Dividend Reinvestment Plan

The Dividend Reinvestment Plan of PPL Corporation ("PPL") provides participants in the Plan with a convenient way of investing cash dividends and optional cash payments in additional shares of PPL Common Stock. All holders of record shares of PPL Common Stock and/or Preferred Stock of PPL Electric Utilities Corp. are eligible to participate in the Plan.

Participants may:

• Invest cash dividends on their Common Stock of PPL and their Preferred Stock of PPL Electric Utilities Corp.
• Invest cash payments on a monthly basis of up to $80,000 in a calendar year. Payments must be received by the 25th day of a month to be credited to a participant's account as of the first business day of the following month. There is no minimum payment required.
• Invest dividends and/or optional payments in the Plan without paying a service charge or brokerage fee. Statements are issued in the month following account activity.
• Deposit shares of Common Stock of PPL registered in their names to their Plan accounts for safekeeping.
• Sell shares held in their Plan account. An order to sell such shares will be entered within seven business days after the receipt of the request. Participants will receive the sale proceeds less a selling charge of 10 cents a share.
• A prospectus describing the Plan details is available through our Information Request Form. If you wish to participate in the Plan after reviewing the prospectus, please request an authorization form by calling (800) 345-3085 or by e-mail to invserv@pplweb.com.