<SEC-DOCUMENT>0001104659-24-027036.txt : 20240223
<SEC-HEADER>0001104659-24-027036.hdr.sgml : 20240223
<ACCEPTANCE-DATETIME>20240223161945
ACCESSION NUMBER:		0001104659-24-027036
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20240223
DATE AS OF CHANGE:		20240223
EFFECTIVENESS DATE:		20240223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MDU RESOURCES GROUP INC
		CENTRAL INDEX KEY:			0000067716
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				301133956
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-277317
		FILM NUMBER:		24671497

	BUSINESS ADDRESS:	
		STREET 1:		1200 WEST CENTURY AVENUE
		CITY:			BISMARCK
		STATE:			ND
		ZIP:			58503
		BUSINESS PHONE:		701-530-1000

	MAIL ADDRESS:	
		STREET 1:		1200 WEST CENTURY AVENUE
		CITY:			BISMARCK
		STATE:			ND
		ZIP:			58503

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MONTANA DAKOTA UTILITIES CO
		DATE OF NAME CHANGE:	19850429
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>tm246822d1_s8.htm
<DESCRIPTION>FORM S-8
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange Commission
on February&nbsp;23, 2024</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;S-8&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MDU RESOURCES GROUP,&nbsp;INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 49%; padding: 0.25pt; font-size: 10pt; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 49%; padding: 0.25pt; font-size: 10pt; text-align: center"><B>30-1133956</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center">(State or other jurisdiction of incorporation or <BR>
organization)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center">(I.R.S. Employer Identification No)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 49%; padding: 0.25pt; font-size: 10pt; text-align: center"><B>1200 West Century Avenue</B></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 49%; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>P.O.&nbsp;Box 5650</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>Bismarck, North Dakota</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>58506-5650</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center">(Zip Code)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MDU RESOURCES GROUP,&nbsp;INC. 401(k)&nbsp;RETIREMENT
PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Full title of the plan)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 49%; padding: 0.25pt; font-size: 10pt; text-align: center"><B>Nicole A. Kivisto</B></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 49%; padding: 0.25pt; font-size: 10pt; text-align: center"><B>Jason L. Vollmer</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>President and Chief Executive Officer</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>Vice President, Chief Financial Officer and Treasurer</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>MDU Resources Group,&nbsp;Inc.</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>MDU Resources Group,&nbsp;Inc.</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>1200 West Century Avenue</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>1200 West Century Avenue</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>P.O.&nbsp;Box 5650</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>P.O.&nbsp;Box 5650</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>Bismarck, North Dakota 58506-5650</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><B>Bismarck, North Dakota 58506-5650</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0.25pt; font-size: 10pt; text-align: center">(Name and address of agent for service)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(701) 530-1000&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Telephone number, including area code, of agent
for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Copy to:&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Jason Day&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Jonathan S. Schulman&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Perkins Coie LLP&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">1900 Sixteenth Street, Suite&nbsp;1400&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Denver, Colorado 80202&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(303) 291-2300</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of
 &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo; and &ldquo;emerging growth
company&rdquo; in Rule&nbsp;12b-2 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 69%; padding: 0.25pt 0.25pt 0.25pt 0.25in; font-size: 10pt">Large accelerated filer <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 30%; padding: 0.25pt; font-size: 10pt">Accelerated filer <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 0.25pt 0.25pt 0.25in; font-size: 10pt">Non-accelerated filer <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Smaller reporting company <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Emerging growth company <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to
Section&nbsp;7(a)(2)(B)&nbsp;of the Securities Act. <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">MDU Resources Group,&nbsp;Inc. (the &ldquo;Registrant&rdquo;)
previously filed (i) a Registration Statement on Form S-8 (File No. 333-198364) (the "First Prior Registration Statement"), pertaining to the registration
of 3,500,000 shares of common stock, par value $1.00 per share (the &ldquo;Common Stock&rdquo;), issuable under the MDU Resources Group,
Inc. 401(k) Retirement Plan (the &ldquo;Plan&rdquo;), (ii) a Registration Statement on Form S-8 (File No. 333-212635), as amended by Post-Effective
Amendment No. 1 thereto (as so amended, the "Second Prior Registration Statement&rdquo;), pertaining to the registration of 4,500,000
shares of Common Stock issuable under the Plan, and (iii) a Registration Statement on Form S-8 (File No. 333-234760) (the &ldquo;Third
Prior Registration Statement&rdquo;, and, together with the First Prior Registration Statement and the Second Prior Registration Statement,
the &ldquo;Prior Registration Statements&rdquo;), pertaining to the registration of 5,000,000 shares of Common Stock issuable under the
Plan. The Registrant hereby incorporates by reference the contents of the Prior Registration Statements to the extent not otherwise amended
or superseded by the contents of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Registration Statement is being filed pursuant
