Ministry of Commerce People’s Republic of China Unconditionally Approves FedEx Intended Acquisition of TNT Express

Final Required Regulatory Approval Launches Last Stages of Transaction Process Acceptance Period Ends May 13, 2016

Memphis, Tennessee; Hoofddorp, the Netherlands – April 29, 2016 – FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) jointly announce that on April 29, 2016, they obtained the unconditional approval of the Ministry of Commerce People’s Republic of China (MOFCOM) in connection with the Offer.

With the approval of MOFCOM, the Offer Condition with respect to Competition Clearances has now been fulfilled. Shareholders are reminded that in accordance with the dispensation (ontheffing) granted by the AFM and the joint press release dated 8 January 2016, the Acceptance Period shall end at 17:40 hours CEST (11:40 hours New York time) on 13 May 2016  (the Acceptance Closing Time).

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