MAM Maine & Maritimes Corp.

The Board of Directors of Maine & Maritimes Corporation (NYSE Amex: MAM) voted September 18, 2009, to approve a dividend of $0.05 per share for the fourth quarter of 2009. The dividend is payable October 22, 2009, to all shareholders of record as of October 1, 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