to General Instruction E of Form&nbsp;S-8 to register under the Securities Act of 1933, as amended, the offer and sale of an additional
5,000,000 shares of Common Stock pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3. Incorporation of Documents by Reference.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following documents filed by the Registrant
or the MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
are incorporated by reference herein as of their respective dates of filing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD><A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/67716/000006771624000017/mdu-20231231.htm" STYLE="-sec-extract: exhibit">The Registrant&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2023, filed with the Commission on February&nbsp;22, 2024.</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771623000080/a2022form11-k.htm" STYLE="-sec-extract: exhibit">The MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan&rsquo;s Annual <U>Report on Form&nbsp;11-K for the year ended December&nbsp;31, 2022</U>, filed with the Commission on June&nbsp;21, 2023.</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The Registrant&rsquo;s Current Report on Form&nbsp;8-K (except for the portions which were furnished rather than filed), filed with
the Commission on <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/67716/000006771624000013/mdu-20240215.htm" STYLE="-sec-extract: exhibit">February 21, 2024</A>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The description of the Registrant&rsquo;s Common Stock contained in Exhibit&nbsp;99(b)&nbsp;to its <A HREF="https://www.sec.gov/Archives/edgar/data/67716/000110465919000026/a18-41510_68k12b.htm" STYLE="-sec-extract: exhibit">Current Report on Form&nbsp;8-K12B, filed with the Commission on January&nbsp;2, 2019</A>, including any amendments or reports filed for the purpose of updating such description
(including <A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771620000010/a2019ex4g.htm" STYLE="-sec-extract: exhibit">Exhibit&nbsp;4(g)</A>&nbsp;to the registrant&rsquo;s Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31,
2019, filed with the Commission on February&nbsp;21, 2020.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All documents filed by the Registrant or the MDU
Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan pursuant to Sections 13(a), 13(c), 14 and 15(d)&nbsp;of the Securities Exchange
Act of 1934, as amended, after the date of this registration statement, and prior to the filing of a post-effective amendment which indicates
that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated
by reference in this registration statement and to be a part hereof from the date of filing of such documents, except as to any portion
of any future annual or quarterly report to stockholders or document or information deemed to have been furnished and not filed in accordance
with the rules&nbsp;of the Commission shall not be deemed incorporated by reference in this registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any statement contained in a document incorporated
by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies
or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8. Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 88%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(a)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/67716/000006771619000045/ex32-amendedandrestatedcer.htm" STYLE="-sec-extract: exhibit">Amended and Restated Certificate of Incorporation of MDU Resources Group,&nbsp;Inc., filed as Exhibit&nbsp;3.2 to the Registrant&rsquo;s Current Report on Form&nbsp;8-K, filed on May&nbsp;8, 2019 (File No.&nbsp;001-03480).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(b)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/67716/000006771619000010/exhibit31-2019amendedbylaws.htm" STYLE="-sec-extract: exhibit">Amended and Restated Bylaws of MDU Resources Group,&nbsp;Inc., filed as Exhibit&nbsp;3.1 to the Registrant&rsquo;s Current Report on Form&nbsp;8-K, filed on February&nbsp;15, 2019 (File No.&nbsp;001-03480).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(c)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771620000027/a2020q1ex10a.htm" STYLE="-sec-extract: exhibit">MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as restated April&nbsp;1, 2020, filed as Exhibit&nbsp;10(a)&nbsp;to the Registrant&rsquo;s Quarterly Report on Form&nbsp;10-Q for the quarter ended March&nbsp;31, 2020, filed on May&nbsp;8, 2020 (File No.&nbsp;001-03480).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(d)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771621000007/a2020ex10u.htm" STYLE="-sec-extract: exhibit">First Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended December&nbsp;17, 2020, filed as Exhibit&nbsp;10(u)&nbsp;to the Registrant&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2020, filed on February&nbsp;19, 2021 (File No.&nbsp;001-03480).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(e)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771621000026/a2021ex10a.htm" STYLE="-sec-extract: exhibit">Second Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended January&nbsp;1, 2021, filed as Exhibit&nbsp;10(a)&nbsp;to the Registrant&rsquo;s Quarterly Report on Form&nbsp;10-Q for the quarter ended March&nbsp;31, 2021, filed on May&nbsp;6, 2021 (File No.&nbsp;001-03480).</A></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 3; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; width: 10%">*4(f)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; width: 88%"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771622000012/a2021ex10w.htm" STYLE="-sec-extract: exhibit">Third Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended January&nbsp;1, 2022, filed as Exhibit&nbsp;10(w)&nbsp;to the Registrant&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2021, filed on February&nbsp;23, 2022 (File No.&nbsp;001-03480).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(g)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771622000062/a2022ex10a.htm" STYLE="-sec-extract: exhibit">Fourth Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended August&nbsp;17, 2022, filed as Exhibit&nbsp;10(a)&nbsp;to the Registrant&rsquo;s Quarterly Report on Form&nbsp;10-Q for the quarter ended September&nbsp;30, 2022, filed on November&nbsp;3, 2022 (File No.&nbsp;001-03480).