
| Notice Regarding Forward-Looking Statement Certain statements contained in this presentation are “f orw ard-looking statements” within the meaning of the Private Securities Litigation Ref orm Act of 1995. Matters discussed in this presentation that relate to events or developments that are expected to occur in the f uture, including management’s expectations, strategic objectives, business prospects, anticipated economic perf ormance and financial condition and other similar matters constitute f orw ard-looking statements. Forw ard-looking statements are based on man agement ’s beliefs, assumptions and expectations of f uture economic perf ormance, takin g into account the inf ormation currently available to manag ement. These statements are not statements of historical f act and are typically identified by terms and phrases such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “continue,” “should,” “could,” “may,” “plan,” “project,” “predict,” “w ill” and similar expressions. Such f orw ard-looking statements are subject to risks and uncertainties, and investors are cautioned that outcomes and results may vary materially from those projected due to various f actors beyond DPL ’s control, including but not limited to: abnormal or severe w eather and catastrophic w eather-related damage; unusual maintenance or repair require ments; changes in f uel costs and purchased pow er, coal, environmental emissions, gas and other commodity prices; volatility and changes in markets f or electricity and other energy-related commodities; increased competition and deregulation in the electric utility industry; increased competition in the retail generatio n market; changes in int erest rates; state, f ederal and f oreign legislative and regulatory init iatives that affect cost and investment recovery, emission levels, rate structures or tax law s; changes in f ederal and/or state environmental law s and regulations to w hich DPL and its subsidiaries are subject; the development of Regional Trans mission Organizations, including PJM t o w hich DPL ’s operating subsidiary has given control of its transmission f unctions; changes in DPL’s purchasing processes, delays and supplier availability; significant delays associated with large construction projects; grow th in DPL’s service territory and changes in demand and demographic patterns; changes in accounting rules and the ef f ect of accounting pronouncements issued periodically by accounting standard-setting bodies; financial market conditions; the outcomes of litigation and regulatory investigations, proceedings or inquiries; general economic conditions; and the risks and other f actors discussed in DPL’s filings with the Securities and Exchange Commission. Forw ard-looking state ments speak only as of the date of the document in w hich they are made. We disclaim any obligation or undertakin g to provide any updates or revisions to any f orw ard-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances on w hich the f orw ard-looking statement is based. Investor Relations Contact John J. Gillen Senior Vice President and Chief Financial Officer (937) 259-7033 john.gillen@dplinc.com First Quarter 2008 Earnings Review 1 |