Date: February 13, 2004

CHANEY NAMED AGGMAN OF 2003

Chaney Enterprises is proud to announce that Francis H. Chaney, II was recently the recipient of the 2003 Aggman of The Year Award. This prestigious national honor was presented to him on Saturday, January 24, 2004 at the National Stone, Sand and Gravel Associations Annual Convention held in Phoenix, Arizona.

With over 30 years of combined editorial experience in the industry, Aggregates Magazine selects an exceptional individual each year to receive recognition as the “Aggman Professional of the Year.” The recipients of this award are selected based upon their personal contributions to the advancement of the aggregates industry. In the case of Frank Chaney, he has gone above and beyond the trade standards in all areas of consideration, especially his efforts to promote the advancement of education in the aggregates industry. This award ranks Chaney’s efforts with the highest caliber individuals in the nation, like Bruce Mason, former executive director of the Indiana Mineral Aggregates Association and Bill Sandbrook, president of Oldcastle Materials, Inc.-Western Division. In many ways it is a great honor to achieve this award, but it is especially phenomenal for a family owned and operated, relatively small company in the industry, to be recognized nationally for the efforts of their home-town leader.

Chaney, who is the chairman of the board for Chaney Enterprises, realizes the importance of neighbors serving neighbors. As stated by Aggregates Magazine, “he could be considered something of a career philanthropist and volunteer.” Being active in his community is actually an understatement, when speaking of Chaney. From being a member of the Board of Directors for the National Stone, Sand and Gravel Association, The Aggregates Foundations for Technology, Research and Education, and the Mineral Information Institute to being the founder and director of the Maryland Industries for Technical Education, he still finds time to serve as the president of the Eugene Chaney Foundation. This foundation receives 10% of Chaney Enterprises net profits each year and is responsible for the distribution of these funds to local charities and organizations. Another fine point to demonstrate Chaney’s giving nature is through the extensive land initiatives and reclamation efforts that Chaney Enterprises and its partners have accomplished. The amount of land that has been donated to the MD Parks and Recreation, as well as the Maryland Wetlands Restoration Project is truly remarkable.