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CMP ( current Market Price) 1105
Base Rate .
Beta 1.2
Market Cap 46100
2011 2012 2013
Advance Growth Rate 36.5% 20.0% 22.5%
Deposit Growth Rate 33.93% 23% 23%
branches 1390 1640 1890
new branches added 1390 250 250
employees 26435 28700 30240
Dividend 140% 140% 140%
Savings interest Rate 4.00% 4.00% 4.00%
Term Interest Rate 6.75% 8.25% 8.00%
Growth in Other Op Exp 25% 25%
Provisions 0.77% 0.85% 0.77%
Yield on Advances 8.43% 10.10% 10.10%
Yield on Investment 6.90% 7.70% 7.60%
GNPA (%) 1.11 1.13 1.13
NNPA (%) 0.29 0.39 0.36
DESCRIPTION Mar-2005 Mar-2006 Mar-2007 Mar-2008
I. INCOME
Interest Earned 1,924.16 2,888.79 4,461.66 7,005.32
% of total income 95.95% 92.20% 92.71% 90.63%
yoy growth 20.37% 50.13% 54.45% 57.01%
Interest/Discount on advances/Bills 978.77 1,528.04 2,702.86 4,745.65
yield on advances 7.84% 8.06% 9.13% 9.83%
yoy growth 27.52% 56.12% 76.88% 75.58%
Interest on balances with RBI and other Inter-bank funds 32.04 41.64 77.30 107.64
yield on RBI and inter bank funds 0.89% 1.42% 2.18% 1.80%
yoy growth -2.74% 29.95% 85.65% 39.24%
Income on investments 867.60 1,285.68 1,632.72 2,102.32
yield on Investments 7.6% 7.0% 6.7% 6.9%
Others 45.74 33.43 48.78 49.71
% of interest earned 2.38% 1.16% 1.09% 0.71%
Other Income 415.82 729.63 1,010.11 1,795.49
yoy growth -23.02% 75.47% 38.44% 77.75%
% of total income 17.77% 20.16% 18.46% 20.40%
Commission, exchange and brokerage 330.52 488.91 778.96 1,320.70
yoy growth 81.20% 47.92% 59.33% 69.55%
Profit/(loss) on sale of investments (net) -11.34 129.81 60.88 220.25
Profit/(loss) on revaluation of investments (net)
Profit on sale of Fixed Assets -2.39 -1.70 -2.91 -15.18
Foreign Exchange Gains 48.73 86.89 124.85 207.48
% of other income 11.72% 11.91% 12.36% 11.56%
yoy growth 76.69% 78.29% 43.69% 66.19%
Income earned from subsidiaries/joint venture
Rent / Lease Income 3.47 3.47 3.48 3.47
Dividend Received
Provisions Written Back
Service Fee
Insurance Premium
Miscellaneous income 46.83 22.26 44.86 58.76
yoy growth 442.58% -52.48% 101.54% 30.98%
Total Income 2,339.98 3,618.42 5,471.77 8,800.80
yoy growth 9.4% 54.6% 51.2% 60.8%
II. EXPENDITURE
Interest Expended 1,192.98 1,810.56 2,993.32 4,419.96
Operating Expenses 581.38 814.05 1,214.60 2,154.93
Provisions and Contingencies 51.01 262.38 267.36 579.42
Profit Before Tax 514.61 731.43 996.49 1,646.50
Taxes 180.03 246.35 337.46 575.47
Total 2,005.40 3,133.34 4,812.74 7,729.77
yoy growth 0.08 0.56 0.54 0.61
III. PROFIT AND LOSS
Profit After Tax 334.58 485.08 659.03 1,071.03
yoy growth 20.22% 44.98% 35.86% 62.52%
Equity Dividend 87.75 112.55 148.79 251.64
Equity Dividend % 28.00 35.00 45.00 60.00
Earnings Per Share 12.22 17.41 23.40 29.94
Adjusted EPS 12.22 17.41 23.40 29.94
yoy growth 1.68% 42.44% 34.44% 27.95%
Mar-2009 Mar-2010 Mar-2011 Mar-12 Mar-13
10,835.49 11,638.02 15,154.81 22609.28 27552.89
90.92% 89.05% 92.42% 0.98 1.00
54.68% 7.41% 30.22% 0.49 0.22
7,465.86 7,986.60 10,403.11 16037.26 19725.83
10.57% 8.59% 8.43% 10.1% 10.1%
57.32% 6.97% 30.26% 0.54 0.23
210.19 120.00 182.62 191.63 305.92
2.51% 1.27% 1.56% 0.01 0.02
95.28% -42.91% 52.18% 0.05 0.60
3,051.50 3,428.31 4,438.68 6230.39 7321.14
7.6% 6.7% 6.9% 7.7% 7.6%
107.93 103.10 130.39 150.00 200.00
1.00% 0.89% 0.86% 0.01 0.01
2,896.88 3,945.78 4,632.13 5115.95 6522.66
61.34% 36.21% 17.39% 0.10 0.27
21.10% 25.32% 23.41% 0.18 0.19
2,173.26 2,565.20 3,357.42 4129.62 5079.44
64.55% 18.03% 30.88% 0.23 0.23
288.43 736.24 366.32 180.00 150.00
-8.20 -3.87 -6.98
359.50 445.90 563.60 350.00 700.00
12.41% 11.30% 12.17% 0.07 0.11
73.27% 24.03% 26.40% -0.38 1.00
0.14 0.75
2.06
81.81 202.17 351.02 456.32 593.22
39.24% 147.11% 73.63% 0.30 0.30
13,732.36 15,583.80 19,786.94 27725.23 34075.55
56.0% 13.5% 27.0% 0.40 0.23
7,149.27 6,633.53 8,591.82 13641.49 15951.30
2,858.21 3,709.72 4,779.43 5663.65 6760.60
939.40 1,388.84 1,279.57 1597.17 1798.74
2,785.48 3,851.71 5,136.12 6822.91 9564.91
970.12 1,337.18 1,747.63 2251.56 3156.42
11,917.01 13,069.27 16,398.45 23153.88 27667.06
0.54 0.10 0.25 0.41 0.19
1,815.36 2,514.53 3,388.49 4571.35 6408.49
69.50% 38.51% 34.76% 0.35 0.40
420.52 567.45 670.36 670.36 670.36
100.00 120.00 140.00 140.00 140.00
50.57 62.06 82.54 111.35 156.10
50.57 62.06 82.54 111.35 156.10
68.89% 22.73% 32.99% 0.35 0.40
DESCRIPTION Mar-2005 Mar-2006 Mar-2007 Mar-2008 Mar-2009
SOURCES OF FUNDS:
Share Capital 273.80 278.69 281.63 357.71 359.01
Share Warrants & Outstandings 13.42 13.44 8.98 2.19 1.21
Total Reserves 2,134.39 2,593.50 3,111.60 8,410.79 9,854.58
Deposits 31,712.00 40,113.53 58,785.60 87,626.22 117,374.11
Borrowings 1,781.41 2,680.93 5,195.60 5,624.04 15,519.87
Other Liabilities & Provisions 1,828.68 4,051.03 5,873.80 7,556.90 4,613.27
Total Liabilities 37,743.69 49,731.12 73,257.22 109,577.85 147,722.05
yoy growth 56.29% 31.76% 47.31% 49.58% 34.81%
APPLICATION OF FUNDS :
Cash and balance with Reserve Bank of India 3,448.74 2,429.40 4,661.03 7,305.66 9,419.21
Balances with banks and money at call 1,054.20 1,212.45 2,257.27 5,198.58 5,597.69
Investments 15,048.02 21,527.35 26,897.16 33,705.10 46,330.35
% of average deposits 57.15% 59.94% 54.39% 46.04% 45.20%
Advances 15,602.92 22,314.23 36,876.48 59,661.14 81,556.77
Gross block 764.78 898.68 1,098.93 1,384.70 1,741.86
Net Block 502.80 553.34 648.38 794.37 1,015.40
Other Assets 2,071.38 1,679.98 1,892.07 2,784.51 3,745.15
Total Assets 37,743.69 49,731.12 73,257.22 109,577.85 147,722.05
yoy growth 56.29% 31.76% 47.31% 49.58% 34.81%
Adjusted Book Value 87.96 103.06 120.49 245.13 284.50
Mar-2010 Mar-2011 Mar-12 Mar-13
405.17 410.55 412.5 412.5
0.17 0.00
15,639.27 18,588.28 22,489.3 28,227.4
141,300.22 189,237.80 232,762.5 286,879.8
17,169.55 26,267.88 27,447.1 30,239.0
6,133.46 8,208.86 8,733.2 10,741.8
180,647.85 242,713.37 291,844.6 356,500.5
22.29% 34.36% 20.24% 22.15%
9,482.05 13,886.16 16,774.5 18,187.5
5,721.86 7,522.49 5,275.0 6,495.5
55,974.82 71,991.62 89,836.7 102,824.9
43.28% 43.56% 42.58% 39.58%
104,340.95 142,407.83 175,161.6 215,448.8
2,107.98 3,426.49 4,067.2 4,706.1
1,165.18 2,250.46 2,558.4 2,910.6
3,905.76 4,632.12 2,238.3 10,633.2
180,647.85 242,713.37 291,844.6 356,500.5
22.29% 34.36% 20.24% 22.15%
395.99 462.77 555.1 694.2
19.96% 25.06%
2.809171
DESCRIPTION Mar-2008 Mar-2009 Mar-2010 Mar-2011 Mar-12
Advances 59,661.14 81,556.77 104,340.95 142,407.83 175,161.63
Gross NPAs to Gross Advances (%) 0.83 1.09 1.25 1.11 1.13
Net NPAs (funded) to Net Advances (%) 0.42 0.40 0.40 0.29 0.39
Movement of NPAs (Gross)
a) Opening Balance 418.67 494.61 897.77 1,318.00 1,599.42
b) Additions during the year 384.21 892.62 1,800.70 1,448.31 1839.19711
0.64% 1.09% 1.73% 1.02% 1.05%
c) Reductions during the year 308.27 489.46 1,380.47 1,166.89 1,459.29
d) Closing balance 494.61 897.77 1,318.00 1,599.42 1979.32641
Movement of Net NPAs
a) Opening Balance 266.33 248.29 327.13 419.00 410.35
b) Additions during the year 135.78 202.30 427.49 453.05 718.16268
0.23% 0.25% 0.41% 0.32% 0.41%
c) Reductions during the year 153.82 123.46 335.62 461.70 445.38
d) Closing balance 248.29 327.13 419.00 410.35 683.130354
Movement of Provisions for NPAs
a) Opening Balance 152.34 246.32 570.64 899.00 1,186.74
b) Provisions made during the year 248.43 690.32 1,373.21 984.25 1366.26071
0.42% 0.85% 1.32% 0.69% 0.78%
c) Write-off/write-back of excess provisions 154.45 366.00 1,044.85 696.51 1,099.16
d) Closing balance 246.32 570.64 899.00 1,186.74 1453.84152
0.41% 0.70% 0.86% 0.83% 0.83%
Provisions Coverage Ratio 49.8% 63.6% 68.2% 74.3% 65.5%
Mar-13
215,448.80
1.13
0.36
1,979.33
2369.93684
1.10%
1,914.69
2434.57148
683.130354
689.436172
0.32%
596.95
775.615694
1,453.84
1508.14163
0.70%
1,173.76
1788.22507
0.83%
68.1%
DESCRIPTION Mar-2008 Mar-2009 Mar-2010 Mar-2011 Mar-12
Capital Adequacy
Basel II
Total CAR (Basel II) 13.99 13.69 15.80 12.65 12.44%
Tier-1 (Basel II) 10.39 9.26 11.18 9.41 9.69%
Tier-2 (Basel II) 3.60 4.43 4.62 3.24 2.75%
Debt Raised as Capital During the Year 0.00 1,700.00 2,000.00
Total Capital Basel I 11,905.27 15,040.08 22,307.89 0.00
Tier-1 Capital 8,822.52 10,175.42 15,789.42
(of which Lower Tier I)
Tier-2 Capital 3,082.75 4,864.66 6,518.47
(of which Upper Tier II) 1,148.38 1,370.78 1,248.98
Total capital Basel II 11,890.89 15,027.64 22,307.89 24,870.35
Tier-1 Capital 8,826.99 10,162.98 15,789.42 18,503.49 22901.82
(of which Lower Tier I)
Tier-2 Capital 3,063.90 4,864.66 6,518.47 6,366.86 6,496.42
(of which Upper Tier II) 1,148.38 1,370.78 1,248.98 1,242.80 1372.356
Total Risk Weighted Assets 86,719.66 109,787.49 141,169.77 196,562.61 236351.8
Total Capital Funds of the Bank
Total Capital Requirement @ 9 % 7,649.11 9,880.87 12,705.28 17,690.63 21271.66
Credit Risk - Risk Weighted Assets (RWA) 6,444.37 8,398.51 11,040.47 15,350.25
Portfolios subject to standardized approach 6,433.96 8,398.51 11,040.47 15,350.25
Securitization exposures 10.41 0.00
Market Risk - RWA (Standardized Duration Approach) 934.43 1,050.90 1,008.72 1,378.66
Interest Rate Risk 831.10 988.19 851.99 1,152.74
Foreign Exchange Risk (Including gold) 19.95 13.50 127.62 32.19
Equity Risk 83.38 49.21 29.11 193.73
Operational Risk - RWA (Basic indicator approach) 270.31 431.46 656.09 961.72
Mar-13
12.22%
9.92%
2.30%
28639.95
6,636.01
1511.95
288713.7
25984.23
Mar-11 Mar-12 Mar-13
Large and mid corporate 53.00% 53.00% 75476.1 52.00% 91084 51.00%
SME 15.00% 15.00% 21361.2 15.50% 27150.1 16.00%
Agri 11.00% 11.00% 15664.9 11.25% 19705.7 11.50%
Retail 21.00% 29905.6 21.25% 37221.8 21.50%
142407.8286 175162 215449
Retail
housing loans 75.00% 15.7500% 22429.2 75.00% 27916.4 75.00%
Auto loans 13.00% 2.7300% 3887.73 13.00% 4838.84 13.00%
Personal loans 4.00% 0.8400% 1196.23 4.00% 1488.87 4.00%
Cards 2.00% 0.4200% 598.113 2.00% 744.437 2.00%
Non schematic loans 6.00% 1.2600% 1794.34 6.00% 2233.31 6.00%
29905.64401 37221.8 46321.5
Large and mid corporate 53.00%
SME 15.00%
Agri 11.00%
housing loans 15.75%
Auto loans 2.73%
Personal loans 0.84%
Cards 0.42%
Non schematic loans 1.26%
109879
34471.8
24776.6
46321.5
34741.1
6021.79
1852.86
926.43
2779.29
Large and mid
corporate
53%
SME
15%
Agri
11%
housing loans
16%
Auto loans
3%
Personal loansCards
0%
Non schematic loans
1%
Other
3%
Distribution of Advance Portfolio
Personal loans
1%
Non schematic loans
1%
Reporting statements
Income statement
Y/E March (Rs in crore) FY10 FY11 FY12E FY13E
Interest Income 11638.02 15154.81 22609.28 27552.89
Interest Expense 6633.53 8591.82 13641.49 15951.30
Net Interest Income 5004.50 6562.98 8967.78 11601.59
YoY change (%) 35.76% 31.14% 36.64% 29.37%
Non Interest Income 3945.78 4632.13 5115.95 6522.66
Total net Income 8950.28 11195.12 14083.73 18124.25
Total Operating Expenses 3709.72 4779.43 5663.65 6760.60
Pre Provision profit 5240.56 6415.69 8420.08 11363.65
YoY change (%) 40.69% 22.42% 31.24% 34.96%
Provisions for expenses and tax 1388.84 1279.57 1597.17 1798.74
Profit Befor Tax 3851.71 5136.12 6822.91 9564.91
YoY change (%) 38.28% 33.35% 32.84% 40.19%
Taxes 1337.18 1747.63 2251.56 3156.42
Net profit 2514.53 3388.49 4571.35 6408.49
YoY change (%) 38.51% 34.76% 34.91% 40.19%
Balance Sheet FY10 FY11 FY12E FY13E
Cash & Balances with RBI 9482.0 13886.2 16774.5 18187.5
Inter bank borrrowing 5721.9 7522.5 5275.0 6495.5
Investments 55974.8 71991.6 89836.7 102824.9
Loan and Advances 104340.9 142407.8 175161.6 215448.8
Net Block 1222.42 2273.15 2558.40 2910.60
Other Assets 3905.76 4632.12 2238.30 10633.20
Total Assets 180647.85 242713.37 291844.59 356500.51
Deposits 141300.22 189237.80 232762.50 286879.78
Demand Deposit 32167.74 36917.09 42454.66 53917.41
Savings Deposit 33861.80 40850.31 49428.87 62280.38
Term Deposit 75270.68 111470.40 140878.97 170681.98
Borrowings 17169.55 26267.88 27447.11 30238.99
Other Liabilty 6133.46 8208.86 8733.16 10741.79
Equity 405.35 410.55 412.55 412.55
Reserves 15639.27 18588.28 22489.27 28227.40
Total Liabilities 180647.85 242713.37 291844.59 356500.51
Dupont Analysis FY10 FY11 FY12E FY13E
% of Avg. Asstes.
