Management Profile: Green Plains Renewable Energy, Inc.

BARRY A. ELLSWORTH, 52, resides in Las Vegas, Nevada. Mr. Ellsworth founded the Company and assumed his present positions as President and as a Director on June 29, 2004, and is responsible for the day to day operations of the Company. Mr. Ellsworth graduated from Brigham Young University in 1977, with a BA in Communications. From 1999 to 2004, Mr. Ellsworth was the Managing Director of Red Rock Investment Partners, a financial consulting firm. Earlier, he owned the financial consulting firm of Ellsworth and Associates, which specialized in mergers and acquisitions. He has been instrumental in taking companies public and has raised significant capital for various entities. Prior to that he gained experience in finance working as a stockbroker at the firms of Prudential-Bache Securities, Wilson-Davis Securities, and Dean Witter Reynolds.

DAN E. CHRISTENSEN, 59, resides in Salt Lake City, Utah. He assumed his present positions with the Company as Treasurer, Secretary and as a Director on June 29, 2004, upon the formation of the Company. Mr. Christensen graduated from Brigham Young University with a Bachelor’s Degree in Business in 1969 and received a Management Administration Degree from the California Savings and Loan Institute in 1973. He has acted as the CEO of Commercial Mortgage and Investment, LLC, (CMI), with offices in South Jordan, Utah and San Francisco, California, since 1981. CMI provides mortgage banking services for selected real estate projects, nationwide, including real estate development projects for his own account. Mr. Christensen has procured over 3 billion dollars in financing for numerous real estate development projects over the years, including many of his own projects.

DAVID A. HART, 51, resides in rural Stanton, Iowa, and was elected to serve as a member of the Board of Directors of Green Plains Renewable Energy, Inc. in October of 2004. Dave attended Iowa Western Community College in Council Bluffs, Iowa, where he studied Farm Operations and Management. He began farming in 1973. Mr. Hart and his wife Cathy, operate Hart Farms in a 20 mile area around Stanton. This diversified operation includes: Grain Production, Cattle Feeding and Backgrounding, Cow/Calf Production, Custom Farming, Grain Hauling, Custom Spraying, and Seed Sales. Hart Farms plants and harvests approximately 3,000 acres of corn and soybeans. This operation also includes approximately 1,500 acres of hay and pasture. Mr. Hart has served on numerous church and community boards. He is a member of Stanton Fire and Rescue, having served 8 years as Fire Chief. As a Certified Emergency Medical Technician, Dave also serves on the Montgomery County 911 Board. Other memberships include the National Cattlemen’s Association, Corn and Soybean Associations, and the Farm Bureau.

R. STEVEN NICHOLSON, 80, resides in Las Vegas, Nevada. Steve was elected to serve on the Board of Directors of Green Plains Renewable Energy in November of 2004. Mr. Nicholson served in the US Navy during WWII from 1942-1946. He graduated with an AB in History and Philosophy in 1950 from Wesleyan University. He received an MA in Cultural Anthropology from Syracuse University in 1956 and received a PhD. in the Sociology of Large Scale Organizations/Japanese and Chinese Cultures from Michigan State University in 1971. From 1956-1962 Mr. Nicholson was Director of World Vision Japan. From 1963-1971 he served as the Academic Dean, Lansing Community College–Michigan; 1971-1973 President, Daily College-Chicago; 1973-1976 President, Southern Nevada Community College, Las Vegas; 1976-1985 President, Mount Hood Community College-Oregon; 1985-1990 President, Oakland Community College-Michigan; 1990-1992 Chancellor, Higher Colleges of Technology Abu Dhabi, United Arab Emirates;1992-1994 Christian College Coalition – Oregon; 1994-1999 Senior Fellow for Higher Education-Murdock Charitable Trust Vancouver, Washington. Mr. Nicholson has served on various other boards throughout the years, including Mercy Corps International (International Relief and Development); Pontiac, Michigan Manpower Development Authority; American Association of Community Colleges, Washington, DC; and the World Affairs Council – Japan/America Society.

ROBERT D. VAVRA, 56, resides in Shenandoah, Iowa and was elected to the Board of Directors of Green Plains Renewable Energy, Inc. in November of 2004. Robert graduated from Black Hills State University in Spearfish, South Dakota in 1972 with Bachelor of Science Degrees in Math and History and graduated from the Graduate School of Banking in Boulder, Colorado in 1991. Robert has been President and Director of Bank Iowa, since 1996. He has worked for the same bank since 1986 in the role of a loan officer and Executive Vice President. Mr. Vavra has served on a number of community boards, over the years, which include the Shenandoah Optimist Club, Shenandoah Memorial Hospital and the Essex Commercial Club. Currently he serves on the Forest Park Manor Board of Directors and serves as a member of the Banking Committee for the Shenandoah Chamber and Industry Association, Board of Directors.

HERSCHEL C. PATTON II, 60, resides in Salt Lake City, Utah and was elected to the Board of Directors of Green Pains Renewable Energy, Inc. in November of 2004. Hersch attended the University of Nevada/Reno and graduated from flight school in 1970. Hersch was a senior captain and pilot for both Western and Delta Airlines beginning in 1975 until retirement in 2004. During his tenure as a captain for Delta, Mr. Patton was involved in the ownership and development of various successful commercial and residential real estate ventures including the acquisition and sale of the Jeremy Ranch Golf and Country Club and the Cottonwood Creek Retail Center. Hersch remains active in real estate and various other investments.

BRIAN D. PETERSON, 42, resides in Lawton, Iowa, and was elected to the Board of Directors in 2005. He is the Company’s Executive Vice President and is also in charge of site acquisition and development. He started farming in 1978 at the age of fourteen and graduated from Dordt College in Sioux Center, Iowa in 1986 with a Bachelor of Science Degree in Agricultural Business. His grain farm now consists of nine thousand row crop acres. Mr. Peterson owns and operates a twelve thousand head beef feedlot in Woodbury County, Iowa. He has worked as a bank inspector and internal bank auditor. He has been married for eighteen years and has four children. He is involved in various other renewable energy investments.

WAYNE HOOVESTOL, 48, resides in Las Vegas, Nevada, and was elected to the Board of Directors of Green Plains Renewable Energy in March of 2006. Wayne attended North Dakota State University in Fargo, North Dakota, and the University of Minnesota. He started operating Hoovestol Inc., a trucking company in 1978 and is still operating that truck line, along with Major Transport. The trucking companies, Hoovestol Inc. and Major Transport employ about 600 people and operate nationwide, from several different locations. Wayne became involved with ethanol in 1995, as an investor, and as a Member of the Board of Directors of an ethanol plant in Preston, Minnesota. Since then he has invested in other ethanol plants and is also on the Board of Directors of Tall Corn Ethanol in Coon Rapids, Iowa. Wayne and Monica, Wayne’s wife, have been married for 25 years and also have a home in Minnesota.