# PURCHASES AND SALES OF BEAR STEARNS STOCK

<table><tr><th></th><th>Number of
<u>Shares Purchased</u></th><th>Date
<u>Purchased</u></th><th>Purchase
<u>Price Per Share¹</u></th><th></th><th>Number of
<u>Shares Sold</u></th><th>Date
<u>Sold</u></th><th>Sales
<u>Price Per Share²</u></th></tr><tr><td></td><td>300,000</td><td>11/30/04</td><td>$ 97.21</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td><u>250,000</u></td><td>07/14/05</td><td>$106.26</td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>550,000</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>100,000</td><td>02/08/05</td><td>$102.94</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>100,000</td><td>10/24/05</td><td>$104.48</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>56,350</td><td>08/06/07</td><td>$101.32</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>73,650</td><td>03/14/08</td><td>$ 32.51</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>20,000</td><td>03/14/08</td><td>$ 34.93</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>100,000</td><td>03/14/08</td><td>$ 32.00</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td><u>100,000</u></td><td>03/17/08</td><td>$ 3.35</td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>550,000</td><td></td><td></td></tr><tr><td colspan="3">Total Purchase cost $55,728,004.33</td><td>Total Sales</td><td>Proceeds</td><td>$33,079,369.60</td><td>Total</td><td>Loss $ 22,648,634.73</td></tr></table>