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FPL Group, Inc. announces new stock transfer agent

JUNO BEACH, Fla. -FPL Group, Inc. (NYSE: FPL) today announced that it has selected Computershare (ASX: CPU), based in Chicago, IL, to become its new stock transfer agent, registrar and dividend disbursement and reinvestment agent effective January 1, 2004.

“We are making this change to provide more enhanced services to our shareholders while reducing our overall administrative costs. We believe this change will have a positive impact on how our individual shareholders interact with FPL Group,” said Mary Lou Kromer, vice president, Corporate Communications of FPL Group, Inc.

"This is an exciting opportunity for Computershare to work with FPL Group. Through Computershare’s advanced technology and programs, we expect FPL Group’s shareholders will receive the utmost in service," said Steve Rothbloom, CEO and president of Computershare North America.

Detailed information will be mailed directly to FPL Group registered shareholders shortly. Shareholders are asked not to contact Computershare until after January 1, 2004. Shareholders may continue to contact the company's current stock transfer agent and registrar, EquiServe, through Wednesday, December 31, 2003, for any shareholder related questions.

Beginning January 2004, shareholders may contact Computershare in several ways: by phone at 1-888-218-4392, via the Internet at www.computershare.com or by mail addressed to Computershare Investor Services LLC, 2 North LaSalle Street, Chicago IL 60602.

About FPL Group

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.

About Computershare

Computershare (ASX: CPU) is a leading financial services and technology provider for the global securities industry, providing services and solutions to listed companies, investors, employees, exchanges and other financial institutions. It is the largest and only global transfer agent, managing more than 60 million shareholder accounts for over 7,000 corporations in ten countries on five continents. It also provides sophisticated trading technology to financial markets in fourteen countries across each major time zone. Additional information may be found at www.computershare.com.