Ward. Ranches. SUNDAY, MARCH 4, 2012 Gardnerville, Nevada 1 p.m., at the Ranch. The 6th Annual Offering MEAT GUTS

Ward Ranches SUNDAY, MARCH 4, 2012 Gardnerville, Nevada 1 p.m., at the Ranch The 6th Annual Offering MEAT GUTS PERFORMANCE GENETICS Salers Salers Optimizer Composites Angus Sale Guests: Sunken Canyon Ranch Jacobsen Ranch

6th Annual Ward Ranches SUNDAY, MARCH 4, 2012 Gardnerville, Nevada 1 p.m., at the Ranch Ward Ranches GARY WARD & FAMILY (775) 790-6148 P. O. Box 1404, Gardnerville, NV 89410 E-mail: wardranches24@yahoo.com Ranch: 1155 Foothill Rd., Gardnerville YOUR Western GENETIC SOURCE See map on inside back cover for directions to the sale site. SUNKEN CANYON RANCH Joe & Cheryl Gellings, Buhl, Idaho (208) 543-2270 Cell (208) 308-6901 Sale Guests: JACOBSEN SALERS RANCH Wade Jacobsen, Sun River, Montana (406) 264-5889 Cell (406) 799-5889 64 FALL 2010 SPRING 2011 RANCH-READY BULLS SELL 39 Salers & Salers/Angus Composites 25 Angus Performance test, ultrasound & Igenity results Bulls fertility tested & unconditionally guaranteed Salers bulls tested predominantly homozygous black All bulls tested BVD PI negative Free delivery to central locations within 500 miles Attention, Fall-Calving Ranchers: Come buy your bulls in the spring and take them home to your ranch to give them ample time to acclimate before turnout. You will be amazed at the added benefits you will gain when you sell your old bull and upgrade to a new Ward Ranches bull! Come join us Sunday, March 4 th! Please be our guest for lunch at 12 noon sale day! Final performance test results and ultrasound scan data available sale day.

W WELCOMETOTHESALE! Welcome to our 6th Annual Meat and Guts Performance Genetics Sale here at the ranch in Gardnerville, Nevada! As we prepare for the sale, the mountains above the ranch are beginning to gather snow on them. This is a welcome sight to those of us who have waited all winter to see this snow. This moisture was very much needed across the western region of the United States. We have not changed our format of selling the bulls on the video screen in the comfort of the sale barn. You will be able to view the bulls in the pens alongside the sale barn and return to the sale barn to watch the sale on the screen. The bulls will also be available for viewing on Saturday, March 3rd, the day before the sale. Gary Ward This summer we were able to visit with our friends and neighbors from across the Western United States about the purchases they have made here. The comments were very favorable; weaning weights were heavy and calving ease was excellent on the Ward Ranches bulls that were purchased from past sales. Their calves were born easy and grew well to wean heavy and continued on into the feedlot to finish with good carcass results. These bulls went out into a wide variety of environments from California to Eastern Oregon, Northern Nevada to Idaho. These bulls continued to work hard during breeding season and came back in after breeding season in good shape. Our focus has been, and continues to be, on cattle that are of moderate frame, heavy muscled and deep ribbed (i.e., Meat and Guts ). We also continue to demand cattle with good dispositions that will also finish well in the feedlot. But, most importantly, we want to produce a bull with the above traits that will also produce longevity in your cow herd. Coming back for this year s sale is Joe Gellings from Sunken Canyon Ranch. Joe s bulls were well received by the ranchers. Joe is a first-class person and operator of his ranch in Buhl, Idaho. Also coming back this year, after being away for a couple of years, is Wade Jacobsen of Jacobsen Ranch of Sun River, Montana. Wade and Joe have similar goals and demands when it comes to managing their purebred operations. Look for these very talented cattlemen around the pens on sale day for a visit about the cattle. Our calves are born on the ranch here in Gardnerville, Nevada, and shipped over the mountain to winter in Clements, California. When the calves come back in late spring to early summer to the Carson Valley, the bull calves are weaned and turned back out on grass for the summer. The bulls are able to grow into their frame and develop their feet and legs. In October, the bulls are sent to Snyder Feedlot in Yerington, Nevada, where Lucy Rechel and her crew continue to do a wonderful job of developing these bulls. They leave the ranch as boys and come back as men, ready to go to work for you. The bulls breeding requirements continue to be administered by Dr. Randy Wallstrum. We again tested bulls with the Igenity test. Among other traits, it measures tenderness, marbling, docility and hair coat for being homozygous black. We have continued to ultrasound our bulls to measure for ribeye and marbling. We try to provide as much information as possible for you, our customers, so you have the best opportunity to make sound decisions on your purchases. We feel that these bulls should add value to your program. We will continue to help you place your calves with a feedlot or order buyer program; just give us a call and let us help you. We look forward to visiting with you and seeing you the first weekend in March. Thanks so much for your continued support and confidence in our breeding program! Gary Ward & Family Ward Ranches From left: John, Katie, James, Gary and Madelyn Ward WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 1

WARD RANCHES SALE INFORMATION Sale Day Phones Gary Ward (775) 790-6148; Joe Gellings (208) 308-6901; Wade Jacobsen (406) 799-5889; Eric Duarte (541) 891-7863 Motel Accommodations Carson Valley Inn (775) 782-9711 Best Western, Minden (775) 782-7766 Holiday Inn Express, Minden (775) 782-7500 Harrah s, Lake Tahoe (775) 588-6611 Harvey s, Lake Tahoe (775) 588-2411 Sale Staff Eric Duarte, Auctioneer (541) 891-7863; Office (541) 533-2105 Dean Pike, American Salers Association (303) 810-7605 Logan Ipsen, Western Livestock Journal (916) 947-2392 Matt Macfarlane, California Cattleman (916) 803-3113 Absentee Bids If you would like to place a bid on any lot/s but will not be able to attend the sale, please feel free to contact the owners or any member of the sale staff. Sale Terms & Conditions Bulls will sell under Suggested Terms and Conditions of their respective breed association either the American Salers Association or the American Angus Association. Terms of the sale are cash, cashier s check or personal check, payable during or immediately following the sale. Bulls will not be released until after settlement has been made. Herd Health All bulls will be accompanied by proper certification for immediate interstate shipment. Bulls are negative for BVD PI and have been vaccinated for anaplasmosis. Herd veterinarian is Randy Wallstrum, D.V.M. Breeding Guarantee Bulls will be scrotal measured and will have carcass ultrasound information. Bulls will be semen checked with a passing grade and are guaranteed breeders. Guarantee is limited to purchase price. We reserve the right to have our veterinarian re-examine any bull examined by a purchaser s vet and claimed to be a non-breeder. No guarantee is given that semen collected from a bull will freeze. All bulls sell with a one-year unconditional guarantee. Trucking We will be glad to assist you in making the best possible trucking arrangements. We are offering free delivery to a central location up to 500 miles. Volume Discount Persons buying four or more bulls will receive a $100 discount off the total purchase price. Registration Certificates Bulls will be transferred through the respective breed association to the buyer at the seller s expense. Each buyer must be sure to give the sale clerk the proper name and address for making transfers. An updated certificate of registration will be mailed to the new owner at a later date. Sale advertising and catalog by Southwest TypeStyles (405) 381-3591 page 2 Note Announcements made sale day from the auction block will take precedence over statements in the sale book or advertising. We reserve the right to withdraw any sale lot not meeting our specifications prior to sale time. All persons who attend the sale do so at their own risk. Neither the owners nor any other person connected with the sale assumes liability, legal or otherwise, for accidents or loss of property. About EPDs The available Expected Progeny Difference (EPD) numbers are included in the catalog and were current as of 1/24/12, as reported by each individual s breed association. EPD is the prediction of how future progeny of each animal are expected to perform in each of the traits listed, relative to the progeny of other animals listed in the breed database. EPDs are expressed in units of measure for the trait, plus or minus. Performance records allow you to compare individuals of the same herd; EPDs allow you to compare individuals within a breed. EPDs do not allow you to compare individuals of different breeds. Interim EPDs may appear on young animals when their performance has yet to be incorporated into the American Angus Association National Cattle Evaluation (NCE) procedures. This EPD will be preceded by an I, and may or may not include the animal s own performance record for a particular trait, depending on its availability, appropriate contemporary grouping, or data edits needed for NCE. Breed average EPDs for 2010-born Salers calves: CED +0.2, BW +1.8, WW +41, YW +78, MILK +20, MARB +.00, REA +.03 Breed average EPDs for non-parent Angus bulls: CED +5, BW +1.8, WW +47, YW +85, MILK +22, MARB +.41, REA +.30 Calving Ease Direct (CED) is expressed as a difference in percentage of unassisted births, with a higher value indicating greater calving ease in firstcalf heifers. It predicts the average difference in ease with which a sire s calves will be born when he is bred to first-calf heifers. Birth Weight (BW) (pounds) is based on the measured birth weight of progeny, adjusted for dam age. The lower the value the lighter the calf at birth and the lower the likelihood of a difficult birth. This is particularly important when selecting sires for use on heifers. Weaning Weight (WW) (pounds) is calculated from the weight of progeny taken between 120 and 280 days of age. Values are adjusted to 205 days and for age of dam. This EPD is the best single estimate of an animal s genetic merit for growth to early ages. Yearling Weight (YW) (pounds) is calculated from the weight of progeny taken between 320 and 440 days of age, adjusted to 365 days and for age of dam. This EPD is the best single estimate of a sire s genetic merit for yearling weight. Milk (pounds) is an estimate of an animal s milking ability. For sires, this EPD indicates the effect of the daughters milking ability, inherited from the sire, on the weaning and yearling weights of her calves. Marbling EPD (Marb) is calculated from numeric scores assigned to each carcass quality grade division. Data is adjusted to a standard carcass weight of 750 lbs. Positive EPD values indicate greater numeric marbling scores at the same carcass weight. Ribeye Area EPD (REA) (square inches) is calculated from live animal ultrasound measurements and carcass measurements of ribeye area taken between the 12th and 13th rib and adjusted to a 750 lb. carcass weight. Ribeye area is closely associated with percent retail product when carcass weight is held constant. Sires with more positive REA EPDs are expected to produce better muscled and higher percentage yielding progeny at the same carcass weight than will sires with lower REA EPDs. WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

