March 2004 Dear Friends: I’d like to share some exciting news with you. The University of Dayon has entered into an initial agreement with NCR to purchase a 49-acre parcel of property that runs from Brown Street to the Great Miami River. It’s the doorway to campus — and a gateway to downtown and the southern suburbs. The redevelopment of this property presents an extraordinary opportunity for the University of Dayton to expand campus, help draw new jobs to the city of Dayton and promote commercial development by the river. We will spend the next several months examining the property in great detail before we finalize a sales agreement. It will take the work and cooperation of many to eventually make this land productive again. We look to play a key leadership role in this cooperative effort. UD and NCR have grown up together from humble roots. Nearly 120 years ago Brother Maximin Zehler bought some land to expand the school and give the Patterson family some needed capital to start a cash register business. Today, NCR is a leading global technology company that employs nearly 700 UD graduates worldwide, and we have grown into one of the 10 highest-ranked Catholic universities in the nation and Ohio’s largest independent university. This is not the first time UD has embarked on a major revitalization project. In 2000, we teamed with the city of Dayton, CityWide Development and Miami Valley Hospital in a multi million-dollar public-private partnership to rebuild the Fairgrounds neighborhood. Today, there’s a waiting list of qualified buyers for homes in the revitalized neighborhood near campus. Our history is rooted in faith and collaboration. We have received tremendous community support for the revitalization of this land. I ask for your support and prayers as we work to finalize this agreement. Thanks for sharing in my excitement about this expansion opportunity. Sincerely, F Daniel J. Curran, Ph.D. President