ABOUTINVESTMENTSDIVISIONSCONTACT Newsprint and Forestry Inland Empire Paper Company is a state-of-the-art newsprint and specialty paper manufacturer and forest land manager. Located 15 minutes from Downtown Spokane on the Spokane River, the plant produces 530 tons of paper products a day in a full range of weights, colors and finishes. IEP recycles post-consumer paper and mechanically converts sawmill waste to provide fiber for its broad spectrum of paper products. IEP manages a growing portfolio of more than 117,000 acres of timber lands. The Company is a leader in waste water recovery and sustainable forestry. Fiber Reclaim is an affiliated trucking company that supplies the mill with old newspapers and other recyclable consumer waste in addition to providing dry van freight services to the general public. Broadcasting The broadcasting division spans markets from central Washington to eastern Montana. Beginning with KHQ-TV, an NBC affiliate launched by Cowles in 1952, the division now covers the Tri-cities, Spokane, Missoula, Helena, Billings, Bozeman, Butte and Great Falls DMAs. SWX broadcasts regional weather and high school, college and professional sports. (See map below) Print media The division includes the company's flagship daily newspaper serving eastern Washington and north Idaho, the Spokane region's bi-weekly business newspaper and North Idaho's leading classified advertising publication and their affiliated websites. More than 250,000 people read The Spokesman-Review every day. Real estate River Park Square is downtown Spokane's retail center, anchored by Nordstrom and AMC Theaters. Centennial manages about 1 million square feet of retail and commercial space in the greater Spokane area, Boise and beyond. Centennial also holds about 1,300 acres of raw land zoned for commercial, industrial and residential use in the Spokane Valley and two residential complexes in Downtown Spokane- M and Chronicle. Insurance Northwest Farmer Stockman and its affiliate agency serve rural markets across the Northwest and Midwest states with health and wealth management services. Broadcast map © 2021 Cowles Company

ABOUTINVESTMENTSDIVISIONSCONTACT Corporate Address Cowles Company PO Box 2160 Spokane, WA 99210-2160 Street Address 999 West Riverside Spokane, WA 99201 Stacey Cowles staceyc@spokesman.com Partner/Invest Steve Rector stever@cowlescompany.com Real Estate Doug Yost dyost@centennialrei.com Forest Land Paul Buckland paulbuckland@iepco.com Human Resources Michelle Nielsen michellen@cowlesco.com Employment Opportunities https://careers.cowlesco.com © 2021 Cowles Company