Investor Presentaiton

Footnotes for non-GAAP reconciliation slides 1. Does not sum to total due to rounding. 2. Income taxes are based on the company's approximate statutory tax rates applicable to each transaction. Effect of "total other (expense) income" on net income amount not shown. 3. 4. These expenses were recognized at Corporate, other, and eliminations, as well as FedEx Express and FedEx Ground. 5. These expenses were recognized at FedEx Corporate and FedEx Express. 6. The MTM retirement plans accounting adjustments, which are impracticable to calculate at this time, are excluded.

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