Duckwall-Alco Stores Inc.

James E. Schoenbeck has served as Senior Vice President of Real Estate and Travel since 2005. From 1988 to 2005, Mr. Schoenbeck served as Senior Vice President - Operations and Advertising. From 1975 to 1988, Mr. Schoenbeck served in various capacities with the Company. Mr. Schoenbeck has approximately 32 years of experience in the retail industry.

John R. Sturdivant has served as Senior Vice President - Stores since February 13, 2006. For more than five years prior to that, he served as Regional Vice President of Jo-Ann Stores, Inc. Mr. Sturdivant has approximately 44 years experience in the retail industry.

Virginia A. Meyer has served as Vice President - Marketing since 2007. From 2002 to 2007, Ms. Meyer served as Director of Marketing and Advertising. For more than five years prior to that, she served as Vice President - Marketing with Cato Corporation. Ms. Meyer has approximately 37 years experience in the retail industry.

Dennis E. Logue has been a Director of the Company since January 2002. He has served as Chairman of the Board of Ledyard National Bank, Hanover, New Hampshire since August, 2005. He served as Dean of the Michael B. Price College of Business at the University of Oklahoma from July 2001 to September 2005. Prior thereto, Mr. Logue held numerous business-oriented professorships, most recently at the Amos Tuck School, Dartmouth College from July 1974 to June 2001. Mr. Logue is also a Director of Abraxas Petroleum Corporation, San Antonio, Texas, a natural gas and crude oil exploration, development, and production company.