ALLETE INC — Director's Dealing 2008

Feb 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2008-02-01

Reporting Person: Holquist Laura A (President ALLETE Properties)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-01	Common Stock	A	2393	—	Acquired	10791.55	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4718	Indirect
Common Stock	103	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under ALLETE's stock purchase and dividend reinvestment plan and ALLETE's employee stock purchase plan, and is based on plan information available as of Janary 31, 2008.

F2: Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP) since the Reporting Person's last ownership report, and is based on RSOP Plan information available as of January 31, 2008.