Why Salers? Why Angus? Why Not? BALANCED BUSINESS Twenty-six years ago, Ward Ranches purchased its first Salers bull at the Western Spotlight Salers Sale in Galt, California. We had an Angus-based commercial cow herd. The Salers were new to the industry at the time. We tried them because of the calving ease and the marbling quality. We started with 25 to 30 virgin Angus heifers that we bred to this Salers bull, making the calves 50% Angus/50% Salers. The following fall when we calved these heifers, we were surprised at the calving ease and the vigor in these calves. We were immediately sold on the two breeds being compatible with each other. The Angus and Salers offered both the maternal and carcass qualities that we were interested in. As we started to put together a purebred operation, we knew the qualities we had wanted in our commercial cattle operation, and we worked toward producing bulls that would work for the commercial cattleman. We have tried for generations now to build a cow herd that will produce bulls that pass on the traits that lead to profitability for you, the rancher. We want to create moderate-framed individuals that are easy fleshing and carry a lot of extra rib (i.e., guts). They need to have the ability to process the grass and convert it into pounds of flesh. Another goal was to produce cattle that will have optimal feed conversion in the feedlot. Our philosophy is like that of a supermarket. We need to produce a quality product to put on the auction block for the you, the shopper. We know that the Angus breed is known as the Business Breed and that the Salers breed is known as the Balanced Breed. Research has shown that both breeds demonstrate the traits for calving ease, maternal ability, weight gain, feedlot performance and carcass merit. These two breeds, Angus and Salers, complement each other. This sale offers you purebred Angus bulls, purebred Salers bulls and composite Angus/Salers bulls whichever fits your individual program or preference. WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 3

HERD SIRES REPRESENTED SALERS & SALERS/ANGUS COMPOSITE MEAT GUTS PERFORMANCE GENETICS The Reference Sires MAC Topeka 159T Ref. C MAC Topeka 159T 3/6/07 ASA: P642405 Tattoo: MAC159T Black Polled PB SA MAC Nox 382N MAC Lennox 314L BEV Masterpiece 110H MAC Hiawatha 81H P601990 WJM Jenilee 80J MAC McKinley 211Z WJM Denilee 83D MAC Royann 100R JMAC Granite 5G MAC McKinley 211Z JMAC Elili 3E P622973 MAC Miss Fosston 240F MAC Michaelangelo 66D MAC Miss Chance 151Y 0.4 +1.8 +43 +87 +23 +44.10 +.44 Owned by MacDonald Ranches and The Topeka Syndicate MAC F1 University 61U Ref. A MAC F1 University 61U 2/19/08 ASA: P652780 Tattoo: MAC61U Black Polled 50%SA,50%AN Mytty In Focus SAF Focus of ER SAF Fame GDAR Forever Lady 246 U633635 Mytty Countess 906 Sitz Alliance 6595 Baldridge Countess 357 MAC Senalda 82S BEV Masterpiece 110H MAC Michaelangelo 66D BEV Emma 262E 633433 MAC Black Heather 7H Polled Paycheque 2B MAC Festiva 141F +0.4 +1.4 +63 +120 +28 +59 +1.20.19 Owned by Ward Ranches Our selection from MacDonald Ranches Grand Champion Pen of Optimizer Bulls at the 2009 National Western Stock Show, University is homozygous black and has an Igenity score of 9 for the Tenderness gene. This sale includes the first sons of University we have offered. Ref. B JSR Eliminator 519R 2/14/05 ASA: 621498 Tattoo: JSR519R Black Horned 82%SA,13%AN JSR Sensation 911 Banner Sensation 427S Banner Miss 7 Half Diamond 239P P534659 JSR Ms Stoker 7261 AP Pld Stoker AC572E Miss 5176T GGT Pld Fullback 44H GGT P Blk Snap Shot 119E JSR Ms Fullback 3332 GGT Elsie 261C P600507 JSR Ms Grant 0345 Springdale Grant 89H JSR Ms Montana 7451 +0.6 +1.3 +52 +88 +19 +45 +.40.02 Owned by Ward Ranches and Rowell Cattle Company Ref. D H&S Mac JFW Packer 40F NRC Vicksburg 64C3 JFW Concordia 252C P583250 TDH Miss Karla 08K SRS Masterlink 9145C PBR Sweet Stuff 189H ABF Baxter 032H Springdale Baxter 23C H&S Miss Morning Glory TCF Miss Urus 2032B P605770 H&S Miss Flower H&S Polled Black Bud Ms Jacqueline Primette 1 0.3 +3.4 +36 +71 +19 +38 +.00 +.00 Ref. E H&S Tonka 6/11/2007 ASA: P638079 Tattoo: PCSM31T Black Polled PB SA Owned by Sunken Canyon Ranch; Maze Farms; H&S Farms MAC Relic 30R 2/5/05 ASA: P623153 Tattoo: MAC30R Black Polled 86% SA,14%AN JBS Equilizer 24J NRC Benzoic Pld NRC Polled Benz NRC Pld Lampe 114A P541808 JBS Miss Ruler 99G OPP Black Ruler 329C Miss Carol 81X TSB Pld Artist 135L TSB Polled Reverse 59E MAC Nostalgia 220N AP Polled Sable 63E P602082 MAC Kenya F1 295K Shady Ash Paragon 7250 MAC Ann Marie 46A +2.4 1.0 +56 +81 +23 +51 +1.00.07 Owned by Sunken Canyon Ranch and MacDonald Ranches page 4 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

