Investor Presentaiton

Highly Experienced Senior Management Name Hilton H Howell, Jr. Years at Gray TV Years in Industry Director, Vice Chairman, 22 President & CEO 22 22 James C. Ryan 16 30 SVP & CFO Kevin P. Latek SVP-Business Affairs 3 18 Nick Waller SVP Mid-Atlantic & South 13 13 Bob Smith 14 29 SVP Midwest & West 29 Jason Effinger SVP Media & 14 Technology Gray Television, Inc. 24 24 gray Television Digital Mobile Background and Notable Achievements CEO since 2008, Vice Chairman since 2002 and director since 1993 Served as President and CEO of Atlantic American Corporation since 1995 Served as EVP and General Counsel of Delta Life Insurance Company and Delta Fire & Casualty Insurance Company since 1991 CFO since 1998 and additionally serves as SVP of Finance Served as SVP since 2002 and as VP from 1998 to 2002 Served as the CFO of Busse Broadcasting Corporation from 1987 to 1998 Joined Gray in 2012, after spending 15 years representing television broadcasters in FCC regulatory and transactional matters with law firm Dow Lohnes Member of the CBS Affiliates Board; former member of, and previously counsel to, Fox Affiliate Board of Governors Joined Gray in 2000, after spending 20 years with Datasouth Computer Corporation, first as CFO and eventually as President Director of the Florida Association of Broadcasters Started as an account executive at Gray TV in Eau Claire, Wisconsin in 1986 Served as SVP since July 2013 and served in various roles from 1986 - 2013 at Gray TV Has served on the Board of Directors of the Wisconsin Broadcaster Association, among others Joined Gray TV in 2001 as a station manager Served as SVP since July 2013 and served as Regional VP prior to that Serves as Vice Chair of the Nebraska Broadcasters Association 18

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