2007 Dividends Announced

The Koniag Board of Directors is pleased to announce this year’s dividend of $6.00 per share. This is the largest distribution of revenues from operations in the history of Koniag, Inc. The last day to provide change of address or direct deposit information is Friday, Jan. 11, 2008 at 5 p.m. Dividend checks will be mailed or direct deposited by Jan. 23, 2008.

This dividend is a reflection of the success of Koniag’s reorganization, the activation of Koniag Development Corporation (KDC), and the improved management of our investments.

We are proud of the growth that we are experiencing, and hope that the people of Koniag share our excitement. This dividend is a historic moment for Koniag and its Shareholders, and we are confident that we will continue to grow stronger – both financially and as a people.