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FPL Group board increases dividend - February 2004

JUNO BEACH, Fla. -- The board of directors of FPL Group, Inc. (NYSE: FPL) today increased the quarterly common stock dividend from 60 cents to 62 cents a share. The dividend is payable March 15 to stockholders of record Feb. 27. Today's board action raises the annual dividend to $2.48 and marks the 233rd consecutive quarterly dividend paid to common stockholders over the past 58 years.

FPL Group, with annual revenues of more than $9 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 26 states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves more than 4 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 www.FPLGroup.comwww.FPL.com andwww.FPLEnergy.com.

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