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FPL Group board increases dividend - February 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 March 17, 2008, to shareholders of record February 29, 2008. This represents an increase of 8.5 percent from the 41 cents per share in the previous quarter. Today's board action raises the annual dividend to $1.78 and marks the 249th 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 principal subsidiary, Florida Power & Light Company, serves 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 at www.FPLGroup.comwww.FPL.com  andwww.FPLEnergy.com.

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