May 30, 2008

Dear Employees:

Effective June 1, 2008 I will be formally retiring and Jay Keyser will assume responsibilities as the Chief Executive Officer of William A. Hazel, Inc. For over 44 years I have had the privilege of working with an outstanding group of employees, together we have all focused on building a better place for us to live and work. My personal expectation for my retirement is that it will be a highly active retirement, continually guided by a commitment to our state, community and civic causes—with a particular emphasis on improving the quality of our educational opportunities.

I am firm in my resolve to retire and confident in the respect that I have for Jay, our executive leadership, and the professionalism and dedication of the entire management and employee teams. Jay has continually demonstrated a history of wise financial decision making and stewardship, and has successfully guided the company through several difficult economic cycles that have negatively impacted the construction industry. My son, David, will serve as the Chief Operating Officer with responsibilities for the Field Operations, and will report directly to Jay.

My decision to retire at this time, is further secured by the knowledge that the foundation of the W.A. Hazel, Inc. organization has always been our employees and your continued commitment to getting our work done on schedule and performing your responsibilities to the high standards of excellence that has built our reputation and marked our successes for the past 44 years. I fully expect that same commitment to Jay that you have shown to me.

I personally want to thank you for your friendship and service, for being a part of my life and for being a key part of the future of W. A. Hazel, Inc. I wish you every possible success in business and life!