The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2008

Date: 
12/08/2008

BALTIMORE, MARYLAND - DECEMBER 8, 2008 - The price at which The Adams Express Company (NYSE:ADX) common stock will be issued in payment of the $0.13 income dividend  and $0.36 capital gain distribution to stockholders who have elected to receive the distributions in stock, payable December 27, 2008,  is $8.01 per share.  This price is the mean between today’s high and low sales prices of the Company’s stock on the New York Stock Exchange.

The Adams Express Company is a Baltimore-based closed-end investment company.

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For further information, please contact:

Joseph M. Truta, President
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
at (410) 752-5900 or (800) 638-2479

E-mail: contact@adamsexpress.com
Website: www.adamsexpress.com

The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2008

Stock and Distribution

Nav & Stock Price Per Share
Net Asset Value: $ 11.54
Closing Price:

$  9.68

Discount: -16.1%

This is the closing price from the NYSE on 07/28/2010.

annual Rate of Distribution
2009 5.2%
5-Year Average 6.3%

*The annual rate of distribution is the total dividends and capital gain distributions during the year divided by the average daily market price of the Company's Common Stock.