HERD SIRES REPRESENTED ANGUS Ref. G 9/3/04 AAA: 15063258 Tattoo: D480 Angus # #DHD Traveler 6807 #Eila Eila of Conanga #13456210 # #Minerts Fortune 2000 Entegritys Best of Conanga #Basin Max 602C #GT Maximum DPL Foxy Goldie 1084 #Basin Eline Eric 315U #14733990 GDAR Wham 248 DPL Foxy Goldie 226 +9 1.6 +47 +91 +18 +.26 +.70 +29.30 +62.22 Owned by Ward Ranches and Dal Porto Livestock Schurrtop MC 2500 Ref. I MWBlackMC128 1/25/08 AAA: 16266171 Tattoo: 128 Angus Sire of Reference SiresI&J #Schurrtop MC #Papa Equator 2928 Schurrtop MC 2500 Schurrtop 1483 9024 #14840227 Schurrtop RS 1413 2153 Brooks Schurr Trend Ryans Schurrtop 2125 M&W Black Power 27 W&W Black Power 54 MW Miss Rosie 218 HBR Bessie 9036 14350244 M&W Miss Rosie 66 CA Bull Bailey 30X 367 Bairds Rose YUN69 +0 +1.7 +49 +85 +20 +.01 +.22 +28.73 +39.82 Owned by Jacobsen Ranch Ref. H 8/25/02 AAA: 14447097 Tattoo: B257 Angus #DHD Traveler 6807 #QAS Traveler 23-4 Rito 6I6 of 4B20 6807 #Bemindful Maid DHD 0807 #12530601 +Rita 4B20 of 0FB1 Bando #Tehama Bando 155 +Rita 0FB1 of 5H11 Fullback DPL Foxy Bess 834 #+VDAR Lucys Boy #Traveler 1148 GDAR +VDAR Pine Drive Lucy 5 13881806 DPL Foxy Bess 222 #Tehama Bando 155 DPL Foxy Bess +7 +1.0 +35 +59 +17 +.13 +.34 +26.34 +42.74 Owned by Dal Porto Livestock Ref. J Schurrtop 2500 J840 3/3/09 AAA: 16499434 Tattoo: J840 Angus #Schurrtop MC #Papa Equator 2928 Schurrtop MC 2500 Schurrtop 1483 9024 #14840227 Schurrtop RS 1413 2153 Brooks Schurr Trend Ryans Schurrtop 2125 Rally Dutchman 4068 Rally Dutchman 219 Schurrtop 4068 H657 Shady Brook Pride 100C 549G 15568870 Schurrtop 9447 X075 #Blevins Schurrtop Solution Schurrtop 8019 V528 5 +5.5 +54 +94 +25.03 +.06 +21.21 +43.22 Owned by Jacobsen Ranch Rito 6I6 of 4B20 6807 Sire of Reference Sire I and grandsire of several of the bulls selling Notes for Angus Bulls (s 40 64) Angus Pathfinder animals are indicated by the pound (#) sign preceding the name or registration number. Embryo transplants are indicated by the plus (+) sign preceding the name or registration number. Weaned Calf Value ($Wean): The expected average difference in future progeny performance for preweaning merit. $W includes both revenue and cost adjustments associated with differences in birth weight, weaning direct growth, maternal milk and mature cow size. Breed average for non-parent Angus bulls is +26.69. Beef Value ($B): The expected average difference in future progeny performance for postweaning and carcass value compared to progeny of other sires. Breed average for non-parent Angus bulls is +55.27. Most all of the bulls selling are free of potential known Angus genetic defects by parentage. Any potential carriers have been tested; test results will be available by sale day. WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 5

WARD RANCHES SALERS/ANGUS COMPOSITE BULLS FALL 2010 1 2 MEAT GUTS PERFORMANCE GENETICS The Salers & Optimizer Composite Bulls s 1 39 Ward X006 University 61U 9/20/10 ASA: P677648 Tattoo: WARDX006 Black Polled 75% SA,25%AN Mytty In Focus SAF Focus of ER MAC F1 University 61U Mytty Countess 906 P652780 MAC Senalda 82S BEV Masterpiece 110H MAC Black Heather 7H JSR Intimidator 510R GGT P Blk Capstone 16M Ward Intimidator U833 JSR Ms Goldie 7157 P659269 Ward Blk Strategy 003L JSR Strategy 948 Ward 3173C Banker 118J +3.0 +52 +97 +24 +50 1 Ward X004 University 61U 9/9/10 ASA: P677685 Tattoo: WARDX004 Black Polled 25% SA,75%AN Mytty In Focus SAF Focus of ER MAC F1 University 61U Mytty Countess 906 P652780 MAC Senalda 82S BEV Masterpiece 110H MAC Black Heather 7H Casino Objective B135 SS Objective T510 Ward Objective E841 Casino Annie Z145 U677663 Casino Erica A173 SAF Focus of ER Casino Erica S12 0.1 +51 +83 +14 +39 7 6 6 8 6 5 6 6 3 6 Yes BW 60 Act. WW 945 5 7 7 5 5 7 7 6 5 7 Yes BW 78 Act. WW 825 3 Ward X050 Timeline 9/27/10 ASA: P677639 Tattoo: WARDX050 Black Polled 45%SA,54%AN JSR Money Maker 420 CMC Mr Jamaca M44K Ward T72 Master Plan JSR Ms Pacific 2281 P649284 Ward 622 Edward 2409 JSR Edward 2409 Ward 43L Master Plan 419 1.0 +29 +74 +14 +29 5 8 8 6 4 5 4 5 6 7 Yes BW 70 Act. WW 780 4 Ward X011 University 61U 9/30/10 ASA: P677646 Tattoo: WARDX011 Black Polled 54%SA,46%AN Mytty In Focus SAF Focus of ER MAC F1 University 61U Mytty Countess 906 P652780 MAC Senalda 82S BEV Masterpiece 110H MAC Black Heather 7H MAC F1 Rainstar 15R CA Future Direction 5321 Ward Rainstar U822 MAC Black Flora 6F P5659312 Ward Edward 4S JSR Edward 2409 Ward 3173C Banker 4H +0.6 +41 +89 +24 +45 9 5 5 6 6 6 6 6 5 6 Yes BW 74 Act. WW 795 5 Ward X015 University 61U 10/6/10 ASA: P677687 Tattoo: WARDX015 Black Polled 25%SA,75%AN Mytty In Focus SAF Focus of ER MAC F1 University 61U Mytty Countess 906 P652780 MAC Senalda 82S BEV Masterpiece 110H MAC Black Heather 7H DPL Objective E561 SS Objective T510 0T26 Ward Objective E845 DPL Miss Edella 3032 U677677 Casino Echo Z129 SS Traveler 6807 T510 Casino Echo X129 +1.6 +44 +85 +15 +37 7 6 6 5 5 5 6 7 5 7 Yes BW 76 Act. WW 760 6 Ward X013 University 61U 10/8/10 ASA: P677688 Tattoo: WARDX016 Black Polled 25%SA,75%AN Mytty In Focus SAF Focus of ER MAC F1 University 61U Mytty Countess 906 P652780 MAC Senalda 82S BEV Masterpiece 110H MAC Black Heather 7H Ward Timeline E856 DPL Foxy Goldie 1084 U677679 Amethyst Echo Y124 SAF Focus of ER Amethyst Echo T121 +0.1 +36 +78 +15 +33 9 6 6 7 5 5 7 6 5 6 Yes BW 70 Act. WW 695 page 6 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

