Doyon Shareholders Honored at AFN

December 2016 Volume 47, No. 12 DOYON,Limited Doyon Shareholders Honored at AFN The 2016 Alaska Federation of Natives (AFN) convention took place October 20 through 22 in Fairbanks, Alaska. Established in 1966, AFN celebrated its 50-year anniversary at the 2016 convention. In reflection of this milestone, AFN selected Refresh, Reflect, Renew as the theme of the 2016 convention. In an appropriate representation of this theme, the keynotes who took the stage Thursday afternoon were distinguished leader, Emil Notti, the first president of AFN, and emerging leader, Megan Alvanna-Stimpfle, Chief of the King Island Native Community. In addition to serving as AFN s first president, Notti, a Doyon, Limited shareholder, has previously served as Doyon president, board member and chairman. While serving as AFN president, Notti was instrumental in organizing the first convening of Alaska Natives from all regions of Alaska. continued on page 7 During AFN week, Doyon held a luncheon to celebrate Emil Notti s achievements. Present at the luncheon were Doyon board members, organizational leaders and state dignitaries, including Gov. Bill Walker, Lt. Gov. Byron Mallott, Chief Trimble Gilbert, Chief Nancy James, and Fairbanks Mayor John Eberhart. A Dynamic Force Save the Date for 2017 Annual Meeting The theme of Doyon, Limited s 2017 annual meeting is A Dynamic Force. The annual meeting of shareholders will take place on Friday, March 17, 2017, at the Westmark Fairbanks Hotel at 813 Noble St. in Fairbanks, Alaska. At the meeting, five directors will be elected to serve threeyear terms on the Doyon board. Current directors whose terms expire at the March 2017 annual meeting include Georgianna Lincoln, Esther McCarty, Victor Nicholas, Pollock Simon, Jr. and Orie G. Williams. More information regarding the board election is available on the Doyon website, www.doyon.com. The Doyon annual report and proxy materials will be mailed to all voting shareholders on January 24, 2017. Online voting via eproxy will be available starting January 25. Shareholders are encouraged to return their proxy by mail or online by the early bird deadline on Friday, February 17 at 5 p.m. AKST to be eligible to win prizes totaling $21,000. continued on page 3 2 Message to Shareholders 2 Dividends Distributed 3 Dialogue with Doyon 3 Christmas is for Kids 4 Holiday Artwork Contest 4 Records Department 5 Shareholder Spotlight: Jamie Nollner 5 In the Community 6 AGDC Appointment 6 Employee of the Month 7 Deadlines & Reminders 7 Job Opportunities 8 Calendar 8 Condolences doyon.com Doyon, Limited

Board of Directors Walter Wally Carlo Chair PJ Simon, Jr. Vice Chair Miranda Wright Treasurer Christopher Simon Secretary Jennifer Fate Erica Frankson Jerry Isaac Georgianna Lincoln Esther M. McCarty Victor Nicholas Brian Ridley Sonta Roach Orie G. Williams President & CEO Aaron M. Schutt Communications communications@doyon.com Message to Shareholders Dear Shareholders, Doyon is closing out our fiscal year 2016. Despite the weak oil field business environment in Alaska during the year, Doyon is expected to have the second strongest fiscal year in its history due to better than budgeted results from Doyon Drilling and Doyon Utilities. In addition, we issued our 30th consecutive shareholder dividend on December 6, in the amount of $5.99 per share or $599 per 100 shares. Details of Doyon s financial performance will be in the 2016 annual report, which will be mailed to shareholders on January 24. In November, shareholders were mailed a postcard informing them of Doyon s recent initiative to household mailed materials to help reduce costs. Householding means one copy of mailed items, such as newsletters, annual reports and proxy statements, will be mailed to a household unless a shareholder opts out. Items that will not be householded are proxy cards and dividend checks. Questions about householding can be directed to shareholder records at 1-888-478-4755 ext. 2040. To opt out of householding, please fill out the form at www.doyon.com/forms. I would like to thank all of our shareholders who made it to the polls in November, and I m very proud of Doyon s participation in the Get Out the Native Vote. Doyon is very pleased that Alaska voters agreed to pass Ballot Measure 1, which will increase access to the polls across our state