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(h)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771623000017/a2023ex10w.htm" STYLE="-sec-extract: exhibit">Fifth Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended December&nbsp;28, 2022, filed as Exhibit&nbsp;10(w)&nbsp;to the Registrant&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2022, filed on February&nbsp;24, 2023 (File No.&nbsp;001-03480).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(i)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771624000017/a2023ex10ae.htm" STYLE="-sec-extract: exhibit">Sixth Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended May&nbsp;1, 2023, filed as Exhibit&nbsp;10(ae) to the Registrant&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2023, filed on February&nbsp;22, 2024 (File No.&nbsp;001-03480).<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(j)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771624000017/a2023ex10af.htm" STYLE="-sec-extract: exhibit">Seventh Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended August&nbsp;23, 2023, filed as Exhibit&nbsp;10(af) to the Registrant&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2023, filed on February&nbsp;22, 2024 (File No.&nbsp;001-03480).<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">*4(k)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/67716/000006771624000017/a2023ex10ag.htm" STYLE="-sec-extract: exhibit">Eighth Amendment to MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan, as amended January&nbsp;1, 2024, filed as Exhibit&nbsp;10(ag) to the Registrant&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2023, filed on February&nbsp;22, 2024 (File No.&nbsp;001-03480).<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">5(a)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm246822d1_ex5a.htm" STYLE="-sec-extract: exhibit">Opinion of Perkins Coie LLP.</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">23(a)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm246822d1_ex23a.htm" STYLE="-sec-extract: exhibit">Consent of Deloitte&nbsp;&amp; Touche LLP.</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">23(b)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm246822d1_ex23b.htm" STYLE="-sec-extract: exhibit">Consent of Baker Tilly US, LLP.</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">23(c)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm246822d1_ex5a.htm" STYLE="-sec-extract: exhibit">Consent of Perkins Coie LLP (included in Exhibit&nbsp;5(a)).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">24(a)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="#a_001">Power of Attorney (see signature page).</A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">107</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm246822d1_ex-filingfees.htm" STYLE="-sec-extract: exhibit">Filing Fee Table.</A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*Previously filed and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT>The Registrant will submit
or have submitted the MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan and any amendment thereto to the Internal Revenue Service
(the &ldquo;IRS&rdquo;) in a timely manner and have made or will make all changes required by the IRS in order to qualify the plan, as
amended, under Section&nbsp;401 of the Internal Revenue Code of 1986, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_001"></A>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this
Registration Statement on Form&nbsp;S-8 and has duly caused this Registration Statement on Form&nbsp;S-8 to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Bismarck, State of North Dakota on the 23<SUP>rd</SUP> day of February, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt; font-size: 10pt"><B>MDU RESOURCES GROUP,&nbsp;INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding: 0.25pt; font-size: 10pt">By:</TD>
    <TD STYLE="width: 47%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Nicole A. Kivisto</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Nicole A. Kivisto</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">President and Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each person whose signature appears below hereby
authorizes Nicole A. Kivisto, Jason L. Vollmer and Paul R. Sanderson, or any of them, as attorneys-in-fact, with full power of substitution,
to execute in the name and on the behalf of each person, individually and in each capacity stated below, and to file, any and all amendments
to this registration statement, including any and all post-effective amendments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement on Form&nbsp;S-8 has been signed by the following persons in the capacities and on the dates
indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Signature</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 40%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Nicole A. Kivisto</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">President, Chief Executive Officer and Director</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Nicole A. Kivisto</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Jason L. Vollmer</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Vice President, Chief Financial Officer and Treasurer</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Jason L. Vollmer</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Stephanie A. Sievert</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Vice President, Chief Accounting Officer and Controller</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Stephanie A. Sievert</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Dennis W. Johnson</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Chair of the Board</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Dennis W. Johnson</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Darrel T. Anderson</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Director</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Darrel T. Anderson</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ James H. Gemmel</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Director</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">James H. Gemmel</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0.25pt; font-size: 10pt">/s/ David L. Goodin</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Director</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">David