WARD RANCHES SALERS/ANGUS COMPOSITE BULLS FALL 2010 7 Ward X052 Timeline 10/8/10 ASA: P677632 Tattoo: WARDX052 Black Polled 42%SA,56%AN Ward 43L Master Plan 22N MJR Master Plan 43L Ward 6309 Master Plan 43 Ward 22K Banker 3173 P632985 MAC Janite 315J JMAC Granite 5G KPS Miss Mikado 1C Pld +0.4 +43 +94 +12 +34 6 8 8 7 6 6 6 6 5 8 No BW 82 Act. WW 855 8 Ward X054 Timeline 10/10/10 ASA: P677640 Tattoo: WARDX054 Black Polled 45%SA,54%AN JSR Money Maker 420 CMC Mr Jamaca M44K Ward T103 Money Maker JSR Ms Pacific 2281 P649274 Ward 960 Blk Special 502 D 360 Blk Special 960J DCS Sept Dream K22 0.3 +43 +92 +14 +35 5 8 8 7 6 5 6 5 6 7 Yes BW 74 Act. WW 795 9 Ward X055 Timeline 10/10/10 ASA: P677635 Tattoo: WARDX055 Black Polled 41%SA,50%AN JSR Money Maker 420 CMC Mr Jamaca M44K Ward Money Maker 035S JSR Ms Pacific 2281 P643413 Ward Masterpiece 10L W Masterpiece 107D Idaho Lady 5X 1.2 +30 +72 +15 +30 10 BW 76 Act. WW 790 Ward X056 Timeline 10/10/10 ASA: P677626 Tattoo: WARDX056 Black Polled 34%SA,63%AN JSR Strategy 948 AP Pld Strategy AC130F Ward 948 Strategy 323M JSR Ms Payday 7239 P603590 Ward 04CG Galaxy 47J Ward Polled Galaxy 04CG Ward 47G +0.9 +55 +109 +11 +39 4 7 7 7 6 4 5 8 5 6 Yes BW 84 Act. WW 975 11 LCY Banker 3173C LCY Bankshot 1222A Ward 07K Banker 3173 Flathead 76Y P570142 GWR Firelady 007C PBR Polled Firejack 115A Idaho Lady 7X +0.7 +53 +106 +12 +39 4 7 7 6 5 5 6 7 6 5 No BW 85 Act. WW 960 12 Ward X066 Time Line 10/25/10 ASA: P677622 Tattoo: WARDX066 Black Polled 42%SA,57%AN CNC Morrow F5H SRS Milestone 8629F DCS Sept Dream K22 CNC Pld Red Fox 5F P568914 DCS Carrot 78G CRCC Mr Metal 101D DCS Blk Carrot 78E +0.4 +30 +75 +13 +28 3 7 7 5 5 6 5 4 7 7 No BW 85 Act. WW 770 13 11 Ward X061 Timeline D480 10/21/10 ASA: P677619 Tattoo: WARDX061 Black Polled 44%SA,50%AN Ward X068 Timeline 10/25/10 ASA: P677641 Tattoo: WARDX068 Black Polled 50%SA,50%AN MJR Master Plan 43L SRS Masterpiece 8984F Ward T268 Master Plan MJR Pam 46H P649268 Ward 960 Blk Special 320 D 360 Blk Special 960J GWR Classic Black 010C +1.1 +45 +96 +13 +36 4 7 7 6 5 5 5 6 5 6 Yes BW 78 Act. WW 810 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 7

WARD RANCHES SALERS/ANGUS COMPOSITE BULLS FALL 2010 14 Ward X019 Mytty In Focus 10/27/10 ASA: P677651 Tattoo: WARDX019 Black Polled 46%SA,50%AN Mytty In Focus SAF Focus of ER SAF Fame GDAR Forever Lady 246 U633635 Mytty Countess 906 Sitz Alliance 6595 Baldridge Countess 357 MJR Master Plan 43L SRS Masterpiece 8984F Ward Master Plan U841 MJR Pam 46H P659270 Ward Blk Strategy 004L JSR Strategy 948 Ward 3173C Banker 03J 0.6 +40 +83 +19 +39 3 7 7 5 5 5 5 5 5 7 Yes BW 72 Act. WW 695 15 Ward X071 Timeline 11/4/10 ASA: P677638 Tattoo: WARDX071 Black Polled 34%SA,66%AN Ward Edward 59S JSR Edward 2409 Springdale Edward 148K JSR Ms Sensation 931 P643392 Ward 3173C Banker 041J LCY Banker 3173C Ward/Angus Dam 0.4 +28 +74 +14 +28 4 7 7 6 6 3 5 7 5 5 No BW 78 Act. WW 705 16 Ward X072 Time Line 11/6/10 ASA: P677623 Tattoo: WARDX072 Black Polled 34%SA,63%AN JSR Strategy 948 AP Pld Strategy AC130F Ward Blk Strategy 06L JSR Ms Payday 7239 P587231 Ward 04CG Galaxy 47J Ward Polled Galaxy 04CG Ward 47G +0.3 +53 +106 +11 +38 1 9 9 7 6 4 5 6 6 6 Yes BW 82 Act. WW 895 17 Ward X099 Eliminator 519 11/10/10 ASA: 677690 Tattoo: WARDX099 Black Horned 41%SA,57%AN JSR Sensation 911 Banner Sensation 427S JSR Eliminator 519R JSR Ms Stoker 7261 621498 JSR Ms Fullback 3332 GGT Pld Fullback 44H JSR Ms Grant 0345 Amethyst Echo Y46 OH Mr Rocket GGT P New Era 89K AP Polled Showgirl Y929E U677668 Amethyst Echo W105 Casino Renegade 952 Amethyst Echo T121 +0.7 +33 +59 +13 +29 9 7 7 7 6 4 4 9 4 5 BW 80 Act. WW 735 18 Ward Edward 4S JSR Edward 2409 Springdale Edward 148K JSR Ms Sensation 931 P643401 Ward 3173C Banker 4H LCY Banker 3173C Ward 4F 0.9 +31 +80 +12 +27 4 7 7 5 6 6 5 7 5 7 Yes BW 74 Act. WW 700 19 Ward X075 Timeline 11/16/10 ASA: P677631 Tattoo: WARDX075 Black Polled 50%SA,50%AN MJR Master Plan 43L SRS Masterpiece 8984F Ward 6119 Master Plan 43 MJR Pam 46H P632975 Ward 3173 Banker 19XH LCY Banker 3173C HCS Tradewind 0.8 +45 +92 +13 +35 4 6 6 6 6 5 7 6 5 8 Yes BW 74 Act. WW 790 20 18 Ward X074 Timeline 11/16/10 ASA: P677634 Tattoo: WARDX074 Black Polled 34%SA,66%AN Ward X080 Rito 6I6 B257 12/3/10 ASA: P677642 Tattoo: WARDX080 Black Polled 50%SA,50%AN Rito 6I6 of 4B20 6807 DHD Traveler 6807 Rita 4B20 of 0FB1 Bando U625445 DPL Foxy Bess 834 VDAR Lucys Boy DPL Foxy Bess 222 JSR Intimidator 510R GGT P Blk Capstone 16M Ward T296 Intimidator JSR Ms Goldie 7157 P649255 MAC Janite 315J JMAC Granite 5G KPS Miss Mikado 1C Pld +1.6 +51 +100 +12 +38 9 7 7 7 6 5 4 8 3 7 Yes BW 80 Act. WW 850 page 8 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

