FAQ

FAQs (Frequently Asked Questions)

FAQ7 August 22, 2003

Q. When will checks be distributed to Airborne shareholders?

A. ComputerShare, the company that administers the ESPP program, expects that checks will be distributed to shareholders within the next 2-3 weeks. The checks will be mailed to the address of record on your account at ComputerShare.

Q. What happens with the ABX Air stock?

A. Within the next 1-2 weeks, your account will be credited with one share of ABX stock for each share of Airborne stock. Once ABX stock is in the account, participants may sell their shares, transfer the shares to another broker or request a stock certificate. Normal fees will apply for any transaction.

Q. Can I keep my ABX stock in my ComputerShare account?

A. ComputerShare does not service the over-the-counter bulletin board market and they will eventually be closing all accounts. It is expected that all accounts will be closed in October or November. Participants who have not taken any action with their shares before the accounts are closed will be notified by ComputerShare with their options. These options include:

1. Cash out the ABX stock

2. Transfer ABX stock to a broker that handles over-the-counter bulletin board shares.

3. Request an ABX stock certificate

Normal fees will apply. Further details will be provided in the letter from ComputerShare before the accounts are closed.

Q. Will we be able to purchase ABX stock through payroll deduction?

A. At this time, payroll deduction for ABX stock is not available. Most vendors that service payroll deduction plans limit their services to stocks listed on one of the exchanges. Since ABX is over-the-counter, payroll deduction plans are generally not available. ABX will research options with other potential vendors for feasibility of offering a payroll deduction plan in the future.

In the meantime, if you wish to purchase ABX stock you may do so through any licensed broker. The trading symbol is ABXA. ABX Air makes no recommendations on purchasing or selling its stock.

Questions about your account can be directed to ComputerShare at (800) 325-1737.

FAQ6 August 1, 2003

Q. What happens to my Airborne stock in the Profit Sharing plan if the sale of Airborne and separation of ABX Air is approved?

A. For each whole share of Airborne stock in your Profit Sharing account, your account will be credited with $21.25 plus one share of ABX Air stock. Fractional shares will be credited with cash into your account.

Q. When the Airborne stock is sold in my Profit Sharing account, will I owe any taxes?

A. No, because the Profit Sharing plan is a qualified retirement plan, no taxes are due. Taxes become due when the Profit Sharing account is paid out at retirement or when leaving ABX employment unless the account is rolled over into a qualified retirement plan or IRA.

Q. I own Airborne stock purchased through the Employee Stock Purchase Plan. Will I owe taxes as a result of the sale of Airborne?

A. If you purchased Airborne stock at less than the sale price of $21.25, then you will owe taxes on the profit you made. You should consult a tax advisor or the IRS on how to calculate your taxes. You may be eligible for the lower capital gains tax rate if you held the stock for more than one year.

FAQ5 April 30, 2003

Q. Will I be able cash out or rollover my Profit Sharing account or my pension as a result of the DHL/Airborne transaction?

A. Your Profit Sharing account will continue to remain invested as will your pension funds. There is no change in your employment as a result of the transaction. You will still work for ABX Air after the transaction is completed. Employees will not be paid out their retirement funds as a result of this transaction.

FAQ4 April 16, 2003

Q. Will employees be able to take profit sharing money with them if they terminate employment with DHL Worldwide Express after the transaction closes but prior to retirement?

A. This transaction will not change the way vested profit sharing balances are handled. If an employee has a vested balance in the profit sharing plan and terminates employment after the transaction becomes final, the employee would have the same options with respect to the vested balance as if he/she terminated employment before the transaction was closed. These options include taking a cash distribution from the plan, rolling the vested balance into another plan, or leaving the balance in the plan for distribution later.

FAQ3 April 4, 2003

Q. I own stock in Airborne, Inc. What will happen to my stock?

A. For each share of Airborne, Inc., we anticipate you will receive $21.25, as well as one share of the new independent ABX.

Q. How will this transaction affect my Airborne pension?

A. Your pension is governed by ERISA and is guaranteed by the federal Pension Benefits Guarantee Corporation. ABX has no current plan to change any aspect of the pension plan, and I have no reason to question its continued viability.

FAQ2 April 2, 2003

Q. What happens to the Airborne stock in the profit sharing plan?

A. Airborne’s profit sharing plan will get the same transaction compensation as any other stockholder. When the transaction is completed, we anticipate that the profit sharing plan will receive $21.25 in cash for each share of Airborne stock that the plan holds on the closing date. This value will be allocated to the General Fund within each participant’s account. We also anticipate that the plan will receive an equal number of shares of ABX Air, Inc., stock, which will also be credited to participants’ accounts. Airborne shares represent only a minor portion (less than 15%) of the value of the entire profit sharing fund.

FAQ1 March 26, 2003

Q. What will happen to our compensation and benefits?

A. As a non-union employee of ABX Air, Inc., you will continue to receive the same compensation and benefits (e.g., healthcare, vacation, holidays, etc.) you currently enjoy. For our pilot group, the collective bargaining agreement continues to be effective; and the benefits and terms and conditions of employment it provides are unchanged.

Revised: January 14, 2005.