ALLETE INC — Director's Dealing 2003

Aug 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2003-08-01

Reporting Person: JOHNSON PETER J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-21	Common Stock	G	3128.65	—	Acquired	36860.521	Direct
2003-08-01	Common Stock	P	616.82	$26.75	Acquired	36243.7	Direct
2003-07-21	Common Stock	G	3128.65	—	Disposed	0	Indirect
2003-08-01	Common Stock	P	224.3	$26.75	Acquired	224.3	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under the dividend reinvestment feature of ALLETE's stock purchase and dividend reinvestment plan.

F2: The reporting person no longer has a reportable beneficial interest in 6,257 shares of ALLETE common stock previously owned by the reporting person's spouse in joint tenancy and included in the reporting person's prior ownership reports.