Reminder - Eligible Elders Need to Opt-in for Class “E” Stock

At the 2009 Sealaska Annual Meeting, tribal member shareholders approved the Elders resolution. The resolution allows Sealaska to issue new shares of stock to eligible Elders who are 65 years and older. Approximately 90% of eligible Elders have opted in to receive Class E shares, receiving them in time to benefit from the December 2009 distribution.

Eligible Elders will not automatically receive 100 Class E Shares. Elders must sign the yellow opt-in card mailed to them when they turn age 65 and return it to Sealaska for processing.

The new Class E shares will not affect any shares already owned. Nor will they interfere with or increase any Elders’ Settlement Trust payment. Class E stock is “life estate” which means the shares will be cancelled, or will cease to exist, upon the death of the Elder and cannot be gifted or inherited.

There is no deadline for returning the opt-in card. But please remember the opt-in card must be received and processed by Sealaska by the record date of (approximately two weeks before) a declared distribution to be eligible for any potential dividends on the additional shares.

If you have any questions please contact Shareholder Records toll-free at 1.800.848.5921 or directly at 907.586.9227.