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FPL Group board declares quarterly dividend - July 2008

JUNO BEACH, Fla. -- The board of directors of FPL Group, Inc. (NYSE: FPL) today declared a regular quarterly common stock dividend of 44.5 cents per share.  The dividend is payable September 15, 2008, to shareholders of record August 29, 2008.  Today's board action marks the 251st consecutive quarterly dividend paid to common shareholders.

FPL Group, with annual revenues of over $15 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 27 states, it is widely recognized as one of the country's premier power companies.  Its rate-regulated subsidiary, Florida Power & Light Company, serves approximately 4.5 million customer accounts in Florida.  FPL Energy, LLC, an FPL Group competitive energy subsidiary, is a leader in producing electricity from clean and renewable fuels.  Additional information is available on the Internet atwww.FPLGroup.comwww.FPL.com and www.FPLEnergy.com.

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