GPU, Inc. Provides Information On Common Stock Dividend.

Business Editors

MORRISTOWN, N.J.--(BUSINESS WIRE)--Oct. 31, 2001

GPU, Inc. (NYSE: GPU) announced today definitive information about the contingent common stock dividend previously declared by the Board of Directors.

GPU and FirstEnergy Corp. (NYSE: FE) announced previously that their merger is expected to become effective on November 7, 2001.

On October 4, 2001, GPU's Board of Directors declared a quarterly dividend of $0.545 per share on its common stock, pro rated at a rate of $0.006056 per day for the period August 29, 2001 to the effective date of the merger. Consequently, with an effective merger date of November 7, 2001, GPU will pay a dividend to its shareholders of record at the close of business November 6, 2001, payable on November 28, 2001, of $ 0.42392 per share. In addition, FirstEnergy has announced that it will pay a dividend to shareholders of record November 7, 2001, which will include GPU shareholders receiving FirstEnergy common stock in the merger, payable by December 7, 2001, of $.095811 per FirstEnergy share.

GPU, Inc., headquartered in Morristown, NJ, is a registered public utility holding company providing utility and utility-related services to customers throughout the world. GPU serves 4.6 million customers directly through its electric companies -- GPU Energy in the US, GPU Power UK in England, and Emdersa in Argentina. It serves an additional 1.4 million customers indirectly through GPU GasNet, its gas transmission subsidiary in Australia. The company's independent power project business units own interests in and operate seven projects in five countries. GPU's 2000 revenues were $5.2 billion and its total assets were more than $19 billion. GPU's other subsidiaries include MYR Group Inc., GPU Advanced Resources, Inc., GPU Nuclear, Inc., GPU Service, Inc. GPU Telcom Services, Inc. and GPU Diversified Holdings LLC. (http://www.gpu.com)