The Aleut Corporation sells its interest in the Alaska Trust Company

On January 10, 2008, the Aleut Corporation closed the sale of its 73% interest in the Alaska Trust Company. The sale resulted in a healthy gain and a solid return on our investment in the Alaska Trust Company that was made about ten years ago.

The Board chose to sell as it believes that it will be able to make a better return on its investment. We will be re-investing the proceeds to produce an annual income stream greater than what we were previously receiving. The goal is to provide a steady income stream in perpetuity to support our mission, which is to maximize dividends and choices to our shareholders.

The end result is that we expect to preserve our assets and increase net income over the long haul.

We will continue to inform you of highlights such as this in future newsletters.