FedEx Spain Recognised As A “Great Place To Work”

Madrid , Spain - February 2, 2005 - FedEx Express, a subsidiary of FedEx Corporation (NYSE: FDX) was today ranked number 11 in a survey conducted by the Spanish Great Place To Work Institute. FedEx Express is the only transportation company within the top 25 best places to work in Spain .

The Great Place to Work ^® Institute Spain specialises in the study and improvement of work life. The objective of the survey, created over twenty years ago, and conducted throughout the United States and in fifteen European countries, is to understand what makes a positive and productive workplace. In Spain , 104 well-known private and public companies applied to take part this year.

“This is a great achievement for FedEx as we have finished among the best 25 companies in Spain for the second consecutive year” said Javier Gandara, FedEx Operations Manager for Spain and Portugal . “At FedEx, we consider people to be our most important asset. Our ‘People, Service, Profit philosophy’ is based on the belief that motivated and conscientious employees provide an excellent service to our customers which in turn delivers profit and growth for the company. We are honored by the pride and commitment of our employees to make FedEx a great company, and satisfied to learn that the majority of our staff have a good opinion of their company”.

About FedEx Express

FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world’s gross domestic product in one to three business days 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 approximately 3.2 million packages to 215 countries each working day. FedEx Express employs more than 137,000 employees and has approximately 50,000 drop-off locations, 663 aircraft and approximately 41,000 motorized vehicles in its integrated global network.

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 $27 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 250,000 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 fedex.com.