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SEMCO ENERGY Declares Cumulative Preferred and Common Stock Dividends

PORT HURON, Mich., Oct. 8 /PRNewswire/ -- The Board of Directors has declared dividends on the outstanding stock of SEMCO ENERGY, Inc., (Nasdaq: SMGS) as follows:

Quarterly dividend No. 80 of $.578125 per share on the outstanding $2.3125, Series A, Convertible Cumulative Preferred Stock of this Corporation.

Quarterly dividend No. 85 of $.20 per share on the Common Stock of this Corporation.

Both dividends are payable on the 15th day of November 1998, to shareholders of record at the close of business on November 5, 1998.

SEMCO ENERGY is an energy-focused holding company with three subsidiaries: SEMCO ENERGY GAS COMPANY, a regulated natural gas distribution company with approximately 240,000 customers in Michigan; SEMCO ENERGY SERVICES, an unregulated marketer of natural gas and related services; and SEMCO ENERGY VENTURES, which operates and acquires companies involved in natural gas construction, energy engineering and propane operations.
SOURCE SEMCO ENERGY, Inc.
CONTACT: Edric R. Mason Jr. of SEMCO ENERGY, 810-989-4104, or fax, 810-989-4098

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SEMCO Energy's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

 
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