Net Interest Income 3.05% 3.10% 3.36% 3.58%
Non Interest Income 2.40% 2.19% 1.91% 2.01%
Net Income 5.45% 5.29% 5.27% 5.59%
Operating Expenses 2.26% 2.26% 2.12% 2.09%
Operating Profit 3.19% 3.03% 3.15% 3.51%
Provisions & Contingencies 0.85% 0.60% 0.60% 0.55%
Page 15
Reporting statements
Taxes 0.81% 0.83% 0.84% 0.97%
RoAA(%) 1.53% 1.60% 1.71% 1.98%
Avg.assets/Avg.equity(x) 12.50 12.08 12.76 12.58
RoAE(%) 19.15% 19.34% 21.82% 24.87%
Page 16
Reporting statements
Ratio Analysis
Efficiency Ratio (%) FY10 FY11 FY12E FY13E
Int. Exp. / Int. Earned 57% 57% 60% 58%
Int. Income / Tot. Funds 6.44% 6.24% 7.75% 7.73%
NII/ Total Income (%) 32.11% 33.17% 32.35% 34.05%
Other Inc. / Tot. Inc. 131.92% 51.00% 37.15% 32.87%
Ope. Exp. / Tot. Income 23.80% 24.15% 20.43% 19.84%
Net Profit / Tot. funds 1.39% 1.40% 1.57% 1.80%
Credit-Deposit 73.8% 75.3% 75.3% 75.1%
Investment / Deposit 39.6% 38.0% 38.6% 35.8%
NIM 3.47% 3.50% 3.74% 3.98%
Cost to income 41.45% 42.69% 40.21% 37.30%
Solvency FY10 FY11 FY12E FY13E
Gross NPA (Rs. Cr) 1318.00 1599.42 1979.33 2434.57
Net NPA (Rs. Cr) 419.00 410.35 683.13 775.62
Gross NPA (%) 1.25 1.11 1.13 1.13
Net NPA (%) 0.40 0.29 0.39 0.36
Capital Adequacy Ratio (%) 15.80% 12.65% 12.44% 12.22%
Tier I Capital (%) 11.18% 9.41% 9.69% 9.92%
Tier II Capital (%) 4.62% 3.24% 2.75% 2.30%
Per Share Data (Rs.) FY10 FY11 FY12E FY13E
EPS 62.06 82.54 111.35 156.10
Dividend Per Share 12.00 14.00 14.00 14.00
Book Value 395.99 462.77 555.13 694.22
Adjusted Book Value of share 395.99 462.77 555.13 694.22
Valuation ratio FY10 FY11 FY12E FY13E
Price/Earnings(x) 14.00 13.39 9.92 7.08
Price/Book Value(x) 2.50 2.39 1.99 1.59
Price/Adj.Book Value(x) 2.50 2.39 1.99 1.59
Return Ratio FY10 FY11 FY12E FY13E
RoA(%) 1.53% 1.60% 1.71% 1.98%
RoE(%) 19.15% 19.34% 21.82% 24.87%
Growth Ratio (%) FY10 FY11 FY12E FY13E
Interest Income 7.41% 30.22% 49.19% 21.87%
Interest Expenses -7.21% 29.52% 58.77% 16.93%
Other Income 36.21% 17.39% 10.44% 27.50%
Total Income 13.48% 26.97% 40.12% 22.90%
Net profit 38.51% 34.76% 34.91% 40.19%
Deposits Growth Rate 20.38% 33.93% 23.00% 23.25%
Page 17
Reporting statements
Advances Growth Rate 27.94% 36.48% 23.00% 23.00%
Page 18
Reporting Charts
Particulars FY07 FY08 FY09 FY10 FY11
Credit 36876.4832 59661.1446 81556.7658 104340.946 142407.829
Credit Growth (RHS) 61.79% 36.70% 27.94% 36.48%
Deposit 58785.6011 87626.2206 117374.105 141300.218 189237.801
Deposit Growth (RHS) 49.06% 33.95% 20.38% 33.93%
Demand Deposits 11304.3117 20044.5788 24821.607 32167.7365 36917.0923
Saving Deposits 12125.8808 19982.4102 25822.1163 33861.7974 40850.309
Term Deposits 35355.4086 47599.2316 66730.3819 75270.6836 111470.4
CD Ratio (RHS) 62.73% 68.09% 69.48% 73.84% 75.25%
Investment 26897.1603 33705.1008 46330.3514 55974.8156 71991.6208
Yield on Investment 6.74% 6.94% 7.63% 6.70% 6.94%
Casa Ratio (RHS) 39.86% 45.68% 43.15% 46.73% 41.10%
Cost to Income 49.01% 49.19% 43.42% 41.45% 42.69%
NIM 2.73% 3.29% 3.33% 3.47% 3.50%
ROA 1.07% 1.17% 1.41% 1.53% 1.60%
ROE 21.04% 17.61% 19.13% 19.15% 19.34%
Branch 544 744 940 1174 1797
Branch opened During the year (RHS) 200 196 234 623
Capital Adequacy
Tier 1 11.18% 9.41%
Tier 2 4.62% 3.24%
NII 1468.338 2585.3534 3686.2114 5004.4954 6562.9828
NII growth 76.07% 42.58% 35.76% 31.14%
Non Interest Inome 1010.1113 1795.4888 2896.8781 3945.7819 4632.1338
Non Interest income (Growth) 77.75% 61.34% 36.21% 17.39%
Fee income 778.9647 1320.7034 2173.2613 2565.1986 3357.4183
NIM (RHS) 2.73% 3.29% 3.33% 3.47% 3.50%
Cost of Funds 5.02% 5.11% 6.06% 4.42% 4.54%
Yield on Advances 9.13% 9.83% 10.57% 8.59% 8.43%
Branch 544 744 940 1174 1797
Casa Ratio (RHS) 39.86% 45.68% 43.15% 46.73% 41.10%
Cost of Income 49.0063848 49.1897859 43.4174972 41.448127 42.6920797
NII 0 0 12742 20624 21640
Core Fee Income 778.9647 1320.7034 2173.2613 2565.1986 3357.4183
Other income 231.1466 474.7854 723.6168 1380.5833 1274.7155
Total 1010.1113 1795.4888 15638.8781 24569.7819 26272.1338
Page 19
Reporting Charts
NII 0.00% 0.00% 81.48% 83.94% 82.37%
Core Fee Income 77.12% 73.56% 13.90% 10.44% 12.78%
Other income 22.88% 26.44% 4.63% 5.62% 4.85%
Cost of Funds and Yield on advance and NI
Credit and Deposit Trends
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
FY08 FY09 FY10 FY11 FY12E
Yield on Advances Cost of Funds NIM (RHS)
50000
100000
150000
200000
250000
300000
FY08 FY09 FY10 FY11 FY12ECredit Deposit
Deposit Growth (RHS) CD Ratio (RHS)
Page 20
Reporting Charts
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY09 FY10 FY11 FY12E
NII Core Fee Income Other income
Page 21
Reporting Charts
FY12E FY13E
175161.629 215448.804
23.00% 23.00%
232762.495 286879.775
23.00% 23.25%
42454.6561 53917.4133
49428.8739 62280.3811
140878.965 170681.981
75.25% 75.10%
89836.7454 102824.893
7.70% 7.60%
39.48% 40.50%
40.21% 37.30%
3.74% 3.98%
1.71% 1.98%
21.82% 24.87%
1890 2140
93 250
8967.78415 11601.5908
36.64% 29.37%
5115.9483 6522.65907
10.44% 27.50%
4129.62451 5079.43815
3.74% 3.98%
5.79% 5.66%
10.10% 10.10%
1890 2140 Brach To Casa Ratio
39.48% 40.50%
40.2141303 37.3014198
26435 11601.5908
4129.62451 5079.43815
986.32379 1443.22093
31550.9483 18124.2499
0
50000
100000
150000
200000
250000
FY09 FY10 FY11 FY12E
Rs.in(Cr)
0
50000
100000
150000
200000
250000
300000
350000
FY09 FY10 FY11 FY12E FY13E
Rs.in(Cr)
Deposit Deposit Growth (RHS)
1500
2000
2500
Page 22
Reporting Charts
83.79% 64.01%
13.09% 28.03%
3.13% 7.96%
and Yield on advance and NIM
Cost of Income
0
500
1000
FY08 FY09 FY10 FY11 FY12E
Branch Casa Ratio (RHS)
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
FY12E FY13E
NIM (RHS)
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
FY12E FY13ECredit Growth (RHS)
0
10
20
30
40
50
60
FY08 FY09 FY10 FY11 FY12E
Cost of Income
8000
10000
12000
14000
16000
18000
20000
Page 23
Reporting Charts
FY12E FY13E
Other income
0
2000
4000
6000
8000
FY08 FY09 FY10 FY11
NII Non Interest Inome
Page 24
Reporting Charts
0%
5%
10%
15%
20%
25%
30%
35%
40%
FY13E
Credit
Credit Growth (RHS)
0%
5%
10%
15%
20%
25%
30%
35%
40%
FY13E
42%
44%
46%
48%
Page 25
Reporting Charts
34%
36%
38%
40%
FY12E FY13E
FY12E FY13E
Page 26
Reporting Charts
FY11 FY12E FY13E
Non Interest Inome
Page 27
Provisions 0.78% 0.70% 678.8701 0.50% 0.600% 0.70%
Book Value 2012 550.4001 0.25% 699.6073 696.2563 696.2563
0.25% 564.8504 0.50% 692.9869 689.6359 689.6359
0.50% 558.0342 0.75% 686.3665 683.0155 683.0155
0.75% 551.218 -4.94629 1.00% 679.7461 676.3951 676.3951
1.00% 544.4018 1.25% 673.1257 669.7747 669.7747
1.25% 537.5856 -4.90614
Cost of funds 8.25% 8.00% 678.8701 7.75% 8.00% 8.25%
Book Value 2012 550.4001 8.00% 689.9923 683.7582 677.5241
8.00% 555.4328 8.25% 685.1042 678.8701 672.636
8.25% 550.4001 8.50% 680.2161 673.982 667.7479
8.50% 545.3674 -3.69123 8.75% 675.3279 669.0939 662.8598
8.75% 540.3347 9.00% 670.4398 664.2057 657.9717
9.00% 535.302 -3.73439
YOA 10.10% 10.10%
550.4000735 8.00% 8.25% 8.50% 8.75% 9.00% 678.8701
9.60% 542.9364 537.9037 532.871 527.8383 522.8056 8.00%
9.85% 549.1846 544.1519 539.1192 534.0865 529.0538 8.25%
10.10% 555.4328 550.4001 545.3674 540.3347 535.302 -7.09852 8.50%
10.35% 561.681 556.6483 551.6156 546.5829 541.5502 8.75%
10.60% 567.9292 562.8965 557.8638 552.8311 547.7984 9.00%
3.64% 8.00% 8.25% 8.50% 8.75% 9.00% 3.81%
9.60% 3.44% 3.31% 3.18% 3.05% 2.92% 8.00%
9.85% 3.61% 3.48% 3.35% 3.22% 3.08% 8.25%
10.10% 3.77% 3.64% 3.51% 3.38% 3.25% 8.50%
10.35% 3.93% 3.80% 3.67% 3.54% 3.41% 8.75%
10.60% 4.09% 3.96% 3.83% 3.70% 3.57% 9.00%
0.80% 0.90%
689.5544 686.2034
682.934 679.583
676.3136 672.9626 -3.87716
669.6932 666.3422
663.0728 659.7218
8.50% 8.75%
671.2901 665.056
666.4019 660.1679
661.5138 655.2797 -2.92812
656.6257 650.3916
651.7376 645.5035
9.50% 9.75% 10.00% 10.25% 10.50%
660.6107 668.2188 675.8269 683.4349 691.043
654.3766 661.9847 669.5928 677.2009 684.8089
648.1426 655.7506 663.3587 670.9668 678.5749 -5.52809
641.9085 649.5166 657.1246 664.7327 672.3408
635.6744 643.2825 650.8905 658.4986 666.1067
6.746481
9.50% 9.75% 10.00% 10.25% 10.50%
3.41% 3.58% 3.74% 3.91% 4.07%
3.28% 3.44% 3.61% 3.77% 3.93%
3.15% 3.31% 3.47% 3.64% 3.80%
3.01% 3.18% 3.34% 3.50% 3.67%
2.88% 3.04% 3.21% 3.37% 3.53%
Price to book
BV
Close PE
120.49 460.00 120.485
0.50 465.35 120.98159
458.55 121.478179
451.30 121.974769
499.50 122.471359
489.20 122.967948
467.65 123.464538
463.10 123.961127
469.05 124.457717
469.30 124.954307
465.80 125.450896
470.45 125.947486
464.40 126.444076
465.05 126.940665
463.20 127.437255
468.15 127.933845
467.10 128.430434
465.30 128.927024
455.55 129.423614
467.85 129.920203
474.25 130.416793
480.40 130.913382
506.15 131.409972
507.05 131.906562
516.55 132.403151
524.05 132.899741
520.45 133.396331
525.25 133.89292
535.25 134.38951
541.15 134.8861
541.10 135.382689
536.65 135.879279
553.80 136.375869
567.55 136.872458
580.65 137.369048
570.55 137.865637
564.30 138.362227
554.50 138.858817
562.45 139.355406
563.05 139.851996
Date
4/2/2007
4/3/2007
4/4/2007
4/5/2007
4/9/2007
4/10/2007
4/11/2007
4/12/2007
4/13/2007
4/16/2007
4/17/2007
4/18/2007
4/19/2007
4/20/2007
4/23/2007
4/24/2007
4/25/2007
4/26/2007
4/27/2007
4/30/2007
5/3/2007
5/4/2007
5/7/2007
5/8/2007
5/9/2007
5/10/2007
5/11/2007
5/14/2007
5/15/2007
5/16/2007
5/17/2007
5/18/2007
5/21/2007
5/22/2007
5/23/2007
5/24/2007
5/25/2007
5/28/2007
5/29/2007
5/30/2007
Page 30
Price to book
579.55 140.348586
576.15 140.845175
576.20 141.341765
577.90 141.838355
575.85 142.334944
570.00 142.831534
559.35 143.328124
564.75 143.824713
588.05 144.321303
585.05 144.817892
585.70 145.314482
596.65 145.811072
609.40 146.307661
612.90 146.804251
620.75 147.300841
616.45 147.79743
614.90 148.29402
616.55 148.79061
599.90 149.287199
589.40 149.783789
580.30 150.280378
605.00 150.776968
607.10 151.273558
623.45 151.770147
617.85 152.266737
630.05 152.763327
628.80 153.259916
632.55 153.756506
630.60 154.253096
632.50 154.749685
641.10 155.246275
641.25 155.742865
645.65 156.239454
650.50 156.736044
655.00 157.232633
649.90 157.729223
649.20 158.225813
624.80 158.722402
613.80 159.218992
617.85 159.715582
613.55 160.212171
608.75 160.708761
639.00 161.205351
626.70 161.70194
5/31/2007
6/1/2007
6/4/2007
6/5/2007
6/6/2007
6/7/2007
6/8/2007
6/11/2007
6/12/2007
6/13/2007
6/14/2007
6/15/2007
6/18/2007
6/19/2007
6/20/2007
6/21/2007
6/22/2007
6/25/2007
6/26/2007
6/27/2007
6/28/2007
6/29/2007
7/2/2007
7/3/2007
7/4/2007
7/5/2007
7/6/2007
7/9/2007
7/10/2007
7/11/2007
7/12/2007
7/13/2007
7/16/2007
7/17/2007
7/18/2007
7/19/2007
7/20/2007
7/23/2007
7/24/2007
7/25/2007
7/26/2007
7/27/2007
7/30/2007
7/31/2007
Page 31
Price to book
617.75 162.19853
620.40 162.69512
620.70 163.191709
620.15 163.688299
615.05 164.184888
625.90 164.681478
606.80 165.178068
590.05 165.674657
600.25 166.171247
596.15 166.667837
559.00 167.164426
574.65 167.661016
603.95 168.157606
588.00 168.654195
585.70 169.150785
582.30 169.647375
571.80 170.143964
577.15 170.640554
597.60 171.137143
612.05 171.633733
629.75 172.130323
634.10 172.626912
635.35 173.123502
658.65 173.620092
667.60 174.116681
659.70 174.613271
651.70 175.109861
649.35 175.60645
646.90 176.10304
646.65 176.599629
659.35 177.096219
649.35 177.592809
658.05 178.089398
660.20 178.585988
684.85 179.082578
705.20 179.579167
709.85 180.075757
728.15 180.572347
737.85 181.068936
756.00 181.565526
768.15 182.062116
764.40 182.558705
750.50 183.055295
755.15 183.551884
8/1/2007
8/2/2007
8/3/2007
8/6/2007
8/7/2007
8/8/2007
8/9/2007
8/10/2007
8/13/2007
8/14/2007
8/16/2007
8/17/2007
8/20/2007
8/21/2007
8/22/2007
8/23/2007
8/24/2007
8/27/2007
8/28/2007
8/29/2007
8/30/2007
8/31/2007
9/3/2007
9/4/2007
9/5/2007
9/6/2007
9/7/2007
9/10/2007
9/11/2007
9/12/2007
9/13/2007
9/14/2007
9/17/2007
9/18/2007
9/19/2007
9/20/2007
9/21/2007
9/24/2007
9/25/2007
9/26/2007
9/27/2007
9/28/2007
10/1/2007
10/3/2007
Page 32
Price to book
752.00 184.048474
737.20 184.545064
716.15 185.041653
727.80 185.538243
762.75 186.034833
758.75 186.531422
743.15 187.028012
813.35 187.524602
882.85 188.021191
872.25 188.517781
855.25 189.014371
832.35 189.51096
821.80 190.00755
869.35 190.504139
866.40 191.000729
868.90 191.497319
919.00 191.993908
925.45 192.490498
909.05 192.987088
918.80 193.483677
913.20 193.980267
929.20 194.476857
976.70 194.973446
942.30 195.470036
937.15 195.966625
920.10 196.463215
914.75 196.959805
894.30 197.456394
949.30 197.952984
989.15 198.449574
962.60 198.946163
974.60 199.442753
981.70 199.939343
996.75 200.435932
939.60 200.932522
924.75 201.429112
929.95 201.925701
936.80 202.422291
934.80 202.91888
908.50 203.41547
918.75 203.91206
931.25 204.408649
941.00 204.905239
943.10 205.401829
10/4/2007
10/5/2007
10/8/2007
10/9/2007
10/10/2007
10/11/2007
10/12/2007
10/15/2007
10/16/2007
10/17/2007
10/18/2007
10/19/2007
10/22/2007
10/23/2007
10/24/2007
10/25/2007
10/26/2007
10/29/2007
10/30/2007
10/31/2007
11/1/2007
11/2/2007
11/5/2007
11/6/2007
11/7/2007
11/8/2007
11/9/2007
11/12/2007
11/13/2007
11/14/2007
11/15/2007
11/16/2007
11/19/2007
11/20/2007
11/21/2007
11/22/2007
11/23/2007
11/26/2007
11/27/2007
11/28/2007
11/29/2007
11/30/2007
12/3/2007
12/4/2007
Page 33
Price to book
942.40 205.898418
926.75 206.395008
935.20 206.891598
937.45 207.388187
939.65 207.884777
942.60 208.381367
968.65 208.877956
993.90 209.374546
978.95 209.871135
953.05 210.367725
942.15 210.864315
932.10 211.360904
947.85 211.857494
971.80 212.354084
959.55 212.850673
976.95 213.347263
967.10 213.843853
973.00 214.340442
1,033.90 214.837032
1,035.45 215.333622
1,056.45 215.830211
1,089.50 216.326801
1,068.65 216.82339
1,095.60 217.31998
1,086.45 217.81657
1,167.45 218.313159
1,265.20 218.809749
1,207.90 219.306339
1,164.55 219.802928
1,159.65 220.299518
1,112.75 220.796108
1,056.75 221.292697
985.95 221.789287
1,022.60 222.285876
1,005.75 222.782466
1,098.30 223.279056
1,138.50 223.775645
1,136.90 224.272235
1,100.75 224.768825
1,110.80 225.265414
1,087.80 225.762004
1,089.25 226.258594
1,058.70 226.755183
1,083.45 227.251773
12/5/2007
12/6/2007
12/7/2007
12/10/2007
12/11/2007
12/12/2007
12/13/2007
12/14/2007
12/17/2007
12/18/2007
12/19/2007
12/20/2007
12/24/2007
