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UPS Board Sets Dividend


WEBWIRE –

WILMINGTON, Del., May 4, 2006 - The Board of Directors of UPS (NYSE: UPS) today declared a regular quarterly dividend of 38-cents per share on all outstanding Class A and Class B shares.

The dividend is payable May 31, 2006, to shareholders of record on May 15, 2005.

Today’s declaration follows a Board decision in February to increase the quarterly dividend from 33-cents per share to the current 38-cents per share. This represented the fourth increase in the past three years, a rise of 81% compared to the quarterly dividend of 21-cents per share in February 2003. UPS has either increased or maintained its dividend every year since 1969.

UPS is the world’s largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS’s stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com.

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Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company’s strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, strikes, work stoppages and slowdowns, increases in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company’s Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.

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