WARD RANCHES SALERS/ANGUS COMPOSITE BULLS JANUARY 2011 21 Ward Y01 University 61U 1/10/11 ASA: P677689 Tattoo: WARDY01 Black Polled 25%SA,75%AN Mytty In Focus SAF Focus of ER MAC F1 University 61U Mytty Countess 906 P652780 MAC Senalda 82S BEV Masterpiece 110H MAC Black Heather 7H Ward Timeline E854 DPL Foxy Goldie 1084 U677684 Casino Pride Z94 SAF Focus of ER Casino Pride V16 +0.2 +41 +85 +15 +36 6 7 7 6 5 6 7 7 5 8 Yes BW 76 Act. WW 575 22 Ward Y03 Timeline D480 1/18/11 ASA: P677616 Tattoo: WARDY03 Black Polled 50%SA,50%AN LCY Banker 3173C LCY Bankshot 1222A Ward 3173 Banker 19CH Flathead 76Y P554884 GWR Fire Lady PBR Polled Firejack 115A HCS Tradewind 0.9 +45 +92 +14 +36 6 6 6 6 6 5 4 7 4 6 No BW 70 Act. WW 610 As a means to provide potential customers with additional genetic information to aid in the selection process for the economically important traits, the Ward Ranches and Sunken Canyon 2012 sale bulls have been tested for numerous traits. Using the power of DNA, Igenity helps you understand and manage the potential for animals to perform and transmit traits of economic importance. Carcass Quality The Igenity profile score for Tenderness score represents animals genetic potential for tenderness as measured by the Warner Bratzler Shear Force (WBSF) test, with 10 being the most tender and 1 the least tender. The Igenity profile scores for %Choice and Marbling reflect extremely powerful multiple marker analyses which are indicative of an animal s potential for intramuscular fat deposition and Choice or better Quality Grade carcasses. The Igenity profile score for Marbling Scores translate to the 100 to 999 scale, where 400 represents low Choice. Marbling score is particularly useful in deciding between animals with similar marbling EPDs or ultrasound data. The Igenity profile for %Choice reflects the percent Choice or higher so 64.4% more animals with an Igenity %Choice score of 10 will grade Choice or higher than animals with a score of 1. Carcass Composition The Igenity profile scores for Yield Grade, Ribeye Area and Backfat Thickness are calculated using multiple DNA markers that reflect the animal s genetic potential for these traits. For example, animals with an Igenity profile score of 10 for Ribeye Area will have a 2.56 inch larger ribeye than animals which score a 1. Ribeye Area is scored in square inches, Backfat in inches, and Yield Grade in Yield Grade scores (1-5). These Igenity results provide a more complete picture of the Carcass Composition potential for an animal. Maternal and Reproductive Traits Reproduction is arguably the most economically important trait for cow/calf producers. IGENITY RESULTS KEY Heifer Pregnancy Rate is a heifer s chance at becoming pregnant over a normal breeding season, relative to other heifers. Stayability is the chance a heifer will remain in the herd until at least six years old, relative to other animals. Maternal Calving Ease is measured as the percentage of unassisted births. A higher value is greater calving ease. These Igenity profiles can be used to make replacement heifer decisions as well as be used to select future maternal sires. Docility Calm cattle are not just about handler safety. Calm cattle eat more, have better response to vaccinations and preconditioning and are more tender. The Igenity profile for docility is the animal s genetic potential to be extremely calm, or to have calm offspring. Higher scores from Igenity for this trait indicate a higher percentage of calves that possess acceptable behavior. Coat Color The Igenity Coat Color analysis looks at the genes that determine red or black coat color. Results are reported as Yes (Homozygous Black) or No (Not Homozygous Black). The black gene is dominant over red. Black animals may carry one or two copies of the black gene. Only homozygous black animals will have 100% black offspring. The result of this test is presented for the black Salers bulls in this sale book. NR (No Result) Some samples may look normal but still are unable to produce acceptable results. This often occurs due to contaminants that are undetectable to the naked eye, dirt, mold or other foreign matter. We invite you to learn more about applying these test results by visiting www.igenity.com for additional information. Usingthe1to10 The values listed in the chart at right reflect the relative difference expected in animals compared to contemporaries with an Igenity profile score of 1. Higher scores are not necessarily better it just means that the animal has the potential for more of that trait. For the most informed decisions, use Igenity profiles in conjunction with other selection and management tools, like conformation and EPDs. Select the scores which are best for your animals and your operation. IGENITY and the Igenity logo are registered trademarks of Merial. 2010 Merial Limited, Duluth, GA. All rights reserved. 1-877-IGENITY www.igenity.com WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 9

SUNKEN CANYON RANCH SALERS & SALERS/ANGUS COMPOSITE BULLS FALL 2010 Sale Guest SUNKEN CANYON RANCH Joe & Cheryl Gellings, Buhl, Idaho (208) 543-2270 Cell (208) 308-6901 A third-generation eastern Idaho potato farmer, I went to work right out of high school on the family farm. Cheryl and I married in 1975 and started in the cattle business by purchasing 125 Herefords. In addition to raising potatoes and cattle, we also grew grain and alfalfa and custom fed excess hay. Dean Shenton, whom I custom fed for, brought in some Salers cattle and I fell in love with them! We purchased Salers bulls from Lacey Ranches to use on our commercial cattle, loved the results and went further, purchasing foundation females to start our registered herd. We never looked back, running as many as 175 mother cows and continually wanting to improve genetics. We ve purchased bulls from what we feel have been some of the best programs in the Salers breed. As much as we enjoy the cattle, we have also enjoyed the people and fellow cattlemen we ve met along the way. We purchased half interest in the 2009 National Champion Bull, H&S Tonka. Proudly so, we ve now been in the Registered Salers business for more than 20 years. We consign annually to the Salers Supreme, Denver National and Idaho Salers sales as well as private treaty. We have two daughters Alicia, who has special needs, has always enjoyed being around the cattle, and Whitney showed Salers cattle while participating in 4-H for several years. Whitney and her husband now have two children, Hayden and Delainee. We re looking forward to having our grandchildren show their first calf. Having recently downsized our herd has allowed us to concentrate even more on quality rather than quantity. We think you will agree that our small offering to the Ward Ranches sale is an outstanding set of bulls, added to Gary s lineup. We re very excited to have Gary invite us to join him again in this annual event and are looking forward to serving all our past, present and future customers. Sincerely, Joe and Cheryl Gellings s 23 32 23 JCG Generation 018X 8/30/10 ASA: P674113 Tattoo: JCG018X Black Polled 93%SA,4%AN H&S Tonka H&S Mac JFW Packer 40F TDH Miss Karla 08K P638079 H&S Miss Morning Glory ABF Baxter 032H H&S Miss Flower JCG Frieda 005R TSB Polled Tug 77M Springdale Bridger 30K TSB Pld Kate 56H P625220 JCG Miss Red Hot 009M DLB Exchange 9881J JCG Miss Show Classic 0.8 +3.7 +47 +85 +21 +44 +.00 +.03 4 4 4 4 4 4 6 6 4 7 No BW 83 Act. WW 680 24 JCG Bounty 020X 9/3/10 ASA: P674114 Tattoo: JCG020X Black Polled 62%SA,35%AN MAC Relic 30R JBS Equilizer 24J NRC Benzoic Pld JBS Miss Ruler 99G P623153 MAC Nostalgia 220N TSB Pld Artist 135L MAC Kenya F1 295K Gellings Angus Angus JCG Miss Nelly 057L Angus P585707 Miss GKS Black Nero B119 SBS Black Nero 37Z GKS Phoenix 48S +1.1 +0.5 +49 +80 +15 +40 +1.00.08 6 6 6 5 4 5 6 8 6 6 Yes BW 80 Act. WW 650 25 JCG Tonmaker 023X 9/12/10 ASA: P674116 Tattoo: JCG023X Black Polled PB SA 25 H&S Tonka H&S Mac JFW Packer 40F TDH Miss Karla 08K P638079 H&S Miss Morning Glory ABF Baxter 032H H&S Miss Flower JCG Destiny 069R TFI Polled Aftershock AP Polled Genesis XZ64F AP Polled Peggie UA142C P630436 JCG Ms MMS 1105J JCG My Moonshine 204D JCG Ms Blackstar Tamra 0.4 +3.8 +38 +69 +20 +39.50 +.08 3 8 8 6 6 6 5 7 5 6 No BW 89 Act. WW 600 page 10 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

