ADESA Schedules Second Quarter Earnings Release, Conference Call CARMEL, Ind., July 8 /PRNewswire-FirstCall/ -- ADESA, Inc. (NYSE:KAR) will announce its financial results for the quarter ended June 30, 2004 immediately after the financial markets close on Wednesday, July 21, 2004. (Logo: http://www.newscom.com/cgi-bin/prnh/20040708/DETH017LOGO ) Following the release, ADESA Chairman and CEO David Gartzke and ADESA Chief Financial Officer Cam Hitchcock will present an overview of financial results and other factors affecting performance during a conference call beginning at 4:30 p.m. EST. Also on the call, ALLETE President and CEO Don Shippar and ALLETE Chief Financial Officer James Vizanko will present an overview of ALLETE, Inc. (NYSE:ALE) financial results for the quarter. ALLETE is presently the controlling shareholder of ADESA, Inc. Interested parties may listen to the conference by calling (719) 457-2606 or by listening to a Webcast accessed either via the ADESA Web site at http://www.adesainc.com/ or the ALLETE Web site at http://www.allete.com/ . With headquarters in Carmel, Ind., ADESA is North America's largest publicly traded provider of wholesale vehicle auctions and the largest provider of used vehicle dealer floorplan financing. The company's holdings include 53 ADESA used vehicle auctions, 28 Impact salvage vehicle auctions, and 80 AFC loan production offices across North America. For further information on ADESA, Inc. visit the company's Web site at http://www.adesainc.com/ . The statements contained in this release and statements that ADESA may make orally in connection with this release that are not historical facts are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. The forward-looking statements involve risks and uncertainties and investors are directed to the risk factors in documents filed by both ALLETE, Inc., ADESA, Inc.'s parent company, as well as in documents filed by ADESA, Inc. with the Securities and Exchange Commission. http://www.newscom.com/cgi-bin/prnh/20040708/DETH017LOGO DATASOURCE: ADESA, Inc. CONTACT: Media Contact: Beth King, APR, +1-317-249-4233, , or Investor Contact: Paul J. Lips, +1-317-815-1100, , both of ADESA, Inc. Web site: http://www.adesainc.com/ http://www.allete.com/

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