HONG KONG, May25, 2012-FedEx Express, an operating company of FedEx Corp. (NYSE: FDX) today announced its decision to establish a new FedEx North Pacific (NPAC) Regional Hub at Kansai International Airport (KIX) in Osaka, Japan.

The NPAC regional hub will serve as a consolidation point for shipments from northern Asia to the United States.The NPAC regional hubalso will continue to operate as an internationalgateway for our customers in western Japan.The 24-hour operation at the expanded facility will allow FedEx greater operational flexibility to meet its customers' needs.
The agreement with Kansai International Airport Co., Ltd. for this new 25,000 square-meterfacility includes customs clearance operations, ramp operations, sort and transshipment operations.It is expected the facility will be in operation in spring, 2014. The role of the FedEx Asia Pacific Hub in Guangzhou, China remains unchanged.
"Asia is said to be the powerhouse of the world economy, and its trade volume is expected to reach US$," said David L. Cunningham, Jr., president, Asia Pacific, FedEx Express. "With the establishment of the FedEx NPAC Regional Hub, we will be able to provide a superior level of service to our customers within and outside of the APAC region. I believe the new facility will play a major role in contributing to Asia's growing economy."

"We find that the location of KIX is convenient for both the major Asian markets and cities in the United States, and it has also had outstanding 24-hour operations since its opening in 1994," said Masamichi Ujiie, regional vice president, North Pacific, FedEx Express. "We are looking forward to working together with KIAC as their partner. FedEx will further enhance its operations and services to our customers to continue the strong momentum of the Asia Pacific region's economy."

"I am very pleased to be able to open this hub alongside the world's largest express transportation company, FedEx," said Shinichi Fukushima, president of Kansai International Airport Co., Ltd. "I know that the NPAC Regional Hub will have a major impact on global shipping, and we are prepared to fully support FedEx via our 24-hour operations and by offering plenty of space for further development. We look forward to growing into a facility that can truly meet the needs of customers from around the world and contribute to their businesses."

About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to every U.S. address and to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

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 $42 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 300,000 team members 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.

About KansaiInternational Airport

Kansai International Airportis a1,055 ha airport located 5 km offshoredesigned to preserve the natural environment. It is Japan's first international airport to be operational round-the-clock with multiple 4,000-meter class runways(Runway A: 3,500m / Runway B: 4,000m), and with its solid domestic and international network, ability to transfer with ease and access to a variety of transportation options such as trains, busses and high-speed ferries, Kansai International is also extremely user-friendly.