• As of July 31, 2008, affiliates of Gabelli & Company had less than 1% of ownership in Exelon Corp. and FPL Group.
• The analyst appearing in the webcast certifies that the views expressed in this webcast accurately reflect his personal views about the subject company.
• The analyst has not been, and will not be receiving direct or indirect compensation for expressing the specific recommendation or view in this webcast.
• Gabelli & Company and its affiliates may be seeking business from Exelon Corp. and FPL Group.
• Neither the analyst nor members of his household own shares of any of the companies presenting here today.

GAMCO Investors, Inc ("GAMCO") prepared this webcast as a matter of general information. We do not intend for this report to be a complete description of any security or company and it is not an offer or solicitation to buy or sell any security. All facts and statistics are from sources we believe to be reliable, but we do not guarantee their accuracy. We do not undertake to advise you of changes in our opinion or information. Unless otherwise noted, all stock prices reflect the closing price on the business day immediately prior to the date of this report. We do not use "price targets" predicting future stock performance. We do refer to "private market value" or PMV, which is the price that we believe an informed buyer would pay to acquire 100% of a company. There is no assurance that there are any willing buyers of a company at this price and we do not intend to suggest that any acquisition is likely. Additional information is available on request.