12/26/2007
12/27/2007
12/28/2007
12/31/2007
1/1/2008
1/2/2008
1/3/2008
1/4/2008
1/7/2008
1/8/2008
1/9/2008
1/10/2008
1/11/2008
1/14/2008
1/15/2008
1/16/2008
1/17/2008
1/18/2008
1/21/2008
1/22/2008
1/23/2008
1/24/2008
1/25/2008
1/28/2008
1/29/2008
1/30/2008
1/31/2008
2/1/2008
2/4/2008
2/5/2008
2/6/2008
Page 34
Price to book
1,033.80 227.748363
980.85 228.244952
928.10 228.741542
989.80 229.238131
969.10 229.734721
994.50 230.231311
1,026.90 230.7279
1,051.25 231.22449
1,040.30 231.72108
1,004.20 232.217669
1,001.80 232.714259
970.50 233.210849
956.50 233.707438
959.80 234.204028
988.05 234.700618
1,003.60 235.197207
1,018.75 235.693797
940.30 236.190386
909.10 236.686976
899.25 237.183566
840.10 237.680155
805.75 238.176745
833.70 238.673335
863.35 239.169924
802.95 239.666514
860.60 240.163104
792.85 240.659693
782.10 241.156283
747.25 241.652873
718.35 242.149462
792.15 242.646052
826.55 243.142641
793.25 243.639231
804.90 244.135821
781.15 244.63241
244.6324104 721.10 244.63241
0.16200823 743.00 244.794419
745.55 244.956427
714.75 245.118435
750.80 245.280443
760.95 245.442452
796.10 245.60446
777.30 245.766468
761.70 245.928476
2/7/2008
2/8/2008
2/11/2008
2/12/2008
2/13/2008
2/14/2008
2/15/2008
2/18/2008
2/19/2008
2/20/2008
2/21/2008
2/22/2008
2/25/2008
2/26/2008
2/27/2008
2/28/2008
2/29/2008
3/3/2008
3/4/2008
3/5/2008
3/7/2008
3/10/2008
3/11/2008
3/12/2008
3/13/2008
3/14/2008
3/17/2008
3/18/2008
3/19/2008
3/24/2008
3/25/2008
3/26/2008
3/27/2008
3/28/2008
3/31/2008
4/1/2008
4/2/2008
4/3/2008
4/4/2008
4/7/2008
4/8/2008
4/9/2008
4/10/2008
4/11/2008
Page 35
Price to book
774.90 246.090484
786.80 246.252493
824.75 246.414501
881.10 246.576509
910.60 246.738517
897.25 246.900526
891.90 247.062534
906.60 247.224542
919.15 247.38655
944.30 247.548559
924.30 247.710567
933.20 247.872575
946.90 248.034583
947.85 248.196591
907.15 248.3586
863.35 248.520608
836.30 248.682616
877.20 248.844624
869.25 249.006633
865.40 249.168641
894.00 249.330649
901.65 249.492657
869.40 249.654666
869.50 249.816674
828.40 249.978682
799.85 250.14069
762.95 250.302698
740.40 250.464707
810.80 250.626715
783.30 250.788723
794.05 250.950731
750.00 251.11274
757.30 251.274748
739.40 251.436756
770.40 251.598764
760.20 251.760772
704.10 251.922781
681.20 252.084789
703.70 252.246797
715.80 252.408805
704.35 252.570814
736.15 252.732822
794.20 252.89483
753.25 253.056838
4/15/2008
4/16/2008
4/17/2008
4/21/2008
4/22/2008
4/23/2008
4/24/2008
4/25/2008
4/28/2008
4/29/2008
4/30/2008
5/2/2008
5/5/2008
5/6/2008
5/7/2008
5/8/2008
5/9/2008
5/12/2008
5/13/2008
5/14/2008
5/15/2008
5/16/2008
5/20/2008
5/21/2008
5/22/2008
5/23/2008
5/26/2008
5/27/2008
5/28/2008
5/29/2008
5/30/2008
6/2/2008
6/3/2008
6/4/2008
6/5/2008
6/6/2008
6/9/2008
6/10/2008
6/11/2008
6/12/2008
6/13/2008
6/16/2008
6/17/2008
6/18/2008
Page 36
Price to book
718.10 253.218847
705.10 253.380855
699.00 253.542863
678.90 253.704871
686.95 253.866879
676.25 254.028888
628.95 254.190896
603.65 254.352904
592.30 254.514912
635.85 254.676921
579.75 254.838929
599.55 255.000937
602.90 255.162945
608.40 255.324954
669.75 255.486962
679.00 255.64897
669.60 255.810978
635.80 255.972986
596.55 256.134995
584.45 256.297003
635.50 256.459011
686.80 256.621019
697.60 256.783028
740.05 256.945036
765.40 257.107044
761.55 257.269052
712.50 257.431061
697.20 257.593069
620.10 257.755077
679.60 257.917085
653.85 258.079093
680.30 258.241102
706.05 258.40311
760.85 258.565118
743.95 258.727126
748.50 258.889135
734.85 259.051143
759.80 259.213151
721.55 259.375159
725.20 259.537168
700.15 259.699176
691.55 259.861184
679.75 260.023192
673.65 260.1852
6/19/2008
6/20/2008
6/23/2008
6/24/2008
6/25/2008
6/26/2008
6/27/2008
6/30/2008
7/1/2008
7/2/2008
7/3/2008
7/4/2008
7/7/2008
7/8/2008
7/9/2008
7/10/2008
7/11/2008
7/14/2008
7/15/2008
7/16/2008
7/17/2008
7/18/2008
7/21/2008
7/22/2008
7/23/2008
7/24/2008
7/25/2008
7/28/2008
7/29/2008
7/30/2008
7/31/2008
8/1/2008
8/4/2008
8/5/2008
8/6/2008
8/7/2008
8/8/2008
8/11/2008
8/12/2008
8/13/2008
8/14/2008
8/18/2008
8/19/2008
8/20/2008
Page 37
Price to book
648.60 260.347209
679.40 260.509217
685.35 260.671225
680.00 260.833233
677.55 260.995242
670.65 261.15725
723.30 261.319258
722.95 261.481266
759.65 261.643275
734.90 261.805283
686.55 261.967291
710.85 262.129299
709.70 262.291307
710.95 262.453316
703.90 262.615324
692.70 262.777332
657.25 262.93934
696.55 263.101349
666.85 263.263357
678.60 263.425365
708.85 263.587373
703.15 263.749382
684.75 263.91139
710.50 264.073398
721.25 264.235406
705.15 264.397414
671.60 264.559423
720.50 264.721431
734.80 264.883439
702.90 265.045447
678.10 265.207456
680.15 265.369464
643.65 265.531472
552.30 265.69348
662.90 265.855489
638.70 266.017497
618.25 266.179505
622.85 266.341513
619.30 266.503521
617.20 266.66553
657.55 266.827538
630.95 266.989546
622.25 267.151554
534.30 267.313563
8/21/2008
8/22/2008
8/25/2008
8/26/2008
8/27/2008
8/28/2008
8/29/2008
9/1/2008
9/2/2008
9/4/2008
9/5/2008
9/8/2008
9/9/2008
9/10/2008
9/11/2008
9/12/2008
9/15/2008
9/16/2008
9/17/2008
9/18/2008
9/19/2008
9/22/2008
9/23/2008
9/24/2008
9/25/2008
9/26/2008
9/29/2008
9/30/2008
10/1/2008
10/3/2008
10/6/2008
10/7/2008
10/8/2008
10/10/2008
10/13/2008
10/14/2008
10/15/2008
10/16/2008
10/17/2008
10/20/2008
10/21/2008
10/22/2008
10/23/2008
10/24/2008
Page 38
Price to book
537.60 267.475571
568.65 267.637579
527.80 267.799587
562.60 267.961596
602.30 268.123604
640.80 268.285612
603.85 268.44762
582.65 268.609628
581.00 268.771637
608.85 268.933645
564.10 269.095653
525.65 269.257661
494.85 269.41967
455.75 269.581678
437.40 269.743686
427.40 269.905694
406.05 270.067703
411.75 270.229711
397.60 270.391719
381.95 270.553727
405.05 270.715735
406.85 270.877744
413.05 271.039752
428.80 271.20176
432.95 271.363768
455.20 271.525777
443.10 271.687785
451.50 271.849793
462.75 272.011801
457.60 272.17381
469.00 272.335818
485.55 272.497826
500.75 272.659834
497.40 272.821842
538.30 272.983851
545.70 273.145859
536.85 273.307867
498.90 273.469875
489.20 273.631884
481.75 273.793892
494.80 273.9559
510.40 274.117908
504.65 274.279917
517.25 274.441925
10/27/2008
10/28/2008
10/29/2008
10/31/2008
11/3/2008
11/4/2008
11/5/2008
11/6/2008
11/7/2008
11/10/2008
11/11/2008
11/12/2008
11/14/2008
11/17/2008
11/18/2008
11/19/2008
11/20/2008
11/21/2008
11/24/2008
11/25/2008
11/26/2008
11/28/2008
12/1/2008
12/2/2008
12/3/2008
12/4/2008
12/5/2008
12/8/2008
12/10/2008
12/11/2008
12/12/2008
12/15/2008
12/16/2008
12/17/2008
12/18/2008
12/19/2008
12/22/2008
12/23/2008
12/24/2008
12/26/2008
12/29/2008
12/30/2008
12/31/2008
1/1/2009
Page 39
Price to book
542.60 274.603933
559.25 274.765941
567.20 274.927949
522.15 275.089958
485.75 275.251966
452.55 275.413974
440.15 275.575982
449.80 275.737991
434.65 275.899999
444.35 276.062007
438.35 276.224015
422.40 276.386024
407.95 276.548032
415.95 276.71004
384.10 276.872048
394.50 277.034056
423.10 277.196065
435.05 277.358073
433.00 277.520081
397.65 277.682089
395.35 277.844098
394.75 278.006106
392.10 278.168114
402.70 278.330122
421.70 278.492131
421.05 278.654139
431.55 278.816147
430.70 278.978155
439.20 279.140163
418.75 279.302172
399.70 279.46418
394.10 279.626188
388.45 279.788196
373.15 279.950205
363.65 280.112213
366.25 280.274221
346.50 280.436229
347.95 280.598238
323.05 280.760246
324.95 280.922254
322.60 281.084262
300.85 281.24627
295.25 281.408279
280.90 281.570287
1/2/2009
1/5/2009
1/6/2009
1/7/2009
1/9/2009
1/12/2009
1/13/2009
1/14/2009
1/15/2009
1/16/2009
1/19/2009
1/20/2009
1/21/2009
1/22/2009
1/23/2009
1/27/2009
1/28/2009
1/29/2009
1/30/2009
2/2/2009
2/3/2009
2/4/2009
2/5/2009
2/6/2009
2/9/2009
2/10/2009
2/11/2009
2/12/2009
2/13/2009
2/16/2009
2/17/2009
2/18/2009
2/19/2009
2/20/2009
2/24/2009
2/25/2009
2/26/2009
2/27/2009
3/2/2009
3/3/2009
3/4/2009
3/5/2009
3/6/2009
3/9/2009
Page 40
Price to book
304.35 281.732295
330.55 281.894303
342.70 282.056312
325.80 282.21832
341.25 282.380328
358.30 282.542336
343.05 282.704345
374.05 282.866353
372.30 283.028361
397.75 283.190369
421.50 283.352377
431.20 283.514386
397.40 283.676394
414.50 283.838402
283.8384021 417.85 283.838402
0.456934426 439.75 284.295337
436.40 284.752271
443.85 285.209205
444.55 285.66614
462.25 286.123074
504.25 286.580009
470.65 287.036943
503.80 287.493878
510.30 287.950812
493.85 288.407746
472.50 288.864681
502.55 289.321615
528.75 289.77855
557.55 290.235484
530.60 290.692419
555.65 291.149353
608.85 291.606287
627.80 292.063222
604.85 292.520156
624.55 292.977091
607.35 293.434025
617.80 293.89096
668.25 294.347894
670.25 294.804828
637.40 295.261763
659.40 295.718697
793.60 296.175632
766.80 296.632566
728.05 297.0895
3/12/2009
3/13/2009
3/16/2009
3/17/2009
3/18/2009
3/19/2009
3/20/2009
3/23/2009
3/24/2009
3/25/2009
3/26/2009
3/27/2009
3/30/2009
3/31/2009
4/1/2009
4/2/2009
4/6/2009
4/8/2009
4/9/2009
4/13/2009
4/15/2009
4/16/2009
4/17/2009
4/20/2009
4/21/2009
4/22/2009
4/23/2009
4/24/2009
4/27/2009
4/28/2009
4/29/2009
5/4/2009
5/5/2009
5/6/2009
5/7/2009
5/8/2009
5/11/2009
5/12/2009
5/13/2009
5/14/2009
5/15/2009
5/18/2009
5/19/2009
5/20/2009
Page 41
Price to book
734.95 297.546435
762.70 298.003369
771.90 298.460304
743.80 298.917238
797.40 299.374173
782.05 299.831107
783.40 300.288041
742.25 300.744976
720.15 301.20191
716.20 301.658845
734.85 302.115779
737.50 302.572714
697.80 303.029648
725.20 303.486582
749.45 303.943517
725.55 304.400451
703.45 304.857386
716.45 305.31432
757.90 305.771255
720.85 306.228189
731.90 306.685123
755.50 307.142058
763.90 307.598992
746.75 308.055927
768.65 308.512861
777.30 308.969796
818.45 309.42673
867.10 309.883664
833.65 310.340599
869.55 310.797533
853.15 311.254468
871.80 311.711402
794.20 312.168337
817.20 312.625271
783.60 313.082205
765.20 313.53914
739.10 313.996074
755.90 314.453009
762.90 314.909943
788.90 315.366878
799.00 315.823812
851.75 316.280746
886.30 316.737681
882.85 317.194615
5/21/2009
5/22/2009
5/25/2009
5/26/2009
5/27/2009
5/28/2009
5/29/2009
6/1/2009
6/2/2009
6/3/2009
6/4/2009
6/5/2009
6/8/2009
6/9/2009
6/10/2009
6/11/2009
6/12/2009
6/15/2009
6/16/2009
6/17/2009
6/18/2009
6/19/2009
6/22/2009
6/23/2009
6/24/2009
6/25/2009
6/26/2009
6/29/2009
6/30/2009
7/1/2009
7/2/2009
7/3/2009
7/6/2009
7/7/2009
7/8/2009
7/9/2009
7/10/2009
7/13/2009
7/14/2009
7/15/2009
7/16/2009
7/17/2009
7/20/2009
7/21/2009
Page 42
Price to book
861.35 317.65155
892.60 318.108484
892.50 318.565419
938.60 319.022353
954.45 319.479287
919.20 319.936222
917.50 320.393156
917.70 320.850091
921.55 321.307025
894.65 321.76396
851.40 322.220894
845.20 322.677828
814.15 323.134763
840.50 323.591697
866.75 324.048632
870.55 324.505566
877.80 324.9625
870.30 325.419435
828.55 325.876369
830.85 326.333304
819.65 326.790238
843.05 327.247173
879.40 327.704107
906.95 328.161041
916.15 328.617976
930.95 329.07491
921.25 329.531845
917.60 329.988779
906.70 330.445714
891.70 330.902648
889.65 331.359582
889.65 331.816517
906.95 332.273451
932.75 332.730386
906.00 333.18732
913.40 333.644255
909.00 334.101189
902.95 334.558123
895.50 335.015058
907.65 335.471992
907.35 335.928927
911.55 336.385861
914.10 336.842796
909.75 337.29973
7/22/2009
7/23/2009
7/24/2009
7/27/2009
7/28/2009
7/29/2009
7/30/2009
7/31/2009
8/3/2009
8/4/2009
8/5/2009
8/6/2009
8/7/2009
8/10/2009
8/11/2009
8/12/2009
8/13/2009
8/14/2009
8/17/2009
8/18/2009
8/19/2009
8/20/2009
8/21/2009
8/24/2009
8/25/2009
8/26/2009
8/27/2009
8/28/2009
8/31/2009
9/1/2009
9/2/2009
9/3/2009
9/4/2009
9/7/2009
9/8/2009
9/9/2009
9/10/2009
9/11/2009
9/14/2009
9/15/2009
9/16/2009
9/17/2009
9/18/2009
9/22/2009
Page 43
Price to book
919.85 337.756664
918.25 338.213599
914.40 338.670533
925.20 339.127468
981.55 339.584402
1,008.60 340.041337
969.20 340.498271
998.65 340.955205
980.00 341.41214
1,012.65 341.869074
996.20 342.326009
1,012.75 342.782943
1,032.10 343.239878
1,006.25 343.696812
1,006.10 344.153746
1,011.25 344.610681
994.55 345.067615
976.35 345.52455
966.45 345.981484
994.80 346.438419
967.25 346.895353
952.30 347.352287
928.65 347.809222
908.90 348.266156
907.90 348.723091
894.55 349.180025
923.55 349.63696
917.00 350.093894
935.25 350.550828
997.25 351.007763
995.85 351.464697
1,005.10 351.921632
979.15 352.378566
996.60 352.8355
999.30 353.292435
1,000.10 353.749369
997.50 354.206304
984.85 354.663238
991.95 355.120173
998.75 355.577107
999.85 356.034041
1,016.80 356.490976
999.65 356.94791
969.40 357.404845
9/23/2009
9/24/2009
9/25/2009
9/29/2009
9/30/2009
10/1/2009
10/5/2009
10/6/2009
10/7/2009
10/8/2009
10/9/2009
10/12/2009
10/14/2009
10/15/2009
10/16/2009
10/17/2009
10/20/2009
10/21/2009
10/22/2009
10/23/2009
10/26/2009
10/27/2009
10/28/2009
10/29/2009
10/30/2009
11/3/2009
11/4/2009
11/5/2009
11/6/2009
11/9/2009
11/10/2009
11/11/2009
11/12/2009
11/13/2009
11/16/2009
11/17/2009
11/18/2009
11/19/2009
11/20/2009
11/23/2009
11/24/2009
11/25/2009
11/26/2009
11/27/2009
Page 44
Price to book
997.45 357.861779
1,036.50 358.318714
1,046.85 358.775648
1,047.85 359.232582
1,026.50 359.689517
1,011.10 360.146451
1,040.50 360.603386
1,016.30 361.06032
1,021.60 361.517255
1,003.65 361.974189
994.20 362.431123
958.95 362.888058
938.25 363.344992
941.90 363.801927
933.95 364.258861
954.50 364.715796
967.25 365.17273
983.30 365.629664
987.15 366.086599
984.25 366.543533
980.10 367.000468
988.70 367.457402
993.05 367.914337
1,010.00 368.371271
995.30 368.828205
1,002.95 369.28514
1,013.55 369.742074
1,051.10 370.199009
1,049.10 370.655943
1,039.45 371.112878
1,062.05 371.569812
1,078.20 372.026746
1,108.30 372.483681
1,104.20 372.940615
1,082.75 373.39755
1,060.05 373.854484
1,031.15 374.311419
1,017.60 374.768353
972.55 375.225287
1,014.00 375.682222
1,025.50 376.139156
1,063.35 376.596091
1,033.05 377.053025
1,069.90 377.50996
11/30/2009
12/1/2009
12/2/2009
12/3/2009
12/4/2009
12/7/2009
12/8/2009
12/9/2009
12/10/2009
12/11/2009
12/14/2009
12/15/2009
12/16/2009
12/17/2009
12/18/2009
12/21/2009
12/22/2009
12/23/2009
12/24/2009
12/29/2009
12/30/2009
12/31/2009
1/4/2010
1/5/2010
1/6/2010
1/7/2010
1/8/2010
1/11/2010
