It is the policy of The Empire District Electric Company ("Empire" or
"the Company") EDE not to confirm or deny market rumors.
However, in response to recent media reports concerning the Company and
last Friday's stock trading activity, Empire confirms that it is in the
early stages of exploring strategic alternatives, and has retained a
financial advisor with regard to the exploration of such strategic
alternatives. No decision regarding the strategic alternatives has been
made by the Board of Directors.
Due to the preliminary nature of this exploration, neither the Company
nor any of its representatives will be providing additional comment at
this time. No assurances can be given that Empire's Board of Directors
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