Loewen CEO meets with Alan Greenspan, Chairman of Federal Reserve

May 17th, 2005

Steinbach, MB – Loewen is pleased to announce that Charles Loewen, CEO and Board Chair, met with Alan Greenspan, Chairman of the U.S. Federal Reserve, on Tuesday, May 17, 2005 in Washington, DC.

Loewen was one of approximately 40 top officials representing corporate members of NCHI (National Council of the Housing Industry) – the Supplier 100 of NAHB (National Association of Homebuilders).

Although specifics of Loewen’s discussion with Greenspan remain confidential, topics were set to include:

• Capital investments (hardware, equipment, software and training)
• Employment
• Inventories
• Product pricing
• Sales
• International markets
• Demand for residential and commercial construction

The meeting with Greenspan at the Federal Reserve followed a luncheon in the NAHB entrance atrium and a briefing by Dave Seiders, NAHB Chief Economist.

For inspired homeowners – and the designers, architects and builders they employ – Loewen is the wood window and door brand that delivers an unrivaled combination of artisanship and innovative, relevant design leadership in an extensive line of Douglas Fir and new Mahogany products.

A privately held Canadian corporation, Loewen has distribution around the world with a focus on the United States, Canada, Japan, the United Kingdom and Latin America.

Loewen celebrates its Centennial year in business in 2005.