1/12/2010
1/13/2010
1/14/2010
1/15/2010
1/18/2010
1/19/2010
1/20/2010
1/21/2010
1/22/2010
1/25/2010
1/27/2010
1/28/2010
1/29/2010
2/1/2010
2/2/2010
2/3/2010
Page 45
Price to book
1,047.05 377.966894
1,023.35 378.423828
1,029.15 378.880763
1,023.00 379.337697
1,037.90 379.794632
1,024.80 380.251566
1,035.00 380.7085
1,027.90 381.165435
1,025.90 381.622369
1,067.55 382.079304
1,100.80 382.536238
1,096.00 382.993173
1,104.60 383.450107
1,098.35 383.907041
1,093.35 384.363976
1,097.95 384.82091
1,124.85 385.277845
1,152.70 385.734779
1,148.15 386.191714
1,121.65 386.648648
1,102.80 387.105582
1,128.40 387.562517
1,115.40 388.019451
1,129.90 388.476386
1,151.25 388.93332
1,151.95 389.390255
1,139.80 389.847189
1,145.15 390.304123
1,145.70 390.761058
1,164.90 391.217992
1,155.15 391.674927
1,146.80 392.131861
1,160.65 392.588796
1,154.40 393.04573
1,191.65 393.502664
1,199.70 393.959599
1,173.15 394.416533
1,169.10 394.873468
394.8734677 1,173.70 395.330402
0.262916929 1,174.25 395.593319
1,171.35 395.856236
1,164.20 396.119153
1,156.30 396.38207
1,182.35 396.644987
2/4/2010
2/5/2010
2/6/2010
2/8/2010
2/9/2010
2/10/2010
2/11/2010
2/15/2010
2/16/2010
2/17/2010
2/18/2010
2/19/2010
2/22/2010
2/23/2010
2/24/2010
2/25/2010
2/26/2010
3/2/2010
3/3/2010
3/4/2010
3/5/2010
3/8/2010
3/9/2010
3/10/2010
3/11/2010
3/12/2010
3/15/2010
3/16/2010
3/17/2010
3/18/2010
3/19/2010
3/22/2010
3/23/2010
3/25/2010
3/26/2010
3/29/2010
3/30/2010
3/31/2010
4/1/2010
4/5/2010
4/6/2010
4/7/2010
4/8/2010
4/9/2010
Page 46
Price to book
1,177.30 396.907904
1,157.80 397.170821
1,149.25 397.433738
1,150.45 397.696654
1,157.40 397.959571
1,186.50 398.222488
1,239.15 398.485405
1,225.70 398.748322
1,233.40 399.011239
1,274.85 399.274156
1,278.35 399.537073
1,258.95 399.79999
1,271.70 400.062907
1,268.20 400.325824
1,262.10 400.588741
1,247.35 400.851658
1,241.55 401.114575
1,236.00 401.377491
1,190.25 401.640408
1,249.30 401.903325
1,258.95 402.166242
1,287.80 402.429159
1,311.15 402.692076
1,288.10 402.954993
1,261.85 403.21791
1,254.55 403.480827
1,205.10 403.743744
1,207.40 404.006661
1,217.85 404.269578
1,196.15 404.532495
1,163.75 404.795412
1,157.85 405.058329
1,215.70 405.321245
1,220.50 405.584162
1,228.40 405.847079
1,180.85 406.109996
1,202.60 406.372913
1,243.95 406.63583
1,240.10 406.898747
1,215.55 407.161664
1,226.70 407.424581
1,240.50 407.687498
1,245.95 407.950415
1,241.95 408.213332
4/12/2010
4/13/2010
4/15/2010
4/16/2010
4/19/2010
4/20/2010
4/21/2010
4/22/2010
4/23/2010
4/26/2010
4/27/2010
4/28/2010
4/29/2010
4/30/2010
5/3/2010
5/4/2010
5/5/2010
5/6/2010
5/7/2010
5/10/2010
5/11/2010
5/12/2010
5/13/2010
5/14/2010
5/17/2010
5/18/2010
5/19/2010
5/20/2010
5/21/2010
5/24/2010
5/25/2010
5/26/2010
5/27/2010
5/28/2010
5/31/2010
6/1/2010
6/2/2010
6/3/2010
6/4/2010
6/7/2010
6/8/2010
6/9/2010
6/10/2010
6/11/2010
Page 47
Price to book
1,253.35 408.476249
1,245.85 408.739166
1,219.70 409.002082
1,215.05 409.264999
1,208.50 409.527916
1,250.05 409.790833
1,236.10 410.05375
1,250.30 410.316667
1,262.95 410.579584
1,247.85 410.842501
1,262.55 411.105418
1,241.60 411.368335
1,242.95 411.631252
1,229.55 411.894169
1,236.95 412.157086
1,238.80 412.420003
1,253.00 412.682919
1,236.10 412.945836
1,243.75 413.208753
1,269.55 413.47167
1,288.60 413.734587
1,300.70 413.997504
1,314.15 414.260421
1,344.95 414.523338
1,359.10 414.786255
1,360.95 415.049172
1,371.00 415.312089
1,346.30 415.575006
1,363.70 415.837923
1,390.60 416.10084
1,383.95 416.363756
1,382.20 416.626673
1,349.60 416.88959
1,362.00 417.152507
1,345.40 417.415424
1,351.05 417.678341
1,358.60 417.941258
1,332.15 418.204175
1,317.10 418.467092
1,311.75 418.730009
1,310.05 418.992926
1,297.00 419.255843
1,289.65 419.51876
1,316.80 419.781677
6/14/2010
6/15/2010
6/16/2010
6/17/2010
6/18/2010
6/21/2010
6/22/2010
6/23/2010
6/24/2010
6/25/2010
6/28/2010
6/29/2010
6/30/2010
7/1/2010
7/2/2010
7/5/2010
7/6/2010
7/7/2010
7/8/2010
7/9/2010
7/12/2010
7/13/2010
7/14/2010
7/15/2010
7/16/2010
7/19/2010
7/20/2010
7/21/2010
7/22/2010
7/23/2010
7/26/2010
7/27/2010
7/28/2010
7/29/2010
7/30/2010
8/2/2010
8/3/2010
8/4/2010
8/5/2010
8/6/2010
8/9/2010
8/10/2010
8/11/2010
8/12/2010
Page 48
Price to book
1,328.45 420.044593
1,334.75 420.30751
1,330.50 420.570427
1,350.70 420.833344
1,359.05 421.096261
1,366.25 421.359178
1,382.30 421.622095
1,370.45 421.885012
1,358.20 422.147929
1,364.00 422.410846
1,331.85 422.673763
1,327.60 422.93668
1,324.85 423.199597
1,350.15 423.462514
1,388.50 423.72543
1,379.95 423.988347
1,395.90 424.251264
1,398.25 424.514181
1,379.25 424.777098
1,378.70 425.040015
1,424.55 425.302932
1,424.75 425.565849
1,470.00 425.828766
1,484.40 426.091683
1,505.65 426.3546
1,542.35 426.617517
1,530.90 426.880434
1,530.05 427.143351
1,493.90 427.406267
1,506.25 427.669184
1,505.60 427.932101
1,507.60 428.195018
1,508.65 428.457935
1,531.20 428.720852
1,572.45 428.983769
1,576.95 429.246686
1,575.10 429.509603
1,565.90 429.77252
1,565.50 430.035437
1,571.10 430.298354
1,551.05 430.561271
1,542.30 430.824188
1,588.70 431.087104
1,563.45 431.350021
8/13/2010
8/16/2010
8/17/2010
8/18/2010
8/19/2010
8/20/2010
8/23/2010
8/24/2010
8/25/2010
8/26/2010
8/27/2010
8/30/2010
8/31/2010
9/1/2010
9/2/2010
9/3/2010
9/6/2010
9/7/2010
9/8/2010
9/9/2010
9/13/2010
9/14/2010
9/15/2010
9/16/2010
9/17/2010
9/20/2010
9/21/2010
9/22/2010
9/23/2010
9/24/2010
9/27/2010
9/28/2010
9/29/2010
9/30/2010
10/1/2010
10/4/2010
10/5/2010
10/6/2010
10/7/2010
10/8/2010
10/11/2010
10/12/2010
10/13/2010
10/14/2010
Page 49
Price to book
1,505.80 431.612938
1,482.05 431.875855
1,465.85 432.138772
1,455.65 432.401689
1,503.90 432.664606
1,464.15 432.927523
1,466.80 433.19044
1,460.35 433.453357
1,446.25 433.716274
1,446.65 433.979191
1,466.65 434.242108
1,511.20 434.505025
1,526.00 434.767941
1,537.15 435.030858
1,543.80 435.293775
1,549.40 435.556692
1,556.60 435.819609
1,557.90 436.082526
1,547.25 436.345443
1,523.30 436.60836
1,491.45 436.871277
1,523.55 437.134194
1,466.80 437.397111
1,426.90 437.660028
1,384.10 437.922945
1,431.95 438.185862
1,421.35 438.448779
1,385.40 438.711695
1,348.70 438.974612
1,329.20 439.237529
1,329.30 439.500446
1,367.90 439.763363
1,421.30 440.02628
1,453.45 440.289197
1,409.60 440.552114
1,382.55 440.815031
1,324.80 441.077948
1,251.05 441.340865
1,245.00 441.603782
1,323.05 441.866699
1,324.40 442.129616
1,303.25 442.392532
1,296.25 442.655449
1,309.25 442.918366
10/15/2010
10/18/2010
10/19/2010
10/20/2010
10/21/2010
10/22/2010
10/25/2010
10/26/2010
10/27/2010
10/28/2010
10/29/2010
11/1/2010
11/2/2010
11/3/2010
11/4/2010
11/5/2010
11/8/2010
11/9/2010
11/10/2010
11/11/2010
11/12/2010
11/15/2010
11/16/2010
11/18/2010
11/19/2010
11/22/2010
11/23/2010
11/24/2010
11/25/2010
11/26/2010
11/29/2010
11/30/2010
12/1/2010
12/2/2010
12/3/2010
12/6/2010
12/7/2010
12/8/2010
12/9/2010
12/10/2010
12/13/2010
12/14/2010
12/15/2010
12/16/2010
Page 50
Price to book
1,270.55 443.181283
1,317.15 443.4442
1,310.20 443.707117
1,314.65 443.970034
1,320.55 444.232951
1,315.90 444.495868
1,288.85 444.758785
1,310.50 445.021702
1,329.35 445.284619
1,349.50 445.547536
1,367.60 445.810453
1,347.40 446.073369
1,310.85 446.336286
1,307.40 446.599203
1,280.25 446.86212
1,256.20 447.125037
1,297.65 447.387954
1,312.95 447.650871
1,269.20 447.913788
1,201.35 448.176705
1,227.55 448.439622
1,279.20 448.702539
1,281.00 448.965456
1,285.75 449.228373
1,284.40 449.49129
1,322.10 449.754206
1,298.10 450.017123
1,298.90 450.28004
1,253.30 450.542957
1,246.75 450.805874
1,241.80 451.068791
1,224.70 451.331708
1,255.60 451.594625
1,220.40 451.857542
1,228.75 452.120459
1,191.50 452.383376
1,159.45 452.646293
1,165.85 452.90921
1,222.00 453.172127
1,271.30 453.435043
1,275.65 453.69796
1,295.85 453.960877
1,316.90 454.223794
1,292.95 454.486711
12/20/2010
12/21/2010
12/22/2010
12/23/2010
12/24/2010
12/27/2010
12/28/2010
12/29/2010
12/30/2010
12/31/2010
1/3/2011
1/4/2011
1/5/2011
1/6/2011
1/7/2011
1/10/2011
1/11/2011
1/12/2011
1/13/2011
1/14/2011
1/17/2011
1/18/2011
1/19/2011
1/20/2011
1/21/2011
1/24/2011
1/25/2011
1/27/2011
1/28/2011
1/31/2011
2/1/2011
2/2/2011
2/3/2011
2/4/2011
2/7/2011
2/8/2011
2/9/2011
2/10/2011
2/11/2011
2/14/2011
2/15/2011
2/16/2011
2/17/2011
2/18/2011
Page 51
Price to book
1,308.35 454.749628
1,264.70 455.012545
1,254.85 455.275462
1,191.55 455.538379
1,230.70 455.801296
1,223.90 456.064213
1,288.15 456.32713
1,304.65 456.590047
1,328.30 456.852964
1,284.30 457.11588
1,313.25 457.378797
1,299.95 457.641714
1,285.25 457.904631
1,265.25 458.167548
1,290.55 458.430465
1,281.15 458.693382
1,317.65 458.956299
1,292.70 459.219216
1,271.25 459.482133
1,278.10 459.74505
1,294.80 460.007967
1,313.40 460.270884
1,316.50 460.533801
1,365.75 460.796717
1,384.65 461.059634
1,422.60 461.322551
1,424.70 461.585468
1,403.65 461.848385
461.8483852 1,409.05 461.848385
0.284197022 1,432.15 462.132582
1,427.35 462.416779
1,429.15 462.700976
1,447.45 462.985173
1,450.85 463.26937
1,412.15 463.553567
1,439.40 463.837764
1,427.35 464.121961
1,394.80 464.406158
1,410.60 464.690355
1,447.90 464.974552
1,449.55 465.258749
1,377.15 465.542946
1,355.20 465.827144
1,342.25 466.111341
2/21/2011
2/22/2011
2/23/2011
2/24/2011
2/25/2011
2/28/2011
3/1/2011
3/3/2011
3/4/2011
3/7/2011
3/8/2011
3/9/2011
3/10/2011
3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/24/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/13/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/25/2011
4/26/2011
4/27/2011
Page 52
Price to book
1,334.30 466.395538
1,286.00 466.679735
1,275.90 466.963932
1,230.70 467.248129
1,232.90 467.532326
1,209.20 467.816523
1,253.90 468.10072
1,236.70 468.384917
1,228.95 468.669114
1,227.70 468.953311
1,204.15 469.237508
1,244.90 469.521705
1,223.30 469.805902
1,217.75 470.090099
1,216.15 470.374296
1,213.35 470.658493
1,222.25 470.94269
1,187.25 471.226887
1,201.70 471.511084
1,180.75 471.795281
1,205.85 472.079478
1,218.95 472.363675
1,245.75 472.647872
1,278.60 472.932069
1,275.30 473.216266
1,276.55 473.500463
1,243.65 473.78466
1,235.45 474.068857
1,244.60 474.353054
1,228.45 474.637251
1,246.05 474.921448
1,235.65 475.205645
1,236.80 475.489842
1,258.35 475.774039
1,223.95 476.058236
1,218.80 476.342433
1,223.35 476.62663
1,224.05 476.910827
1,241.00 477.195024
1,254.65 477.479221
1,244.00 477.763418
1,272.55 478.047615
1,304.55 478.331812
1,301.45 478.61601
4/28/2011
4/29/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011
5/26/2011
5/27/2011
5/30/2011
5/31/2011
6/1/2011
6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/9/2011
6/10/2011
6/13/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/23/2011
6/24/2011
6/27/2011
6/28/2011
Page 53
Price to book
1,293.70 478.900207
1,289.00 479.184404
1,310.70 479.468601
1,333.05 479.752798
1,326.55 480.036995
1,310.95 480.321192
1,331.60 480.605389
1,307.30 480.889586
1,264.20 481.173783
1,266.55 481.45798
1,274.15 481.742177
1,279.20 482.026374
1,267.90 482.310571
1,263.80 482.594768
1,272.70 482.878965
1,259.65 483.163162
1,239.40 483.447359
1,296.95 483.731556
1,337.20 484.015753
1,319.85 484.29995
1,300.10 484.584147
1,297.85 484.868344
1,338.15 485.152541
1,352.00 485.436738
1,343.10 485.720935
1,308.20 486.005132
1,285.00 486.289329
1,244.25 486.573526
1,237.00 486.857723
1,210.50 487.14192
1,248.45 487.426117
487.710314
487.994511
488.278708
488.562905
488.847102
489.131299
489.415496
489.699693
489.98389
490.268087
490.552284
490.836481
491.120678
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/12/2011
7/13/2011
7/14/2011
7/15/2011
7/18/2011
7/19/2011
7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011
8/1/2011
8/2/2011
8/3/2011
8/4/2011
8/5/2011
8/8/2011
8/9/2011
8/10/2011
8/11/2011
8/12/2011
8/13/2011
8/14/2011
8/15/2011
8/16/2011
8/17/2011
8/18/2011
8/19/2011
8/20/2011
8/21/2011
8/22/2011
8/23/2011
Page 54
Price to book
491.404876
491.689073
491.97327
492.257467
492.541664
492.825861
493.110058
493.394255
493.678452
493.962649
494.246846
494.531043
494.81524
495.099437
495.383634
495.667831
495.952028
496.236225
496.520422
496.804619
497.088816
497.373013
497.65721
497.941407
498.225604
498.509801
498.793998
499.078195
499.362392
499.646589
499.930786
500.214983
500.49918
500.783377
501.067574
501.351771
501.635968
501.920165
502.204362
502.488559
502.772756
503.056953
503.34115
503.625347
8/24/2011
8/25/2011
8/26/2011
8/27/2011
8/28/2011
8/29/2011
8/30/2011
8/31/2011
9/1/2011
9/2/2011
9/3/2011
9/4/2011
9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/10/2011
9/11/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/17/2011
9/18/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011
9/24/2011
9/25/2011
9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/1/2011
10/2/2011
10/3/2011
10/4/2011
10/5/2011
10/6/2011
Page 55
Price to book
503.909544
504.193741
504.477939
504.762136
505.046333
505.33053
505.614727
505.898924
506.183121
506.467318
506.751515
507.035712
507.319909
507.604106
507.888303
508.1725
508.456697
508.740894
509.025091
509.309288
509.593485
509.877682
510.161879
510.446076
510.730273
511.01447
511.298667
511.582864
511.867061
512.151258
512.435455
512.719652
513.003849
513.288046
513.572243
513.85644
514.140637
514.424834
514.709031
514.993228
515.277425
515.561622
515.845819
516.130016
10/7/2011
10/8/2011
10/9/2011
10/10/2011
10/11/2011
10/12/2011
10/13/2011
10/14/2011
10/15/2011
10/16/2011
10/17/2011
10/18/2011
10/19/2011
10/20/2011
10/21/2011
10/22/2011
10/23/2011
10/24/2011
10/25/2011
10/26/2011
10/27/2011
10/28/2011
10/29/2011
10/30/2011
10/31/2011
11/1/2011
11/2/2011
11/3/2011
11/4/2011
11/5/2011
11/6/2011
11/7/2011
11/8/2011
11/9/2011
11/10/2011
11/11/2011
11/12/2011
11/13/2011
11/14/2011
11/15/2011
11/16/2011
11/17/2011
11/18/2011
11/19/2011
Page 56
Price to book
516.414213
516.69841
516.982607
517.266805
517.551002
517.835199
518.119396
518.403593
518.68779
518.971987
519.256184
519.540381
519.824578
520.108775
520.392972
520.677169
520.961366
521.245563
521.52976
521.813957
522.098154
522.382351
522.666548
522.950745
523.234942
523.519139
523.803336
