Kiewit Royalty Trust (the “Trust”) is administered by officers and employees of U.S. Bank, N.A., which serves as the sole trustee of the Trust (the “Trustee”). In 2008, Luke H. Paladino was designated to perform the necessary functions of the Trust on behalf of the Trustee. Mr. Paladino temporarily left his employment with U.S. Bank, N.A. from November 28, 2016 - December 12, 2016. Upon Mr. Paladino’s return to the Bank, he performed the necessary functions of the Trust on behalf of the Trustee until his voluntary resignation on March 12, 2018. He resigned as Vice President and Trust Officer of the Trustee, effective on such date, and will no longer provide any services to the Trust. Mr. Paladino resigned in order to pursue other opportunities, and his departure is not related to any disagreement with the Trust or Trustee regarding any financial, accounting, or other matters. Effective March 12, 2018, Wood A. Hull, JD was designated to perform the necessary functions of the Trust on behalf of the Trustee. Mr. Hull, age 63, is the Senior Managing Director of the Wealth Management Group at the Trustee and has served in this position since 2006.