TransAlta declares dividends

Mon Jan 28, 2013 4:27pm EST

* Reuters is not responsible for the content in this press release.

  CALGARY, ALBERTA, Jan 28 (MARKET WIRE) --
The Board of Directors of TransAlta Corporation (TSX:TA) (NYSE:TAC) today
declared a quarterly dividend of $0.29 per share on common shares payable
on April 1, 2013 to shareholders of record at the close of business March
1, 2013.

    The Board of Directors of TransAlta Corporation also declared a quarterly
dividend of $0.2875 per share on TransAlta's issued and outstanding
Cumulative Redeemable Rate Reset First Preferred Shares, Series A,
payable on March 31, 2013 to shareholders of record at the close of
business March 1, 2013.

    The Board of Directors of TransAlta Corporation also declared a quarterly
dividend of $0.2875 per share on TransAlta's issued and outstanding
Cumulative Redeemable Rate Reset First Preferred Shares, Series C,
payable on March 31, 2013 to shareholders of record at the close of
business March 1, 2013.

    The Board of Directors of TransAlta Corporation also declared a quarterly
dividend of $0.3125 per share on TransAlta's issued and outstanding
Cumulative Redeemable Rate Reset First Preferred Shares, Series E,
payable on March 31, 2013 to shareholders of record at the close of
business March 1, 2013.

    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. TransAlta maintains a
low-to-moderate risk profile by operating a highly contracted portfolio
of assets in Canada, the United States and Australia. TransAlta's focus
is to efficiently operate geothermal, wind, hydro, natural gas and coal
facilities in order to provide customers with a reliable, low-cost source
of power. For over 100 years, TransAlta has been a responsible operator
and a proud contributor to the communities in which it works and lives.
TransAlta has been selected by Jantzi-Sustainalytics as one of Canada's
Top 50 Socially Responsible Companies since 2009 and is recognized
globally for its leadership on sustainability and corporate
responsibility standards by FTSE4Good. TransAlta is Canada's largest
investor-owned renewable energy provider.

Contacts:
TransAlta Corporation - Investor inquiries:
Jess Nieukerk
Director, Investor Relations
1-800-387-3598 in Canada and U.S.
investor_relations@transalta.com

TransAlta Corporation - Media inquiries:
Stacey Hatcher
Senior Corporate Relations Advisor
Cell: 587-216 2242 or Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540

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