JOHOR BAHRU, April 27, 1999 - Federal Express Corp., the world's largest express transportation company, today announced the launch of new services in Johor Bahru, through its agent. This new service is in response to increased demand for inbound and outbound air express services in the rapidly-expanding industrial state.

The new service offers FedEx immediate access to customers in Johor Bahru where FedEx has experienced significant growth in demand for services. This growth can be attributed to the increase in the small and medium-sized business sector, which has led to strong demand for time-definite air express services, both in and out of the region.

Occupying an area of 1,036.8 square meters, the station features a sorting and distribution center with a FedEx World Service Center (WSC) for walk-in customers. It will also provide ease of access for customers who will be able to drop-off their shipments.

"We are very excited about this new service into Johor Bahru, which will bring us closer to our customers here", said Luiz Tung, FedEx's Managing Director for Malaysia. "This service will allow us to increase our speed and reliability in the delivery of shipments to and from the region, while also increasing our access. We will be able to provide our customers with earlier delivery and improved response times".

"Customers will be able to enjoy FedEx's excellent service by well trained staff whose goal is to provide total customer satisfaction," added Mr. Tung.

"These new services are part of our efforts to support Johor Bahru as an industrial center. We will provide the business community there with faster connectivity to the FedEx AsiaOne and global network. FedEx customers in Johor Bahru will receive a truly world class service delivered by the best in the business," said David Cunningham, Regional Vice President, FedEx South Pacific.

FedEx first established operations in Malaysia in 1991. The company's local headquarters are located in Damansara Uptown, Kuala Lumpur.

In Johor Bahru, FedEx operates through an agent, FIP Packaging (Far East) Sdn. Bhd., which is a well-established company with a good network within Johor Bahru. With in-depth knowledge and experience of the local market, the company has strong domestic pick-up and delivery, and has the capability to serve FedEx's customers in Kulai, Kawasan Dato' Onn, Kawasan Taman Johor, Pasir Gudang, Permai Jaya Saleng, Senai, Skudai, Tampoi, Kelapa Sawit, Sri Pulai

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 Asian locations: Bangkok, Beijing, Cebu, Hong Kong, Jakarta, Kaohsiung, Kuala Lumpur, Manila, Osaka, Penang, Seoul, Shanghai, Singapore, Subic Bay, Sydney, Taipei and Tokyo.

Federal Express, a subsidiary of FDX Corp., 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 to 210 countries each working day. FedEx employs more than 145,000 employees and has more than 44,400 drop-off locations, 624 aircraft and 42,800 vehicles in its integrated global network. The company maintains electronic connections with more than a million customers via FedEx PowerShip®, FedEx Ship® FedEx interNetShip®. FedEx reported revenues of US$13.3 billion for its fiscal year ended May 31, 1998.

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