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Investor Presentaiton

Environmental, Social and Governance: Sustainability is an ALLETE value At ALLETE, we recognize that impacts from human activity, including climate change, are real, complex, and interrelated. We are committed to answer the call to transform the nation's energy landscape through innovative and sustainable solutions. The challenges of climate change are real, complex, interrelated, and urgent •ALLETE Strategy: Innovative energy solutions to grow our company while creating a sustainable tomorrow • Minnesota Power/SWL&P: Energy Forward = 50% Renewables and over 50% CO² reduction by 2021 ⚫ALLETE Clean Energy: ALLETE = 2nd largest investor in renewables as a percentage of market cap Bridging the opportunity gap to help people and communities thrive • $1 million in annual giving • Yellow Ribbon Company – recognized for strong support of military-connected employees & families Values-based culture and best-practice governance • Demonstrated commitment to diversity and best practice by Board of Directors and leadership Strategy provides enduring value for all of our stakeholders ALLETE
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