Board of Directors Elects Maureen A. Jones CFO

Date: 
04/11/2002

Baltimore, MD, April 11, 2002-The Board of Directors of the Company has elected Maureen A. Jones as Vice President and Chief Financial Officer effective March 26, 2002. Ms. Jones, who has been with the Company since 1988, has held the position of Vice President and Treasurer since 1998, and Treasurer since 1993. Prior to joining the Company, Ms. Jones was a Senior Auditor with Coopers & Lybrand LLP. She is a member of the American Institute of Certified Public Accountants and serves on the Board of Directors for the Maryland Chapter of the Arthritis Foundation.

The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and Pacific Exchange, and its symbol is ADX.

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For further information, please contact

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

E. Mail: contact@adamsexpress.com Website: www.adamsexpress.com

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Board of Directors Elects Maureen A. Jones CFO

Stock and Distribution

Nav & Stock Price Per Share
Net Asset Value: $ 12.51
Closing Price:

$ 10.68

Discount: -14.6%

This is the closing price from the NYSE on 02/03/2012.

annual DISTRIBUTION Rate
2011 6.1%
5-Year Average 5.8%

The annual distribution rate is the total dividends and capital gain distributions during the year divided by the average month-end market price of the Company's Common Stock for the calendar year in years prior to 2011 and for the 12 months ended October 31 in 2011.  As of September 8, 2011, the Board of Directors committed to an annual distribution rate of at least 6%.