2007 CIRI SHAREHOLDER TAX INFORMATION

CIRI has mailed IRS 1099 forms to all shareholders for the 2007 tax year. Some shareholders will receive a second 1099 form if they also received 7(j) payments and/or shareholder prizes. The 1099 forms reflect payments including:

• Quarterly dividends (reported in boxes 1a and 1b on form 1099-DIV)
• Irrevocable Elders' Settlement Trust distributions (reported in box 3 on form 1099-DIV)
• 7(j) resource payments (reported in box 3 on form 1099-MISC)
• Shareholder prizes (reported in box 3 on form 1099-MISC)

CIRI paid a total of $33.93 per share ($3,393 per 100 shares) in 2007 quarterly dividends. These distributions are reported on form 1099-DIV in box 1a (ordinary dividends) and box 1b (qualified dividends).

Quarterly dividends and Elders' distributions are reported on form 1099-DIV.

The amount reported in box 1a of the 2007 form 1099-DIV is the total of all taxable distributions CIRI paid in 2007 for quarterly and Modified Elders' Benefit distributions. Box 1b shows the same amount as qualified for a reduced tax rate. Qualified dividends may be less than the total for all distributions for shares inherited in 2007.

If you have held your shares for less than one year or inherited new shares during 2007, please consult your tax advisor for the appropriate treatment of distribution totals reported in box 3 (non-dividend distributions). In some circumstances, depending upon an individual's tax "basis" in their stock, some or all of the box 3 total could be subject to tax.

Distributions received in 2007 from the Elders' Benefit Program are also reported by CIRI on a form 1099-DIV, both in box 1a (ordinary dividends) and in box 1b (qualified dividends). However, payments made from the Irrevocable Elders' Settlement Trust are nontaxable  reported in box 3 (non-dividend distributions). If you received all four of the payments made from CIRI's Irrevocable Elders' Settlement Trust last year, $1,800 is reported in box 3.

At-large shareholders received a $6.5213 per share (or $652.13 per 100 shares) 7(j) resource revenue payment in 2007. If you are an at-large shareholder, your 7(j) payment is reported on a form 1099-MISC in box 3 (other income). The resource revenue payment derives from resource sharing among the 12 regional corporations as required by the Alaska Native Claims Settlement Act. Your 7(j) payment appears on a different form because resource revenue payments are not dividends and are not considered investment income. ANCSA requires that resource revenue be paid to village shareholders' village corporations, so that CIRI does not report these payments as individual shareholder income. CIRI reports payments made in 2007 to shareholders for prizes or awards on Form 1099-MISC in box 3 (other income).

Shareholder prizes and 7(j) resource payments are reported on form 1099-MISC.

CIRI cannot provide tax advice and shareholders are encouraged to consult with a tax advisor regarding individual circumstances and applicable federal and state tax requirements. Please remember that it is your responsibility to accurately report your CIRI income on your tax returns.