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E. Llwyd Ecclestone, Jr.

January 1, 1989

Chairman National Investment Company – West Palm Beach, Florida

E. Llwyd Ecclestone was raised in Grosse Pointe, Michigan. He started in the construction business in Detroit in 1962 under the name of Hillock-Ecclestone & Company. The following year he became sole owner of the renamed Ecclestone Construction Company and built the first condominium in Michigan (a Detroit urban renewal project). In 1965, he moved to Lost Tree Village, located in the northern part of Palm Beach County. From 1965 to 1968 he was Executive Vice President of Lost Tree Village Corporation, responsible for home construction, land development and sales. In 1968 he organized Florida Realty Building Company and subsidiary companies that developed and built the Forum III office complex, Plaza Centre, Old Port Cove, Lost Tree Village South, Ocean House Condominiums and custom homes in Lost Tree Village. In 1976 he established National Investment Company, which is the general managing partner of PGA National – the home and headquarters of the Professional Golfers’ Association – a development in Palm Beach Gardens consisting of 2,340 acres. For relaxation he races and cruises on an ocean going sailboat named KODIAK and is an avid athlete. He is a member of numerous civic boards and councils. “It is important to recognize the difference between acceptable and first rate and to know that the extra push is worth the effort.”