by making sure each and every eligible voter is registered and ready to vote on Election Day. I understand that this year s election was a long road and somewhat divisive. I encourage you to stay engaged as we move forward with our elected leadership. As we close 2016, I want to thank employees throughout the Doyon Family of Companies for their service and dedication. Without them, Doyon would not have the success we have today. From my family to yours, may the spirit of the holidays be with you throughout the New Year. Respectfully, Aaron M. Schutt President and CEO Doyon, Limited 1 Doyon Place, Suite 300 Fairbanks, Alaska 99701-2941 Phone 907-459-2000 Fax 907-459-2060 Toll-Free 1-888-478-4755 www.doyon.com Follow us on social media for up-to-date Doyon, Limited news and events. Shareholders Receive Dividend of $5.99 per Share Doyon, Limited shareholders received a dividend of $5.99 per share, or $599 per 100 shares, on December 6, 2016. Dividends were either mailed to valid addresses on file or deposited into the bank accounts of shareholders who signed up for direct deposit. The deadline to sign up for direct deposit was November 8, and the deadline for address updates and Class C enrollment applications for the 2016 dividend was November 21. All shareholders with a bad address on file with Doyon WILL NOT receive a dividend until an updated address has been received. This includes shareholders who December 2016 already have direct deposit information on file. Please note that address updates can only be made by contacting the records department directly. Updates will not be accepted through program applications, the Doyon Talent Bank or otherwise. A current list of shareholders with bad addresses on file can be found on the Doyon website, www.doyon.com. Please visit www.doyon.com for frequently asked questions regarding the shareholder dividend disbursement. Shareholders with questions or those who did not receive their dividend because of a bad address should contact shareholder records at 459-2040 (in Fairbanks), 1-888-478-4755 (toll-free) or records@doyon.com.

Shareholder News 2016 Dialogue with Doyon Update The Dialogue with Doyon visits to the villages just wrapped up for 2016. Doyon, Limited staff and board members visited Allakaket, Koyukuk and Tanana in October and Beaver in November. Dialogue with Doyon is an opportunity for community members to spend time with staff and board members, ask questions, and share comments and concerns. Often, staff from shareholder outreach, lands, records and human resources can be found in attendance. The meetings are also a time for Doyon to gain an understanding of the topics that are important to shareholders, while sharing updates and information about Doyon. Board members and staff make presentations on the Alaska Native Claims Settlement Act and its impact on Doyon, important things to know about the records department, and Doyon FY 2015 highlights. In addition to the presentations, there are $50 cash giveaways for shareholders present at the meeting. Dialogue with Doyon will continue in Anchorage on January 20, 2017, and conclude in Seattle on January 28, 2017. For more information, please contact shareholder outreach at 459-2127 (in Fairbanks), 1-888-478-4755 (toll-free) or outreach@doyon.com. Christmas is for Kids in the Works for Holiday Season rural areas of the Doyon, Limited region receive gifts for local children during the holidays. This year, the program will send gifts to children in the communities of Allakaket, Grayling and Northway. The villages selected and the number of villages receiving gifts varies from year to year depending on the number of children in selected villages, costs and donations. The selected communities provide the Doyon Facilities team with a list of local children, and gifts are personally chosen for each child based on age and gender. As the cost of goods and shipping continues to increase, this is just one way that Doyon and the community can give back to shareholders and celebrate the holiday spirit. Travis Charlie, one of Santa s elves, prepares fry bread tacos at last year s fundraiser benefiting Christmas is for Kids. The annual Christmas is for Kids program planning is well underway! Christmas is for Kids is a program supported by donations and volunteers, and coordinated by the Doyon Facilities department. Every