Effective December 12, 2016, Luke H. Paladino resumed performing the necessary functions of the Kiewit Royalty Trust on behalf of the Trustee. Mr. Paladino temporarily left his employment with U.S. Bank, N.A. at the end of November 2016. During his absence, Mr. Wood A. Hull was designated to perform the necessary functions of the Trust on behalf of the Trustee. Upon Mr. Paladino's return to the Bank, Mr. Hull voluntarily stepped down from his role with the Trust, and Mr. Paladino resumed his duties because of his long-standing relationship with, and institutional knowledge of, the Trust. Luke H. Paladino, age 38, is currently a Vice President with U.S. Bank N.A. and previously served in that position from March 2014 through November 2016. Prior his current position, Mr. Paladino was an Assistant Vice President and Trust Officer from September 2007 - March 2014 in the Private Client Group.