Butler Manufacturing Elects John Holland Chairman of the Board; Ronald E. Rutledge Elected President and Chief Operating Officer

Business Wire, Nov 27, 2001

Business Editors

KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov. 27, 2001

Butler Manufacturing Company (NYSE:BBR) announced today that John Holland has been elected chairman of the board succeeding Donald H. Pratt, who will retire at the end of the year as part of a previously announced succession plan. Mr. Holland will continue as chief executive officer of the company. In addition, Ronald E. Rutledge has been elected president and chief operating officer. Mr. Rutledge was also elected a director of the company, replacing Mr. Pratt.

Mr. Holland has been with the company for 21 years. He was elected president and chief executive officer in January 1999. He has had senior management responsibilities in the metal building systems division as well as previously

serving as the company's chief financial officer.

Mr. Rutledge was named executive vice president in January 2001. Prior to that he served as president of The Vistawall Group since its acquisition by Butler in 1984 and has over 35 years of industry experience.

Butler Manufacturing Company is the world's leading producer of pre-engineered building systems, a leading supplier of architectural aluminum systems and components, and provides construction and real estate services for the nonresidential construction market.

Statements in this press release concerning the company's business outlook or future economic performance; anticipated profitability, revenues, expenses or other financial items, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those stated in such statements. Such risks and uncertainties include, but are not limited to, industry cyclicality, fluctuations in customer demand and order pattern, the seasonal nature of the business, changes in pricing or other actions by competitors, and general economic conditions, as well as other risks detailed in the company's 2000 Annual Report to Shareholders on page 17.

--30--ad/rc/ny*

    CONTACT: Butler Manufacturing Company
             Larry Miller, 816/968-3216

    KEYWORD: MISSOURI
    INDUSTRY KEYWORD: BUILDING/CONSTRUCTION REAL ESTATE
MANAGEMENT CHANGES
    SOURCE: Butler Manufacturing Company