Raven Named to Forbes Best Small Companies List Seventh Time in a Row

SIOUX FALLS, S.D., October 17, 2012 — Raven Industries (Nasdaq:RAVN) is excited to announce their seventh consecutive time placing on the Forbes America’s Best Small Companies list, this year placing 68th. This great honor is based on earnings growth, sales growth and return on equity over the past 12 months and the past five years. Raven’s stock performance versus its peers was another key factor. Check out the list for yourself at http://www.forbes.com/best-small-companies/.

“It is an honor to be recognized by Forbes on such a consistent basis. We strive to be one of the best companies in America, and I believe our culture of service, innovation, quality, and peak performance sets Raven apart. We believe in developing our team members and holding ourselves accountable for the company’s enduring success.” – Dan Rykhus, President and Chief Executive Officer, Raven Industries

Raven Industries is a diversified technology company that embraces an integrated approach amongst its three divisions:

Applied Technology Division helps feed the world by providing electronic Global Positioning System (GPS) products and information management tools designed to reduce operating costs and improve yields for the global agriculture market. From field computers to planter and sprayer controls, and from GPS guidance steering systems to wireless technology, Raven is leading the way for precision ag technology that delivers in the field.

Engineered Films Division is an innovative manufacturer of high performance plastic films and sheeting to major markets throughout the United States and abroad. An important aspect of our business is producing engineered geomembranes that provide critical protection of environmental resources through containment linings and coverings serving the energy, agriculture, construction, environmental and industrial markets. Our modern 300,000 square foot facility contains state-of-the-art equipment including blown film & sheeting, lamination/coating and conversion capabilities in addition to an impressive testing and development facility.

Aerostar Division is a world leader in the design and manufacture of aerospace, surveillance technology, electronics and specialty sewn products. Aerostar has a rich history, saving lives through highly engineered tethered aerostats that are used in both government and commercial applications, including research, communications, surveillance and intelligence gathering. Aerostar’s quality product lines include tethered aerostats, high altitude scientific balloons and airships, protective wear, parachutes, marine navigation equipment and electronic manufacturing services. Aerostar International, Inc. is a wholly owned subsidiary of Raven Industries, Inc.

About Raven Industries, Inc.

Since 1956, Raven Industries has designed and manufactured high quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven’s purpose is to solve great challenges in areas of safety, feeding the world, energy independence, and resource preservation. To realize this purpose, we utilize our strengths in engineering, manufacturing, and technological innovation to serve the precision agriculture, high performance specialty films, aerospace, and electronic manufacturing services markets. Visit www.RavenInd.com for more information.

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