Chairs Report
March 2008

Spring is upon us and The Aleut Corporation is bustling with activity. I am happy to report that the Board of Directors approved the Strategic and Financial Plan presented at the February strategic planning session in Seattle.

Troy Johnson, our new CEO, Thomas Mack, our President, and the senior management of the Aleut Management Services, LLC and Aleut Enterprise, LLC reviewed, edited and adopted this plan that will take The Aleut Corporation through to 2012.

Also at this meeting, the board and management held a shareholder informational meeting in Seattle on February 23rd that was very well attended. Thank you to all of our shareholders in the Seattle area for attending this meeting. Some shareholders traveled all the way from California!

We are happy to report that the Aleut dance group from the Seattle area will perform at this year’s annual meeting. We looked forward to their performance!

In addition to the adoption of the plan, the board approved the largest dividend ever distributed by The Aleut Corporation. This dividend—at $5.60 a share—will go out to shareholders this summer. The board was also pleased to once again provide an Elders benefit of $500. Please talk to our shareholder department for eligibility details on this important benefit.

Spring is always a busy time in Alaska and this spring will be no exception. The Aleut Corporation is growing, our revenues are up and our future looks very bright. The board is pleased with our progress this past year.

If you would like to communicate with any of your board members, feel free to contact me, or any of your members, through The Aleut Corporation.

Thank you, and have a wonderful spring.

Sharon Guenther Lind
Chairman of the Board