Building Materials Holding Corporation Announces Executive and Senior Management Promotions.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--May 8, 2001

Building Materials Holding Corporation (Nasdaq:BMHC), a leading provider of construction products and services to professional contractors and builders, today announced that, at their meeting in San Francisco on May 1, 2001, the Company's Board of Directors approved the following promotions within its executive and senior management teams:

-- Richard Blackwood, Executive Vice President for BMHC, has been named to the
newly created position of Chief Operating Officer. Blackwood will have
operational responsibility for all BMC West operations.

-- Paul Street, Senior Vice President, General Counsel and Corporate Secretary
for BMHC, was appointed to the newly created position of Chief Administrative
Officer.

-- Steve Pearson, Vice President of Human Resources, was promoted to Senior
Vice President of Human Resources.

-- Mike Mahre, Director of Corporate Development for BMHC, has been named a
Vice President of BMHC and will maintain his responsibility for corporate
development and information systems technology.

-- Jack LaRock, Vice President-Intermountain Millwork for BMC West, has been
named a Vice President of BMHC. In addition to his direct responsibility for
Intermountain Millwork operations, he will now have an expanded role in
assisting with company-wide millwork initiatives.

"These promotions and the creation of two new executive management positions are designed to enhance BMHC's organizational strength to accommodate our current and anticipated future growth," commented Robert Mellor, President and Chief Executive Officer of Building Materials Holding Corporation. "We are fortunate to have such capable and experienced individuals on our management team. We are taking full advantage of their expertise to increase fostering of company-wide best practices, communications, and financial objectives while maintaining our divisional operational structure to meet the specific needs of our professional builder customers in each of our market areas.

"As we have grown and expanded into new areas and business lines, we have continued to review our corporate structure to capitalize on and respond to opportunities which our successes have made possible from both a corporate and personal perspective. BMHC remains an organization committed to staying close to our customers and supportive of our employees, as it is this philosophy that has enabled us to achieve our current success. We look forward to the continuing contributions from these individuals to our Company."

Building Materials Holding Corporation is a leader in the residential construction market, specializing in providing high quality, manufactured building products and value-added installation and framing services to professional residential contractors and builders. BMHC operates through its subsidiaries BMC West Corporation and BMC Framing Inc., with 133 facilities organized into 55 business units. BMC Framing holds a 49% equity interest in Knipp Brothers Industries, LLC, a leading framing contractor operating in Arizona, California and Nevada. Keys to the Company's success include concentration on housing markets where growth outpaces national averages, and a strong management structure that keeps BMHC close to local market trends and to service needs of the Company's customers.

Certain statements made in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks or uncertainties may include, but are not limited to, changes in costs of materials sold; changes in selling prices; competition within the building materials supply industry; changes in economic conditions and interest rates; increases in raw materials and labor costs; consumer confidence; government regulation; and general economic, business and competitive factors, all or each of which may cause actual results to differ from the statements made in this press release. These risks and uncertainties are discussed in detail in Building Materials Holding Corporation's Form 10-K for the fiscal year ended December 31, 2000. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained in the Annual Report on Form 10-K or this news release.