FedEx Kinko’s Escalates Asia-Pacific Expansion Efforts

TOKYO, August 14, 2007 -- FedEx Kinko’s Office and Print Services, Inc. (“FedEx Kinko’s”), an operating company of FedEx Corp. (NYSE: FDX), today announced plans to open four new stores in Japan and 19 in the Asia-Pacific region as a whole by June 2008 to meet burgeoning demand among small- and medium-sized enterprises (SMEs) and mobile professionals.

The expansion is part of the company’s plans to open 320 new outlets worldwide within this fiscal year (ending May 31, 2008). Of these,300 will be in the U.S, 19 in Asia, and one in Canada. The four new stores in Japan will be located in Tokyo and Osaka.

“Japan is the second-biggest market worldwide for FedEx Kinko’s, and the expansion plans announced today ensure we continue to grow in the country in line with demand,” said James Brigance, vice president, FedEx Kinko’s Asia Pacific.

“The SME is the heart of Japan’s future economic expansion, and mobile professionals are the arms and legs – and FedEx Kinko’s is precisely placed to support, and benefit from, that growth. We aim to become the back office for small businesses and the branch office for mobile professionals in Japan and around Asia.”

“We anticipate opening the equivalent of one new location every business day over the 2008 fiscal year,” said Ken May, president and chief executive officer of FedEx Kinko’s. “And with more centers around the world, we’re making it easier than ever for customers to get the office, printing and shipping services they need in one stop.”

About FedEx Kinko’s in Japan

There are 68stores in Japan - located in Tokyo, Osaka, Fukuoka, Hiroshima, Kobe, Kokura, Kyoto, Nagasaki, Nagoya, and Yokohama - providing access to FedEx services and business solutions, such as:

Ÿ FedEx Kinko’s Document Services – Customers can take advantage of high-quality digital printing and copying services at any digitally connected location;

Ÿ FedEx Kinko’s DocStore – Customers can update frequently printed documents on the own computers, and transmit them to a FedEx Kinko’s location for printing and distribution in the quantities they need, when they need it;

Ÿ FedEx Kinko’s Business Stationary System – Customers can manager, order and distribute business cards and stationary using online tools; and,

Ÿ FedEx Kinko’s Mobile Professional Program – A special service giving traveling professionals access to FedEx Kinko’s digitally connected outlets 24 hours a day, seven days a week.

About FedEx Kinko’s Office and Print Services

FedEx Kinko’s Office and Print Services is the world’s leading provider of document solutions and business services. The Dallas-based company has a global network of more than 1,700 digitally-connected locations in 11 countries. FedEx Kinko’s offers access to copying and digital printing, professional finishing, document creation, Internet access, computer rentals, videoconferencing, signs and graphics, notary, direct mail, office products, Web-based printing, and the full range of FedEx day-definite ground shipping and time-definite global express shipping services. For more information, please visit Products, services and hours vary by location.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $35 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 280,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit