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FPL Group Board Increases Dividend

PRNewswire-FirstCall
JUNO BEACH, Fla.
Feb 11, 2002

The board of directors of FPL Group, Inc. today increased the quarterly common stock dividend from 56 cents to 58 cents a share. The dividend is payable March 15 to stockholders of record Feb. 22.

(Photo: http://www.newscom.com/cgi-bin/prnh/20010621/FPLLOGO )

Today's board action raises the annual dividend to $2.32 and marks the 225th consecutive quarterly dividend paid to common stockholders over the past 56 years.

FPL Group, with annual revenues of more than $8 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services. With a growing presence in more than a dozen states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves approximately 3.9 million customer accounts in Florida. FPL Energy, LLC, an FPL Group energy-generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at http://www.fplgroup.com/, http://www.fpl.com/ and http://www.fplenergy.com/.

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SOURCE: FPL Group, Inc.

Contact: Florida Power & Light Company Corporate Communications Media
Line, +1-305-552-3888



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