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Update on the Intended Offer by FedEx for TNT Express

June 26, 2015

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FedEx announced that it has submitted the required filing to the European Commission to obtain regulatory clearance in connection with the intended recommended public cash offer for all issued and outstanding ordinary shares in the capital of TNT Express.

FedEx expects to submit a request for review and approval of its Offer Document with the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, AFM)  before 30 June  2015, as required under Dutch law. Based on the required steps and subject to the necessary approvals, closing of the Offer is anticipated in the first half of calendar year 2016.