<b>Republic Group Approves Merger</B>

Shareholders of Republic Group Inc. approved the merger of Republic with Premier Construction Products Acquisition Corp. The merger becomes effective November 9.

Upon completion of the merger, Republic will be the surviving corporation and a wholly-owned subsidiary of Premier Construction Products, Inc., a privately held entity and successor to Premier Construction Products Statutory Trust, the original party to the merger agreement.

Republic Group and its wholly-owned operating subsidiaries-Republic Paperboard Company, Republic Fiber Company, and Republic Gypsum Company-are manufacturers and marketers of 100% recycled paperboard, recovered paper fiber and gypsum wallboard.

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November 2000
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