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RUDOLPH AND SLETTEN INC. ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER

Allen Rudolph Tapped to Head General Contracting Firm

FOSTER CITY, CA (Feb. 12, 2002) – Rudolph and Sletten, Inc. (R&S), one of California’s largest general contracting firms, announced today the appointment of Allen A. Rudolph to the position of Chief Executive Officer.

Mr. Rudolph, 45, is being promoted from within Rudolph and Sletten, where he has served as President since January 1, 2001. As CEO, Mr. Rudolph will continue to hold the title of President.

Established in 1960, Rudolph and Sletten, a Forbes 500 company, specializes in construction projects for high-tech research and manufacturing, biotechnology, pharmaceutical manufacturing, healthcare, entertainment, and corporate offices and campuses.

"Allen Rudolph’s appointment to the role of CEO continues the tradition of innovative yet stable leadership at Rudolph and Sletten," said outgoing CEO John H. Rudolph, the brother of Allen Rudolph, who is leaving his post as CEO to devote more time to his family and to church and community work. "His vision for the company is that of a dynamic new generation, yet he brings to the table all the quality and solid experience that have made Rudolph and Sletten a household word in California’s construction industry for more than 40 years.

"As Rudolph and Sletten moves under Allen’s progressive leadership into a new era of growth, he looks forward to continuing the tradition of quality, innovation, stability, and client service that have helped to foster our reputation as an industry leader."

Allen Rudolph’s rise to CEO is the culmination of a 20-plus year career with Rudolph and Sletten. A fifth-generation builder, Mr. Rudolph has spent every summer since he was fifteen working in the field, as a carpenter, a laborer on concrete crews and as safety manager.

After graduation from college Mr. Rudolph worked his way up through the management ranks of project engineer, project manager, estimator and vice president of marketing.

Last year, while he served as President, Rudolph and Sletten completed the Pacific Shores Business Park, the Sun Microsystems Santa Clara Campus, and COPIA: The American Center for Wine, Food and the Arts in Napa, among other innovative and diverse projects.

Because of Mr. Rudolph’s wide experience, he is regarded as one of the country’s most knowledgeable executives in the field of high-technology construction.

During Allen Rudolph’s tenure, the company has seen revenues skyrocket to almost $1 billion annually, a growth of over 300 percent since 1996. Mr. Rudolph also has been instrumental in developing the company’s general contracting practice in Southern California, and in establishing offices in Irvine and San Diego.

About Rudolph & Sletten, Inc.

Rudolph and Sletten (www.rsconstruction.com) has provided quality-oriented general contracting and construction management services for four decades. One of the largest construction companies on the West Coast, Rudolph and Sletten has offices in Foster City, Sacramento, Irvine and San Diego, California.

Known as the contractor that built Silicon Valley, Rudolph and Sletten’s clients include Stanford University, Hewlett-Packard, Intel, Apple Computer, 3Com, Sun Microsystems and Microsoft. In the biotech and pharmaceutical industry, clients include Bayer, Chiron, Amgen, Inhale, Johnson & Johnson and Genentech.

Rudolph and Sletten also constructed such unique projects as the Monterey Bay Aquarium, the Monterey Bay Aquarium Research Institute, and Lucasfilm, Ltd.’s Skywalker Ranch Technical Buildings. Rudolph and Sletten also oversees the seismic and historic renovation of many vintage buildings, such as the Stanford Art Museum.

Onslow H. "Rudy" Rudolph, father of new CEO Allen Rudolph, founded the firm in 1960. Kenneth G. Sletten joined him as partner in 1962. Many of the firm’s 800 employees are second- and third-generation family members who have been with the company for decades.

"Rudy" Rudolph and Ken Sletten’s dynamic business model raised the bar for the tradition-bound construction industry. Among their innovations was the contemporary version of the negotiated construction contract, including the notion of partnering with owners and architects as a team. They also established the practice of offering extensive pre-construction activities that maintain both quality and adherence to budget in complex, high-tech construction. Rudolph and Sletten helped to pioneer modern safety standards, and today offers one of the industry’s most highly regarded training programs.

Rudolph and Sletten’s current portfolio of projects includes Sun Microsystems Santa Clara Campus, Santa Clara, Calif.; Chiron Life Sciences Center, Emeryville; Kaiser Foundation Los Angeles and Santa Clara; Stanford University Cancer Center; Children’s Hospital LA; City of Hope National Medical Center; University of San Diego Joan B. Kroc Institute; Caltech University Biological Center, Pasadena; Veritas Software Corporate Headquarters, Mountain View; COPIA: The American Center for Wine, Food & the Arts, Napa; Monterey Bay Aquarium and Monterey Bay Aquarium Research Institute, Monterey; Jay Paul Company Pacific Shores Center, Redwood City; Hewlett-Packard Company Aviation Hangar, San Jose; and WINfirst broadband network, Rancho Cordova.