year, a number of villages in 2017 Annual Meeting continued from page 1 Shareholder of the Year awards will also be presented at the 2017 annual meeting. The Doyon board of directors reviewed nominations and made their selections at the November board meeting in Fairbanks. To fundraise for the program this year, the Doyon Facilities team sold fry bread tacos at the Tanana Chiefs Conference arts and crafts fair on November 18, and fundraised at the Doyon Holiday Bazaar on December 1 and 2. Doyon employees donate their time to wrap gifts for the annual program and local airlines often donate shipping costs. To make a donation or get involved as a volunteer, please contact Doyon Facilities at 459-2100 (in Fairbanks), 1-888-478-4755 (toll-free) or facilitiesdepartment@doyon.com. For additional updates about the 2017 annual meeting, visit Doyon s annual meeting webpage at www.doyon.com, or watch the Doyon newsletter and social media. doyon.com 3

Doyon, Limited Congratulations 2016 Holiday Artwork Contest Winners Doyon, Limited is pleased to announce the winners of the 2016 holiday artwork contest. First-place winner, Lena Layland, will have her artwork displayed on Doyon s 2016 shareholder holiday card. She also received a 32 GB ipad mini 2, personalized with her name engraved. Second-place winner, Alex Holt, received a $50 VISA gift card and new art supplies. Third-place winner, Olivia Boyles, received new art supplies. The holiday artwork contest was open to Doyon shareholders and shareholder direct descendants between the ages of 5 17. Submissions were sought via the Doyon shareholder newsletters and Facebook announcements. Doyon thanks all of the young artists who participated in this year s contest, and reminds shareholders to watch for the 2016 holiday card, arriving in mailboxes soon! First place Lena Layland, 10, from Cantwell, Alaska Second place Alex Holt, 11, from Melbourne, Florida Third place Olivia Boyles, 8, from Fairbanks, Alaska Records Department is One-Stop-Shop for Shareholders Address Updates, Direct Deposit, New Enrollments and Stock Wills The Doyon, Limited records department is pleased to be the one-stop-shop for shareholders needing to update an address, apply for direct deposit, enroll children as Class C shareholders, or complete a stock will. Address updates. Shareholders who have changes to their phone, email or mailing address are asked to contact the Doyon records department immediately at 459-2040 (in Fairbanks), 1-888-478-4755 (toll-free) or records@doyon.com. Please note that shareholders with a bad address on file with Doyon will not receive their 2016 dividend until an updated address has been received. Current contact information is important throughout the year as it enables shareholders to receive dividends and distributions, tax forms, newsletters, information on the annual meeting and board election, and other Doyon notices in a timely manner. In addition to a valid mailing address, shareholders are strongly encouraged to provide an email address to receive the e-newsletter and annual meeting reminders from Doyon. Shareholders should also update their mailing address with the United States Postal Service at www.usps.com. Direct deposit. Direct deposit is the fastest, easiest and 4 December 2016 most secure method to receive Doyon dividends. While the deadline to sign up for direct deposit of the 2016 dividend has passed, shareholders are strongly encouraged to sign up for direct deposit of future dividends. The direct deposit application is available on the Doyon website, www.doyon.com, or by contacting shareholder records. Class C enrollments. Shareholders wishing to enroll their children as Class C shareholders must submit an original birth certificate, proof of eligibility, and a Class C application form. The child must meet the following eligibility requirements: Be a child of an original* Doyon Class A, B, C or D shareholder; and Have one-quarter or more Alaska Native blood quantum; and Be born after December 18, 1971. * An original shareholder is a shareholder who has received their shares directly from Doyon, not through gifting or inheriting. More information on enrollment can be found on the Doyon enrollment webpage at www.doyon.com. Stock wills. The Doyon records department will be continuing its stock will drive through March 30, 2017. Each continued on page 6