WARD RANCHES SALERS & SALERS/ANGUS COMPOSITE BULLS FALL 2010 26 JCG Topic 024X 9/18/10 ASA: P674117 Tattoo: JCG024X Black Polled PB SA MAC Topeka 159T MAC Nox 382N MAC Lennox 314L WJM Jenilee 80J P642405 MAC Royann 100R JMAC Granite 5G MAC Miss Fosston 240F JCG Undem 031U JSR Jamaca 431 CMC Mr Jamaca M44K JSR Ms Pacific 2188 P657659 JCG Miss Ella 020M DLB Exchange 9881J JCG MMS 1224G +0.2 +1.0 +35 +73 +23 +40.10 +.27 3 6 6 6 5 4 8 7 5 5 Yes BW 78 Act. WW 510 27 JCG Monitor 026X 10/5/10 ASA: P674119 Tattoo: JCG026X Black Polled PB SA H&S Tonka H&S Mac JFW Packer 40F TDH Miss Karla 08K P638079 H&S Miss Morning Glory ABF Baxter 032H H&S Miss Flower JCG Champagne TFI Polled Aftershock AP Polled Genesis XZ64F AP Polled Peggie UA142C P638242 JCG Miss Show Classic Mr SCF Black Classic A1 6M Total Showgirl +0.0 +3.0 +36 +67 +20 +38.50 +.03 4 8 8 6 5 4 8 8 6 6 Yes BW 80 Act. WW 530 28 JCG Federal 028X 11/18/10 ASA: P674121 Tattoo: JCG028X Black Polled PB SA H&S Tonka H&S Mac JFW Packer 40F TDH Miss Karla 08K P638079 H&S Miss Morning Glory ABF Baxter 032H H&S Miss Flower JCG Delainee 005S TSB Polled Tug 77M Springdale Bridger 30K TSB Pld Kate 56H P630446 JCG Ms MMS 1016J JCG My Moonshine 204D LCY Miss Racey 1184A 0.2 +2.8 +37 +72 +20 +38 +.10 +.04 3 7 7 5 4 6 6 7 5 7 Yes BW 79 Act. WW 710 29 JCG Bender 063X 9/11/10 ASA: P674134 Tattoo: JCG063X Black Polled 85%SA,9%AN MAC Relic 30R JBS Equilizer 24J NRC Benzoic Pld JBS Miss Ruler 99G P623153 MAC Nostalgia 220N TSB Pld Artist 135L MAC Kenya F1 295K JCG Sally DLB Exchange 9881J NRC Vicksburg 64C3 SRS Miss Upset 8881X P601677 JCG Black Light Girl Mr SCF Black Light Z14 6M Ms Paycheck 16Y +1.3 +0.0 +51 +82 +18 +43 +.30 +.00 4 6 6 6 5 5 7 7 6 5 No BW 75 Act. WW 800 30 JCG Berkley 065X 9/10/10 ASA: P674135 Tattoo: JCG065X Red Polled 89%SA,11%AN MAC Relic 30R JBS Equilizer 24J NRC Benzoic Pld JBS Miss Ruler 99G P623153 MAC Nostalgia 220N TSB Pld Artist 135L MAC Kenya F1 295K TFI Polled Aftershock AP Polled Genesis XZ64F JCG Ms Red Head 003M AP Polled Peggie UA142C P585745 D 6104 Ms Millenium 013K D Millennium 6104F D 55 Miss Metal 8137H +2.1 0.3 +36 +57 +13 +31 +.00.04 6 6 6 5 4 5 8 7 7 6 No BW 72 Act. WW 605 31 JCG Barbados 067X 9/12/10 ASA: P674137 Tattoo: JCG067X Black Polled 93%SA,7%AN MAC Relic 30R JBS Equilizer 24J NRC Benzoic Pld JBS Miss Ruler 99G P623153 MAC Nostalgia 220N TSB Pld Artist 135L MAC Kenya F1 295K JCG Page TFI Polled Aftershock AP Polled Genesis XZ64F AP Polled Peggie UA142C P618547 JCG B J 830F DBH Polled Bojack 60A JCG Ms Blackstar Emily +1.6 +0.5 +50 +83 +20 +45.10 +.08 4 7 7 6 6 4 7 7 5 7 Yes BW 78 Act. WW 815 32 JCG Mercury 073X 10/16/10 ASA: P674144 Tattoo: JCG073X Black Polled 93%SA,7%AN MAC Relic 30R JBS Equilizer 24J NRC Benzoic Pld JBS Miss Ruler 99G P623153 MAC Nostalgia 220N TSB Pld Artist 135L MAC Kenya F1 295K Meyer Ms 277M KTC Pld Falon RTR Black Talon 53E ECR Gold Fonatine 286E P593717 Meyer Ms H036 JJB Pld Calvin X19C MBF Ms D711 +1.1 +1.5 +50 +80 +22 +47 +.50.02 3 6 6 7 7 3 7 7 6 6 Yes BW 65 Act. WW 600 29 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 11

JACOBSEN SALERS RANCH SALERS/ANGUS COMPOSITE BULLS SPRING 2011 MmmmN s 33 39 n o JACOBSEN SALERS RANCH 36 JSR Black Mac 1181Y 3/18/11 ASA: P675185 Tattoo: JSR1181Y Black Polled 34%SA,63%AN MW Black MC 128 Schurrtop MC 2500 Schurrtop MC Schurrtop RS 1413 213 U674981 MW Miss Rosie 218 M&W Black Power 27 M&W Miss Rosie 66 AP Pld Alumni ZD691F AP Pld Dignitary XA226D Wade Jacobsen, Sun River, Montana JSR Ms Alumni 0178 AP Pld Ebony Love WZ691D P552594 JSR Ms Angus 3231C Montana Power 11 GFAR (406) 264-5889 OpppP JSR Miss Banner 9150Y Cell (406) 799-5889 0.3 +1.7 +27 +62 +10 +23 +.90.08 BW 83 Adj. WW 580 33 JSR Black Mac 194Y 3/6/11 ASA: P675104 Tattoo: JSR194Y Black Polled 27%SA,73%AN MW Black MC 128 Schurrtop MC 2500 Schurrtop MC Schurrtop RS 1413 213 U674981 MW Miss Rosie 218 M&W Black Power 27 M&W Miss Rosie 66 CMC Mr Jamaca M44K PRK Jamaica 9702J JSR Ms Jamaca 875U CMC Miss Star K44G P652015 JSR Ms Secret 289M BT Top Secret 322J JSR Ms Power Drive 7403 0.5 +2.2 +42 +84 +10 +31 +1.30.07 BW 83 Adj. WW 638 37 JSR Topline 1182Y 3/18/11 ASA: P675186 Tattoo: JSR1182Y Black Polled 27%SA,66%AN Schurrtop MC 2500 Schurrtop MC Schurrtop 2500 J840 Schurrtop RS 1413 2153 U674969 Schurrtop 4068 H657 Rally Dutchman 4068 Schurrtop 9447 X075 CMC Mr Jamaca M44K PRK Jamaica 9702J JSR Ms Jamaca 725 CMC Miss Star K44G P642786 JSR Ms Bullion 8180 KC Jim 9356 JSR Ms Bullion 1537A +0.7 +0.0 +42 +81 +14 +35 +1.10.05 BW 72 Adj. WW 642 34 JSR Topline 1156Y 3/16/11 ASA: P675160 Tattoo: JSR1156Y Black Polled 43%SA,51%AN Schurrtop MC 2500 Schurrtop MC Schurrtop 2500 J840 Schurrtop RS 1413 2153 U674969 Schurrtop 4068 H657 Rally Dutchman 4068 Schurrtop 9447 X075 AP Pld Alumni ZD691F AP Pld Dignitary XA226D JSR Ms Alumni 1187 AP Pld Ebony Love WZ691D P570858 JSR Ms Patriarch 5344E AP Pld Patriarch UX155B JSR Ms Bullion 1449A 0.1 +1.7 +51 +92 +9 +35 +.50.05 BW 80 Adj. WW 658 38 JSR Design Plus 1212Y 3/23/11 ASA: P675215 Tattoo: JSR1212Y Black Polled 45%SA,55%AN HH Whiskey 624Y DJF Whiskey River 9006W MW Cnt DesignPlus 549 of 145 HH Cowgirl 614S U674962 MW Miss Century Lass 145 M&W Black Power 27 W&W Century Lass 454 JSR Ms CD 2147 CD K001 D Onaka 745G CD Mary H49 P583940 JSR Ms Spectrum 8107 ARN Spectrum 11D JSR Ms 379C 535E +0.2 +1.5 +36 +73 +8 +26 +1.10.13 BW 79 Adj. WW 625 35 JSR Topline 1176Y 3/18/11 ASA: P675180 Tattoo: JSR1176Y Black Polled 34%SA,63%AN Schurrtop MC 2500 Schurrtop MC Schurrtop 2500 J840 Schurrtop RS 1413 2153 U674969 Schurrtop 4068 H657 Rally Dutchman 4068 Schurrtop 9447 X075 JSR Ms Ed 3382 Springdale Edward 148K AMC Pld Galaxy 11G Springdale Mary Jane 89G P600520 JSR Ms Power 7372 Montana Power 11 GFAR JSR Miss Prince 506T +0.1 +1.1 +46 +89 +12 +34 +1.10.05 BW 76 Adj. WW 649 39 JSR Design Plus 1221Y 3/25/11 ASA: P675222 Tattoo: JSR1221Y Black Polled 50%SA,50%AN HH Whiskey 624Y DJF Whiskey River 9006W MW Cnt DesignPlus 549 of 145 HH Cowgirl 614S U674962 MW Miss Century Lass 145 M&W Black Power 27 W&W Century Lass 454 ECR Polled Gold 909C MBF Gold Bar JSR Ms Goldie 7297 SOR Lombre 268S P497781 JSR Ms Mercedes 3227C AP Polled Mercedes X155Z JSR Ms Manitou 1189A +0.0 +2.2 +50 +91 +16 +40 +.90.06 BW 82 Adj. WW 731 page 12 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

