¾ÅÉ«ÊÓƵ

Immediate release

November 6, 2012

Immediate release

November 6, 2012

¾ÅÉ«ÊÓƵ Corporation’s 38^th Annual Meeting of Shareholders Results

(Anchorage, Alaska) – In the midst of another successful business year for ¾ÅÉ«ÊÓƵ Corporation, Shareholders once again shared their voice at the 38^th annual meeting of Shareholders on November 3 in Goodnews Bay, Alaska. Approximately 200 people attended the meeting, an impressive turnout with a town population of 264.

A total of 55.2 percent of all shares of Common Stock, or 692,865.5534, were represented in person or by proxy at annual meeting (full voting results available by ). Up for consideration for the Shareholders were the election of four Board of Director seats and several resolutions. The results of the voting, tabulated and certified by the independent firm of Sramek-Hightower, are as follows:

Board of Director seats

·         Unit 1 Director: Michael Akerelrea (reelected)

·         Unit 2 Director: JoAnn Jorgensen Werning (reelected)

·         Unit 3 Director: Robert L. Beans (new Director)

·         At-Large Director: Marcie Sherer (new Director)

Resolutions

·         Passed: Binding Resolution To Amend the ¾ÅÉ«ÊÓƵ Corporation Bylaws to Eliminate the Designation of a Board Slate and Eliminate Cumulative Voting by the Nominating Committee of Non-Directed Votes in Board Solicited Proxies

·         Passed: Binding Resolution: Should the ¾ÅÉ«ÊÓƵ Bylaws be Amended to Require that Annual Meetings be Held Periodically in Bethel and Anchorage?

·         Passed: Binding Resolution: Should the ¾ÅÉ«ÊÓƵ Corporation Bylaws be Amended to Limit the Number of Terms the Chairman of the Board May Serve as Chairman to No More than Three Consecutive Yearly Terms?

·         Passed: Binding Resolution: Should the ¾ÅÉ«ÊÓƵ Corporation Bylaws be Amended to Preclude the Nominating Committee from Viewing the Tally of Directed Voting Prior to Voting their Proxies?

·         Failed: All Binding Resolutions to remove Directors: Michael D. Akerelrea, Arthur S. Heckman, Sr., Felix P. Hess, Robert “Bobby” Hoffman, William Igkurak, Harley J. Sundown and JoAnn J. Werning

·         Passed: Advisory Resolution To Ban Discretionary Voting in Annual Meetings: Should ¾ÅÉ«ÊÓƵ Ban Discretionary Voting in Annual Meetings?

The election results are the voice of the ¾ÅÉ«ÊÓƵ Shareholders and pave the way for ¾ÅÉ«ÊÓƵ’s voting foundation. With a commitment to reaching as many Shareholders as possible, ¾ÅÉ«ÊÓƵ has held annual meetings in 29 of the region’s 56 villages since inception.

¾ÅÉ«ÊÓƵ continues to fulfill its ANCSA obligations in a variety of ways. Since inception, Shareholder dividends and distributions have totaled more than $17.4 million. Of that amount, more than $1.8 million has been provided in the form of special Elder distributions, which was voted on and approved as an advisory resolution at the 2007 annual meeting of Shareholders. More than 46 percent of these total distributions have taken place in the last two years alone.

¾ÅÉ«ÊÓƵ is also fulfilling its commitment to educating future leaders, and more than $3.2 million in scholarships has been provided to Shareholders and Descendants since inception. The scholarships from the last two years accounts for more than 20 percent of that total.

¾ÅÉ«ÊÓƵ Corporation has one of the highest populations of Shareholders among all of the regional Alaska Native Corporations. There are 1,255,582.4882 eligible votes among ¾ÅÉ«ÊÓƵ Shareholders, and more than 12,000 Shareholders.

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The second largest of the original 13 Alaska Native corporations, ¾ÅÉ«ÊÓƵ Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents more than 12,000 Shareholders. The ¾ÅÉ«ÊÓƵ region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since inception, ¾ÅÉ«ÊÓƵ has provided more than $3.2 million in scholarships to its Shareholders and Descendants and more than $17.4 million in Shareholder dividends and distributions.

¾ÅÉ«ÊÓƵ Corporation is the parent company of 15 subsidiaries, providing services ranging from telecommunications and marketing to construction and environmental remediation. ¾ÅÉ«ÊÓƵ can be found on Facebook () and Twitter ().