2014

The Adams Express Company Declares Dividend and Reports Performance for the First Half of 2008

    BALTIMORE, July 10 /PRNewswire-FirstCall/ -- The Board of Directors of
 The Adams Express Company (NYSE:   ADX) today declared a dividend of $.05 per
 share, payable September 1, 2008, to stockholders of record on August 12,
 2008, and announced the Fund's performance for the first half of 2008.
 
     Performance
 
     For the six months ended June 30th, the total return on Adams Express'
 net asset value, after adjusting for income dividends and capital gain
 distributions paid, was -11.9%. Comparable figures for the Standard &
 Poor's 500 Index and the Lipper Large Cap Core Mutual Fund Average were
 -11.6% and -11.5%, respectively. The total return on Adams Express' market
 value, after adjustment, was -15.4%.
 
     For the twelve months ended June 30th, the total return on Adams
 Express' net asset value, after adjusting for income dividends as well as
 capital gain distributions paid, was -13.4%. Comparable figures for the
 Standard & Poor's 500 Index and the Lipper Large Cap Core Mutual Fund
 Average were -13.1% and -12.3%, respectively. The total return on Adams
 Express' market value, after adjustment, was -14.4%.
 
 
Adams Express' net asset value at June 30, 2008, compared with the year earlier, is: Net Asset Value 6/30/2008 6/30/2007 Net assets $1,190,420,881 $1,465,249,907 Shares outstanding 86,647,623 85,893,132 Net assets per share $13.74* $17.06 *After capital gain distribution of $0.02 per share paid in March 2008. The net capital gain realized through June 30, 2008, was $0.22 per share. The Company repurchased 1,063,308 shares of its Common Stock during the six month period. Securities Transactions During the three months ended June 30, 2008, the Company added three new names to its investment list with the additions of Chevron Corp., Halliburton Co., and Hansen Natural Corp. The Company increased its holdings in Oshkosh, Prudential Financial, Spirit AeroSystems, Tata Motors, and Unilever. Seven issues were eliminated from the investment list with the sales of Aqua America, BJ's Wholesale Club, ENSCO International, Fifth Third Bancorp., Gannett, Marathon Oil, and United Parcel Service. The Company reduced its holdings in Emerson Electric and Rohm & Haas. The Adams Express Company is a Baltimore-based closed-end investment company traded on the New York Stock Exchange under the symbol ADX. The Semi-Annual Report is expected to be released on or about July 18, 2008.
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: contact@adamsexpress.com Website: www.adamsexpress.com

SOURCE The Adams Express Company

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