Shareholder News Shareholder Spotlight: Jamie Nollner Doyon, Limited shareholder Jamie Nollner is exceptional, not only in her personal life, but in building her career. Nollner is the daughter of the late Judi Nollner and Wayne Huntington of Galena. She is the granddaughter of Margaret Nollner of Kokrines, the late Gabriel Nollner, Sr. of Louden, the late Flora Elliott of Huslia, and the late Jimmy Huntington of Hog River. Nollner noted that she was very blessed to be raised by her maternal grandparents in the village of Galena. Her fondest memories were of being out in nature, staying at camp, and picking berries with her family. Berry picking, she claimed, is the only cultural thing she does well. Doyon in the Community Doyon was pleased to be involved with several important community events this past month. Doyon executives Geri Simon and Charlene Ostbloom take part in fundraising for local radio station KRFF 89.1 FM, also known as the Voice of Denali. While still in high school, Nollner began working for Gana-a Yoo, Limited as a resource assistant. This is where she first learned about computerized mapping. Nollner s mapping skills would later play a role in her being selected for an internship with Doyon, Limited. Later hired as a full-time employee in Doyon s lands and natural resources department, Nollner stayed with the company for 10 years, gaining valuable career knowledge and experience. In her position with the lands department, Nollner helped manage over 12.5 million acres of land, worked as a liaison between the Department of Defense and Native interests, and helped educate the general public about privately owned Native lands. Doyon is what ties the Athabascan people and our land together. It is a physical manifestation of our bond, Nollner said. Nollner is also a graduate of the Doyon Management Training program, now known as Doyon Leadership Training. Of her training experience, Nollner exclaimed, My life improved exponentially and my career became supercharged! In the program she envisioned herself being in a faraway place, in front of computer screens, and coordinating work with people in the field. She set her intention and took an enormous leap of faith by chasing her dreams to Texas. She explained that she trusted that this was the Creator s plan and that everything would work out as it was meant to. In Texas, she ended up obtaining the job that she envisioned (thanks in part to her mapping ability). Get Out the Native Vote Interior hosted a candidate mixer for the community at the Chief David Salmon Tribal Hall in Fairbanks on November 4. Indigenous artist duo Mike Bone also attended the mixer before their performance, which followed the event. Doyon Facilities held a fry bread taco sale at the Tanana Chiefs Conference arts and crafts fair at the Chief David Salmon Tribal Hall in Fairbanks on November 18. The sale was a fundraiser for the Christmas is for Kids holiday program. When your work allows you a lifestyle that you could only continued on page 6 doyon.com 5

Doyon, Limited Doyon Associated, LLC President Appointed to AGDC Board In September 2016, Alaska Gov. Bill Walker announced the appointment of Doyon Associated, LLC President Warren Christian to the Alaska Gas Development Corporation (AGDC) board. Christian replaces former Fairbanks North Star Borough Mayor Luke Hopkins, who resigned from the position to run for a state Senate seat. Christian joins the AGDC board with over 30 years of experience working in pipeline construction and oil field services on the North Slope as well as in Fairbanks, where he oversees Doyon Associated pipeline projects and operations. According to its website, the AGDC is an independent, public corporation of the state of Alaska. The corporation s purpose is to maximize the benefit of Alaska s vast North Slope natural gas resource through the development of infrastructure necessary to move the gas into local and international markets. It s an honor to serve the state of Alaska as a board member of AGDC, Christian said. I look forward to working with the team that has been tasked to bring Alaska s natural gas to market and to Alaskans. This is a very large and challenging project, definitely a game changer for the state, that will bring many jobs to Alaskans and opportunities for Alaska businesses. More information about the