US FedEx Corp. Board declares quarterly dividend

The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of USD 0.09 per share on FedEx Corporation common stock. The dividend is payable October 2, 2006 to stockholders of record at the close of business on September 11, 2006.

FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD 32 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brands. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 260,000 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 www.fedex.com.