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From a letter from CMS President and CEO David W. Joos to Shareholders dated February 28, 2007:

Dear Shareholder,

I am pleased to report that CMS Energy has reached a major milestone in its financial recovery with restoration of a common stock dividend. On January 26, 2007, the Board of Directors approved a dividend and set the first quarter dividend, payable today (February 28), at $.05 per share to shareholders of record on February 7, 2007.

Restoring a meaningful common stock dividend has been one of our top priorities and we are pleased that the Company is now in a position to achieve that goal. Reinstatement of the dividend demonstrates the effectiveness of our recovery plan and the confidence of the Board and senior management in our business strategy. As we continue to execute our business strategy, we expect to move the dividend yield closer to the utility sector average over time.

Good news for CMS shareholders who have waited a long time!

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