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Brian S. Hook Elected Vice President Of Adams Express And Petroleum & Resources

In the news release, Brian S. Hook Elected Vice President Of Adams Express And Petroleum & Resources, issued 20-Mar-2013 by Adams Express Company over PR Newswire, the second paragraph, first sentence, should read, "Prior to joining the Companies in 2008..." rather than "Prior to joining the CompanFies in 2008" and the second paragraph, second sentence, should read, "...with Coopers & Lybrand L.L.P...." rather than "...with Coopers & fLybrand L.L.P...." as incorrectly transmitted by PR Newswire. The complete, corrected release follows:

Brian S. Hook Elected Vice President Of Adams Express And Petroleum & Resources

BALTIMORE, March 20, 2013 /PRNewswire/ -- The Boards of Directors of The Adams Express Company (NYSE:ADX) and Petroleum & Resources Corporation (NYSE: PEO) elected Brian S. Hook as Vice President, effective March 19, 2013.  Mr. Hook also serves as the Chief Financial Officer and Treasurer of the Companies.

Prior to joining the Companies in 2008, Mr. Hook was a Vice President at T. Rowe Price Associates and a Senior Manager in its Investment Treasury Group.  Prior to that, he was a Business Assurance Manager with Coopers & Lybrand L.L.P. (a predecessor firm of PricewaterhouseCoopers LLP) serving investment management and private equity clients.

"We are very excited to recognize Brian's many contributions to the Companies and his important role as a member of the Companies' senior executive team by this promotion," said Kathleen T. McGahran, Chairperson of the Companies' Boards of Directors.

Mr. Hook earned a B.S. in Accounting and a B.S. in Finance (both Cum Laude) along with a minor in Management Information Systems from the University of Delaware and a M.S. in Finance from The Johns Hopkins University.  He is a Chartered Financial Analyst, a Certified Public Accountant, and a member of the Baltimore CFA Society.

The Adams Express Company and Petroleum & Resources Corporation are Baltimore-based closed-end funds that have been operating as investment companies since 1929.  They are traded on the New York Stock Exchange and their symbols are ADX and PEO, respectively.

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