524.087533
524.37173
524.655927
524.940124
525.224321
525.508518
525.792715
526.076912
526.361109
526.645306
526.929503
527.2137
527.497897
527.782094
528.066291
528.350488
528.634685
11/20/2011
11/21/2011
11/22/2011
11/23/2011
11/24/2011
11/25/2011
11/26/2011
11/27/2011
11/28/2011
11/29/2011
11/30/2011
12/1/2011
12/2/2011
12/3/2011
12/4/2011
12/5/2011
12/6/2011
12/7/2011
12/8/2011
12/9/2011
12/10/2011
12/11/2011
12/12/2011
12/13/2011
12/14/2011
12/15/2011
12/16/2011
12/17/2011
12/18/2011
12/19/2011
12/20/2011
12/21/2011
12/22/2011
12/23/2011
12/24/2011
12/25/2011
12/26/2011
12/27/2011
12/28/2011
12/29/2011
12/30/2011
12/31/2011
1/1/2012
1/2/2012
Page 57
Price to book
528.918882
529.203079
529.487276
529.771473
530.055671
530.339868
530.624065
530.908262
531.192459
531.476656
531.760853
532.04505
532.329247
532.613444
532.897641
533.181838
533.466035
533.750232
534.034429
534.318626
534.602823
534.88702
535.171217
535.455414
535.739611
536.023808
536.308005
536.592202
536.876399
537.160596
537.444793
537.72899
538.013187
538.297384
538.581581
538.865778
539.149975
539.434172
539.718369
540.002566
540.286763
540.57096
540.855157
541.139354
1/3/2012
1/4/2012
1/5/2012
1/6/2012
1/7/2012
1/8/2012
1/9/2012
1/10/2012
1/11/2012
1/12/2012
1/13/2012
1/14/2012
1/15/2012
1/16/2012
1/17/2012
1/18/2012
1/19/2012
1/20/2012
1/21/2012
1/22/2012
1/23/2012
1/24/2012
1/25/2012
1/26/2012
1/27/2012
1/28/2012
1/29/2012
1/30/2012
1/31/2012
2/1/2012
2/2/2012
2/3/2012
2/4/2012
2/5/2012
2/6/2012
2/7/2012
2/8/2012
2/9/2012
2/10/2012
2/11/2012
2/12/2012
2/13/2012
2/14/2012
2/15/2012
Page 58
Price to book
541.423551
541.707748
541.991945
542.276142
542.560339
542.844537
543.128734
543.412931
543.697128
543.981325
544.265522
544.549719
544.833916
545.118113
545.40231
545.686507
545.970704
546.254901
546.539098
546.823295
547.107492
547.391689
547.675886
547.960083
548.24428
548.528477
548.812674
549.096871
549.381068
549.665265
549.949462
550.233659
550.517856
550.802053
551.08625
551.370447
551.654644
551.938841
552.223038
552.507235
552.791432
553.075629
553.359826
553.644023
2/16/2012
2/17/2012
2/18/2012
2/19/2012
2/20/2012
2/21/2012
2/22/2012
2/23/2012
2/24/2012
2/25/2012
2/26/2012
2/27/2012
2/28/2012
2/29/2012
3/1/2012
3/2/2012
3/3/2012
3/4/2012
3/5/2012
3/6/2012
3/7/2012
3/8/2012
3/9/2012
3/10/2012
3/11/2012
3/12/2012
3/13/2012
3/14/2012
3/15/2012
3/16/2012
3/17/2012
3/18/2012
3/28/2012
3/29/2012
3/30/2012
3/19/2012
3/20/2012
3/21/2012
3/22/2012
3/23/2012
3/24/2012
3/25/2012
3/26/2012
3/27/2012
Page 59
Price to book
555.1339322 553.928223/31/2012
4/1/2012
4/2/2012
4/3/2012
Page 60
Price to book
X CMP 1X 2X 3X
2007 2008 2009 2010 2011 2012
120.49 245.13 284.50 395.99 462.77 555.13
Date Price 1.0 2 3.0
460.00 120.485 240.97 361.455
465.35 120.98159 241.963179 362.944769
458.55 121.478179 242.956359 364.434538
451.30 121.974769 243.949538 365.924307
499.50 122.471359 244.942717 367.414076
489.20 122.967948 245.935896 368.903845
467.65 123.464538 246.929076 370.393614
463.10 123.961127 247.922255 371.883382
469.05 124.457717 248.915434 373.373151
469.30 124.954307 249.908614 374.86292
465.80 125.450896 250.901793 376.352689
470.45 125.947486 251.894972 377.842458
464.40 126.444076 252.888151 379.332227
465.05 126.940665 253.881331 380.821996
463.20 127.437255 254.87451 382.311765
468.15 127.933845 255.867689 383.801534
467.10 128.430434 256.860869 385.291303
465.30 128.927024 257.854048 386.781072
455.55 129.423614 258.847227 388.270841
467.85 129.920203 259.840406 389.76061
474.25 130.416793 260.833586 391.250378
480.40 130.913382 261.826765 392.740147
506.15 131.409972 262.819944 394.229916
507.05 131.906562 263.813124 395.719685
516.55 132.403151 264.806303 397.209454
524.05 132.899741 265.799482 398.699223
520.45 133.396331 266.792661 400.188992
525.25 133.89292 267.785841 401.678761
535.25 134.38951 268.77902 403.16853
541.15 134.8861 269.772199 404.658299
541.10 135.382689 270.765378 406.148068
536.65 135.879279 271.758558 407.637837
553.80 136.375869 272.751737 409.127606
567.55 136.872458 273.744916 410.617375
580.65 137.369048 274.738096 412.107143
570.55 137.865637 275.731275 413.596912
564.30 138.362227 276.724454 415.086681
554.50 138.858817 277.717633 416.57645
562.45 139.355406 278.710813 418.066219
563.05 139.851996 279.703992 419.555988
02 Apr 07
03 Apr 07
04 Apr 07
05 Apr 07
09 Apr 07
10 Apr 07
11 Apr 07
12 Apr 07
13 Apr 07
16 Apr 07
17 Apr 07
18 Apr 07
19 Apr 07
20 Apr 07
23 Apr 07
24 Apr 07
25 Apr 07
26 Apr 07
27 Apr 07
30 Apr 07
03 May 07
04 May 07
07 May 07
08 May 07
09 May 07
10 May 07
11 May 07
14 May 07
15 May 07
16 May 07
17 May 07
18 May 07
21 May 07
22 May 07
23 May 07
24 May 07
25 May 07
28 May 07
29 May 07
30 May 07
0.00
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
02/04/2007 02/04/2008 02/04/2009 02/04/2010 02/04/2011
CMP 1X 2X 3X 4X 5X
Page 61
Price to book
579.55 140.348586 280.697171 421.045757
576.15 140.845175 281.690351 422.535526
576.20 141.341765 282.68353 424.025295
577.90 141.838355 283.676709 425.515064
575.85 142.334944 284.669888 427.004833
570.00 142.831534 285.663068 428.494602
559.35 143.328124 286.656247 429.984371
564.75 143.824713 287.649426 431.474139
588.05 144.321303 288.642606 432.963908
585.05 144.817892 289.635785 434.453677
585.70 145.314482 290.628964 435.943446
596.65 145.811072 291.622143 437.433215
609.40 146.307661 292.615323 438.922984
612.90 146.804251 293.608502 440.412753
620.75 147.300841 294.601681 441.902522
616.45 147.79743 295.594861 443.392291
614.90 148.29402 296.58804 444.88206
616.55 148.79061 297.581219 446.371829
599.90 149.287199 298.574398 447.861598
589.40 149.783789 299.567578 449.351367
580.30 150.280378 300.560757 450.841135
605.00 150.776968 301.553936 452.330904
607.10 151.273558 302.547116 453.820673
623.45 151.770147 303.540295 455.310442
617.85 152.266737 304.533474 456.800211
630.05 152.763327 305.526653 458.28998
628.80 153.259916 306.519833 459.779749
632.55 153.756506 307.513012 461.269518
630.60 154.253096 308.506191 462.759287
632.50 154.749685 309.499371 464.249056
641.10 155.246275 310.49255 465.738825
641.25 155.742865 311.485729 467.228594
645.65 156.239454 312.478908 468.718363
650.50 156.736044 313.472088 470.208131
655.00 157.232633 314.465267 471.6979
649.90 157.729223 315.458446 473.187669
649.20 158.225813 316.451625 474.677438
624.80 158.722402 317.444805 476.167207
613.80 159.218992 318.437984 477.656976
617.85 159.715582 319.431163 479.146745
613.55 160.212171 320.424343 480.636514
608.75 160.708761 321.417522 482.126283
639.00 161.205351 322.410701 483.616052
626.70 161.70194 323.40388 485.105821
31 May 07
01 Jun 07
04 Jun 07
05 Jun 07
06 Jun 07
07 Jun 07
08 Jun 07
11 Jun 07
12 Jun 07
13 Jun 07
14 Jun 07
15 Jun 07
18 Jun 07
19 Jun 07
20 Jun 07
21 Jun 07
22 Jun 07
25 Jun 07
26 Jun 07
27 Jun 07
28 Jun 07
29 Jun 07
02 Jul 07
03 Jul 07
04 Jul 07
05 Jul 07
06 Jul 07
09 Jul 07
10 Jul 07
11 Jul 07
12 Jul 07
13 Jul 07
16 Jul 07
17 Jul 07
18 Jul 07
19 Jul 07
20 Jul 07
23 Jul 07
24 Jul 07
25 Jul 07
26 Jul 07
27 Jul 07
30 Jul 07
31 Jul 07
Page 62
Price to book
617.75 162.19853 324.39706 486.59559
620.40 162.69512 325.390239 488.085359
620.70 163.191709 326.383418 489.575127
620.15 163.688299 327.376598 491.064896
615.05 164.184888 328.369777 492.554665
625.90 164.681478 329.362956 494.044434
606.80 165.178068 330.356135 495.534203
590.05 165.674657 331.349315 497.023972
600.25 166.171247 332.342494 498.513741
596.15 166.667837 333.335673 500.00351
559.00 167.164426 334.328853 501.493279
574.65 167.661016 335.322032 502.983048
603.95 168.157606 336.315211 504.472817
588.00 168.654195 337.30839 505.962586
585.70 169.150785 338.30157 507.452355
582.30 169.647375 339.294749 508.942124
571.80 170.143964 340.287928 510.431892
577.15 170.640554 341.281108 511.921661
597.60 171.137143 342.274287 513.41143
612.05 171.633733 343.267466 514.901199
629.75 172.130323 344.260645 516.390968
634.10 172.626912 345.253825 517.880737
635.35 173.123502 346.247004 519.370506
658.65 173.620092 347.240183 520.860275
667.60 174.116681 348.233363 522.350044
659.70 174.613271 349.226542 523.839813
651.70 175.109861 350.219721 525.329582
649.35 175.60645 351.2129 526.819351
646.90 176.10304 352.20608 528.30912
646.65 176.599629 353.199259 529.798888
659.35 177.096219 354.192438 531.288657
649.35 177.592809 355.185618 532.778426
658.05 178.089398 356.178797 534.268195
660.20 178.585988 357.171976 535.757964
684.85 179.082578 358.165155 537.247733
705.20 179.579167 359.158335 538.737502
709.85 180.075757 360.151514 540.227271
728.15 180.572347 361.144693 541.71704
737.85 181.068936 362.137873 543.206809
756.00 181.565526 363.131052 544.696578
768.15 182.062116 364.124231 546.186347
764.40 182.558705 365.11741 547.676116
750.50 183.055295 366.11059 549.165884
755.15 183.551884 367.103769 550.655653
01 Aug 07
02 Aug 07
03 Aug 07
06 Aug 07
07 Aug 07
08 Aug 07
09 Aug 07
10 Aug 07
13 Aug 07
14 Aug 07
16 Aug 07
17 Aug 07
20 Aug 07
21 Aug 07
22 Aug 07
23 Aug 07
24 Aug 07
27 Aug 07
28 Aug 07
29 Aug 07
30 Aug 07
31 Aug 07
03 Sep 07
04 Sep 07
05 Sep 07
06 Sep 07
07 Sep 07
10 Sep 07
11 Sep 07
12 Sep 07
13 Sep 07
14 Sep 07
17 Sep 07
18 Sep 07
19 Sep 07
20 Sep 07
21 Sep 07
24 Sep 07
25 Sep 07
26 Sep 07
27 Sep 07
28 Sep 07
01 Oct 07
03 Oct 07
Page 63
Price to book
752.00 184.048474 368.096948 552.145422
737.20 184.545064 369.090127 553.635191
716.15 185.041653 370.083307 555.12496
727.80 185.538243 371.076486 556.614729
762.75 186.034833 372.069665 558.104498
758.75 186.531422 373.062845 559.594267
743.15 187.028012 374.056024 561.084036
813.35 187.524602 375.049203 562.573805
882.85 188.021191 376.042382 564.063574
872.25 188.517781 377.035562 565.553343
855.25 189.014371 378.028741 567.043112
832.35 189.51096 379.02192 568.53288
821.80 190.00755 380.0151 570.022649
869.35 190.504139 381.008279 571.512418
866.40 191.000729 382.001458 573.002187
868.90 191.497319 382.994637 574.491956
919.00 191.993908 383.987817 575.981725
925.45 192.490498 384.980996 577.471494
909.05 192.987088 385.974175 578.961263
918.80 193.483677 386.967355 580.451032
913.20 193.980267 387.960534 581.940801
929.20 194.476857 388.953713 583.43057
976.70 194.973446 389.946892 584.920339
942.30 195.470036 390.940072 586.410108
937.15 195.966625 391.933251 587.899876
920.10 196.463215 392.92643 589.389645
914.75 196.959805 393.91961 590.879414
894.30 197.456394 394.912789 592.369183
949.30 197.952984 395.905968 593.858952
989.15 198.449574 396.899147 595.348721
962.60 198.946163 397.892327 596.83849
974.60 199.442753 398.885506 598.328259
981.70 199.939343 399.878685 599.818028
996.75 200.435932 400.871865 601.307797
939.60 200.932522 401.865044 602.797566
924.75 201.429112 402.858223 604.287335
929.95 201.925701 403.851402 605.777104
936.80 202.422291 404.844582 607.266873
934.80 202.91888 405.837761 608.756641
908.50 203.41547 406.83094 610.24641
918.75 203.91206 407.82412 611.736179
931.25 204.408649 408.817299 613.225948
941.00 204.905239 409.810478 614.715717
943.10 205.401829 410.803657 616.205486
04 Oct 07
05 Oct 07
08 Oct 07
09 Oct 07
10 Oct 07
11 Oct 07
12 Oct 07
15 Oct 07
16 Oct 07
17 Oct 07
18 Oct 07
19 Oct 07
22 Oct 07
23 Oct 07
24 Oct 07
25 Oct 07
26 Oct 07
29 Oct 07
30 Oct 07
31 Oct 07
01 Nov 07
02 Nov 07
05 Nov 07
06 Nov 07
07 Nov 07
08 Nov 07
09 Nov 07
12 Nov 07
13 Nov 07
14 Nov 07
15 Nov 07
16 Nov 07
19 Nov 07
20 Nov 07
21 Nov 07
22 Nov 07
23 Nov 07
26 Nov 07
27 Nov 07
28 Nov 07
29 Nov 07
30 Nov 07
03 Dec 07
04 Dec 07
Page 64
Price to book
942.40 205.898418 411.796837 617.695255
926.75 206.395008 412.790016 619.185024
935.20 206.891598 413.783195 620.674793
937.45 207.388187 414.776375 622.164562
939.65 207.884777 415.769554 623.654331
942.60 208.381367 416.762733 625.1441
968.65 208.877956 417.755912 626.633869
993.90 209.374546 418.749092 628.123637
978.95 209.871135 419.742271 629.613406
953.05 210.367725 420.73545 631.103175
942.15 210.864315 421.728629 632.592944
932.10 211.360904 422.721809 634.082713
947.85 211.857494 423.714988 635.572482
971.80 212.354084 424.708167 637.062251
959.55 212.850673 425.701347 638.55202
976.95 213.347263 426.694526 640.041789
967.10 213.843853 427.687705 641.531558
973.00 214.340442 428.680884 643.021327
1,033.90 214.837032 429.674064 644.511096
1,035.45 215.333622 430.667243 646.000865
1,056.45 215.830211 431.660422 647.490633
1,089.50 216.326801 432.653602 648.980402
1,068.65 216.82339 433.646781 650.470171
1,095.60 217.31998 434.63996 651.95994
1,086.45 217.81657 435.633139 653.449709
1,167.45 218.313159 436.626319 654.939478
1,265.20 218.809749 437.619498 656.429247
1,207.90 219.306339 438.612677 657.919016
1,164.55 219.802928 439.605857 659.408785
1,159.65 220.299518 440.599036 660.898554
1,112.75 220.796108 441.592215 662.388323
1,056.75 221.292697 442.585394 663.878092
985.95 221.789287 443.578574 665.367861
1,022.60 222.285876 444.571753 666.857629
1,005.75 222.782466 445.564932 668.347398
1,098.30 223.279056 446.558112 669.837167
1,138.50 223.775645 447.551291 671.326936
1,136.90 224.272235 448.54447 672.816705
1,100.75 224.768825 449.537649 674.306474
1,110.80 225.265414 450.530829 675.796243
1,087.80 225.762004 451.524008 677.286012
1,089.25 226.258594 452.517187 678.775781
1,058.70 226.755183 453.510367 680.26555
1,083.45 227.251773 454.503546 681.755319
05 Dec 07
06 Dec 07
07 Dec 07
10 Dec 07
11 Dec 07
12 Dec 07
13 Dec 07
14 Dec 07
17 Dec 07
18 Dec 07
19 Dec 07
20 Dec 07
24 Dec 07
26 Dec 07
27 Dec 07
28 Dec 07
31 Dec 07
01 Jan 08
02 Jan 08
03 Jan 08
04 Jan 08
07 Jan 08
08 Jan 08
09 Jan 08
10 Jan 08
11 Jan 08
14 Jan 08
15 Jan 08
16 Jan 08
17 Jan 08
18 Jan 08
21 Jan 08
22 Jan 08
23 Jan 08
24 Jan 08
25 Jan 08
28 Jan 08
29 Jan 08
30 Jan 08
31 Jan 08
01 Feb 08
04 Feb 08
05 Feb 08
06 Feb 08
Page 65
Price to book
1,033.80 227.748363 455.496725 683.245088
980.85 228.244952 456.489904 684.734857
928.10 228.741542 457.483084 686.224625
989.80 229.238131 458.476263 687.714394
969.10 229.734721 459.469442 689.204163
994.50 230.231311 460.462622 690.693932
