ALLETE Declares Dividend on Common Stock.

DULUTH Duluth (dəl

th`), city (1990 pop. 85,493), seat of St. Louis co., NE Minn., at the west end of Lake Superior, at the head of lake navigation and opposite Superior, Wis.; inc. 1870. , Minn. -- ALLETE's (NYSE NYSE

See: New York Stock Exchange :ALE) board of directors has declared a quarterly dividend on the company's common stock.

A dividend of 30 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of common stock was declared by the board. On an annual basis the dividend is equivalent to $1.20 per share.

The regular quarterly dividend on common stock is payable March 1 to shareholders of record at the close of business February 15, 2005.

ALLETE's corporate headquarters are located in Duluth, Minnesota. ALLETE provides energy services in the upper Midwest The Upper Midwest is a region of the United States with no universally agreed-upon boundary, but it almost always lies within the US Census Bureau's definition of the Midwest and includes the states of Minnesota and Wisconsin, as well as at least the Upper Peninsula of Michigan. and has significant real estate holdings in Florida. More information about the company is available on ALLETE's Web site at www.allete.com.

The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.

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Publication:	Business Wire
Date:	Feb 4, 2005
Words:	172
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