The following summarizes some of the election procedures for the 2003 Annual Meeting of CIRI shareholders. A complete copy of the CIRI Election Procedures and Rules of Conduct for Shareholder Meetings will be available at the June 7 Annual Meeting, in Soldotna, Alaska, or may be obtained prior to the meeting by contacting the CIRI Shareholder Relations department.

1. Delivery of Proxies.
All proxies must be received by 5 p.m. (Alaska Standard Time) on Friday, May 30, 2003, by CIRI or the Inspector of Election. Proxies received after 5 p.m. on May 30, 2003, will not be valid for any purpose.

2. Proxy Revocation.
After 5 p.m. on May 30, 2003, shareholders may revoke proxies by voting in person by ballot at the annual meeting or by delivering to the Inspector of Election, prior to the close of shareholder registration on the meeting day, an express signed and dated written revocation (other than a proxy).

3. Meeting Registration.
Registration for the Annual Meeting will begin at 9 a.m. on June 7, 2003. The meeting will commence at 10 a.m. and shareholder registration will close at 1 p.m. Each shareholder will be required to bring some form of identification such as a driver’s license, Social Security card, or CIRI ID card. All eligible shareholders wishing to vote at the meeting will be given a ballot for that purpose. Acceptance of the ballot will revoke all proxies the shareholder may have previously signed. All shareholders desiring to vote in person at the meeting must register prior to the close of shareholder registration at 1 p.m.

4. Voting.
The Inspector of Election will announce the proxy votes held by proxy holders at the meeting and will prepare and distribute ballots to the proxy holders. All ballots must be deposited into the ballot boxes or delivered to the Inspector of Election. Election results will be announced as soon as possible after the voting is complete.