TransAlta declares dividend

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Thu Oct 23, 2008 4:41pm EDT 

  CALGARY, ALBERTA, Oct 23 (MARKET WIRE) -- 
TransAlta Corporation (TSX: TA) (NYSE: TAC) today announced its Board of
Directors has declared a dividend of $0.27 per share on common shares
payable Jan. 1, 2009 to shareholders of record at the close of business
Dec. 1, 2008.

    All currency is expressed in Canadian dollars except where noted.

    TransAlta is a power generation and wholesale marketing company focused
on creating long-term shareholder value. We maintain a low-risk profile
by operating a highly contracted portfolio of assets in Canada, the
United States and Australia. Our focus is to efficiently operate our
coal-fired, gas-fired, hydro and renewable facilities in order to provide
our customers with a reliable, low-cost source of power. For nearly 100
years, we've been a responsible operator and a proud contributor to the
communities where we work and live.

Contacts:
TransAlta Corporation - Media inquiries:
Michael Lawrence
Manager, External Relations
(403) 267-7330
Email: michael_lawrence@transalta.com

TransAlta Corporation - Investor inquiries:
Jess Nieukerk
Manager, Investor Relations
(403) 267-3607 or 1-800-387-3598 in Canada and U.S.
Email: investor_relations@transalta.com
Website: www.transalta.com

Copyright 2008, Market Wire, All rights reserved.

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