1,026.90 230.7279 461.455801 692.183701
1,051.25 231.22449 462.44898 693.67347
1,040.30 231.72108 463.442159 695.163239
1,004.20 232.217669 464.435339 696.653008
1,001.80 232.714259 465.428518 698.142777
970.50 233.210849 466.421697 699.632546
956.50 233.707438 467.414876 701.122315
959.80 234.204028 468.408056 702.612084
988.05 234.700618 469.401235 704.101853
1,003.60 235.197207 470.394414 705.591622
1,018.75 235.693797 471.387594 707.08139
940.30 236.190386 472.380773 708.571159
909.10 236.686976 473.373952 710.060928
899.25 237.183566 474.367131 711.550697
840.10 237.680155 475.360311 713.040466
805.75 238.176745 476.35349 714.530235
833.70 238.673335 477.346669 716.020004
863.35 239.169924 478.339849 717.509773
802.95 239.666514 479.333028 718.999542
860.60 240.163104 480.326207 720.489311
792.85 240.659693 481.319386 721.97908
782.10 241.156283 482.312566 723.468849
747.25 241.652873 483.305745 724.958618
718.35 242.149462 484.298924 726.448386
792.15 242.646052 485.292104 727.938155
826.55 243.142641 486.285283 729.427924
793.25 243.639231 487.278462 730.917693
804.90 244.135821 488.271641 732.407462
781.15 244.63241 489.264821 733.897231
721.10 244.63241 489.264821 733.897231
743.00 244.794419 489.588837 734.383256
745.55 244.956427 489.912854 734.86928
714.75 245.118435 490.23687 735.355305
750.80 245.280443 490.560887 735.84133
760.95 245.442452 490.884903 736.327355
796.10 245.60446 491.208919 736.813379
777.30 245.766468 491.532936 737.299404
761.70 245.928476 491.856952 737.785429
07 Feb 08
08 Feb 08
11 Feb 08
12 Feb 08
13 Feb 08
14 Feb 08
15 Feb 08
18 Feb 08
19 Feb 08
20 Feb 08
21 Feb 08
22 Feb 08
25 Feb 08
26 Feb 08
27 Feb 08
28 Feb 08
29 Feb 08
03 Mar 08
04 Mar 08
05 Mar 08
07 Mar 08
10 Mar 08
11 Mar 08
12 Mar 08
13 Mar 08
14 Mar 08
17 Mar 08
18 Mar 08
19 Mar 08
24 Mar 08
25 Mar 08
26 Mar 08
27 Mar 08
28 Mar 08
31 Mar 08
01 Apr 08
02 Apr 08
03 Apr 08
04 Apr 08
07 Apr 08
08 Apr 08
09 Apr 08
10 Apr 08
11 Apr 08
Page 66
Price to book
774.90 246.090484 492.180969 738.271453
786.80 246.252493 492.504985 738.757478
824.75 246.414501 492.829002 739.243503
881.10 246.576509 493.153018 739.729527
910.60 246.738517 493.477035 740.215552
897.25 246.900526 493.801051 740.701577
891.90 247.062534 494.125068 741.187601
906.60 247.224542 494.449084 741.673626
919.15 247.38655 494.773101 742.159651
944.30 247.548559 495.097117 742.645676
924.30 247.710567 495.421133 743.1317
933.20 247.872575 495.74515 743.617725
946.90 248.034583 496.069166 744.10375
947.85 248.196591 496.393183 744.589774
907.15 248.3586 496.717199 745.075799
863.35 248.520608 497.041216 745.561824
836.30 248.682616 497.365232 746.047848
877.20 248.844624 497.689249 746.533873
869.25 249.006633 498.013265 747.019898
865.40 249.168641 498.337282 747.505922
894.00 249.330649 498.661298 747.991947
901.65 249.492657 498.985315 748.477972
869.40 249.654666 499.309331 748.963997
869.50 249.816674 499.633347 749.450021
828.40 249.978682 499.957364 749.936046
799.85 250.14069 500.28138 750.422071
762.95 250.302698 500.605397 750.908095
740.40 250.464707 500.929413 751.39412
810.80 250.626715 501.25343 751.880145
783.30 250.788723 501.577446 752.366169
794.05 250.950731 501.901463 752.852194
750.00 251.11274 502.225479 753.338219
757.30 251.274748 502.549496 753.824243
739.40 251.436756 502.873512 754.310268
770.40 251.598764 503.197529 754.796293
760.20 251.760772 503.521545 755.282317
704.10 251.922781 503.845561 755.768342
681.20 252.084789 504.169578 756.254367
703.70 252.246797 504.493594 756.740392
715.80 252.408805 504.817611 757.226416
704.35 252.570814 505.141627 757.712441
736.15 252.732822 505.465644 758.198466
794.20 252.89483 505.78966 758.68449
753.25 253.056838 506.113677 759.170515
15 Apr 08
16 Apr 08
17 Apr 08
21 Apr 08
22 Apr 08
23 Apr 08
24 Apr 08
25 Apr 08
28 Apr 08
29 Apr 08
30 Apr 08
02 May 08
05 May 08
06 May 08
07 May 08
08 May 08
09 May 08
12 May 08
13 May 08
14 May 08
15 May 08
16 May 08
20 May 08
21 May 08
22 May 08
23 May 08
26 May 08
27 May 08
28 May 08
29 May 08
30 May 08
02 Jun 08
03 Jun 08
04 Jun 08
05 Jun 08
06 Jun 08
09 Jun 08
10 Jun 08
11 Jun 08
12 Jun 08
13 Jun 08
16 Jun 08
17 Jun 08
18 Jun 08
Page 67
Price to book
718.10 253.218847 506.437693 759.65654
705.10 253.380855 506.76171 760.142564
699.00 253.542863 507.085726 760.628589
678.90 253.704871 507.409743 761.114614
686.95 253.866879 507.733759 761.600638
676.25 254.028888 508.057775 762.086663
628.95 254.190896 508.381792 762.572688
603.65 254.352904 508.705808 763.058713
592.30 254.514912 509.029825 763.544737
635.85 254.676921 509.353841 764.030762
579.75 254.838929 509.677858 764.516787
599.55 255.000937 510.001874 765.002811
602.90 255.162945 510.325891 765.488836
608.40 255.324954 510.649907 765.974861
669.75 255.486962 510.973924 766.460885
679.00 255.64897 511.29794 766.94691
669.60 255.810978 511.621957 767.432935
635.80 255.972986 511.945973 767.918959
596.55 256.134995 512.269989 768.404984
584.45 256.297003 512.594006 768.891009
635.50 256.459011 512.918022 769.377034
686.80 256.621019 513.242039 769.863058
697.60 256.783028 513.566055 770.349083
740.05 256.945036 513.890072 770.835108
765.40 257.107044 514.214088 771.321132
761.55 257.269052 514.538105 771.807157
712.50 257.431061 514.862121 772.293182
697.20 257.593069 515.186138 772.779206
620.10 257.755077 515.510154 773.265231
679.60 257.917085 515.834171 773.751256
653.85 258.079093 516.158187 774.23728
680.30 258.241102 516.482203 774.723305
706.05 258.40311 516.80622 775.20933
760.85 258.565118 517.130236 775.695355
743.95 258.727126 517.454253 776.181379
748.50 258.889135 517.778269 776.667404
734.85 259.051143 518.102286 777.153429
759.80 259.213151 518.426302 777.639453
721.55 259.375159 518.750319 778.125478
725.20 259.537168 519.074335 778.611503
700.15 259.699176 519.398352 779.097527
691.55 259.861184 519.722368 779.583552
679.75 260.023192 520.046385 780.069577
673.65 260.1852 520.370401 780.555601
19 Jun 08
20 Jun 08
23 Jun 08
24 Jun 08
25 Jun 08
26 Jun 08
27 Jun 08
30 Jun 08
01 Jul 08
02 Jul 08
03 Jul 08
04 Jul 08
07 Jul 08
08 Jul 08
09 Jul 08
10 Jul 08
11 Jul 08
14 Jul 08
15 Jul 08
16 Jul 08
17 Jul 08
18 Jul 08
21 Jul 08
22 Jul 08
23 Jul 08
24 Jul 08
25 Jul 08
28 Jul 08
29 Jul 08
30 Jul 08
31 Jul 08
01 Aug 08
04 Aug 08
05 Aug 08
06 Aug 08
07 Aug 08
08 Aug 08
11 Aug 08
12 Aug 08
13 Aug 08
14 Aug 08
18 Aug 08
19 Aug 08
20 Aug 08
Page 68
Price to book
648.60 260.347209 520.694417 781.041626
679.40 260.509217 521.018434 781.527651
685.35 260.671225 521.34245 782.013676
680.00 260.833233 521.666467 782.4997
677.55 260.995242 521.990483 782.985725
670.65 261.15725 522.3145 783.47175
723.30 261.319258 522.638516 783.957774
722.95 261.481266 522.962533 784.443799
759.65 261.643275 523.286549 784.929824
734.90 261.805283 523.610566 785.415848
686.55 261.967291 523.934582 785.901873
710.85 262.129299 524.258598 786.387898
709.70 262.291307 524.582615 786.873922
710.95 262.453316 524.906631 787.359947
703.90 262.615324 525.230648 787.845972
692.70 262.777332 525.554664 788.331997
657.25 262.93934 525.878681 788.818021
696.55 263.101349 526.202697 789.304046
666.85 263.263357 526.526714 789.790071
678.60 263.425365 526.85073 790.276095
708.85 263.587373 527.174747 790.76212
703.15 263.749382 527.498763 791.248145
684.75 263.91139 527.82278 791.734169
710.50 264.073398 528.146796 792.220194
721.25 264.235406 528.470812 792.706219
705.15 264.397414 528.794829 793.192243
671.60 264.559423 529.118845 793.678268
720.50 264.721431 529.442862 794.164293
734.80 264.883439 529.766878 794.650317
702.90 265.045447 530.090895 795.136342
678.10 265.207456 530.414911 795.622367
680.15 265.369464 530.738928 796.108392
643.65 265.531472 531.062944 796.594416
552.30 265.69348 531.386961 797.080441
662.90 265.855489 531.710977 797.566466
638.70 266.017497 532.034994 798.05249
618.25 266.179505 532.35901 798.538515
622.85 266.341513 532.683026 799.02454
619.30 266.503521 533.007043 799.510564
617.20 266.66553 533.331059 799.996589
657.55 266.827538 533.655076 800.482614
630.95 266.989546 533.979092 800.968638
622.25 267.151554 534.303109 801.454663
534.30 267.313563 534.627125 801.940688
21 Aug 08
22 Aug 08
25 Aug 08
26 Aug 08
27 Aug 08
28 Aug 08
29 Aug 08
01 Sep 08
02 Sep 08
04 Sep 08
05 Sep 08
08 Sep 08
09 Sep 08
10 Sep 08
11 Sep 08
12 Sep 08
15 Sep 08
16 Sep 08
17 Sep 08
18 Sep 08
19 Sep 08
22 Sep 08
23 Sep 08
24 Sep 08
25 Sep 08
26 Sep 08
29 Sep 08
30 Sep 08
01 Oct 08
03 Oct 08
06 Oct 08
07 Oct 08
08 Oct 08
10 Oct 08
13 Oct 08
14 Oct 08
15 Oct 08
16 Oct 08
17 Oct 08
20 Oct 08
21 Oct 08
22 Oct 08
23 Oct 08
24 Oct 08
Page 69
Price to book
537.60 267.475571 534.951142 802.426713
568.65 267.637579 535.275158 802.912737
527.80 267.799587 535.599175 803.398762
562.60 267.961596 535.923191 803.884787
602.30 268.123604 536.247208 804.370811
640.80 268.285612 536.571224 804.856836
603.85 268.44762 536.89524 805.342861
582.65 268.609628 537.219257 805.828885
581.00 268.771637 537.543273 806.31491
608.85 268.933645 537.86729 806.800935
564.10 269.095653 538.191306 807.286959
525.65 269.257661 538.515323 807.772984
494.85 269.41967 538.839339 808.259009
455.75 269.581678 539.163356 808.745034
437.40 269.743686 539.487372 809.231058
427.40 269.905694 539.811389 809.717083
406.05 270.067703 540.135405 810.203108
411.75 270.229711 540.459422 810.689132
397.60 270.391719 540.783438 811.175157
381.95 270.553727 541.107454 811.661182
405.05 270.715735 541.431471 812.147206
406.85 270.877744 541.755487 812.633231
413.05 271.039752 542.079504 813.119256
428.80 271.20176 542.40352 813.60528
432.95 271.363768 542.727537 814.091305
455.20 271.525777 543.051553 814.57733
443.10 271.687785 543.37557 815.063355
451.50 271.849793 543.699586 815.549379
462.75 272.011801 544.023603 816.035404
457.60 272.17381 544.347619 816.521429
469.00 272.335818 544.671636 817.007453
485.55 272.497826 544.995652 817.493478
500.75 272.659834 545.319668 817.979503
497.40 272.821842 545.643685 818.465527
538.30 272.983851 545.967701 818.951552
545.70 273.145859 546.291718 819.437577
536.85 273.307867 546.615734 819.923601
498.90 273.469875 546.939751 820.409626
489.20 273.631884 547.263767 820.895651
481.75 273.793892 547.587784 821.381676
494.80 273.9559 547.9118 821.8677
510.40 274.117908 548.235817 822.353725
504.65 274.279917 548.559833 822.83975
517.25 274.441925 548.88385 823.325774
27 Oct 08
28 Oct 08
29 Oct 08
31 Oct 08
03 Nov 08
04 Nov 08
05 Nov 08
06 Nov 08
07 Nov 08
10 Nov 08
11 Nov 08
12 Nov 08
14 Nov 08
17 Nov 08
18 Nov 08
19 Nov 08
20 Nov 08
21 Nov 08
24 Nov 08
25 Nov 08
26 Nov 08
28 Nov 08
01 Dec 08
02 Dec 08
03 Dec 08
04 Dec 08
05 Dec 08
08 Dec 08
10 Dec 08
11 Dec 08
12 Dec 08
15 Dec 08
16 Dec 08
17 Dec 08
18 Dec 08
19 Dec 08
22 Dec 08
23 Dec 08
24 Dec 08
26 Dec 08
29 Dec 08
30 Dec 08
31 Dec 08
01 Jan 09
Page 70
Price to book
542.60 274.603933 549.207866 823.811799
559.25 274.765941 549.531882 824.297824
567.20 274.927949 549.855899 824.783848
522.15 275.089958 550.179915 825.269873
485.75 275.251966 550.503932 825.755898
452.55 275.413974 550.827948 826.241922
440.15 275.575982 551.151965 826.727947
449.80 275.737991 551.475981 827.213972
434.65 275.899999 551.799998 827.699997
444.35 276.062007 552.124014 828.186021
438.35 276.224015 552.448031 828.672046
422.40 276.386024 552.772047 829.158071
407.95 276.548032 553.096064 829.644095
415.95 276.71004 553.42008 830.13012
384.10 276.872048 553.744096 830.616145
394.50 277.034056 554.068113 831.102169
423.10 277.196065 554.392129 831.588194
435.05 277.358073 554.716146 832.074219
433.00 277.520081 555.040162 832.560243
397.65 277.682089 555.364179 833.046268
395.35 277.844098 555.688195 833.532293
394.75 278.006106 556.012212 834.018317
392.10 278.168114 556.336228 834.504342
402.70 278.330122 556.660245 834.990367
421.70 278.492131 556.984261 835.476392
421.05 278.654139 557.308278 835.962416
431.55 278.816147 557.632294 836.448441
430.70 278.978155 557.95631 836.934466
439.20 279.140163 558.280327 837.42049
418.75 279.302172 558.604343 837.906515
399.70 279.46418 558.92836 838.39254
394.10 279.626188 559.252376 838.878564
388.45 279.788196 559.576393 839.364589
373.15 279.950205 559.900409 839.850614
363.65 280.112213 560.224426 840.336638
366.25 280.274221 560.548442 840.822663
346.50 280.436229 560.872459 841.308688
347.95 280.598238 561.196475 841.794713
323.05 280.760246 561.520491 842.280737
324.95 280.922254 561.844508 842.766762
322.60 281.084262 562.168524 843.252787
300.85 281.24627 562.492541 843.738811
295.25 281.408279 562.816557 844.224836
280.90 281.570287 563.140574 844.710861
02 Jan 09
05 Jan 09
06 Jan 09
07 Jan 09
09 Jan 09
12 Jan 09
13 Jan 09
14 Jan 09
15 Jan 09
16 Jan 09
19 Jan 09
20 Jan 09
21 Jan 09
22 Jan 09
23 Jan 09
27 Jan 09
28 Jan 09
29 Jan 09
30 Jan 09
02 Feb 09
03 Feb 09
04 Feb 09
05 Feb 09
06 Feb 09
09 Feb 09
10 Feb 09
11 Feb 09
12 Feb 09
13 Feb 09
16 Feb 09
17 Feb 09
18 Feb 09
19 Feb 09
20 Feb 09
24 Feb 09
25 Feb 09
26 Feb 09
27 Feb 09
02 Mar 09
03 Mar 09
04 Mar 09
05 Mar 09
06 Mar 09
09 Mar 09
Page 71
Price to book
304.35 281.732295 563.46459 845.196885
330.55 281.894303 563.788607 845.68291
342.70 282.056312 564.112623 846.168935
325.80 282.21832 564.43664 846.654959
341.25 282.380328 564.760656 847.140984
358.30 282.542336 565.084673 847.627009
343.05 282.704345 565.408689 848.113034
374.05 282.866353 565.732705 848.599058
372.30 283.028361 566.056722 849.085083
397.75 283.190369 566.380738 849.571108
421.50 283.352377 566.704755 850.057132
431.20 283.514386 567.028771 850.543157
397.40 283.676394 567.352788 851.029182
414.50 283.838402 567.676804 851.515206
417.85 283.838402 567.676804 851.515206
439.75 284.295337 568.590673 852.88601
436.40 284.752271 569.504542 854.256813
443.85 285.209205 570.418411 855.627616
444.55 285.66614 571.33228 856.998419
462.25 286.123074 572.246149 858.369223
504.25 286.580009 573.160017 859.740026
470.65 287.036943 574.073886 861.110829
503.80 287.493878 574.987755 862.481633
510.30 287.950812 575.901624 863.852436
493.85 288.407746 576.815493 865.223239
