Great Plains Energy Incorporated Declares Dividends

KANSAS CITY, Mo.–(BUSINESS WIRE)–Great Plains Energy (NYSE: GXP) today announced that its Board of
Directors approved a quarterly dividend of $0.2750 per share on its
common stock. The Company’s current annual dividend level is $1.10 per
share. The common dividend will be payable September 20, 2017 to
shareholders of record as of August 29, 2017. The shares will begin to
trade ex-dividend on August 25, 2017.

About The Companies:

Headquartered in Kansas City, Mo., Great Plains Energy Incorporated is
the holding company of Kansas City Power & Light Company (KCP&L) and
KCP&L Greater Missouri Operations Company, two of the leading regulated
providers of electricity in the Midwest. KCP&L and KCP&L Greater
Missouri Operations Company use KCP&L as a brand name. More information
about the companies is available on the Internet at: www.greatplainsenergy.com
or www.kcpl.com.

Forward-Looking Statements:

Statements made in this communication that are not based on historical
facts are forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995, may involve risks and uncertainties, and
are intended to be as of the date when made. The forward-looking
statements contained herein include, but are not limited to, information
regarding Great Plains Energy’s dividend program and future payment
obligations.

The list of factors that could cause actual results to differ materially
from the forward-looking statements made by Great Plains Energy include
those items discussed in Great Plains Energy’s 2016 Annual Report on
Form 10-K and other factors discussed in filings with the Securities and
Exchange Commission (“SEC”) by Great Plains Energy. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which apply only as of the date of this press release. Great
Plains Energy undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.

Contacts

Great Plains Energy
Investors:
Calvin
Girard, 816-654-1777
Senior Manager, Investor Relations
[email protected]
or
Media:
Katie
McDonald, 816-556-2365
Senior Director, Corporate Communications
[email protected]