In 2001, CIRI paid a total of $33.52 per share (or $3,352 per 100 shares) in quarterly dividends to shareholders and $150.29 per share (or $15,029 per 100 shares) in a special distribution in May 2001. CIRI also paid a Christmas distribution in the amount of $3.00 per share (or $300 per 100 shares). These distributions represent taxable income, and they will be shown in Box 1 ­ Ordinary Dividends, on your CIRI Form 1099-DIV.

At-large shareholders received $1.7544 per share (or $175.44 per 100 shares) in a 7(j) resource revenue payment. If you are an at-large shareholder, your 7(j) payment will be shown in Box 3 ­ Other Income of your CIRI Form 1099-MISC. The resource revenue payment is a sharing of resource revenues among the 12 regional corporations as required by the Alaska Native Claims Settlement Act. Resource revenue payments are not dividends, and are not considered investment income. Resource revenue payments for village shareholders are paid to their village corporation; therefore, CIRI does not report these amounts as income to the shareholder.

Payments made during 2001 to shareholders for prizes or awards and/or elders' distributions will also be reported by CIRI on a Form 1099-MISC in Box 3 ­ Other Income. In addition, shareholders that may have received interest payments from CIRI last year will receive a Form 1099-INT. The amount of interest paid will be reported in Box 1 ­ Interest Income.

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. If you use a tax preparer, please share this information with him or her. If you have further questions, please contact the Shareholder Relations Department at (907) 274-8638 or by calling toll-free at 1-800-764-2474.

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