Chairs Report
September 2007

Dear Shareholders
It is hard to believe that a year has gone by since our last Annual Meeting. This is always a wonderful time of year for The Aleut Corporation as we welcome shareholders to Anchorage for our 35th Annual Meeting.

Yes, Aleut Corporation has now been in existence for 35 years. It was December 1971 when the Alaska Native Claims Settlement Act formed the 12 Alaska Native Regional Corporations in the state of Alaska, a legacy to be proud of for our future generations. Our founding fathers hoped to improve Alaska Natives economic and social quality of life. Rural development, jobs for our people, self determination, preservation of our lands and traditions and protection of our subsistence rights were the expectations of ANCSA.

Who knew 35 years ago that we would be where we are at today. This year’s annual report will highlight some of the early leaders in the corporation and I would like to take a moment to thank all who have participated in the formation of our corporation either by sitting on the board, working in our office or engaging shareholders through voicing ideas, concerns and electing the board.

The Aleut Corporation was incorporated in 1972 under ANCSA. At that time, 3,249 shareholders were enrolled, each given 100 shares. The Corporation received $19.5 million dollars and was entitled to 66,000 acres of surface lands and 1.5 million acres of subsurface estate.

It is important to know the history of our corporation and thank those who have actively participated in our formative years. I hope you all will enjoy this year’s annual report and theme as we travel through our creation and recognize those who helped make us what we are today.

I encourage everyone to participate by voting in this year’s election and remember you can vote online as well as by proxy. You recently received a letter from us explaining the lateness of this year’s annual report printing. Please be sure to vote your ballot as soon as possible so that we can achieve a quorum. To encourage your timely vote, the board has, one more time this year, implemented a $10,000 proxy prize.

I look forward to seeing many of you in October.

Sharon Guenther Lind
Chairman of the Board