MAY 14TH, 2016

FedEx and TNT Express Announce that 88.4% of all TNT Express Shares Have Been Tendered

Memphis, Tennessee; Hoofddorp, the Netherlands – May 13, 2016 – FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) jointly announce that after the expiry today at 17:40 hours Amsterdam time of the Acceptance Period and after the expiry of the period for tendering book-entry ADSs at 17:00 hours New York Time of the Offeror’s recommended all-cash public offer for all the issued and outstanding ordinary shares of TNT Express (the Shares), 88.4% of the total number of shares have been tendered for acceptance.

In accordance with Section 16, paragraph 1 of the Decree and Section 5.5 of the Offer Document, the Offeror will announce whether it declares the Offer unconditional no later than Thursday, 19 May 2016.

Further information

This announcement contains selected, condensed information regarding the Offer and does not replace the Offer Document and/or the Position Statement. The information in this announcement is not complete and additional information is contained in the Offer Document and the Position Statement.

Digital copies of the Offer Document are available on the website of TNT Express at and on the website of FedEx at Such websites do not constitute a part of, and are not included or referred to in, the Offer Document. Copies of the Offer Document are also available free of charge from TNT Express, the Settlement Agent, ADS Tender Agent and the Information Agent at the addresses mentioned below.

TNT Express:
Address: Taurusavenue 111, 2132 LS Hoofddorp, P.O. box 13000, 1100 KG Amsterdam, The Netherlands
Telephone: +31 88 393 9500
Fax: +31 88 393 3000

The Settlement Agent:
Address: Foppingadreef 7, 1102 BD Amsterdam, The Netherlands
Telephone: + 31 20 563 6619 and +31 20 563 6546
Fax: + 31 20 563 6959

The ADS Tender Agent:
Address: c/o Voluntary Corporate Actions, P.O. Box 43011, Providence, RI 02940-3011, United States of America
Telephone: +1 800 308 7887

The Information Agent:
Address: Westplein 11, 3016 BM Rotterdam, The Netherlands
European Toll Free Helpline: 00800-3915-3915
American Toll Free Helpline: +1 800 561 2871