Investor Presentaiton

BNI Energy is a well established business Recognized for best in class reclamation with PSC's Award for Excellence in Surface Coal Mining and Reclamation Overview • BNI Lignite mining operations and other energy service solutions Long established presence in energy rich and business friendly North Dakota energy . Advancing CO2 capture and storage solutions • Contracted revenues, cost-plus contracts through 2037 . • 2019 net income $7.4M BNI's location, reputation and track record in North Dakota provide an ideal platform to grow ALLETE in energy rich and policy friendly North Dakota 26 ALLETE

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