X0204 3 2011-11-04 0 0000924719 SMITH MIDLAND CORP SMID 0001504393 Tall Cotton Partners, LLC C/O VIRGINIA CAPITAL PARTNERS 1801 LIBBIE AVENUE, SUITE 201 RICHMOND VA 23226 0 0 1 0 0001534451 Russell Frederick L. Jr. C/O VIRGINIA CAPITAL PARTNERS 1801 LIBBIE AVENUE, SUITE 201 RICHMOND VA 23226 0 0 1 0 0001534371 Virginia Capital II, LP 1801 LIBBIE AVENUE, SUITE 201 RICHMOND VA 23226 0 0 1 0 0001534372 Virginia Capital Partners II, LLC 1801 LIBBIE AVENUE, SUITE 201 RICHMOND VA 23226 0 0 1 0 0001534373 Virginia Capital Partners, LLC 1801 LIBBIE AVENUE, SUITE 201 RICHMOND VA 23226 0 0 1 0 Common Stock 567363 D Shares are owned directly by Tall Cotton Partners, LLC ("TCP"). Virginia Capital II, LP ("VCP II LP") owns a majority of the voting interests in TCP, and Virginia Capital Partners II, LLC ("VCP II") is the sole manager of TCP. VCP II is the general partner of VCP II LP. Virginia Capital Partners, LLC ("VCP") is the sole owner of VCP II. Frederick L. Russell, Jr. controls VCP. None of VCP II LP, VCP II, VCP or Mr. Russell holds any shares of the issuer directly but may be deemed to indirectly beneficially own the shares of the issuer held by TCP. Each of the reporting persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. /s/ Frederick L. Russell, Jr., President of Virginia Capital Partners II, LLC, Manager of Tall Cotton Partners, LLC 2011-11-14 /s/ Frederick L. Russell, Jr. 2011-11-14 /s/ Frederick L. Russell, Jr., Manager of Virginia Capital Partners II, LLC, its General Partner 2011-11-14 /s/ Frederick L. Russell, Jr., Manager 2011-11-14 /s/ Frederick L. Russell, Jr., Manager 2011-11-14