Board of Directors and Corporate Officers Board of Directors L. David Black has been a Director of our Company since 1995. Mr. Black was the Chairman of the Board of JLG Industries, Inc. from 1993 until his retirement in February 2001. In addition, he served as its President and Chief Executive Officer from 1991 to 2000. He is also Chairman of Columbus McKinnon’s Corporate Governance and Nomination Committee and a member of Columbus McKinnon’s Audit Committee and Compensation and Succession Committee. Mr. Black will retire from the Board of Directors in August 2003. Securing Wallace W. Creek was appointed to the Board of Directors in January 2003. Mr. Creek is Senior Vice President of Finance at Collins & Aikman. Prior to his employment with Collins & Aikman, he was the controller of General Motors Corporation for nearly ten years and held several executive positions in finance at GM. Mr. Creek is an Ex Officio member of the Board of Directors of Quantum Fuel Systems Technologies Worldwide, Inc. He serves on Columbus McKinnon’s Audit Committee and the Corporate Governance and Nomination Committee. Richard H. Fleming was named a Director in 1999 and is currently Executive Vice President and Chief Financial Officer of USG Corporation. Prior to his appointment as Chief Financial Officer of USG in 1994, Mr. Fleming held several executive positions in finance at USG, including Treasurer, Assistant Treasurer, and Director– Corporate Finance. Mr. Fleming joined USG in 1984. He is a member of the Advisory Board of FM Global, a mutual insurance company. Mr. Fleming also serves as a Director for several not-for-profit entities including FamilyCare Services of Illinois, the Child Welfare League of America, and Chicago United. Mr. Fleming is Chairman of Columbus McKinnon’s Audit Committee and is a member of the Compensation and Succession Committee and the Corporate Governance and Nomination Committee. Herbert P. Ladds, Jr. was elected Chairman of the Board of Columbus McKinnon Corporation in January 1998, and has been a Director of the Company since 1973. He served as Chief Executive Officer of the Company from 1987 until his retirement in July 1998. He also served as President from 1982 until January 1998. Prior to this, he served as Executive Vice President from 1981 to 1982, and Vice President– Sales and Marketing from 1971 to 1980. He is also a Director of Utica Mutual Insurance Company and R. P. Adams Co., Inc. Mr. Ladds also serves on the board of the Martin House Restoration Corporation. Robert L. Montgomery, Jr. has served as Executive Vice President, Chief Financial Officer since 1987, and Director since 1982. Prior to joining Columbus McKinnon in 1974, Mr. Montgomery was a certified public accountant with PricewaterhouseCoopers LLP. He also serves on the Beechwood Continuing Care Board of Directors. 40 Corporate Officers Timothy T. Tevens, President and Chief Executive Officer Robert L. Montgomery, Jr. Executive Vice President and Chief Financial Officer Karen L. Howard, Vice President, Controller Ned T. Librock, Vice President, Sales Robert H. Myers, Jr., Vice President, Human Resources Joseph J. Owen, Vice President, Strategic Integration Lois H. Demler, Corporate Secretary Lois H. Demler, has served Columbus McKinnon for 44 years in various capacities, 17 of those in her current position. She also serves as the Company’s investor relations contact.  Corporate Secretary Ernest R. Verebelyi  was appointed to the Board of Directors in January 2003. Mr. Verebelyi is retired Group President of Terex Corporation. Prior to joining Terex in 1998, he held executive, general management, and operating positions at General Signal Corporation, Emerson, Hussmann Corporation and General Electric. He is also a director of The Nash Engineering Company and Chairman of its Compensation Committee. Mr. Verebelyi serves on Columbus McKinnon’s Compensation and Succession Committee and the Corporate Governance and Nomination Committee. Timothy T. Tevens was named a Director in January 1998, in conjunction with his promotion to President. Having served as Chief Operating Officer since October 1996,  Mr. Tevens succeeded Mr. Ladds as Chief Executive Officer in July 1998. He joined the Company in 1991 as Vice President of Information Services. He is a director of the Industrial Supply Manufacturers Association. Carlos Pascual has been a Director of our Company since August 1998. A 35-year veteran of Xerox Corporation, he currently serves as Executive Vice President, Xerox, and President of Developing Markets Operations for Xerox. Mr. Pascual is also Chairman of Xerox de Espana, S.A. From August 1995 to January 1999, Mr. Pascual served as President of Xerox’s United States Customer Operations. Prior thereto, he served in various executive capacities with Xerox. He is Chairman of Columbus McKinnon’s Compensation and Succession Committee and serves on the Corporate Governance and Nomination Committee and the Audit Committee. Moving