FedEx Among Top Ten on FORTUNE’s List

HONG KONG , March 12, 2009—FedEx Corp. (NYSE: FDX) is among the world’s most admired companies, according to a survey published in FORTUNE magazine. This is the first year the magazine consolidated the United States and World’s Most Admired lists. FedEx had placed on the U.S. most admired list eight consecutive years.

FORTUNE magazine has recently released its annual report on corporate reputation, listing FedEx as #7 (tied with Southwest Airlines) on its list. Additionally, FORTUNE magazine recognized FedEx as being first in 8 of 9 transportation industry category rankings, those categories being:

· Innovation

· People management

· Use of corporate assets

· Quality of management

· Financial soundness

· Long-term investment

· Quality of products/services

· Global competitiveness

“FedEx is proud to be honored again by FORTUNE for our service-centered and performance-focused philosophy,” said David L. Cunningham Jr., president, FedEx Express Asia Pacific. “This recognition is a testament to the commitment of all our employees, to make every customer experience outstanding. Their dedication is instrumental to our long term success and is the cornerstone of our strong corporate reputation around the world.”

FedEx has consistently ranked in FORTUNE’s list of the World’s Most Admired Companies and FORTUNE’s list of America ’s Most Admired Companies since 2002 and 2001, respectively. Last year, FedEx ranked #7 in the U.S. and #6 globally. FedEx has also been honored as one of FORTUNE’s Best Companies to Work For in 11 of the past 12 years, and was named to the Best Companies to Work For Hall of Fame in 2005.

Survey Methodology

The new Most Admired list is the definitive report card on corporate reputations. FORTUNE’s survey partners at Hay Group started with some 1,400 companies: the Fortune 1,000 (the 1,000 largest U.S. companies ranked by revenue), non-U.S. companies in FORTUNE’s Global 500 database with revenues of $10 billion or more, and the top foreign companies operating in the U.S.

They then sorted the companies by industry and selected the15 largest for each international industry and the ten largest for each U.S. industry. To create the 64 industry lists, Hay Group asked executives, directors, and analysts to rate companies in their own industry on nine criteria, from investment value to social responsibility. This year only the best are listed. A company’s score must rank in the top half of its industry survey.

To create the top 50 overall list of Most Admired Companies, Hay Group asked 4,047 executives, directors, and securities analysts who had responded to the industry surveys to select the ten companies they admired most. They chose from a list made up of the companies that ranked in the top 25% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry.

A total of 689 companies from 28 countries were surveyed. Because of an insufficient response rate, the results for companies in Mortgage Services and in Oil and Gas Equipment, Services are not reported. In addition, in the Forest and Paper Products industry only the aggregate scores and ranks are published because of the distribution of responses in that industry.