March 24, 2003

Shaila Kennedy Named Vice President

Lee Kennedy Co. is pleased to announce that Shaila Kennedy has been promoted to Vice President. Formerly director of marketing, Kennedy will still oversee the Company's marketing endeavors, but will now have increased responsibility for corporate management decisions and business development. Kennedy is a distinguished leader in the real estate and construction community. She is a board member of both the AGC of Massachusetts and the Massachusetts Building Congress (MBC). In 2001, she became the first woman to ever be elected an officer of the AGC of Massachusetts. She is currently Treasurer of the AGC, and in line for the presidency June 2005. Kennedy is president-elect of the MBC May 2003.