472.50 288.864681 577.729362 866.594042
502.55 289.321615 578.64323 867.964846
528.75 289.77855 579.557099 869.335649
557.55 290.235484 580.470968 870.706452
530.60 290.692419 581.384837 872.077256
555.65 291.149353 582.298706 873.448059
608.85 291.606287 583.212575 874.818862
627.80 292.063222 584.126444 876.189665
604.85 292.520156 585.040312 877.560469
624.55 292.977091 585.954181 878.931272
607.35 293.434025 586.86805 880.302075
617.80 293.89096 587.781919 881.672879
668.25 294.347894 588.695788 883.043682
670.25 294.804828 589.609657 884.414485
637.40 295.261763 590.523526 885.785288
659.40 295.718697 591.437394 887.156092
793.60 296.175632 592.351263 888.526895
766.80 296.632566 593.265132 889.897698
728.05 297.0895 594.179001 891.268501
12 Mar 09
13 Mar 09
16 Mar 09
17 Mar 09
18 Mar 09
19 Mar 09
20 Mar 09
23 Mar 09
24 Mar 09
25 Mar 09
26 Mar 09
27 Mar 09
30 Mar 09
31 Mar 09
01 Apr 09
02 Apr 09
06 Apr 09
08 Apr 09
09 Apr 09
13 Apr 09
15 Apr 09
16 Apr 09
17 Apr 09
20 Apr 09
21 Apr 09
22 Apr 09
23 Apr 09
24 Apr 09
27 Apr 09
28 Apr 09
29 Apr 09
04 May 09
05 May 09
06 May 09
07 May 09
08 May 09
11 May 09
12 May 09
13 May 09
14 May 09
15 May 09
18 May 09
19 May 09
20 May 09
Page 72
Price to book
734.95 297.546435 595.09287 892.639305
762.70 298.003369 596.006739 894.010108
771.90 298.460304 596.920608 895.380911
743.80 298.917238 597.834476 896.751715
797.40 299.374173 598.748345 898.122518
782.05 299.831107 599.662214 899.493321
783.40 300.288041 600.576083 900.864124
742.25 300.744976 601.489952 902.234928
720.15 301.20191 602.403821 903.605731
716.20 301.658845 603.31769 904.976534
734.85 302.115779 604.231558 906.347338
737.50 302.572714 605.145427 907.718141
697.80 303.029648 606.059296 909.088944
725.20 303.486582 606.973165 910.459747
749.45 303.943517 607.887034 911.830551
725.55 304.400451 608.800903 913.201354
703.45 304.857386 609.714771 914.572157
716.45 305.31432 610.62864 915.94296
757.90 305.771255 611.542509 917.313764
720.85 306.228189 612.456378 918.684567
731.90 306.685123 613.370247 920.05537
755.50 307.142058 614.284116 921.426174
763.90 307.598992 615.197985 922.796977
746.75 308.055927 616.111853 924.16778
768.65 308.512861 617.025722 925.538583
777.30 308.969796 617.939591 926.909387
818.45 309.42673 618.85346 928.28019
867.10 309.883664 619.767329 929.650993
833.65 310.340599 620.681198 931.021797
869.55 310.797533 621.595067 932.3926
853.15 311.254468 622.508935 933.763403
871.80 311.711402 623.422804 935.134206
794.20 312.168337 624.336673 936.50501
817.20 312.625271 625.250542 937.875813
783.60 313.082205 626.164411 939.246616
765.20 313.53914 627.07828 940.617419
739.10 313.996074 627.992149 941.988223
755.90 314.453009 628.906017 943.359026
762.90 314.909943 629.819886 944.729829
788.90 315.366878 630.733755 946.100633
799.00 315.823812 631.647624 947.471436
851.75 316.280746 632.561493 948.842239
886.30 316.737681 633.475362 950.213042
882.85 317.194615 634.38923 951.583846
21 May 09
22 May 09
25 May 09
26 May 09
27 May 09
28 May 09
29 May 09
01 Jun 09
02 Jun 09
03 Jun 09
04 Jun 09
05 Jun 09
08 Jun 09
09 Jun 09
10 Jun 09
11 Jun 09
12 Jun 09
15 Jun 09
16 Jun 09
17 Jun 09
18 Jun 09
19 Jun 09
22 Jun 09
23 Jun 09
24 Jun 09
25 Jun 09
26 Jun 09
29 Jun 09
30 Jun 09
01 Jul 09
02 Jul 09
03 Jul 09
06 Jul 09
07 Jul 09
08 Jul 09
09 Jul 09
10 Jul 09
13 Jul 09
14 Jul 09
15 Jul 09
16 Jul 09
17 Jul 09
20 Jul 09
21 Jul 09
Page 73
Price to book
861.35 317.65155 635.303099 952.954649
892.60 318.108484 636.216968 954.325452
892.50 318.565419 637.130837 955.696256
938.60 319.022353 638.044706 957.067059
954.45 319.479287 638.958575 958.437862
919.20 319.936222 639.872444 959.808665
917.50 320.393156 640.786312 961.179469
917.70 320.850091 641.700181 962.550272
921.55 321.307025 642.61405 963.921075
894.65 321.76396 643.527919 965.291879
851.40 322.220894 644.441788 966.662682
845.20 322.677828 645.355657 968.033485
814.15 323.134763 646.269526 969.404288
840.50 323.591697 647.183394 970.775092
866.75 324.048632 648.097263 972.145895
870.55 324.505566 649.011132 973.516698
877.80 324.9625 649.925001 974.887501
870.30 325.419435 650.83887 976.258305
828.55 325.876369 651.752739 977.629108
830.85 326.333304 652.666608 978.999911
819.65 326.790238 653.580476 980.370715
843.05 327.247173 654.494345 981.741518
879.40 327.704107 655.408214 983.112321
906.95 328.161041 656.322083 984.483124
916.15 328.617976 657.235952 985.853928
930.95 329.07491 658.149821 987.224731
921.25 329.531845 659.06369 988.595534
917.60 329.988779 659.977558 989.966338
906.70 330.445714 660.891427 991.337141
891.70 330.902648 661.805296 992.707944
889.65 331.359582 662.719165 994.078747
889.65 331.816517 663.633034 995.449551
906.95 332.273451 664.546903 996.820354
932.75 332.730386 665.460771 998.191157
906.00 333.18732 666.37464 999.56196
913.40 333.644255 667.288509 1000.93276
909.00 334.101189 668.202378 1002.30357
902.95 334.558123 669.116247 1003.67437
895.50 335.015058 670.030116 1005.04517
907.65 335.471992 670.943985 1006.41598
907.35 335.928927 671.857853 1007.78678
911.55 336.385861 672.771722 1009.15758
914.10 336.842796 673.685591 1010.52839
909.75 337.29973 674.59946 1011.89919
22 Jul 09
23 Jul 09
24 Jul 09
27 Jul 09
28 Jul 09
29 Jul 09
30 Jul 09
31 Jul 09
03 Aug 09
04 Aug 09
05 Aug 09
06 Aug 09
07 Aug 09
10 Aug 09
11 Aug 09
12 Aug 09
13 Aug 09
14 Aug 09
17 Aug 09
18 Aug 09
19 Aug 09
20 Aug 09
21 Aug 09
24 Aug 09
25 Aug 09
26 Aug 09
27 Aug 09
28 Aug 09
31 Aug 09
01 Sep 09
02 Sep 09
03 Sep 09
04 Sep 09
07 Sep 09
08 Sep 09
09 Sep 09
10 Sep 09
11 Sep 09
14 Sep 09
15 Sep 09
16 Sep 09
17 Sep 09
18 Sep 09
22 Sep 09
Page 74
Price to book
919.85 337.756664 675.513329 1013.26999
918.25 338.213599 676.427198 1014.6408
914.40 338.670533 677.341067 1016.0116
925.20 339.127468 678.254935 1017.3824
981.55 339.584402 679.168804 1018.75321
1,008.60 340.041337 680.082673 1020.12401
969.20 340.498271 680.996542 1021.49481
998.65 340.955205 681.910411 1022.86562
980.00 341.41214 682.82428 1024.23642
1,012.65 341.869074 683.738149 1025.60722
996.20 342.326009 684.652017 1026.97803
1,012.75 342.782943 685.565886 1028.34883
1,032.10 343.239878 686.479755 1029.71963
1,006.25 343.696812 687.393624 1031.09044
1,006.10 344.153746 688.307493 1032.46124
1,011.25 344.610681 689.221362 1033.83204
994.55 345.067615 690.13523 1035.20285
976.35 345.52455 691.049099 1036.57365
966.45 345.981484 691.962968 1037.94445
994.80 346.438419 692.876837 1039.31526
967.25 346.895353 693.790706 1040.68606
952.30 347.352287 694.704575 1042.05686
928.65 347.809222 695.618444 1043.42767
908.90 348.266156 696.532312 1044.79847
907.90 348.723091 697.446181 1046.16927
894.55 349.180025 698.36005 1047.54008
923.55 349.63696 699.273919 1048.91088
917.00 350.093894 700.187788 1050.28168
935.25 350.550828 701.101657 1051.65249
997.25 351.007763 702.015526 1053.02329
995.85 351.464697 702.929394 1054.39409
1,005.10 351.921632 703.843263 1055.76489
979.15 352.378566 704.757132 1057.1357
996.60 352.8355 705.671001 1058.5065
999.30 353.292435 706.58487 1059.8773
1,000.10 353.749369 707.498739 1061.24811
997.50 354.206304 708.412608 1062.61891
984.85 354.663238 709.326476 1063.98971
991.95 355.120173 710.240345 1065.36052
998.75 355.577107 711.154214 1066.73132
999.85 356.034041 712.068083 1068.10212
1,016.80 356.490976 712.981952 1069.47293
999.65 356.94791 713.895821 1070.84373
969.40 357.404845 714.80969 1072.21453
23 Sep 09
24 Sep 09
25 Sep 09
29 Sep 09
30 Sep 09
01 Oct 09
05 Oct 09
06 Oct 09
07 Oct 09
08 Oct 09
09 Oct 09
12 Oct 09
14 Oct 09
15 Oct 09
16 Oct 09
17 Oct 09
20 Oct 09
21 Oct 09
22 Oct 09
23 Oct 09
26 Oct 09
27 Oct 09
28 Oct 09
29 Oct 09
30 Oct 09
03 Nov 09
04 Nov 09
05 Nov 09
06 Nov 09
09 Nov 09
10 Nov 09
11 Nov 09
12 Nov 09
13 Nov 09
16 Nov 09
17 Nov 09
18 Nov 09
19 Nov 09
20 Nov 09
23 Nov 09
24 Nov 09
25 Nov 09
26 Nov 09
27 Nov 09
Page 75
Price to book
997.45 357.861779 715.723558 1073.58534
1,036.50 358.318714 716.637427 1074.95614
1,046.85 358.775648 717.551296 1076.32694
1,047.85 359.232582 718.465165 1077.69775
1,026.50 359.689517 719.379034 1079.06855
1,011.10 360.146451 720.292903 1080.43935
1,040.50 360.603386 721.206771 1081.81016
1,016.30 361.06032 722.12064 1083.18096
1,021.60 361.517255 723.034509 1084.55176
1,003.65 361.974189 723.948378 1085.92257
994.20 362.431123 724.862247 1087.29337
958.95 362.888058 725.776116 1088.66417
938.25 363.344992 726.689985 1090.03498
941.90 363.801927 727.603853 1091.40578
933.95 364.258861 728.517722 1092.77658
954.50 364.715796 729.431591 1094.14739
967.25 365.17273 730.34546 1095.51819
983.30 365.629664 731.259329 1096.88899
987.15 366.086599 732.173198 1098.2598
984.25 366.543533 733.087067 1099.6306
980.10 367.000468 734.000935 1101.0014
988.70 367.457402 734.914804 1102.37221
993.05 367.914337 735.828673 1103.74301
1,010.00 368.371271 736.742542 1105.11381
995.30 368.828205 737.656411 1106.48462
1,002.95 369.28514 738.57028 1107.85542
1,013.55 369.742074 739.484149 1109.22622
1,051.10 370.199009 740.398017 1110.59703
1,049.10 370.655943 741.311886 1111.96783
1,039.45 371.112878 742.225755 1113.33863
1,062.05 371.569812 743.139624 1114.70944
1,078.20 372.026746 744.053493 1116.08024
1,108.30 372.483681 744.967362 1117.45104
1,104.20 372.940615 745.88123 1118.82185
1,082.75 373.39755 746.795099 1120.19265
1,060.05 373.854484 747.708968 1121.56345
1,031.15 374.311419 748.622837 1122.93426
1,017.60 374.768353 749.536706 1124.30506
972.55 375.225287 750.450575 1125.67586
1,014.00 375.682222 751.364444 1127.04667
1,025.50 376.139156 752.278312 1128.41747
1,063.35 376.596091 753.192181 1129.78827
1,033.05 377.053025 754.10605 1131.15908
1,069.90 377.50996 755.019919 1132.52988
30 Nov 09
01 Dec 09
02 Dec 09
03 Dec 09
04 Dec 09
07 Dec 09
08 Dec 09
09 Dec 09
10 Dec 09
11 Dec 09
14 Dec 09
15 Dec 09
16 Dec 09
17 Dec 09
18 Dec 09
21 Dec 09
22 Dec 09
23 Dec 09
24 Dec 09
29 Dec 09
30 Dec 09
31 Dec 09
04 Jan 10
05 Jan 10
06 Jan 10
07 Jan 10
08 Jan 10
11 Jan 10
12 Jan 10
13 Jan 10
14 Jan 10
15 Jan 10
18 Jan 10
19 Jan 10
20 Jan 10
21 Jan 10
22 Jan 10
25 Jan 10
27 Jan 10
28 Jan 10
29 Jan 10
01 Feb 10
02 Feb 10
03 Feb 10
Page 76
Price to book
1,047.05 377.966894 755.933788 1133.90068
1,023.35 378.423828 756.847657 1135.27149
1,029.15 378.880763 757.761526 1136.64229
1,023.00 379.337697 758.675394 1138.01309
1,037.90 379.794632 759.589263 1139.38389
1,024.80 380.251566 760.503132 1140.7547
1,035.00 380.7085 761.417001 1142.1255
1,027.90 381.165435 762.33087 1143.4963
1,025.90 381.622369 763.244739 1144.86711
1,067.55 382.079304 764.158608 1146.23791
1,100.80 382.536238 765.072476 1147.60871
1,096.00 382.993173 765.986345 1148.97952
1,104.60 383.450107 766.900214 1150.35032
1,098.35 383.907041 767.814083 1151.72112
1,093.35 384.363976 768.727952 1153.09193
1,097.95 384.82091 769.641821 1154.46273
1,124.85 385.277845 770.55569 1155.83353
1,152.70 385.734779 771.469558 1157.20434
1,148.15 386.191714 772.383427 1158.57514
1,121.65 386.648648 773.297296 1159.94594
1,102.80 387.105582 774.211165 1161.31675
1,128.40 387.562517 775.125034 1162.68755
1,115.40 388.019451 776.038903 1164.05835
1,129.90 388.476386 776.952771 1165.42916
1,151.25 388.93332 777.86664 1166.79996
1,151.95 389.390255 778.780509 1168.17076
1,139.80 389.847189 779.694378 1169.54157
1,145.15 390.304123 780.608247 1170.91237
1,145.70 390.761058 781.522116 1172.28317
1,164.90 391.217992 782.435985 1173.65398
1,155.15 391.674927 783.349853 1175.02478
1,146.80 392.131861 784.263722 1176.39558
1,160.65 392.588796 785.177591 1177.76639
1,154.40 393.04573 786.09146 1179.13719
1,191.65 393.502664 787.005329 1180.50799
1,199.70 393.959599 787.919198 1181.8788
1,173.15 394.416533 788.833067 1183.2496
1,169.10 394.873468 789.746935 1184.6204
1,173.70 395.330402 790.660804 1185.99121
1,174.25 395.593319 791.186638 1186.77996
1,171.35 395.856236 791.712472 1187.56871
1,164.20 396.119153 792.238306 1188.35746
1,156.30 396.38207 792.76414 1189.14621
1,182.35 396.644987 793.289974 1189.93496
04 Feb 10
05 Feb 10
06 Feb 10
08 Feb 10
09 Feb 10
10 Feb 10
11 Feb 10
15 Feb 10
16 Feb 10
17 Feb 10
18 Feb 10
19 Feb 10
22 Feb 10
23 Feb 10
24 Feb 10
25 Feb 10
26 Feb 10
02 Mar 10
03 Mar 10
04 Mar 10
05 Mar 10
08 Mar 10
09 Mar 10
10 Mar 10
11 Mar 10
12 Mar 10
15 Mar 10
16 Mar 10
17 Mar 10
18 Mar 10
19 Mar 10
22 Mar 10
23 Mar 10
25 Mar 10
26 Mar 10
29 Mar 10
30 Mar 10
31 Mar 10
01 Apr 10
05 Apr 10
06 Apr 10
07 Apr 10
08 Apr 10
09 Apr 10
Page 77
Price to book
1,177.30 396.907904 793.815807 1190.72371
1,157.80 397.170821 794.341641 1191.51246
1,149.25 397.433738 794.867475 1192.30121
1,150.45 397.696654 795.393309 1193.08996
1,157.40 397.959571 795.919143 1193.87871
1,186.50 398.222488 796.444977 1194.66747
1,239.15 398.485405 796.970811 1195.45622
1,225.70 398.748322 797.496644 1196.24497
1,233.40 399.011239 798.022478 1197.03372
1,274.85 399.274156 798.548312 1197.82247
1,278.35 399.537073 799.074146 1198.61122
1,258.95 399.79999 799.59998 1199.39997
1,271.70 400.062907 800.125814 1200.18872
1,268.20 400.325824 800.651648 1200.97747
1,262.10 400.588741 801.177481 1201.76622
1,247.35 400.851658 801.703315 1202.55497
1,241.55 401.114575 802.229149 1203.34372
1,236.00 401.377491 802.754983 1204.13247
1,190.25 401.640408 803.280817 1204.92123
1,249.30 401.903325 803.806651 1205.70998
1,258.95 402.166242 804.332485 1206.49873
1,287.80 402.429159 804.858318 1207.28748
1,311.15 402.692076 805.384152 1208.07623
1,288.10 402.954993 805.909986 1208.86498
1,261.85 403.21791 806.43582 1209.65373
1,254.55 403.480827 806.961654 1210.44248
1,205.10 403.743744 807.487488 1211.23123
1,207.40 404.006661 808.013322 1212.01998
1,217.85 404.269578 808.539155 1212.80873
1,196.15 404.532495 809.064989 1213.59748
1,163.75 404.795412 809.590823 1214.38623
1,157.85 405.058329 810.116657 1215.17499
1,215.70 405.321245 810.642491 1215.96374
1,220.50 405.584162 811.168325 1216.75249
1,228.40 405.847079 811.694159 1217.54124
1,180.85 406.109996 812.219992 1218.32999
1,202.60 406.372913 812.745826 1219.11874
1,243.95 406.63583 813.27166 1219.90749
