FedEx Kinko’s Expands Presence in Shanghai

SHANGHAI, Oct. 24, 2007 - FedEx Kinko’s Office and Print Services, Inc. (“FedEx Kinko’s”), an operating company of FedEx Corp. (NYSE: FDX), today announced the official opening of its seventh and eighth stores in Shanghai.

The two new stores are located in Zhuyuan Commercial and Trade Zone in the Pudong New Area and Xu Jiahui Commercial Center in Puxi.

The move, part of FedEx Kinko’s plan to open 12 new locations in China by June 2008, will help meet the growing demands of small and medium enterprises (SMEs) and mobile professionals.

As the only industry brand that offers 24/7 SME business solutions, FedEx Kinko’s Office and Print Services complement the full range of FedEx time-definite global express shipping services. With the addition of these two stores, the FedEx Kinko’s network will cover most primary business areas in Shanghai and provide a one-stop shop for document solutions and business services.

“These new locations are an integral part of our overall strategy to provide SMEs and mobile professionals with even greater access to our office and print services, as well as the FedEx transportation network,” said James Brigance, vice president, FedEx Kinko’s Asia Pacific. “The SME sector is a growth engine of the Chinese economy, and more mobile professionals can be found nationwide. FedEx Kinko’s is precisely positioned to support that growth. We aim to continue to be the back office for small businesses and the branch office for mobile professionals.”

According to the 2005 SME Development Report, jointly conducted by China Statistics Bureau and the State Development and Reform Committee, SMEs account for more than 99% of China’s total enterprises, contribute to 55% of the country’s GDP, and employ 75% of the workforce in cities and towns.

Currently, FedEx Kinko’s has seventeen locations in China, including six locations in Beijing, eight in Shanghai, one in Guangzhou and two in Shenzhen. Moreover, FedEx Kinko’s plans to open nine more locations in China by June 2008, bringing the total number of stores to twenty-six.

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 1,800 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 $36 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