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FedEx Corp. Board Declares Quarterly Dividend

PRESS RELEASE


February 2008

The Board of Directors of FedEx Corporation (NYSE: FDX) declared a quarterly cash dividend of $0.10 per share on FedEx Corporation common stock. The dividend is payable April 1, 2008 to stockholders of record at the close of business on March 11, 2008.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $36 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 290,000 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 news.fedex.com.
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