Evercore Investment Banking Pitch Book slide image

Evercore Investment Banking Pitch Book

Summary Trading Analysis Historical Trading Range Analysis M & F Worldwide's share price closed above $24.00 per share on approximately 74% of the days traded during the year prior and 67% of the days traded during the two years prior to Mac Andrews & Forbes Holdings' proposal Number of Days in Price Range at Close 160 120 Number of Days in Price Range at Close 80 40 0 % Days Traded Camalatise 160 120 40 % Days Traded Cumulative 2 <$18.00 196 1% 2 <$18.00 0% 0% $18.01- $21.00 3% 85 $18.01- $21.00 Source FactSet Note: Based on closing share price EVERCORE PARTNERS 17% 17% Offer Prices $24.00 55 $21.01 - $24.00 22% 26% $21.01- $24.00 One Year Through 6/10/2011 I 16% 33% 141 $24.01- $27.00 Offer Price: $24.00 81% 146 $24.01- $27.00 48 Two Years Through 6/10/2011 29% 62% $27.01- $30.00 19% 100% 68 $27.01 - $30,00 0 1.5% 70% $30.01- $33.00 0% 100% $30.01. $33.00 10% 80% 0 $33.01- $36.00 0% 100% 40 $33.01- $36.00 Preliminary Draft-Confidential 8% 94% 0 $36.01 - $39.00 0% 100% 15 $36.01. $39.00 3% 97% 0 $39.01- $42.00 0% 100% 15 $39.01- $42.00 3% 100% 0 $42.01- $45.00 0% 100% 2 $42.01- $45.00 100%
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