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SHAREHOLDER NEWS - Koniag, Inc.

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Koniag Angayuk Internship Scholarship<br />

Deadline – Jan. 15, 2011<br />

Koniag, Inc. and the Koniag Education Foundation (KEF) have jointly<br />

coordinated an internship scholarship program to seek out Koniag’s<br />

best and brightest shareholders and descendants to intern with<br />

Koniag or one of the subsidiaries of Koniag Development Corporation<br />

(KDC) and to establish relationships between our future leaders<br />

and Koniag, Inc. The selected intern will be awarded an annual<br />

scholarship of $10,000 from Koniag, Inc. throughout the length of<br />

their post-secondary educational training. Such an award allows the<br />

student to focus on his/her field of study and also gain related work<br />

experience during a 6-10 week period during the summer.<br />

To qualify, students must have a minimum GPA of 3.0, agree to intern<br />

in any one of Koniag’s subsidiaries during the summer and be willing<br />

to relocate for a period of 6-10 weeks during the summer months.<br />

Students will receive a salary during their internship and travel and<br />

lodging will be funded by Koniag, Inc. Students who are awarded<br />

this scholarship and who continue to meet the obligations of the<br />

scholarship will receive renewed funding of $10,000 each year up<br />

until graduation. To apply, go to KEF’s Online scholarship application<br />

page: http://www.koniageducation.org/scholarships.html.<br />

To apply, go to KEF’s Online scholarship application<br />

page: www.koniageducation.org/scholarships.html.<br />

Past winners were Peter Boskofsky, who interned with Koniag’s Legal<br />

Counsel, Stoehl Rives. Peter is a third year law student at Gonzaga<br />

University School of Law. Margaret “Meg” Nielsen was the second<br />

recipient of the Angayuk Intership and she interned this summer with<br />

Koniag subsidiary WMG/FedSources. She is a second year law student<br />

at George Washington University School of Law.<br />

Continued from page one<br />

Proxy Voting $5,000<br />

Lydia Lockard, Homer, Alaska<br />

Early Bird Prize Winners<br />

The Early Bird prize drawings for the Proxies have been<br />

completed, and we are pleased to announce the winners:<br />

Oct. 1 Early Bird Prize Drawing Winners ($1,000 each):<br />

Frances Ellen Baber, Madison Heights, Wis.<br />

Peter Kewan, Port Lions, Alaska<br />

Oct. 29 Early Bird Prize Drawing Winners ($100 each):<br />

Sada M. Ashcraft, Orange, Calif.<br />

Alex J. Mensoff, Old Harbor, Alaska<br />

Terry Wayne Wolkoff, Anchorage, Alaska<br />

Leanna Ellen Castillo, Bothell, Wash.<br />

Cheryl K. Sutter, Bellevue, Wash.<br />

Alfred Hansen Jr., Old Harbor, Alaska<br />

Michael Tunohun Jr., Anchorage, Alaska<br />

Stella Krumrey, Old Harbor, Alaska<br />

Roman Carl Zeedar, Old Harbor, Alaska<br />

Carolyn Morphew, Semmes, Ala.<br />

And finally, the Annual Stock Will Cash Prize Drawing for $1,000 goes to:<br />

Freddie Christiansen, Anchorage, Alaska<br />

Congratulations to all of the winners!<br />

Thank you to everyone who took the time to<br />

vote their proxy. Your vote matters!<br />

2010 Annual Meeting Webcast<br />

Koniag’s Webcast of the 2010 Annual Meeting from Seattle,<br />

Wash. was a success again this year. For our third webcast,<br />

Koniag contracted with a local Seattle firm, Online Video<br />

Service. The firm used a different chat interface and webcast<br />

structure, which allowed participants to log on to the video<br />

portion to an audio-only portion or to watch and listen and log<br />

onto the live chat room feature simultaneously.<br />

Our webcast survey revealed that a during the six-hour<br />

webcast, about 252 people logged on.<br />

Location Number<br />

Anchorage 76<br />

Kodiak 35<br />

Soldotna 14<br />

Washington state 28<br />

Other states 20<br />

Koniag gathered feedback in the chatroom as well, and we<br />

will take your suggestions into account in planning next<br />

year’s webcast. The biggest request has been for increased<br />

video coverage to include the Breakout sessions of the Annual<br />

Meeting.<br />

Thank you to all who took time to log on to all or part of the<br />

webcast. We’ll see you next year in Anchorage!<br />

Of those viewers, 50 completed the Webcast survey questions.<br />

Of the surveyed group, more than 65 percent were women<br />

and 35 percent were men. The largest number of technical<br />

difficulties were issues involving video quality and were most<br />

likely due to slow or poor Internet connection speed.<br />

The 2010 Koniag Annual Meeting was available through webcast.<br />

A webcast survey shows that about 252 people logged on to be<br />

part of the meeting.<br />

PAGE SEVEN

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