Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

Calvert Property Calvert Property

DevelopmentDevelopment

Thyssenkrupp Steel, located near Calvert, Alabama, will bring anestimated 7,000 direct and indirect jobs to the region and provide $1.4 Billion Dollars in revenue over a 30-year period to the state of Alabama.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

*Source: M. Keivan Deravi. “Executive Summary of Economic Impact and Cost/Benefit Analysis,”Thyssenkrupp Steel and Stainless Steel USA, LLC Project.” May 22, 2007.

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

ThyssenKrupp Steel:ThyssenKrupp Steel:�� 2700 Direct Jobs2700 Direct Jobs�� 4300 Indirect Jobs4300 Indirect Jobs�� $1.4 Billion$1.4 BillionState RevenueState Revenue

“There’s going to be as much development in “There’s going to be as much development in

this area over the next two years as there has this area over the next two years as there has

been in the last 40.”been in the last 40.”

---- Gov. Bob RileyGov. Bob Riley

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company maintains significant land holdings in the area with access to rail and all utilities including sewer. Tensaw property is located on all sides of the entrance to the ThyssenKrupp Steel Facility.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

Tensaw Land & Tensaw Land &

Timber PropertiesTimber Properties::�� Near TK EntranceNear TK Entrance�� All Utilities All Utilities Including SewerIncluding Sewer

�� Rail AccessRail Access

ThyssenKruppThyssenKruppEntranceEntrance

RailRail

RailRail

Tensaw Land & Timber Company seeks to develop its property near Calvert and spur economic development in the region.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

TK Entrance

Calvert Business

Park

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Tensaw Land & Timber Company:Timber Company:

�� Develop PropertiesDevelop Properties�� Spur Economic Spur Economic GrowthGrowth

ThyssenKruppThyssenKruppEntranceEntrance

Calvert Calvert Business Business

ParkPark

Calvert Calvert WestWest

Calvert Calvert SouthSouth

Hwy. 43 East Hwy. 43 East Park Park

SubdivisionSubdivision

Calvert Calvert NorthNorth

Redfox Redfox DevelopmentDevelopment

Problem: ALDOT requires developers pay for cost prohibitive road enhancements along Highway 43, inhibiting growth in the region.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

Problem:Problem:ALDOT requires developers ALDOT requires developers pay for cost prohibitive road pay for cost prohibitive road

enhancements along enhancements along Highway 43, inhibiting Highway 43, inhibiting growth in the region.growth in the region.

Tensaw Land & Timber Company can offer multi-use development opportunities near ThyssenKrupp, but financial assistance or in-kind donations are needed to mitigate the cost of road enhancements and ensure land is developed at a fair price.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

A cost analysis indicates road construction costs would exceed $1 Million Dollars and would significantly inhibit economic growth.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

ALDOT ALDOT Requirements:Requirements:

�� Cost ProhibitiveCost Prohibitive�� Inhibit GrowthInhibit Growth

Cost Analysis:Cost Analysis:�� 10 Turn Lanes = $1,000,00010 Turn Lanes = $1,000,000�� 3 Median Widenings = $60,0003 Median Widenings = $60,000�� Highway 43 Overlays = $200,000Highway 43 Overlays = $200,000

Total Cost = $1,260,000Total Cost = $1,260,000

Solution: To spur growth in the region, Tensaw Land & Timber Company seeks funding or in-kind contributions to mitigate road construction costs.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

Solution: Solution: To spur growth in the region, To spur growth in the region,

Tensaw Land & Timber Tensaw Land & Timber Company seeks funding or inCompany seeks funding or in--kind contributions to mitigate kind contributions to mitigate road construction costs.road construction costs.

