The L & L Company Relocates Frederick Division to 15,000 Square Feet at the Center At Monocacy

FREDERICK, MD (June 1, 2007) – The L & L Company has relocated its Frederick Division
office and showroom to 15,000 square feet of space at 5123 Pegasus Court at The Center @ Monocacy, a
423,000 square foot business community that is developed and owned by St. John Properties, Inc. The project –
one of three underway in the Frederick region by the Baltimore-based real estate developer – is located at the
intersection of Maryland Route 85 and Pegasus Court.

L & L — which operates twelve divisions throughout Maryland, Virginia, Delaware, Tennessee,
North Carolina and South Carolina – installs flooring and window products to the residential home building
industry. Headquartered in Manassas, Virginia, the firm was founded in 1964.

The company is utilizing its new space to warehouse products, maintain a showroom for
homebuyers to visit and make flooring and window covering selections for their new house, and as a base of
operations for its Frederick employees. “Frederick is among our most active markets, and this new location
provides consumers with a central and convenient spot to review our array of product lines,” stated Tim Kelley,
Division Manager for The L & L Company.

St. John Properties is a full-service real estate development company that has constructed and
manages nearly 13 million square feet of space throughout Maryland, Colorado, Louisiana, Virginia and
Wisconsin. The company is also presently developing two business communities in the Northern Virginia submarket
that will consist of more than two million square feet of space.

Founded in 1971 as MIE Properties, Inc., additional information about St. John Properties, Inc.
can be accessed at

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For additional information,

Contact: Larry Lichtenauer, Lawrence Howard & Associates, Inc.