ALLETE, Inc.
ALLETE has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company. Learn more at www.ALLETEforward.com.
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Jul 21, 2010

ALLETE Board of Directors declares dividend on common stock

ALLETE Board of Directors declares dividend on common stock

DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 44 cents per share of common stock.

On an annual basis the dividend is equivalent to $1.76 per share, unchanged from the previous quarter.

The regular quarterly dividend is payable September 1 to common stock shareholders of record at the close of business August 16, 2010.

ALLETE's corporate headquarters are located in Duluth, Minnesota. More information about the company is available on ALLETE's Web site at www.allete.com.

The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.

Investor Contact
Tim Thorp
218-723-3953
tthorp@allete.com