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Otter Tail Corporation Holds 2008 Annual Meeting: Shareholders Elect Directors; Board Declares Quarterly Dividend
Date:4/14/2008

s manufacturing platform and a turnaround in its potato processing business as key earnings drivers.

Several Otter Tail companies have significant involvement in wind energy, Erickson said. "Otter Tail Power Company now has an ownership stake in the Langdon Wind Energy Center and will continue to add wind resources. DMI, our wind tower manufacturer, is strategically positioned with three plant locations to better serve wind energy developers in Canada and the United States. We have construction subsidiaries working to build and connect wind farm infrastructure, and our trucking company has added heavy haul service to transport larger items such as wind towers. It is an exciting time for us in the wind energy arena, and we have a lot of opportunity ahead."

In a board meeting following the annual meeting, Otter Tail Corporation's board of directors declared a quarterly common stock dividend of 29.75 cents per share. This dividend is payable June 10 to shareholders of record on May 15, 2008. The board also declared quarterly dividends on the corporation's four series of preferred stock, payable on May 31 to shareholders of record on May 15, 2008. The indicated annual dividend rate for 2008 is $1.19 per share, a two-cent increase over the 2007 rate.

About The Corporation

Otter Tail Corporation has interests in diversified operations that include an electric utility, manufacturing, health services, food ingredient processing and infrastructure businesses which include plastics, construction and transportation. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at http://www.ottertail.com. Corporate offices are located in Fergus Falls, Minn., and Fargo, N.D.

Forward-looking Statements

Except for historical information, all other information provided in this presentation consists
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SOURCE Otter Tail Corporation
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