J.P.Morgan Investment Banking

APPENDIX Share price performance Historical price performance $80 70 60 50 40 30 20 10 0 1994 1995 1996 K-2 JPMorgan 1996 1997 1998 1999 2000 Peer Index 2001 Source: Tradeline Note: Peer index has been indexed to K-2 price, includes MGM, HET, WYNN, LVS, OEH, GET, HOT and HLT 2001 2002 www. 2003 K-2 $68.73 +348% Peers +235% 2004 2005 2006 PROJECT PLATO 39

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