North Pacific Group, Inc. Announces the Appointment of New Board Member

Business Wire, August 23, 2004

PORTLAND, Ore. -- North Pacific Group, Inc., a building material wholesale trade and distribution company, has announced the appointment of Patricia Moss to its Board of Directors.

Ms. Moss is currently President and CEO of Cascade Bancorp (Nasdaq:CACB), parent company of Bank of the Cascades, headquartered in Bend, Oregon. Ms. Moss has been with the Bank since its inception in 1977 and has held numerous roles including executive vice president, chief operating officer, chief financial officer and secretary to the Board of Directors.

"We are honored to welcome Patricia to our Board of Directors," stated Jay Ross, CEO of North Pacific Group, Inc. "Her financial and general business experience will help our Company as we move forward and grow."

Ranked in the "Top 5 Bank CEO's" for 2003 by U.S. Banker magazine, Ms. Moss currently serves on other boards including Cascade Bancorp, MDU Resources Group, Inc., Tax Free Trust of Oregon, Central Oregon Independent Health Services, and Oregon State University's Cascade Campus Advisory Board. She has also been involved in various community activities including Oregon State Housing Council, St. Charles Medical Center, Central Oregon Community College, Oregon Community Foundation and Deschutes United Way.

About North Pacific Group, Inc.

Founded in 1948, North Pacific Group, Inc. is an employee-owned, privately-held corporation and one of the world's largest merchants of forest products and services. It is the second largest privately-held company in Oregon with over $1 billion in sales annually and over 860 employees.

North Pacific Group, Inc and its subsidiaries produce or acquire building products, wood, poles, composite products, agricultural and food ingredient commodities on a global basis. The company serves building products retailers and distributors, furniture manufacturers, power companies, farm supply retailers, and distributors.