Adams Express Provides May 31, 2008 Update

Jun 19, 2008, 01:00 ET from The Adams Express Company

    BALTIMORE, June 19 /PRNewswire-FirstCall/ -- The Adams Express Company
 (NYSE:   ADX) provides an update on summary financial information, returns on
 net asset value, Top 10 portfolio holdings, and sector weightings as of May
 31, 2008:
SUMMARY FINANCIAL INFORMATION Year-to-date, the Company's unrealized appreciation on assets is $315,454,544, net investment income is $9,373,151, total realized gain is $28,225,770, and total return, after adjusting for income dividends as well as capital gains distributions paid, was -3.8% on net asset value and -8.0% on market value. Comparable figures for the Standard & Poor's 500 Index and the Lipper Large Cap Core Mutual Fund Average were -3.8% and -4.0%, respectively. The Company had 86,787,598 shares outstanding
TOP TEN HOLDINGS Market Value % of Net Assets Petroleum & Resources Corporation * $93,112,837 7.2 General Electric Co. 42,639,360 3.3 Schlumberger Ltd. 38,429,400 2.9 Microsoft Corp. 33,417,600 2.6 ConocoPhillips 27,464,500 2.1 Oracle Corp. 25,124,000 1.9 Bank of America Corp. 24,827,300 1.9 Pepsi Co. 24,588,000 1.9 Air Products and Chemicals, Inc. 23,441,600 1.8 Cisco Systems 22,712,000 1.7 Total $355,756,597 27.3% *Non-controlled affiliate SECTOR WEIGHTINGS The portfolio weightings for the major sectors that the Fund invests in were: Consumer 17.5% Energy 15.8% Industrials 13.9% Information Technology 11.4% Health Care 11.0% Financial 10.9% Short-Term Investments 5.7% Materials 5.2% Utilities 4.3% Telecom 1.5% For further information please contact: Joseph M. Truta, President Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary 410-752-5900 or 800-638-2479 E-mail: Website: For your convenience, all press releases are posted to our website. If you would like to receive future press releases by fax or e-mail, please let us know.

SOURCE The Adams Express Company