35th Annual Meeting of Shareholders

1. Resolution regarding special dividend

122,545.341

227,221.466

19,527.777

369,294.584

Be it resolved that CIRI shall pay a $50.00 per share Special Dividend in the second quarter of the year 2008.   - Michael Thomas

Discussion

The CIRI Board of Directors Proxy Committee voted no to oppose this resolution. It is inconsistent with the long-term interest of shareholders and the company and the Board position taken in adoption of CIRI's dividend policy passed at the Feb. 23, 2007, Board meeting.

2. Resolution on CIRI proxy solicitation for other candidates

17,256.245

226,008.466

122,374.039

365,638.750

They be afforded discretionary voting authority.   - Jimmie Hartley

Discussion

The CIRI Board of Directors Proxy Committee voted no to oppose this resolution. Although not required to do so, the CIRI proxy affords the opportunity for any shareholder who is not part of the Board-recommended slate to have his or her information included as an “Other Candidate.” Any votes directed to “Other Candidates” on the CIRI proxy are cast for those candidates by the CIRI proxyholder in the amounts specified by the shareholder. Shareholders whose names appear on the CIRI proxy as “Other Candidates” are free to solicit their own proxies, in which case that proxyholder would have discretionary voting authority.

3. Resolution regarding special dividend

15,908.828

226,177.133

125,341.123

367,427.084

It is resolved by the shareholders of Cook Inlet Region, Inc. that the Board of Directors vote to distribute a Special Dividend of $200.00 per share during 2008.   - Gary Oskolkoff

Discussion

The CIRI Board of Directors Proxy Committee voted no to oppose this resolution. It is inconsistent with the long-term interest of shareholders and the company and the Board position taken in adoption of CIRI's dividend policy passed at the Feb. 23, 2007, Board meeting.

4. Resolution regarding dividend policy

10,318.461

227,127.284

130,081.339

367,527.084

It is resolved by the shareholders of Cook Inlet Region Inc. that the Board of Directors vote to change the dividend policy from 3.25 percent of shareholder equity to 5.00 percent or more.   - Gary Oskolkoff

Discussion

The CIRI Board of Directors Proxy Committee voted no to oppose this resolution because it is inconsistent with the long-term interest of shareholders and the company. The CIRI Board of Directors carefully considered many factors before adopting the current dividend policy, and they believe that policy is sound and provides for steadily growing dividends over time.

5. Resolution regarding dividend policy

226,833.010

16,439.367

122,266.373

365,538.750

Resolved: That the dividend policy and practices of the Company, being of critical importance to both individual shareholders and to the future of the Company as a whole, should be guided in all cases by due deliberation of the Board of Directors, without regard to election-year political concerns, taking into account both the needs of current shareholders to a steady and growing dividend stream and the need to grow the Company for the benefit of current and future generations of shareholders.   - Erik Frostad

Discussion

The CIRI Board of Directors Proxy Committee voted yes in support of this resolution because it is consistent with sound fiscal policy and the Board position taken in adoption of CIRI's new dividend policy passed at the Feb. 23, 2007, Board meeting.

6. Resolution regarding lawsuit

140,605.452

225,973.549

392.332

366,971.333

Be it resolved that CIRI shall dismiss the lawsuit, case number 3AN-08-7998 CI.   - Michael Thomas

Discussion

The CIRI Board of Directors Proxy Committee voted no to oppose this resolution. CIRI welcomes open and robust debate on any issues involving the corporation and its shareholders, provided that debate is conducted fairly. Alaska statutes and proxy regulations set forth specific rules governing proxy campaigns, which make it illegal to solicit proxies based on false and misleading statements in proxy solicitation materials. If the law is violated and false and misleading statements are made to shareholders for political gain, CIRI feels it has no choice but to go to court to preserve the integrity of the election process.