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July 23, 1999

FedEx to Launch New TV Commercial

TOKYO, July 23, 1999 - Federal Express Corporation (FedEx) announced today the launch of its new Japanese TV commercial on July 24, 1999. The new commercial has been designed to communicate 'speed and reliability' - the core strengths of FedEx service - to its current customers and prospects.

In the new commercial FedEx's unmatched capability in managing the overall flow of a shipment from origin through to destination has been highlighted, thus underscoring the value-added reliability of the company's delivery service.

"Our reliability is the message we would most like to communicate through this TV commercial," said David J. Ross, Vice President of North Pacific Region. "I believe that our customers will not only enjoy watching it but also feel confident about the high level of our service."

Compared to conventional domestic transportation services, international door-to-door express transportation service is relatively new to the Japan market. Therefore, FedEx also intends to communicate benefits of express transportation by illustrating its own well-managed handling procedure.

Named 'Tracking Version,' the TV commercial features a businessman, who physically travels along with his shipment. He comes to realize how carefully and professionally his shipment is being handled as it passes through FedEx ground and air operations. As a result, he is completely reassured that FedEx can be relied upon to deliver his shipments.

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