TransAlta declares dividend

CALGARY, ALBERTA, Oct 29 (MARKET WIRE) --
TransAlta Corporation (TSX: TA) (NYSE: TAC) today announced its Board of
Directors has declared a dividend of $0.29 per share on common shares
payable January 1, 2010 to shareholders of record at the close of
business December 1, 2009.

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-to-moderate
risk profile by operating a highly contracted portfolio of assets in
Canada, the United States and Australia. Our focus is to efficiently
operate our biomass, geothermal, wind, hydro, natural gas and coal
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.
TransAlta is recognized for its leadership on sustainability by the Dow
Jones Sustainability North America Index, the FTSE4Good Index and the
Jantzi Social Index.

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

TransAlta Corporation - Investor inquiries
Jess Nieukerk
Manager, Investor Relations
(403) 267-3607
investor_relations@transalta.com
www.transalta.com

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