While Tensaw will develop retail property, funding support will primarily ensure development of Tensaw properties designated for industrial use –providing value to the State of Alabama.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

TK Entrance

TK Entrance

Rail

Rail

�� IndustrialIndustrial

�� RetailRetail

�� TBDTBD

Tensaw Land:Tensaw Land:�� Significant Industrial Significant Industrial Development Development OpportunitiesOpportunities Red Fox Red Fox

RoadRoad

ThyssenKruppThyssenKruppEntranceEntrance

Tensaw Land & Timber Company is working cooperatively with Mobile County to ensure quality development in the region. Mobile County fully supports Tensaw’s efforts to obtain funding for road construction.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

“Tensaw Land & Timber Company is “Tensaw Land & Timber Company is

working closely with Mobile County, working closely with Mobile County,

as part of a strong partnership, to as part of a strong partnership, to

ensure quality economic development ensure quality economic development

in North Mobile County.”in North Mobile County.”

---- Merceria LudgoodMerceria LudgoodCounty CommissionerCounty CommissionerDistrict 1District 1

Working together with state and county governments , Tensaw will ensure development near Thyssenkrupp reaches its full economic potential.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Calvert Property DevelopmentCalvert Property Development

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.

Tensaw Land & Timber Company, INC.Tensaw Land & Timber Company, INC.

Tensaw Land & Timber Company, Inc. was founded by Congressman Frank W. Boykin on November 1, 1937. Today the company is owned by his heirs and under the management of the Congressman’s Grandson, Riley Boykin Smith, as President and Chief Executive Officer; and Granddaughter, Starr L. Boykin, as Secretary/Treasurer. Other members of the management team include Lee E. Moncrief as Vice-President, Judy D. Lewis as Financial Manager, Albert W. Parnell as Woodsman, Kathy Moore as Administrative Assistant and R. Charlie Parker as Courier.

Tensaw has two offices. The main office is located at 3511 Montlimar Plaza Drive in Mobile. There is a Timber/Farm office located on Hwy 43 in McIntosh as well. The company also owns the Boykin Lodge, located in Double Gates, Alabama, which is a 100 year old three story farm house purchased by the Congressman in 1919.

Tensaw acquired approximately 100,000 acres of prime timberland located in Mobile, Baldwin and Washington counties of Alabama while under the direction of the Congressman. The majority of the property is under a long-term timber lease with Resource Management Services located in Birmingham, Alabama. The acreage not under lease is under the direction of Starr Boykin in the Mobile Office and Albert Parnell in the McIntosh Office. The timber managed by Tensaw is evaluated annually and bids are received from local logging companies to thin any stands determined to be available for timber cutting.

Throughout the years, certain land owned by Tensaw has become more suited for commercial development than timber growth. Such was the case in 2007, when Tensaw sold approximately 2,500 acres in North Mobile County to ThyssenKrupp ("TK") for their multi-billion dollar, state-of-the-art carbon steel processing facility to be built in Calvert, Alabama. Adjoining land fronting Highway 43 adjacent to the plant has also become very sought-after for commercial development. Tensaw is currently developing a 40-acre tract of land just south of the TK plant for retail and industrial use. Currently, there is an ABC Store and a warehouse facility in the park.

Tensaw and its management are very active in the community by supporting business, charitable and wildlife organizations. Tensaw is an investor in the Mobile Area Chamber of Commerce’s Partners in Growth Initiative, a member of the Alabama Forestry Association, Alabama Wildlife Federation and National Wild Turkey Federation. Tensaw has established a scholarship at Auburn University that contributes toward the tuition of an Auburn Forestry major from the McIntosh area each year. The company has also supported many area charities.

Tensaw Land & Timber Company, IncTensaw Land & Timber Company, Inc..

Tensaw Land & Timber Company, Inc.Tensaw Land & Timber Company, Inc.(251) 340(251) 340--83808380

www.tensawland.comwww.tensawland.com

Calvert Property Calvert Property

DevelopmentDevelopment

Public Relations Services Provided by:

Public Relations | Media Relations | Strategic Communication

www.viewmarkcommunications.com