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MAM Board of Directors Declares Quarterly Dividend on Common Stock

First Quarter 2010 Dividend Set at $0.05 per Share

PRESQUE ISLE, ME, Dec 04, 2009 (MARKETWIRE via COMTEX News Network) -- The Board of Directors of Maine & Maritimes Corporation (NYSE Amex: MAM) voted December 4, 2009, to approve a dividend of $0.05 per share for the first quarter of 2010. The dividend is payable January 14, 2010, to shareholders of record on December 17, 2009.

About Maine & Maritimes Corporation: Maine & Maritimes Corporation (NYSE Amex: MAM) is the parent company of Maine Public Service Company, a regulated electric transmission and distribution utility serving approximately 36,000 electricity customer accounts in Northern Maine. MAM is also the parent company of MAM Utility Services Group, an unregulated corporation that provides electrical services including transmission line and substation design and construction. Corporate headquarters are located in Presque Isle, Maine, and the corporate website is www.maineandmaritimes.com.

MAM-D = Dividend Release

For More Information Contact:
Virginia R. Joles
Director of Communications, Board Relations, and Economic Development
Tel:  207-760-2418
Email: Email Contact

SOURCE: Maine & Maritimes Corporation

http://www2.marketwire.com/mw/emailprcntct?id=A8E0ED6155683356

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