News From Terre Haute, Indiana

February 17, 2011

NEW: Tony George appointed to Hulman & Company board

Terre Haute-based company announces expanded board of directors

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The Tribune-Star

TERRE HAUTE — Hulman & Company announced Thursday afternoon an expansion of its Board of Directors "in an effort to best position the company to take advantage of the promising outlook over the upcoming years," the company said in a release.

Among those added to the board were Anton 'Tony' H. George, former president and CEO of the Indianapolis Motor Speedway and founder of the Indy Racing League.

The changes were made during a regularly scheduled shareholders meeting.

Hulman & Company will add four members to the existing board, expanding from four members to eight members. Anton 'Tony' H. George, Andre B. Lacy, Michael L. Smith and Jerry W. Throgmartin will be added as members to the board of directors.

"As we strive to position Hulman & Company to be more competitive and relevant in this marketplace, the current board believes we can strengthen our position by calling upon the successful business expertise of these additional board members," said Mari Hulman George, IMS chairman of the board, said ina release "We are pleased to welcome Andre, Mike and Jerry to the board. In addition, I am particularly pleased that we will be adding Tony to the

Hulman & Company board, a board upon which he has been a member in the past.

"Over the last 18 months, we have successfully positioned Hulman & Company for future growth through strong management, limited streamlining and other efficiencies. We are excited about the future, and we believe the addition of these board members and their long and proven history of extremely successful business management will benefit Hulman & Company greatly."

The release stated that the new board members will not have any day-to-day management duties with respect to Hulman & Company, and there will be no change in the current

management structure the company. Curt Brighton will remain president and CEO of Hulman & Company.

After Thursday's announcement, composition of the Hulman & Company board is Mari Hulman George, Nancy L. George, M. Josephine George, Katherine M. George-Conforti, Tony George, Lacy, Smith and Throgmartin.