Knife River Names Robert Van Til President of South Region

Knife River Corporation (NYSE: KNF) has named Robert Van Til president of its South Region, which includes aggregate, asphalt, ready-mix concrete and contracting services operations in the Bryan/College Station and Waco markets in Texas. South Region operations also include the Honey Creek quarry, northwest of Austin, Texas.

Van Til, a Texas native, begins August 28. He comes to Knife River with a wealth of experience in the construction materials industry, including senior leadership positions at multiple national materials suppliers. Van Til also was a founder and managing partner of Houston-area River Aggregates, LLC, from 2010-2020. He has a master of business administration degree from Texas A&M University and is active in the Texas Aggregates and Concrete Association and the Texas Asphalt Pavement Association. Van Til succeeds Robert Kober, a 28-year Knife River veteran who earlier this year announced his plans to retire.

“I’d like to thank Bob Kober for his years of service to Knife River, for building a strong team and for positioning us for growth,” said Brian Gray, president and CEO of Knife River. “And I’d like to welcome Rob Van Til to Knife River. Rob’s industry experience, entrepreneurial drive and involvement in our communities make him the ideal person to lead our South Region. I’m excited about our opportunities in Texas and look forward to the energy and guidance Rob will provide.”

About Knife River

Knife River Corporation, a member of the S&P MidCap 400 index, mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. It also distributes cement and asphalt oil. It performs integrated contracting services. For more information about Knife River, visit www.kniferiver.com.

Forward-Looking Statement

The information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained in this release, including, but not limited to, statements about Knife River’s growth opportunities, are expressed in good faith and are believed by Knife River to have a reasonable basis. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. There can be no assurance that the actual results or developments anticipated by Knife River will be realized or, even if substantially realized, that they will have the expected consequences to or effects on Knife River or its business or operations. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in Knife River’s Form 10 and most recent Form 10-Q. All forward-looking statements in this release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Knife River does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise.

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