Asia Pacific (English)

FEDEX NAMED AMONG TOP TEN BEST EMPLOYERS IN SINGAPORE

SINAGPORE, April 23, 2005. – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has been honored as one of Singapore’s Best Employers in Best Employers in Singapore 2005 study.

Organized by Hewitt Associates, in conjunction with Straits Times Recruit, the top employers were determined based on perspectives of the CEOs, an inventory of People Practices and an Employee Opinion survey in addition to an audit of selected participating companies which examined people management practices in many of the local corporations like FedEx.

Mr. Ramesh Kumar Singam, Managing Director of FedEx Singapore and Indonesia and Abdul-Rahman Abusalih, one of FedEx’s couriers, accepted the honor in a special award ceremony in Singapore yesterday evening.

“We are proud to be named as one of Singapore’s best employers” said Mr Kumar. “These awards are the direct results of the contributions of our employees and our success in “living” our People-First founding philosophy that has made FedEx a leading employer across the globe. We will continue to look at ways to ensure the right environment for our employees to deliver the best services to our customers and grow with FedEx.”

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 more than 220 countries and territories each working day. FedEx Express employs more than 138,000 employees and has over 50,000 drop-off locations, 671 aircraft and more than 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 $29 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.

About Hewitt

Hewitt Associates (NYSE: HEW) is the world’s foremost provider of human resources outsourcing and consulting services. The firm consults with more than 2,300 companies and administers human resources, health care, payroll and retirement programs on behalf of more than 300 companies to millions of employees and retirees worldwide. Located in 35 countries, Hewitt employs approximately 19,000 associates.

Founded in 1940, Hewitt maintains its headquarters in Lincolnshire, Illinois. The firm is led by Chief Executive Officer Dale Gifford, who has been with Hewitt since 1972.