BUSINESS CONDUCT AND ETHICS

Carlson is committed to the highest standards of ethics.  This is clear in the Carlson Credo and in the Carlson Code of Business Ethics and conduct.  The Code sets out general guidelines for all who represent Carlson.

BUSINESS CONDUCT AND ETHICS HOTLINE

Carlson is committed to resolving any possible ethical issues encountered when working with the Company.  We ask that you voice any concerns to Human Resources or Legal or by contacting the Carlson Business Conduct and Ethics Hotline.  In no case will action be taken against a caller for disclosing information in good faith.

You can contact the Carlson Business Conduct and Ethics Hotline at www.carlson.ethicspoint.com.