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Fedex
Code of Business Conduct and Ethics

Commitment to Workplace Excellence

Table of Contents

Letter from the Chairman Workplace Excellence and the FedEx Code of Business Conduct and Ethics Lawful and Ethical Behavior Equal Opportunity; Harassment Open Door Policy Health, Safety and Environment Conflicts of Interest Corporate Opportunities Gifts, Entertainment, Loans or Other Favors Improper Payments and Bribes Protection and Use of Company Assets and Information Trading on Inside Information Political Activities and Contributions U.S. Antitrust and Other Competition Laws Use of Computer and Electronic Resources Internal Reporting and Controls; Records Retention Corporate Reporting and Public Disclosures of Corporate Information Reports Regarding Accounting and Auditing Matters Reporting Abuses; FedEx Alert Line Waivers Enforcement Concluding Advice

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Code of Business Conduct and Ethics

1

Letter from the Chairman

Throughout the world, the FedEx name is synonymous with integrity and reliability. Our reputation is an important strategic asset — it is up to all of us to protect and enhance it. In today’s environment, our strong corporate reputation is invaluable. We have a long-standing commitment to complying with the law wherever we operate and striving to maintain a high standard of business and personal ethics. Every FedEx director, officer and employee is expected to comply with the policies set forth in this Code of Business Conduct and Ethics. FedEx contractors and global service participants performing services on behalf of FedEx or operating under the FedEx brand name are also expected to comply with those portions of the Code that apply to them. It is important to read this Code and to develop a working knowledge of the laws and regulations that directly affect your job. This Code cannot cover every situation where choices and decisions must be made. Other FedEx policies, manuals

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