Citi Investment Banking Pitch Book

Share Tender Analysis 700,000 600,000 500,000 400,000 300,000 200,000 100,000 13 0 Majority of the Minority for One-Step Merger 239,971 Minority 120,226 Majority of Minority (a) 90% Threshold for Tender 545,096 Total Needed % of Public Float Required 75.7% 145,565 Public Shares Needed w/o Gates 93.3% 1 179,405 Public Shares Needed w/ Gates 100% of Class A: 605,662 1,296 12,601 33,840 192,234 365,691 Total Class A Shares DRAFT 29-Jun-04 ITM Options Greenspun Entities Gates Other hstitutional Retail Papa Citigroup]

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