CMS Energy 1998 Annual Report : Financial Report

Shareholder Information

1999 ANNUAL MEETING:

CMS Energy's 1999 annual meeting is scheduled for 10:30 a.m. on May 28 at the Dearborn Inn, Dearborn, Michigan. Proxy material will be mailed in April.

REGISTERED SHAREHOLDERS:

As of February 19, 1999, the number of registered shareholders totaled 65,871 for CMS Energy Common Stock and 5,071 for Class G Common Stock.

SHAREHOLDER CONTACTS:

Inquiries about stock ownership, stock purchase, change of address, dividend payments, dividend reinvestment or the Stock Purchase Plan may be directed to:

Investor Services Department
212 W. Michigan Ave.
Jackson, MI 49201
(517) 788-1868 or send an E-mail to invest@cmsenergy.com

For financial and operating information, please contact:
Investor Relations Department
212 W. Michigan Ave.
Jackson, MI 49201
(517) 788-2590

STOCK PURCHASE PLAN:

Investors can buy shares of CMS Energy Common Stock and Class G Common Stock directly through the Corporation's Stock Purchase Plan, with no brokerage commission or service charge. Other plan features include dividend reinvestment, certificate safekeeping, direct deposit of dividends, automatic investment, sale of shares and gifting of shares. For more information and a plan prospectus, please contact the Investor Services Department or click on the "Invest in CMS Energy" icon at www.cmsenergy.com.

STOCK OWNERSHIP:

As a CMS Energy shareholder, you have the option of direct stock ownership or indirect stock ownership. Under direct stock ownership, the shares are registered in your name; you can purchase additional shares directly from the company with no commissions or service charge; you enjoy the benefits of direct communication to and from CMS Energy; and you can participate in the CMS Energy stock purchase plan. Under indirect stock ownership, your shares are held in "street name" by a broker, and your dividend payments come through a broker rather than directly from CMS Energy. (For more information on direct and indirect ownership, please contact the Investor Services Department for the brochure "Stock Ownership: What Every Investor Should Know.")

DIRECT DEPOSIT AND AUTOMATIC INVESTMENT:

CMS Energy can deposit your dividends directly into your bank account. We also offer automatic investment from your bank account to purchase CMS Common Stock and Class G Common Stock and keep your investment in CMS Energy growing. Please contact the Investor Services Department for more information.

ELIMINATING DUPLICATE MAILINGS:

To maintain more than one account, but eliminate duplicate mailings of annual and quarterly reports, send the labels from company mailings to the Investor Services Department, indicating the names you wish to keep on the mailing list. (Dividend checks and proxy materials will continue to be sent to each account.)

CONSOLIDATING ACCOUNTS:

To consolidate separate accounts into one account, contact the Investor Services Department.

OBTAINING REPORTS:

Shareholders may obtain without charge and exclusive of exhibits: CMS Energy's Form 10-K and an audiocassette recording of the annual report text. Please address all requests to the Investor Services Department.

STOCK EXCHANGE LISTING:

CMS Energy Common Stock is listed on the New York Stock Exchange under the symbol CMS. Class G Common Stock is listed under the symbol CPG.