Progress Energy (PGN)

BOARD, BOARD COMMITTEE AND ANNUAL MEETING ATTENDANCE

     The Board of Directors is currently comprised of thirteen (13) members. The Board of Directors met nine times in 2008. Average attendance of the directors at the meetings of the Board and its committees held during 2008 was 95 percent, and no director attended less than 75 percent of all Board and his/her respective committee meetings held in 2008 except for Mr. Burner, who attended 73 percent of said meetings.

     Our Company expects all directors to attend its annual meetings of shareholders. Such attendance is monitored by the Governance Committee. All directors who were serving as directors as of May 14, 2008, the date of the 2008 Annual Meeting of Shareholders, attended that meeting. Mr. Burner will retire from the Board at the Annual Meeting of Shareholders on May 13, 2009. No decision has been made regarding which nominees will replace him on the various Board committees on which he currently serves; however, we expect to file a Form 8-K regarding the election of any new directors as appropriate.

BOARD, BOARD COMMITTEE AND ANNUAL MEETING ATTENDANCE

The Board of Directors is currently comprised of  fourteen (14) members. The Board of Directors met nine times in 2006. Average attendance of the Directors at the meetings of the Board and its Committees held during 2006 was 94 percent, and no Director attended less than 77 percent of all Board and his/her respective Committee meetings held in 2006.

Our company expects all Directors to attend its annual meetings of shareholders. Such attendance is monitored by the Governance Committee. All Directors attended the 2006 Annual Meeting of

13

Shareholders with the exception of Messrs. Coker and McCoy, who retired from the Board of Directors effective May 10, 2006, and Mr. Rummell, who resigned from the Board effective May 1, 2006.