AGDC can be found at https://agdc.us. Doyon, Limited Announces November Employee of the Month Doyon, Limited s risk management analyst, Maria Amer, was recently named employee of the month for November. Amer is responsible for claims management for several Doyon subsidiaries and assists with claims management for Doyon, Limited. She is also responsible for managing certificates of insurance, which insures that Doyon contractors maintain adequate levels of insurance while performing work for the company. Amer was nominated by her supervisor for her instrumental work in promulgating policies and procedures for Doyon s new subsidiary, Northern Laundry Services, LLC (NLS). In addition to her normal position requirements, Amer has taken on exemplary duties to build relationships and create processes that will assist NLS in providing efficient services in day-to-day affairs. Her strong background in OSHA compliance ensures that we, as a company, remain compliant and are always meeting all regulations all this while maintaining an incredibly sunny disposition and service attitude. I cannot stress enough how lucky we are to have her on our team and anticipate a continued exemplary service record, said Bruce Miller, Amer s supervisor and Doyon s senior risk management analyst. Records Department continued from page 4 quarter, Doyon will award one $300 cash prize, one $200 cash prize, and five $100 cash prizes. The first drawings were held June 30 and September 30, and upcoming drawings will take place December 30, 2016, and March 30, 2017. Shareholders who have not completed a stock will, or who would like to update their existing stock will, should contact the Doyon records department. All shareholders with a valid stock will and mailing address on file will automatically be entered into the quarterly cash prize drawing. For more information, or assistance with address updates, direct deposit, new enrollments, or stock wills, contact the Doyon records department at 459-2040 (in Fairbanks), 1-888-478-4755 (toll-free) or records@doyon.com. Shareholder Spotlight continued from page 5 dream of as a child that s when you know how blessed you truly are, she said. Envisioning is very important to manifesting your dreams. You must envision something and set an intention to go after it. You can be the biggest dreamer out there, but if you don t set that intention your dreams have nowhere to go. You must also believe you can do something and love yourself enough to get it, Nollner said. Her advice to youth, Walk to the beat of your own drum, be grateful, have fun, dream big, and set those intentions! Nollner recently relocated to Anchorage and now works for ConocoPhillips Alaska in their exploration land department. She loves being so close to family again and is enjoying her adventures. 6 December 2016

Shareholder News Upcoming Deadlines and Reminders Please be aware of the upcoming deadlines for the following Doyon, Limited shareholder opportunities: December 30, 2016, at 5 p.m. AKST Military Appreciation Book Submissions Due Doyon shareholders who are active duty, reservist or veteran status are invited to submit their name and photo to be included in an upcoming edition of the Doyon Military Appreciation Book. For more information, visit www.doyon.com or contact shareholder outreach at 907-459-2127 or outreach@doyon.com. January 6, 2017, at 5 p.m. AKST Daaga Award Applications Due Individuals and organizations with projects that promote healthy and sober Alaska Native communities are invited to apply for a 2016 2017 Daaga Award from Doyon. For more information, visit www.doyon.com or contact shareholder outreach at 907-459-2127 or outreach@doyon.com. AFN continued from page 1 He was also a great force behind the land claims movement that eventually passed as the Alaska Native Claims Settlement Act (ANCSA) in 1971. In his 2016 AFN keynote, Notti reflected on the work required to pass the land claims settlement and the experiences he had with those in opposition. Notti closed his speech with a call to action for the next generation. To the young people, stay involved not only in the corporations but the problems facing Alaska. It is your future, you should be heard, you should influence policy and reflect your values, stated Notti. It was my privilege to lead AFN for the first five years. Shirley Lee accepts her