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ADESA Canada Expands Into Alberta

8 November 1999

ADESA Canada Expands Into Alberta

    INDIANAPOLIS, Nov. 5 -- ADESA Canada Inc., a leader in the
automotive auction industry, today announced it is expanding into Alberta with
construction of a new ADESA Calgary auction facility.
    "With addition of this new facility in the Calgary suburb of Airdrie,
ADESA will have five auctions in Canada and a total of 30 across North
America," said Jim Hallett, president of ADESA Corporation.  "This new auction
is part of our plan to aggressively expand in North America while maintaining
solid growth at our existing facilities."
    The new state-of-the-art facility is scheduled for completion in the
spring of 2000.  It will boost economic growth in Alberta by creating up to
100 new jobs.  The complex will be approximately 65 acres in size, featuring
four sale lanes, a mechanical repair and reconditioning facility, cafeteria,
visitor parking and 24-hour secure vehicle storage.
    "We are extremely encouraged by the strong customer support for this
project and we believe it will be a great success for ADESA Canada and the
city of Airdrie," said Brian J. Warner, president and chief operating officer
of ADESA Canada.
    ADESA Corporation is North America's second largest provider of wholesale
vehicle remarketing services. In addition to auctions, the company offers a
wide range of other services to licensed automobile dealers across the two
countries. The company is a wholly-owned subsidiary of Minnesota Power, Inc.
, a diversified services company with corporate headquarters in
Duluth, Minn.  Minnesota Power holdings include the second largest wholesale
automobile auction network in North America; the leading provider of
independent auto dealer inventory financing; a low-cost electric utility that
serves some of the largest industrial loads in the United States; the largest
private water utilities in Florida and North Carolina and significant real
estate holdings in Florida.