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Howard Zucker ([email protected]) 212-820-9362

For Release April 3, 2006 Hawkins Delafield & Wood LLP Adds Three Partners in California Hawkins Delafield & Wood LLP, a national leader in municipal finance and public law, is adding three partners in California ­ one by lateral hire, one by relocation from New York and one by relocation from Washington, DC. Frederick Kuhlman, will join the firm's Commercial Banking practice effective April 1st. John Pirog, a partner in the firm's New York office, will relocate to Sacramento to service the firm's Public Utility and Transportation practices. John Renken, a new partner in the firm's Housing and Health Care practice groups, will relocate to California from the Washington, DC office. Prior to joining Hawkins, Renken was with Miller, Canfield, Paddock and Stone, a partner most recently resident in that firm's Washington DC office. His practice focuses on housing and health care. Mr. Renken is a graduate of DePauw University (B.A.), the Indiana University School of Law, (J.D.), and University of Michigan Business School (M.B.A. ) Frederick Kuhlman had previously been with the Los Angeles office of Fulbright & Jaworski L.L.P. where he has served in virtually every type of public finance transaction for a range of issuers, with a particular emphasis on credit enhancement. Mr. Kuhlman is a graduate of Northern Illinois University (B.A.), the University of Southern California, (M.A.) and Loyola Law School (J.D.). John Pirog, a bond attorney for 28 years, has worked in public power, airports, ground transportation and health care. He played a key role in the firm's representation of the California Department of Water Resources' $11 billion restructuring of the State's electric utilities, following the state's 2001 energy crisis. Howard Zucker, Hawkins' managing partner, commented on the lateral hires: "John Renken's decision to join Hawkins further strengthens our housing practice, which is the largest and most active in the industry. In addition, his experience in health care will lend geographic balance to our national practice in that area and will complement our other health care attorneys, who are on the East Coast. Fred Kuhlman's strengths in credit enhancement, securitization, and other credit-related activities are a welcome addition to the firm. For John Pirog, this move to California will mean a huge drop in his frequent flier miles, because he has been "bi-coastal" for many years now, but should enhance his ability to work with our California clients. All three

Hawkins Delafield & Wood LLP Adds Three Partners in Califonrnia April 3, 2006, page 2

attorneys arrive at Hawkins in California with well-deserved excellent reputations in their respective areas." One of the municipal industry's more storied law firms, Hawkins Delafield & Wood traces its roots to 1854, when Dexter A. Hawkins founded a practice at #10 Wall Street. The firm gained a reputation in the 19th Century for specialized expertise in the area of governmental finance. Later, Hawkins & Delafield was a leader in developing the concept of the revenue bond authority and worked on the first special taxing districts for municipalities and private utilities. Through nearly every decade in the 20th Century, the firm broke new ground for its clients, including those providing transportation, health care and higher education, student loans and housing. Hawkins has more attorneys (approximately 100) devoted to public finance and public projects than any law firm in the nation. The firm has seven offices nationwide, including three in California - Los Angeles, San Francisco and Sacramento. Mssrs. Renken and Pirog will be resident in the firm's Sacramento office and Mr. Kuhlman will be resident in the firm's Los Angeles office.

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