AFN Woman of Courage award. On the last day of the convention, Doyon shareholders Shirley Lee and Rampart s First Chief Floyd Green were named 2016 AFN President s Awardees. Along with five others from various regions, Lee and Green were recognized by AFN for their contributions to Alaska and their communities. Lee was named the Hannah Paul Solomon Woman of Courage, an award that recognizes an Alaska Native woman who demonstrates through her life and work the strengths of Native cultures and values. As one of only a few ordained Native female priests of the Episcopal Church, Lee was First Chief Floyd Green accepts his AFN President's Award. awarded for her work devoted to providing Alaska Native male inmate guidance and support for reentry into society, as well as her deep involvement in the movement to free the Fairbanks Four. In addition, Lee serves on the Fairbanks Diversity Council and, for the past 35 years, on the Evansville, Incorporated board of directors. She also advocated for Housing First; since established in 2012, Housing First has helped many lead sober, healthy lives. Green was honored with the Small Business President s Award, which recognizes a business owner or manager who has demonstrated success in business and has improved economic opportunities for Alaska Natives. Green was recognized for his work in rebuilding the community of Rampart through his work as First Chief. After elected Chief at age 21, Green reopened the Rampart school and hired a permanent health aide after 15 years of vacancy. He also encouraged growth from a population of eight to over 40, created an additional eight jobs in the community, built a new home and, with his team, created the village s first five-year community plan. More information about the 2016 AFN convention can be found at www.nativefederation.org. Current Job Opportunities with Doyon To view current job openings within the Doyon Family of Companies, visit www.doyon.com. Applicants must create or update a Talent Bank profile to apply to an open position. For questions regarding the Talent Bank profile, please contact shareholder outreach at 459-2127 (in Fairbanks), 1-888-478-4755 (toll-free) or outreach@doyon.com. doyon.com 7

Condolences The Doyon, Limited board of directors and staff extend their sincere condolences to the families and friends of the following shareholders who have recently passed away: 1 Doyon Place, Suite 300 Fairbanks, Alaska 99701-2941 Presorted First-Class Mail US Postage PAID Anchorage, AK Permit #537 Marie Ainbinder, 73, Young Harris, GA Eleanor Bryant, 76, Galena, AK Zen Carroll, 1, North Pole, AK Christina L. Connelly, 69, Hood River, OR Elsie A. Crumbley, 92, Noorvik, AK Marlene S. Fortner, 59, Dot Lake, AK Karen L. Gurtler, 61, Columbus, OH Marion E. Huntington, 78, Koyukuk, AK Angel C. Joseph, 27, Fairbanks, AK Addie M. La Celle, 65, Fort Yukon, AK Clifton G. Lord, 54, Venetie, AK Ruth K. Macchione, 87, Tanana, AK Walter H. Maillelle, 55, Anchorage, AK Karon A. McArdle, 58, Kaltag, AK George S. Moses, 65, Old Crow, YT Richard J. Mullen, Jr., 86, Reno, NV Sophie Nickolie, 76, Anchorage, AK Shelley A. Parker, 59, Fairbanks, AK Betty Petruska, 70, Nikolai, AK Cynthia M. Pilot, 55, Koyukuk, AK Louis P. Simpson, Jr., 87, Sitka, AK Michael J. Snowberger, 65, Philadelphia, PA Dianna L. Sorenson, 53, Fort Dodge, IA Eleanor R. Thurmond, 82, Ruby/Galena, AK Franklin D. Thurmond, 78, Galena, AK Joel W. Titus, 40, Minto, AK Joshua S. Titus, 31, Nenana, AK Harold W. Walker, 31, Holy Cross, AK Stanley M. Walker, 43, Grayling, AK Clifford M. Willock, 65, Fairbanks, AK Harry H. Wrase, Jr., 48, McGrath, AK December 2016 December 26 Doyon Offices Closed, In Observance of Christmas Day 27 Doyon Offices Closed, In Observance of Veteran s Day 30 Doyon Military Appreciation Book Submission Deadline January 2 Doyon Offices Closed, In Observance of New Year s Day 6 Dagga Awards Proposal Deadline 20 Dialogue with Doyon Anchorage, 6 8 p.m., Sheraton Anchorage Hotel, 401 E. 6th Ave., Anchorage, AK 24 Annual Report and Proxy Materials Mailed, To voting shareholders for 2017 annual meeting and board election 25 eproxy System Opens, For online voting in the Doyon board of directors election. See instructions included in January 24 mailing. 28 Dialogue with Doyon Seattle, 11 a.m. 2 p.m., Seattle Airport Marriott, 3201 S. 176th Street, Seattle, WA