WARD RANCHES ANGUS BULLS FALL 2010 MEAT GUTS PERFORMANCE GENETICS The Purebred Angus Bulls s 40 64 42 Ward G034 Timeline D480 10/13/10 AAA: 17112889 Tattoo: G034 Angus # # # Casino Echo Z129 #SS Traveler 6807 T510 #DHD Traveler 6807 #SS Miss Hi Spade A114 14697025 Casino Echo X129 #Sitz Alliance 6595 Casino Echo S80 I+6 I+0.8 I+44 I+84 I+17 I+.37 I+.43 +25.21 +56.66 6 7 7 7 6 5 3 7 4 6 BW 72 Act. WW 790 40 # # # Casino Lady X50 #Sitz Alliance 6595 #Sitz Traveler 8180 #Sitz Barbaramere Jet 2698 13985779 Casino Lady S101 Tehama Potter 206 Casino Lady P50 I+6 I+0.7 I+41 I+76 I+21 I+.35 I+.25 +26.93 +51.39 3 8 8 7 6 4 5 7 6 7 BW 76 Act. WW 755 41 Ward G032 Timeline D480 10/10/10 AAA: 17112887 Tattoo: G032 Angus Ward G033 Timeline D480 10/10/10 AAA: 17112888 Tattoo: G033 Angus # # # #SAF Focus of ER #SAF Fame Amethyst Echo Y124 GDAR Forever Lady 246 +14431446 Amethyst Echo T121 #Westwind Rito 8503 DJH 019 Amethyst Echo A73 I+9 I 0.2 I+43 I+85 I+18 I+.29 I+.43 +25.34 +57.70 6 7 7 7 7 5 4 6 4 7 BW 77 Act. WW 940 40 43 43 # # # Casino Lady A154 #Sitz Alliance 6595 #Sitz Traveler 8180 #Sitz Barbaramere Jet 2698 15033431 Casino Lady X148 #TC Stockman 365 Casino Lady P97 I+5 I+1.1 I+45 I+84 I+22 I+.29 I+.37 +27.13 +55.87 6 7 7 6 5 5 4 8 5 7 BW 65 Act. WW 875 44 Ward G035 Timeline D480 10/14/10 AAA: 17112890 Tattoo: G035 Angus Ward G039 Timeline D480 10/15/10 AAA: 17112891 Tattoo: G039 Angus # # # Casino Annie Y141 #SAF Focus of ER #SAF Fame GDAR Forever Lady 246 14432595 Casino Annie V91 #Schurrtop Supreme Casino Annie R08 I+10 I 0.6 I+45 I+84 I+18 I+.34 I+.30 +28.00 +55.14 4 7 7 6 4 4 5 7 6 8 BW 74 Act. WW 805 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 13

WARD RANCHES ANGUS BULLS FALL 2010 45 Ward G042 Timeline D480 10/20/10 AAA: 17112892 Tattoo: G042 Angus # # # #Bon View New Design 1407 #B/R New Design 036 Amethyst Echo A167 Bon View Pride 664 15030815 Amethyst Echo S151 #DHD Traveler 6807 Amethyst Echo 01 I+8 I+0.1 I+45 I+81 I+20 I+.34 I+.61 +29.11 +60.13 3 7 7 6 5 4 4 5 6 6 BW 78 Act. WW 760 46 Ward G045 Rito 6I6 B257 10/24/10 AAA: 17116725 Tattoo: G045 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Ward Lady C93 #SS Objective T510 0T26 #SS Traveler 6807 T510 SS Miss Rita R011 7R8 15340239 Casino Lady X29 #SAF Fame Casino Lady N102 I+8 I+1.2 I+44 I+75 I+18 I+.31 I+.40 +28.54 +45.54 4 6 6 8 7 4 4 6 2 6 BW 70 Act. WW 700 47 Ward G047 Timeline D480 10/27/10 AAA: 17112893 Tattoo: G047 Angus His sons sell # # # Casino Renegade S52 #DHD Traveler 6807 Casino Blackbird W118 #Casino Rose N31 13707593 Casino Blackbird S117 Tehama Potter 206 Casino Blackbird N49 I+10 I 0.9 I+40 I+72 I+18 I+.15 I+.31 +28.56 +45.49 3 6 6 9 6 5 5 5 4 7 BW 82 Act. WW 715 48 Ward G051 Timeline D480 10/31/10 AAA: 17112894 Tattoo: G051 Angus # # # #LF New Trend 4100 #VDAR New Trend 784 DPL Chaparrel 4001 #Lazy Four Lucy 003 15755572 DPL Chaparrel 320 #DHD Traveler 6807 DPL Chaparrel 128 I+6 I+0.5 I+43 I+80 I+17 I+.16 I+.40 +26.22 +48.90 7 6 6 7 5 6 4 7 5 7 BW 82 Act. WW 840 49 Ward G052 Timeline D480 11/1/10 AAA: 17112895 Tattoo: G052 Angus # # # #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 Casino Entella A157 +Rita 4B20 of 0FB1 Bando 15032606 Casino Entella Y108 #LF New Trend 4100 Casino Entella M03 I+11 I 1.5 I+42 I+82 I+15 I+.20 I+.56 +26.43 +52.59 7 7 7 8 7 5 5 7 4 5 BW 78 Act. WW 695 50 Ward G053 Timeline D480 11/1/10 AAA: 17112896 Tattoo: G053 Angus # # # Amethyst Echo A25 #Summitcrest High Prime 0H29 #Gardens Prime Time Summitcrest Missie 2F55 15617989 Casino Echo W44 #SAF Fame SM Executive Perla R122 I+6 I+0.4 I+42 I+77 I+16 I+.39 I+.48 +26.27 +59.25 5 7 7 7 5 5 5 7 5 8 BW 84 Act. WW 725 51 Ward G059 Timeline D480 11/10/10 AAA: 17137340 Tattoo: G059 Angus # # # #CA Future Direction 5321 #GAR Precision 1680 Casino Blackbird Trina Z19 CA Miss Power Fix 308 14517933 Gonsalves Blackbird Trina #VDAR New Trend 315 Sequoia Dyna Lady Q 4708 I+5 I+0.7 I+42 I+78 I+22 I+.44 I+.56 +27.28 +63.14 4 8 8 7 7 4 3 7 4 7 BW 78 Act. WW 785 page 14 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

