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May 6, 1999

FedEx to Open New Office in Makuhari

TOKYO, May 6, 1999 - Federal Express Corp. (FedEx), the world's largest express transportation company, announced today that the company will open a new office in the World Business Garden, Makuhari, as of June 1, 1999. A portion of the employees currently working at its Japan headquarters will relocate to the new office. The need for the new office at Makuhari is a result of the continued growth of FedEx business and the increase in the total number of employees.

The new office is located at World Business Garden, Marive West 8/9/10F, 2-6 Nakase, Mihama-ku, Chiba-shi, Chiba 261-7110.

The company's Japan and Regional Headquarters will remain at its current address:
Kyodo building 5/6F,
16 Ichibancho, Chiyoda-ku, Tokyo 102-0082.

"I'm pleased that we will have a new office in the World Business Garden, Makuhari," said David J. Ross, Vice President of North Pacific Region. "World Business Garden is a modern intelligent building that provides us with upgraded business and office environment. This relocation will enable all employees at both Tokyo and Makuhari to do their jobs in a more comfortable and functional working environment."

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