CARMEL, IN – ADESA, Inc. announced that during the fourth quarter of 2004, the company repurchased 1.18 million additional shares on the open market at an average price of $20.02 per share. Previously, on Oct. 24, 2004, ADESA announced that it had repurchased 3.2 million shares from certain employee benefit plans of ALLETE, Inc., its former parent company. In total, the company repurchased 4.38 million shares during the fourth quarter of 2004 at a cost of $86.7 million.

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