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The Greater Houston Partnership, the largest business organization in the
Houston area, highlighted milestones reached, outlined its 2008 goals for the region, and installed
Dan Wolterman as its new board chairman during the city’s “first business meeting of the
year” on January 14, 2008.

Opportunity HoustonSM, the Partnership’s groundbreaking fundraising investment campaign
chaired by Astros owner Drayton McLane, has raised a record $30 million during its Phase I.
Clear Channel Outdoor just added itself to the list of investors today with a commitment of $1.4
million. The 5-year economic development marketing program is funded by public and private
sources. The $30 million raised to date is the largest total raised by any such organization
in the U.S. “The investors in this program are to be commended for their confidence in the
Partnership and in the value of an aggressive, sustained marketing initiative,” said Howard
Benson, CEO National Community Development Services, Inc. “This is an unprecedented
milestone, not only for the Partnership but for the Houston region. We are investing in our
future by creating jobs and attracting additional investment into the region,” said Jeff Moseley,
Partnership president and CEO.

Opportunity HoustonSM is part of the Greater Houston Partnership’s 10-year Strategic Plan
which aims to create 600,000 net regional jobs, attract $60 billion in capital investment, and
increase foreign trade by $120 billion for the greater Houston area.

With its $4 million commitment, Shell Oil Company is the largest investor in Opportunity
HoustonSM. Shell president and outgoing Partnership chairman John Hofmeister was
recognized for other crowning achievements during his tenure at the Partnership. He
welcomed president and CEO of Memorial Hermann Healthcare System Dan Wolterman as
the 2008 Chairman.

Wolterman introduced his 2008 theme: “Transforming the Partnership to Drive Regional
Prosperity.” Among the issues Wolterman will focus on during his tenure are: health care,
immigration, education, air quality, and the upcoming America’s Energy Future: Houston’s
Presidential Summit. “Improved access to healthcare, education, air quality and
comprehensive immigration policy are the areas we must address in order to create an
environment that businesses and families want to be a part of. It’s the right thing to do and
now’s the time to do it,” said Wolterman to the more than 1,500 business professionals in
attendance. Wolterman also announced Dan Bellow as his selection for vice chairman of the
board. Bellow is president of The Staubach Company Houston office.

The 2008 Partnership chairman also unveiled the Houston region’s new branding and
messaging which will be used by the region in future marketing campaigns. “This is not a ‘civic
brand,’ ” noted Wolterman. “This is a research-based messaging tool for job creation for the
Houston region. It is designed to capture the essence of our region focusing on those things
that are important to business leaders and investors.”

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