September 21, 2004

Contract for Conrad

Conrad Industries, Inc. (Nasdaq: CNRD) has been awarded a $5.6 million contract to build a 95 ft x 30 ft x 12 ft 9 in Fish Stocking and Assessment Vessel for the U.S. Fish and Wildlife Service of the Department of the Interior. This self-propelled vessel is intended to serve in the Great Lakes.

Johnny Conrad, Conrad's President and CEO termed the addition of the vessel to the company's backlog "another example of the diversification of Conrad's product and customer mix."

"Although this is the first fish stocking and assessment vessel that we have contracted for," he said, "the design and construction of this vessel is similar to other projects we have completed in the past. With this addition, our current backlog is approximately $43.0 million."

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