L. Goodin</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Dale S. Rosenthal</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Director</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Dale S. Rosenthal</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Edward A. Ryan</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Director</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Edward A. Ryan</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ David M. Sparby</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Director</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">David M. Sparby</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Chenxi Wang</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Director</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">February&nbsp;23, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Chenxi Wang</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>The Plan</U>: Pursuant to the requirements of
the Securities Act of 1933, the MDU Resources Group,&nbsp;Inc. Employee Benefits Committee, which functions as the 401(k)&nbsp;Retirement
Plan Committee, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8
and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Bismarck, State of North Dakota on the 23<SUP>rd</SUP> day of February, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt; font-size: 10pt"><B>MDU RESOURCES GROUP,&nbsp;INC. 401(k)&nbsp;RETIREMENT PLAN</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding: 0.25pt; font-size: 10pt">By:</TD>
    <TD STYLE="width: 47%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt">/s/ Jason L. Vollmer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Jason L. Vollmer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Chairman, Employee Benefits Committee</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 6; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.(A)
<SEQUENCE>2
<FILENAME>tm246822d1_ex5a.htm
<DESCRIPTION>EXHIBIT 5.(A)
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt 0"><B>Exhibit 5(a)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: red">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: red"><IMG SRC="tm246822d1_ex5aimg01.jpg" ALT="" STYLE="height: 63px; width: 800px">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February&nbsp;23, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MDU Resources Group,&nbsp;Inc.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1200 West Century Avenue&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">P.O.&nbsp;Box 5650&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Bismarck, North Dakota 58506-5650</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="background-color: White; vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD><B>Registration Statement on Form&nbsp;S-8 of Shares of Common Stock, $1.00 par value per share, of MDU Resources Group,&nbsp;Inc.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have acted as counsel to MDU Resources Group,&nbsp;Inc., a Delaware
corporation (the &ldquo;<U>Company</U>&rdquo;), in connection with the preparation of a Registration Statement on Form&nbsp;S-8 (the &ldquo;<U>Registration
Statement</U>&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;<U>Act</U>&rdquo;), which the Company is filing with the
Securities and Exchange Commission with respect to up to an additional 5,000,000 shares of common stock, $1.00 par value per share (the
 &ldquo;<U>Shares</U>&rdquo;), which may be issued pursuant to the MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement Plan (the &ldquo;<U>Plan</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have examined the Registration Statement and such documents and
records of the Company as we have deemed necessary for the purpose of this opinion. In giving this opinion, we are assuming the authenticity
of all instruments presented to us as originals, the conformity with originals of all instruments presented to us as copies and the genuineness
of all signatures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based upon and subject to the foregoing, we are of the opinion that
any Shares that may be issued pursuant to the Plan, upon the due execution by the Company of any certificates representing the Shares,
the registration by its registrar of the Shares and the issuance thereof by the Company in accordance with the terms of the Plan, and
the receipt of consideration therefor in accordance with the terms of the Plan, will be legally issued, fully paid and non-assessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement. In giving such consent, we do not admit that we are in the category of persons whose consent is required under
Section&nbsp;7 of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ PERKINS COIE LLP</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.(A)
<SEQUENCE>3
<FILENAME>tm246822d1_ex23a.htm
<DESCRIPTION>EXHIBIT 23.(A)
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 23(a)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We consent to the incorporation by reference in this Registration Statement
on Form&nbsp;S-8 of our reports dated February&nbsp;22, 2024, relating to the financial statements and financial statement schedules of
MDU Resources Group,&nbsp;Inc., and the effectiveness of MDU Resources Group,&nbsp;Inc.&rsquo;s internal control over financial reporting, appearing
in the Annual Report on Form&nbsp;10-K of MDU Resources Group,&nbsp;Inc. for the year ended December&nbsp;31, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ DELOITTE&nbsp;&amp; TOUCHE LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Minneapolis, Minnesota&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February&nbsp;23, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.(B)
<SEQUENCE>4
<FILENAME>tm246822d1_ex23b.htm
<DESCRIPTION>EXHIBIT 23.(B)
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 23(b)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We consent to the incorporation by reference in the Registration Statement
on Form S-8 of MDU Resources Group, Inc. of our report dated June 21, 2023, relating to the statements of net assets available for benefits
of MDU Resources Group, Inc. 401(k) Retirement Plan as of December 31, 2022 and 2021 and the related statement of changes in net assets
available for benefits for the year ended December 31, 2022, appearing in the Annual Report on Form 11-K of the MDU Resources Group, Inc.
