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Adams Express Provides
Year-to-Date Update at Annual Stockholders Meeting in Baltimore
Adams Express Company

Baltimore, March 27, 2007 -- The Adams Express Company (ADX) held its Annual Meeting of stockholders in Baltimore today and provided this update. The information was updated through March 23, 2007:

Performance and Realized Capital Gains
The year-to-date total return for the Company, after adjusting for income dividends as well as capital gains distributions paid, was 3.0% on net asset value and was 1.9% on market value. Net realized capital gains were $0.16 per share.

TOP TEN HOLDINGS

The ten largest portfolio holdings were:

    Company                          % of Net Assets
    Petroleum & Resources Corp.*          5.4
    General Electric                      3.8
    American International Group          2.4
    Microsoft                             2.4
    Bank of America                       2.2
    Pfizer                                2.1
    Wachovia                              1.9
    Schlumberger                          1.9
    PepsiCo                               1.8
    ConocoPhillips                        1.7
                                         25.6%

    *Non-controlled affiliate

SECTOR WEIGHTINGS

The portfolio weightings for the major sectors that the Fund invests in were:

    Financials                           18.8%
    Industrials                          13.1%
    Materials                             5.3%
    Technology                           11.0%
    Consumer Staples                     10.5%
    Consumer Discretionary                7.1%
    Health Care                          12.4%
    Telecom                               2.8%
    Utilities                             3.5%
    Energy                               12.0%
    Cash & Equivalent                     3.5%

Securities Transactions
Since December 31, 2006, four new names have been added to the Company's portfolio with the purchases of shares of Oshkosh Truck Corp. and PNC Financial, the receipt of shares of CVS/Caremark via merger, and the receipt of shares of Spectra Energy via spin-off from Duke Energy. The Company added to its existing holding in Ryland Group. Two holdings were eliminated with the sale of shares of Donnelley (R.R.) & Sons and the merger of Essex Corp. with Northrop Grumman, and the holdings in Bunge, Ltd., Clear Channel Communications, Comcast Corp., Harley Davidson, Martin Marietta Materials, Morgan Stanley, and Target Corp. were reduced.

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

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