October 18, 2002

FPL Group declares regular quarterly dividend of 58 cents a share

JUNO BEACH, Fla. - The board of directors of FPL Group, Inc. (NYSE: FPL) today declared a regular quarterly dividend of 58 cents a share, payable Dec. 16 to stockholders of record Nov. 29. The declaration is the 228th consecutive quarterly dividend paid to common stockholders over the past 56 years.

FPL Group, with annual revenues of more than $8 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 20 states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves approximately 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.com, www.fpl.com and www.fplenergy.com.

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