401(k) Retirement Plan for the year ended December 31, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Baker Tilly US, LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Minneapolis, Minnesota</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February 23, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>5
<FILENAME>tm246822d1_ex-filingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;107</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Calculation of Filing Fee Tables</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;S-8&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Form&nbsp;Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MDU Resources Group,&nbsp;Inc.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Table 1: Newly Registered Securities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security <BR>
Type</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security <BR>
Class&nbsp;<BR>
Title</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee <BR>
Calculation <BR>
Rule</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount <BR>
Registered(1)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Proposed <BR>
Maximum <BR>
Offering <BR>
Price Per <BR>
Unit(2)</B></FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Maximum <BR>
Aggregate <BR>
Offering <BR>
Price(2)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee <BR>
Rate</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of <BR>
Registration <BR>
Fee</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">Common Stock, par value $1.00 per share</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">Rule&nbsp;457(c)&nbsp;and 457(h)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">5,000,000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">$20.885</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">$104,425,000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">$0.00014760</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">$15,413.13</FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total Offering Amounts</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">$104,425,000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">$15,413.13</FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total Fee Offsets</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Net Fee Due</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.25pt; padding-right: 3.5pt; padding-left: 3.25pt; text-align: center"><FONT STYLE="font-size: 10pt">$15,413.13</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Pursuant to Rule&nbsp;416(a)&nbsp;under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this registration
statement also covers an indeterminate number of additional shares of common stock, par value $1.00 per share, of the registrant (the
 &ldquo;Common Stock&rdquo;) that may be issued to adjust the number of shares issued pursuant to the MDU Resources Group,&nbsp;Inc. 401(k)&nbsp;Retirement
Plan (the &ldquo;Plan&rdquo;) by reason of any stock dividend, stock split, recapitalization or any other similar transaction which results
in an increase in the number of shares of the registrant&rsquo;s outstanding Common Stock. In addition, pursuant to Rule&nbsp;416(c)&nbsp;under
the Securities Act, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the
Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rule&nbsp;457(c)&nbsp;and Rule&nbsp;457(h)&nbsp;under
the Securities Act. The proposed maximum offering price per share is estimated based on the average of the high and low sales prices for
the Common Stock as reported by the New York Stock Exchange on February&nbsp;16, 2024.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>tm246822d1_ex5aimg01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm246822d1_ex5aimg01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !' XH# 2(  A$! Q$!_\0
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M1W=]:V[L-P6:94)'K@FH/^$AT3_H,:?_ .!*?XUYQ\2X$N?'&C02@F.6.-&
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M*U_P_%XE\8"?5+_5/]( DG==JGH25(+$]>3CD"NQF^"?P^F0J-!\LD8#)=3
MC_Q_%48G>07$-U L]O-'-$XRLD;!E/T(J2O!-$AO/A)\7;3PU#=23^'=<(,*
M2G)1F)53_O!@ <=01WZ>]T %%%% !1110 4444 %%%% !1110 4444 %%%%
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M9Q_B_P"&?AGQM,ESJMK(EVB[!<V[['V^AZ@_B#7&']G'PQG"ZOK(3^[YD?\
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M<H"J  _PKA?^ 5W0MXA<M<!!YS($+]RH)('YD_G0\$4DR2N@,B JK'L#C/\
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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%10!__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
