RICE COMPANIES ACQUIRE GOSEWISCH CONSTRUCTION

EXPANDED SERVICES WITH PURCHASE OF GOSEWISCH CONSTRUCTION in MANKATO, MINNESOTA

(SAUK RAPIDS, Minn.) – Rice Companies recently announced the purchase of Mankato-based Gosewisch
Construction, one of south central Minnesota’s leading family-owned, design/build general contractors.

“The addition of Gosewisch and its team will help Rice Companies expand our services and better serve our customers
in southern Minnesota, Iowa and South Dakota,” said Chris Rice, CEO/President.

Gosewisch’s office in Mankato will be the third location and second acquisition for Rice Companies. Headquartered in
Sauk Rapids, MN, Rice Companies also has an office in Glencoe, MN. Rice acquired Cosmos-based Raske
Construction in 2013.

Rice will retain all of Gosewisch’s current staff. Gosewisch Construction, founded in 1977, was previously owned by
David Gosewisch, who is retiring.

Rice Companies offers true single-source construction services, including in-house architectural, construction
management, self-performing field services, real estate development and brokerage along with facility maintenance
services. The third-generation, 65-year old company serves the five-state area.