Adams Express Extends Share Repurchase Program
Adams Express Company

Baltimore, MD, December 13, 2007 -- The Board of Directors of Adams Express Company (NYSE:ADX) voted today to extend its share repurchase program and has authorized the repurchase of up to 5% of the outstanding shares of the Company's common stock over the next twelve months. Purchases will be made in the open market when the shares are trading at a discount of at least 10.0%. The Company's discount as of last night's market close was 14.3%. As of December 12, 2007, the Company has 85,368,730 outstanding shares, which means that the Company is authorized by the Board to repurchase up to 4,268,436 shares over the ensuing year.

The repurchase program was initiated in November of 1999 and has been reauthorized by the Board each year since.

Adams Express is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange.


View more information on Adams Express Company or other Closed-End Funds