2008 SHAREHOLDER Dividend/DISTRIBUTION Schedule

The table below has been prepared to assist shareholders with financial planning. It contains the dates and amounts for each type of payment CIRI expects to issue to shareholders in 2008, including:

• regular shareholder dividends, which have been declared by the Board and are consistent with CIRI's dividend policy;

• the resource revenue, or 7(j), payment; and

• payment from CIRI's Irrevocable Elders' Settlement Trust, which have been declared by the trustees.

Address Change/Direct Deposit Deadlines

Change of address and direct deposit deadlines will continue to be announced well in advance of each distribution in the newsletter, on the CIRI Web site, and on the dividend hotline (1-800-764-CHEK). But, rather than waiting for a deadline, we suggest that you immediately update your CIRI records whenever your address changes and/or you wish to make direct deposit changes.

Also, don’t forget, if the address on your CIRI records is different from the address you have on file with the U.S. Postal Service, your CIRI mail—including dividends—may not reach you. Online forms and information on changing an address or submitting a mail-forwarding request with the Postal Service are available on the Postal Service Web site, at your local post office, or by calling the post office toll-free at 1-800-ASK-USPS.

Tax Reminder

As a reminder, regular dividends, resource revenue payments and Modified Elders’ Benefit Program payments are taxable income to shareholders. Distributions from the Irrevocable Elders’ Settlement Trust may have a taxable and non-taxable component that varies from year to year depending on the investment income of the Trust, and CIRI will annually calculate the taxable portion.

IRS Forms 1099 for prior year payments are mailed to shareholders no later than Jan. 31 of the following year, as required by law. Once CIRI Accounting and Finance Department determines the proper treatment of shareholder distributions with respect to current IRS reporting requirements, the CIRI Web site and dividend hotline are immediately updated.

CIRI is unable to withhold taxes from dividends, and shareholders who anticipate owing tax on their dividends may make quarterly estimated tax payments directly to the Internal Revenue Service themselves. Consult a tax advisor to learn more about making quarterly estimated tax payments or contact the IRS directly. CIRI cannot provide tax advice.

* As required by the ANCSA, resource revenue payments associated with at-large shares are paid directly to the shareholder, while resource revenue payments associated with village-class shares are paid to the underlying village corporation.

 

** Payable to original CIRI shareholders who are 65 years of age or older on the payment date, providing they own at least one share of CIRI stock. Original shareholders who are 65 years of age or older on the payment date but who own no shares, having gifted all of their shares away prior to implementation of the Elders’ Trust (July 31, 2003), are eligible to receive payments from the Modified Elders Benefit Program, on the same dates and in the same amounts as Elders’ Trust payments.