Aug. 4, 2010, Elgin, Ill. — Deborah Romary was elected as the chairwoman of Church of the Brethren
Benefit Trust’s Board of Directors at the group’s July 7 meeting held in Pittsburgh following Annual
Conference 2010. This election comes three years after Deb joined the BBT Board, during which time
she has served as the chairwoman of BBT’s Investment Committee. Deb brings insight she has gained
while serving as chief executive officer of Romary Financial Services Inc., a financial planning firm in
Fort Wayne, Ind. She attends Beacon Heights Church of the Brethren in Fort Wayne.

“The BBT Board and staff have appreciated Deb’s strong leadership and unique perspective that comes
from being a financial planner, an economist, and a graduate of Bethany Theological Seminary,” said
BBT President Nevin Dulabaum. “I look forward to working with her in this new role.”
Before the Board meeting began, a luncheon was held to honor the service of departing Board chairman
Harry Rhodes, who completed his allotted 8-year term on the Board this year. Harry’s tenure as BBT
Board chairman began in July 2006.

The nine members present at the meeting also elected Karen Orpurt Crim to be the vice chairwoman of
the Board, who has filled this role since July 2009. Nevin will continue to serve as the Board’s secretary.
The Board also voted on the officers of BBT’s corporation: Nevin will serve as president; Brethren
Pension Plan Director Scott Douglas will serve as vice president; Donna March, BBT’s director of office
operations, will serve as secretary; and BBT’s chief financial officer, Jerry Rodeffer, will continue to serve
as its treasurer.

Annuity Benefit Reduction Assistance Program extended through December 2011
The Board also voted to extend the Annuity Benefit Reduction Assistance Program, a grant issued to
qualifying Brethren Pension Plan annuitants to help offset the hardship some members have experienced
due to last year’s annuity assumption rate reduction to 5 percent. The grant program will now continue
through December 2011 and will then be reassessed. New applications will be processed and payments
will begin approximately 30 days following approval. Current recipients of the grant must reapply for
assistance by Sept. 1 to avoid an interruption in payments.

“The members who have been most impacted by the reduction in benefits have appreciated receiving
this grant,” said Scott Douglas, director of Brethren Pension Plan. “We’re glad the Board voted to
continue to assist those members.”

Treasury-Free Bond Fund added for Pension Plan members
To provide members the option of restricting U.S. Treasuries from their Brethren Pension Plan portfolios,
the Board approved the creation of the Treasury-Free Bond Fund. This option is managed like the Bond
Fund, but cannot invest in Treasuries.

Iridian retained as large cap value investment manager
The Investment Committee commended investment management firm Iridian for its performance on
BBT’s behalf in the large cap value sector. The firm’s three-year rate of return for Brethren Pension Plan
exceeds its benchmark by almost 7 percent. More impressively, Iridian earned a 36.5 percent rate of
return in 2009 compared with the S&P 500, which earned 26.5 percent. Iridian, based in Westport,
Conn., has been serving BBT since 1993. At each Board meeting, the Investment Committee performs a
three-year review of one of its eight investment managers.

Annual Conference 2010 confirms and elects Board members
Mechanicsburg (Pa.) Church of the Brethren member Wayne Scott was elected by Annual Conference
2010 delegates to serve a four-year term on BBT’s Board. Wayne, an attorney living in Harrisburg, Pa.,
brings five years of church board experience to the position, as well as 12 years of experience as the
chairman of the board of directors for a Brethren-affiliated retirement community.

Incumbent Board members Eunice Culp and Karen Orpurt Crim were confirmed by Annual
Conference during the morning business session on July 6. Eunice, who has served on BBT’s Board
since 2006, was chosen by BBT Board members to serve another term; Karen was elected to her first full
term by Pension Plan members and will represent the denominational agencies. Additionally, Michael
Leiter, senior director of marketing and development at Fahrney-Keedy Home & Village in Boonsboro,
Md., was affirmed as the Board representative of Brethren retirement communities. He will complete the
term vacated by Carol Davis in March.