WARD RANCHES ANGUS BULLS LATE FALL 2010 52 Ward G062 Rito 6I6 B257 12/13/10 AAA: 17116712 Tattoo: G062 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Casino Lady Z23 #Bon View New Design 1407 #B/R New Design 036 Bon View Pride 664 14517931 Casino Lady T20 #Westwind Rito 8503 DJH 019 Casino Lady P50 I+7 I+1.1 I+33 I+63 I+23 I+.38 I+.24 +24.57 +49.55 6 6 6 8 6 5 3 7 2 7 BW 82 Act. WW 735 53 Ward G065 Rito 6I6 B257 12/21/10 AAA: 17116714 Tattoo: G065 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Casino Erica A173 #SAF Focus of ER #SAF Fame GDAR Forever Lady 246 +15050469 Casino Erica S12 #+GAR Sleep Easy 1009 Casino Erica P27 I+8 I+0.8 I+39 I+69 I+20 I+.31 I+.16 +27.12 +46.14 7 6 6 6 6 5 6 6 5 7 BW 85 Act. WW 685 54 Ward G066 Rito 6I6 B257 12/29/10 AAA: 17116715 Tattoo: G066 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Ward Echo D156 #Mytty In Focus #SAF Focus of ER Mytty Countess 906 16032655 Casino Echo Z129 #SS Traveler 6807 T510 (Sire / Dam) Casino Echo X129 CED BW WW YW Milk Marb. REA +7 / I+8 +1.0 / I+0.9 +35 / I+47 +59 / I+88 +17 / I+21 +.13 / I+.58 +.34 / I+.05 6 6 6 6 6 7 5 7 3 8 BW 68 Act. WW 700 55 Ward G067 Rito 6I6 B257 11/29/10 AAA: 17116717 Tattoo: G067 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Casino Lady B16 # # # 15196218 Casino Lady Z81 #Bon View New Design 1407 Casino Lady W27 I+11 I 0.4 I+36 I+65 I+17 I+.34 I+.45 +26.73 +53.86 7 6 6 6 4 4 5 7 6 5 BW 74 Act. WW 730 56 Ward G069 Rito 6I6 B257 12/3/10 AAA: 17116719 Tattoo: G069 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Ward Pride C68 #Bon View New Design 1407 #B/R New Design 036 Bon View Pride 664 15340241 Casino Pride X150 #Rito 6I6 of 4B20 6807 Casino Pride V146 I+9 I+0.7 I+37 I+68 I+22 +26.70 7 6 6 5 4 4 5 8 5 6 BW 84 Act. WW 700 57 Ward G075 Rito 6I6 B257 12/22/10 AAA: 17116721 Tattoo: G075 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 #+GAR US Premium Beef #GAR Precision 1680 Ward Blackbird C75 GAR EXT 2928 15340244 Casino Blackbird W101 Casino Renegade S52 Casino Blackbird R47 I+5 I+1.7 I+35 I+63 I+16 I+.15 I+.35 +23.69 +45.91 6 7 7 8 7 5 4 7 5 7 BW 80 Act. WW 635 58 Ward G074 Rito 6I6 B257 12/23/10 AAA: 17116722 Tattoo: G074 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Ward Echo D148 #SS Objective T510 0T26 #SS Traveler 6807 T510 SS Miss Rita R011 7R8 16032648 +Amethyst Echo Y124 #SAF Focus of ER (Sire / Dam) Amethyst Echo T121 CED BW WW YW Milk Marb. REA +7 / I+10 +1.0 / I+1.1 +35 / I+55 +59 / I+101 +17 / I+25 +.13 / I+.56 +.34 / I+.45 4 7 7 6 5 4 6 7 7 7 BW 82 Act. WW 750 59 Ward G073 Rito 6I6 B257 12/29/10 AAA: 17116723 Tattoo: G073 Angus #Rito 6I6 of 4B20 6807 #DHD Traveler 6807 +Rita 4B20 of 0FB1 Bando 14447097 DPL Foxy Bess 834 #+VDAR Lucys Boy DPL Foxy Bess 222 Casino Annie B65 #+SAF Connection #+SVF GDAR 216 LTD +SAF Royal Queen 5084 15196261 #Casino Annie Y95 #Summitcrest Prime Cut 1G42 Casino Annie U94 I+6 I+1.4 I+40 I+70 I+22 I+.25 I+.23 +27.80 +46.97 7 8 8 7 5 5 6 8 5 7 BW 85 Act. WW 765 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA page 15

JACOBSEN RANCHES ANGUS BULLS SPRING 2011 MmmmN s 60 64 n o OpppP JACOBSEN RANCH Wade Jacobsen, Sun River, Montana (406) 264-5889 Cell (406) 799-5889 62 JR Mr Black 1656 4/23/11 AAA: 17103593 Tattoo: 1656 Angus MW Black MC 128 #Schurrtop MC 2500 #Schurrtop MC Schurrtop RS 1413 2153 16266171 MW Miss Rosie 218 M&W Black Power 27 M&W Miss Rosie 66 SAV Net Worth 4200 #SAV 8180 Traveler 004 JR Ms Net Worth 7604 +SAV May 2410 16448412 JR Ms Stockman 0606 BTR Stockman 810 DDA Stela 377 +1 +2.3 +48 +82 +22 +28.15 BW 80 Act. WW 687 60 JR Mr Broadside 1615 3/17/11 AAA: 17103590 Tattoo: 1615 Angus MA Broadside 1334-822 #Bon View New Design 878 MW King Broadside 79 of 506 MA Miss Emulous 822 16496549 MW Queen of Arlee 506 McCord MW Queen of Arlee 332 JR Ms Talon 8617 PCC Talon S601 +ER Talon N738 +ER Lass H023 16432285 JR Ms Stockman 0616 BTR Stockman 810 Doly MV 524 +0 +2.2 +53 +92 +20 +28.26 BW 79 Act. WW 671 60 63 JR Mr Black 1657 4/23/11 AAA: 17103592 Tattoo: 1657 Angus MW Black MC 128 #Schurrtop MC 2500 #Schurrtop MC Schurrtop RS 1413 2153 16266171 MW Miss Rosie 218 M&W Black Power 27 M&W Miss Rosie 66 Lost Lake Gene Dream 315 #Connealy Lead On JR Ms Lead On 7641 New Queen Anne 263 LLR 16432275 JR Ms Date 4601 WAR Dateline 2003 2001 JSR Ms Rito 300 +1 +2.1 +51 +88 +25 +29.47 BW 78 Act. WW 687 61 JR Mr Black 1643 4/18/11 AAA: 17103594 Tattoo: 1643 Angus MW Black MC 128 #Schurrtop MC 2500 #Schurrtop MC Schurrtop RS 1413 2153 16266171 MW Miss Rosie 218 M&W Black Power 27 M&W Miss Rosie 66 WAR Dateline 2003 2001 #Vermilion Dateline 7078 JR Miss Dateline 6637 WAR Nelle 8180 2003 15600183 JR Ms Dividend 500 #TC Dividend 963 JSR Ms Rain 307 +4 +1.5 +38 +72 +22 +25.12 BW 75 Act. WW 632 64 JR Mr Black 1671 4/30/11 AAA: 17103591 Tattoo: 1671 Angus MW Black MC 128 #Schurrtop MC 2500 #Schurrtop MC Schurrtop RS 1413 2153 16266171 MW Miss Rosie 218 M&W Black Power 27 M&W Miss Rosie 66 JR Ms Date 4603 WAR Dateline 2003 2001 #Vermilion Dateline 7078 WAR Nelle 8180 2003 14921410 JR Ms Juice 503 #+JR Juice Z005 DDA Ada 322 +5 +0.3 +50 +85 +21 +31.68 BW 72 Act. WW 711 page 16 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

Gardnerville Directions to sale site 1155 Foothill Road, Gardnerville, NV 89410 Coming from Reno: Take 395 to Minden. Turn right on Hwy. 88 and follow to Mottsville Lane. Turn right, go to the stop sign (about five miles). Turn left and go about 1/2 mile. Turn left into ranch. Coming from California: Take Hwy. 88. Turn left at Centerville Lane. Go to the stop sign (about five miles). Turn right and go about one mile. Turn right into ranch (second ranch on your right). WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4, 2012 GARDNERVILLE, NEVADA

Ward Ranches GARY WARD & FAMILY P. O. Box 1404 Gardnerville, NV 89410 (775) 790-6148 First Class Mail Time Dated: Please Do Not Delay PRSRT FIRST CLASS U.S. POSTAGE PAID GARDNER, KS PERMIT NO. 35 WARD RANCHES 6th ANNUAL PRODUCTION SALE SUNDAY, MARCH 4th GARDNERVILLE, NEVADA SALERS SALERS OPTIMIZER COMPOSITES ANGUS You re gonna love em!