Adams Express Declares Dividend and Reports Six Month Outperformance
Adams Express Company

July 12, 2007 - The Board of Directors of The Adams Express Company (NYSE: ADX) today declared a dividend of $.05 per share, payable September 1, 2007, to stockholders of record on August 14, 2007.

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 8.3%. Comparable figures for the Standard & Poor's 500 Index and the Lipper Large Cap Core Mutual Fund Average were 7.0% and 6.9%, respectively. The total return on Adams Express' market value, after adjustment, was 8.1%.

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 20.3%. Comparable figures for the Standard & Poor's 500 Index and the Lipper Large Cap Core Mutual Fund Average were 20.6% and 19.6%, respectively. The total return on Adams Express' market value, after adjustment, was 23.3%.

Adams Express' net asset value at June 30, 2007, compared with the year earlier, is:

* After capital gain distribution of $0.01 per share paid in March 2007.

The net capital gain realized through June 30, 2007, was $0.42 per share.

The Company repurchased 989,124 shares of its Common Stock during the six month period.

Securities Transactions
During the three months ended June 30, 2007, the Company added four new names to its investment list with the additions of Broadcom Corp., Lowe's Companies, Inc., Senomyx, Inc., and Spirit Aerosystems Holdings, Inc. The Company increased its holdings in Ryland Group.

Three issues were eliminated from the investment list with the sales of Clear Channel Communications, Inc., Martin Marietta Materials, Inc., and OSI Restaurant Partners, Inc. MedImmune, Inc. was eliminated from the portfolio through tender offer. The Company reduced its holdings in Air Products and Chemicals, Aqua America, Avon Products, BJ's Wholesale Club, Bunge Ltd., Compass Bancshares, Curtiss-Wright, Investors Financial Services, and Morgan Stanley.

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 20, 2007.

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