1,240.10 406.898747 813.797494 1220.69624
1,215.55 407.161664 814.323328 1221.48499
1,226.70 407.424581 814.849162 1222.27374
1,240.50 407.687498 815.374996 1223.06249
1,245.95 407.950415 815.900829 1223.85124
1,241.95 408.213332 816.426663 1224.63999
12 Apr 10
13 Apr 10
15 Apr 10
16 Apr 10
19 Apr 10
20 Apr 10
21 Apr 10
22 Apr 10
23 Apr 10
26 Apr 10
27 Apr 10
28 Apr 10
29 Apr 10
30 Apr 10
03 May 10
04 May 10
05 May 10
06 May 10
07 May 10
10 May 10
11 May 10
12 May 10
13 May 10
14 May 10
17 May 10
18 May 10
19 May 10
20 May 10
21 May 10
24 May 10
25 May 10
26 May 10
27 May 10
28 May 10
31 May 10
01 Jun 10
02 Jun 10
03 Jun 10
04 Jun 10
07 Jun 10
08 Jun 10
09 Jun 10
10 Jun 10
11 Jun 10
Page 78
Price to book
1,253.35 408.476249 816.952497 1225.42875
1,245.85 408.739166 817.478331 1226.2175
1,219.70 409.002082 818.004165 1227.00625
1,215.05 409.264999 818.529999 1227.795
1,208.50 409.527916 819.055833 1228.58375
1,250.05 409.790833 819.581666 1229.3725
1,236.10 410.05375 820.1075 1230.16125
1,250.30 410.316667 820.633334 1230.95
1,262.95 410.579584 821.159168 1231.73875
1,247.85 410.842501 821.685002 1232.5275
1,262.55 411.105418 822.210836 1233.31625
1,241.60 411.368335 822.73667 1234.105
1,242.95 411.631252 823.262503 1234.89376
1,229.55 411.894169 823.788337 1235.68251
1,236.95 412.157086 824.314171 1236.47126
1,238.80 412.420003 824.840005 1237.26001
1,253.00 412.682919 825.365839 1238.04876
1,236.10 412.945836 825.891673 1238.83751
1,243.75 413.208753 826.417507 1239.62626
1,269.55 413.47167 826.94334 1240.41501
1,288.60 413.734587 827.469174 1241.20376
1,300.70 413.997504 827.995008 1241.99251
1,314.15 414.260421 828.520842 1242.78126
1,344.95 414.523338 829.046676 1243.57001
1,359.10 414.786255 829.57251 1244.35876
1,360.95 415.049172 830.098344 1245.14752
1,371.00 415.312089 830.624177 1245.93627
1,346.30 415.575006 831.150011 1246.72502
1,363.70 415.837923 831.675845 1247.51377
1,390.60 416.10084 832.201679 1248.30252
1,383.95 416.363756 832.727513 1249.09127
1,382.20 416.626673 833.253347 1249.88002
1,349.60 416.88959 833.779181 1250.66877
1,362.00 417.152507 834.305014 1251.45752
1,345.40 417.415424 834.830848 1252.24627
1,351.05 417.678341 835.356682 1253.03502
1,358.60 417.941258 835.882516 1253.82377
1,332.15 418.204175 836.40835 1254.61252
1,317.10 418.467092 836.934184 1255.40128
1,311.75 418.730009 837.460018 1256.19003
1,310.05 418.992926 837.985852 1256.97878
1,297.00 419.255843 838.511685 1257.76753
1,289.65 419.51876 839.037519 1258.55628
1,316.80 419.781677 839.563353 1259.34503
14 Jun 10
15 Jun 10
16 Jun 10
17 Jun 10
18 Jun 10
21 Jun 10
22 Jun 10
23 Jun 10
24 Jun 10
25 Jun 10
28 Jun 10
29 Jun 10
30 Jun 10
01 Jul 10
02 Jul 10
05 Jul 10
06 Jul 10
07 Jul 10
08 Jul 10
09 Jul 10
12 Jul 10
13 Jul 10
14 Jul 10
15 Jul 10
16 Jul 10
19 Jul 10
20 Jul 10
21 Jul 10
22 Jul 10
23 Jul 10
26 Jul 10
27 Jul 10
28 Jul 10
29 Jul 10
30 Jul 10
02 Aug 10
03 Aug 10
04 Aug 10
05 Aug 10
06 Aug 10
09 Aug 10
10 Aug 10
11 Aug 10
12 Aug 10
Page 79
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking
Excel Model for Banking

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Excel Model for Banking

  • 1. CMP ( current Market Price) 1105 Base Rate . Beta 1.2 Market Cap 46100 2011 2012 2013 Advance Growth Rate 36.5% 20.0% 22.5% Deposit Growth Rate 33.93% 23% 23% branches 1390 1640 1890 new branches added 1390 250 250 employees 26435 28700 30240 Dividend 140% 140% 140% Savings interest Rate 4.00% 4.00% 4.00% Term Interest Rate 6.75% 8.25% 8.00% Growth in Other Op Exp 25% 25% Provisions 0.77% 0.85% 0.77% Yield on Advances 8.43% 10.10% 10.10% Yield on Investment 6.90% 7.70% 7.60% GNPA (%) 1.11 1.13 1.13 NNPA (%) 0.29 0.39 0.36
  • 2. DESCRIPTION Mar-2005 Mar-2006 Mar-2007 Mar-2008 I. INCOME Interest Earned 1,924.16 2,888.79 4,461.66 7,005.32 % of total income 95.95% 92.20% 92.71% 90.63% yoy growth 20.37% 50.13% 54.45% 57.01% Interest/Discount on advances/Bills 978.77 1,528.04 2,702.86 4,745.65 yield on advances 7.84% 8.06% 9.13% 9.83% yoy growth 27.52% 56.12% 76.88% 75.58% Interest on balances with RBI and other Inter-bank funds 32.04 41.64 77.30 107.64 yield on RBI and inter bank funds 0.89% 1.42% 2.18% 1.80% yoy growth -2.74% 29.95% 85.65% 39.24% Income on investments 867.60 1,285.68 1,632.72 2,102.32 yield on Investments 7.6% 7.0% 6.7% 6.9% Others 45.74 33.43 48.78 49.71 % of interest earned 2.38% 1.16% 1.09% 0.71% Other Income 415.82 729.63 1,010.11 1,795.49 yoy growth -23.02% 75.47% 38.44% 77.75% % of total income 17.77% 20.16% 18.46% 20.40% Commission, exchange and brokerage 330.52 488.91 778.96 1,320.70 yoy growth 81.20% 47.92% 59.33% 69.55% Profit/(loss) on sale of investments (net) -11.34 129.81 60.88 220.25 Profit/(loss) on revaluation of investments (net) Profit on sale of Fixed Assets -2.39 -1.70 -2.91 -15.18 Foreign Exchange Gains 48.73 86.89 124.85 207.48 % of other income 11.72% 11.91% 12.36% 11.56% yoy growth 76.69% 78.29% 43.69% 66.19% Income earned from subsidiaries/joint venture Rent / Lease Income 3.47 3.47 3.48 3.47 Dividend Received Provisions Written Back Service Fee Insurance Premium Miscellaneous income 46.83 22.26 44.86 58.76 yoy growth 442.58% -52.48% 101.54% 30.98% Total Income 2,339.98 3,618.42 5,471.77 8,800.80 yoy growth 9.4% 54.6% 51.2% 60.8% II. EXPENDITURE Interest Expended 1,192.98 1,810.56 2,993.32 4,419.96 Operating Expenses 581.38 814.05 1,214.60 2,154.93 Provisions and Contingencies 51.01 262.38 267.36 579.42 Profit Before Tax 514.61 731.43 996.49 1,646.50 Taxes 180.03 246.35 337.46 575.47 Total 2,005.40 3,133.34 4,812.74 7,729.77 yoy growth 0.08 0.56 0.54 0.61 III. PROFIT AND LOSS Profit After Tax 334.58 485.08 659.03 1,071.03 yoy growth 20.22% 44.98% 35.86% 62.52% Equity Dividend 87.75 112.55 148.79 251.64 Equity Dividend % 28.00 35.00 45.00 60.00 Earnings Per Share 12.22 17.41 23.40 29.94 Adjusted EPS 12.22 17.41 23.40 29.94
  • 3. yoy growth 1.68% 42.44% 34.44% 27.95%
  • 4. Mar-2009 Mar-2010 Mar-2011 Mar-12 Mar-13 10,835.49 11,638.02 15,154.81 22609.28 27552.89 90.92% 89.05% 92.42% 0.98 1.00 54.68% 7.41% 30.22% 0.49 0.22 7,465.86 7,986.60 10,403.11 16037.26 19725.83 10.57% 8.59% 8.43% 10.1% 10.1% 57.32% 6.97% 30.26% 0.54 0.23 210.19 120.00 182.62 191.63 305.92 2.51% 1.27% 1.56% 0.01 0.02 95.28% -42.91% 52.18% 0.05 0.60 3,051.50 3,428.31 4,438.68 6230.39 7321.14 7.6% 6.7% 6.9% 7.7% 7.6% 107.93 103.10 130.39 150.00 200.00 1.00% 0.89% 0.86% 0.01 0.01 2,896.88 3,945.78 4,632.13 5115.95 6522.66 61.34% 36.21% 17.39% 0.10 0.27 21.10% 25.32% 23.41% 0.18 0.19 2,173.26 2,565.20 3,357.42 4129.62 5079.44 64.55% 18.03% 30.88% 0.23 0.23 288.43 736.24 366.32 180.00 150.00 -8.20 -3.87 -6.98 359.50 445.90 563.60 350.00 700.00 12.41% 11.30% 12.17% 0.07 0.11 73.27% 24.03% 26.40% -0.38 1.00 0.14 0.75 2.06 81.81 202.17 351.02 456.32 593.22 39.24% 147.11% 73.63% 0.30 0.30 13,732.36 15,583.80 19,786.94 27725.23 34075.55 56.0% 13.5% 27.0% 0.40 0.23 7,149.27 6,633.53 8,591.82 13641.49 15951.30 2,858.21 3,709.72 4,779.43 5663.65 6760.60 939.40 1,388.84 1,279.57 1597.17 1798.74 2,785.48 3,851.71 5,136.12 6822.91 9564.91 970.12 1,337.18 1,747.63 2251.56 3156.42 11,917.01 13,069.27 16,398.45 23153.88 27667.06 0.54 0.10 0.25 0.41 0.19 1,815.36 2,514.53 3,388.49 4571.35 6408.49 69.50% 38.51% 34.76% 0.35 0.40 420.52 567.45 670.36 670.36 670.36 100.00 120.00 140.00 140.00 140.00 50.57 62.06 82.54 111.35 156.10 50.57 62.06 82.54 111.35 156.10
  • 6. DESCRIPTION Mar-2005 Mar-2006 Mar-2007 Mar-2008 Mar-2009 SOURCES OF FUNDS: Share Capital 273.80 278.69 281.63 357.71 359.01 Share Warrants & Outstandings 13.42 13.44 8.98 2.19 1.21 Total Reserves 2,134.39 2,593.50 3,111.60 8,410.79 9,854.58 Deposits 31,712.00 40,113.53 58,785.60 87,626.22 117,374.11 Borrowings 1,781.41 2,680.93 5,195.60 5,624.04 15,519.87 Other Liabilities & Provisions 1,828.68 4,051.03 5,873.80 7,556.90 4,613.27 Total Liabilities 37,743.69 49,731.12 73,257.22 109,577.85 147,722.05 yoy growth 56.29% 31.76% 47.31% 49.58% 34.81% APPLICATION OF FUNDS : Cash and balance with Reserve Bank of India 3,448.74 2,429.40 4,661.03 7,305.66 9,419.21 Balances with banks and money at call 1,054.20 1,212.45 2,257.27 5,198.58 5,597.69 Investments 15,048.02 21,527.35 26,897.16 33,705.10 46,330.35 % of average deposits 57.15% 59.94% 54.39% 46.04% 45.20% Advances 15,602.92 22,314.23 36,876.48 59,661.14 81,556.77 Gross block 764.78 898.68 1,098.93 1,384.70 1,741.86 Net Block 502.80 553.34 648.38 794.37 1,015.40 Other Assets 2,071.38 1,679.98 1,892.07 2,784.51 3,745.15 Total Assets 37,743.69 49,731.12 73,257.22 109,577.85 147,722.05 yoy growth 56.29% 31.76% 47.31% 49.58% 34.81% Adjusted Book Value 87.96 103.06 120.49 245.13 284.50
  • 7. Mar-2010 Mar-2011 Mar-12 Mar-13 405.17 410.55 412.5 412.5 0.17 0.00 15,639.27 18,588.28 22,489.3 28,227.4 141,300.22 189,237.80 232,762.5 286,879.8 17,169.55 26,267.88 27,447.1 30,239.0 6,133.46 8,208.86 8,733.2 10,741.8 180,647.85 242,713.37 291,844.6 356,500.5 22.29% 34.36% 20.24% 22.15% 9,482.05 13,886.16 16,774.5 18,187.5 5,721.86 7,522.49 5,275.0 6,495.5 55,974.82 71,991.62 89,836.7 102,824.9 43.28% 43.56% 42.58% 39.58% 104,340.95 142,407.83 175,161.6 215,448.8 2,107.98 3,426.49 4,067.2 4,706.1 1,165.18 2,250.46 2,558.4 2,910.6 3,905.76 4,632.12 2,238.3 10,633.2 180,647.85 242,713.37 291,844.6 356,500.5 22.29% 34.36% 20.24% 22.15% 395.99 462.77 555.1 694.2 19.96% 25.06% 2.809171
  • 8. DESCRIPTION Mar-2008 Mar-2009 Mar-2010 Mar-2011 Mar-12 Advances 59,661.14 81,556.77 104,340.95 142,407.83 175,161.63 Gross NPAs to Gross Advances (%) 0.83 1.09 1.25 1.11 1.13 Net NPAs (funded) to Net Advances (%) 0.42 0.40 0.40 0.29 0.39 Movement of NPAs (Gross) a) Opening Balance 418.67 494.61 897.77 1,318.00 1,599.42 b) Additions during the year 384.21 892.62 1,800.70 1,448.31 1839.19711 0.64% 1.09% 1.73% 1.02% 1.05% c) Reductions during the year 308.27 489.46 1,380.47 1,166.89 1,459.29 d) Closing balance 494.61 897.77 1,318.00 1,599.42 1979.32641 Movement of Net NPAs a) Opening Balance 266.33 248.29 327.13 419.00 410.35 b) Additions during the year 135.78 202.30 427.49 453.05 718.16268 0.23% 0.25% 0.41% 0.32% 0.41% c) Reductions during the year 153.82 123.46 335.62 461.70 445.38 d) Closing balance 248.29 327.13 419.00 410.35 683.130354 Movement of Provisions for NPAs a) Opening Balance 152.34 246.32 570.64 899.00 1,186.74 b) Provisions made during the year 248.43 690.32 1,373.21 984.25 1366.26071 0.42% 0.85% 1.32% 0.69% 0.78% c) Write-off/write-back of excess provisions 154.45 366.00 1,044.85 696.51 1,099.16 d) Closing balance 246.32 570.64 899.00 1,186.74 1453.84152 0.41% 0.70% 0.86% 0.83% 0.83% Provisions Coverage Ratio 49.8% 63.6% 68.2% 74.3% 65.5%
  • 10. DESCRIPTION Mar-2008 Mar-2009 Mar-2010 Mar-2011 Mar-12 Capital Adequacy Basel II Total CAR (Basel II) 13.99 13.69 15.80 12.65 12.44% Tier-1 (Basel II) 10.39 9.26 11.18 9.41 9.69% Tier-2 (Basel II) 3.60 4.43 4.62 3.24 2.75% Debt Raised as Capital During the Year 0.00 1,700.00 2,000.00 Total Capital Basel I 11,905.27 15,040.08 22,307.89 0.00 Tier-1 Capital 8,822.52 10,175.42 15,789.42 (of which Lower Tier I) Tier-2 Capital 3,082.75 4,864.66 6,518.47 (of which Upper Tier II) 1,148.38 1,370.78 1,248.98 Total capital Basel II 11,890.89 15,027.64 22,307.89 24,870.35 Tier-1 Capital 8,826.99 10,162.98 15,789.42 18,503.49 22901.82 (of which Lower Tier I) Tier-2 Capital 3,063.90 4,864.66 6,518.47 6,366.86 6,496.42 (of which Upper Tier II) 1,148.38 1,370.78 1,248.98 1,242.80 1372.356 Total Risk Weighted Assets 86,719.66 109,787.49 141,169.77 196,562.61 236351.8 Total Capital Funds of the Bank Total Capital Requirement @ 9 % 7,649.11 9,880.87 12,705.28 17,690.63 21271.66 Credit Risk - Risk Weighted Assets (RWA) 6,444.37 8,398.51 11,040.47 15,350.25 Portfolios subject to standardized approach 6,433.96 8,398.51 11,040.47 15,350.25 Securitization exposures 10.41 0.00 Market Risk - RWA (Standardized Duration Approach) 934.43 1,050.90 1,008.72 1,378.66 Interest Rate Risk 831.10 988.19 851.99 1,152.74 Foreign Exchange Risk (Including gold) 19.95 13.50 127.62 32.19 Equity Risk 83.38 49.21 29.11 193.73 Operational Risk - RWA (Basic indicator approach) 270.31 431.46 656.09 961.72
  • 12. Mar-11 Mar-12 Mar-13 Large and mid corporate 53.00% 53.00% 75476.1 52.00% 91084 51.00% SME 15.00% 15.00% 21361.2 15.50% 27150.1 16.00% Agri 11.00% 11.00% 15664.9 11.25% 19705.7 11.50% Retail 21.00% 29905.6 21.25% 37221.8 21.50% 142407.8286 175162 215449 Retail housing loans 75.00% 15.7500% 22429.2 75.00% 27916.4 75.00% Auto loans 13.00% 2.7300% 3887.73 13.00% 4838.84 13.00% Personal loans 4.00% 0.8400% 1196.23 4.00% 1488.87 4.00% Cards 2.00% 0.4200% 598.113 2.00% 744.437 2.00% Non schematic loans 6.00% 1.2600% 1794.34 6.00% 2233.31 6.00% 29905.64401 37221.8 46321.5 Large and mid corporate 53.00% SME 15.00% Agri 11.00% housing loans 15.75% Auto loans 2.73% Personal loans 0.84% Cards 0.42% Non schematic loans 1.26%
  • 13. 109879 34471.8 24776.6 46321.5 34741.1 6021.79 1852.86 926.43 2779.29 Large and mid corporate 53% SME 15% Agri 11% housing loans 16% Auto loans 3% Personal loansCards 0% Non schematic loans 1% Other 3% Distribution of Advance Portfolio
  • 15. Reporting statements Income statement Y/E March (Rs in crore) FY10 FY11 FY12E FY13E Interest Income 11638.02 15154.81 22609.28 27552.89 Interest Expense 6633.53 8591.82 13641.49 15951.30 Net Interest Income 5004.50 6562.98 8967.78 11601.59 YoY change (%) 35.76% 31.14% 36.64% 29.37% Non Interest Income 3945.78 4632.13 5115.95 6522.66 Total net Income 8950.28 11195.12 14083.73 18124.25 Total Operating Expenses 3709.72 4779.43 5663.65 6760.60 Pre Provision profit 5240.56 6415.69 8420.08 11363.65 YoY change (%) 40.69% 22.42% 31.24% 34.96% Provisions for expenses and tax 1388.84 1279.57 1597.17 1798.74 Profit Befor Tax 3851.71 5136.12 6822.91 9564.91 YoY change (%) 38.28% 33.35% 32.84% 40.19% Taxes 1337.18 1747.63 2251.56 3156.42 Net profit 2514.53 3388.49 4571.35 6408.49 YoY change (%) 38.51% 34.76% 34.91% 40.19% Balance Sheet FY10 FY11 FY12E FY13E Cash & Balances with RBI 9482.0 13886.2 16774.5 18187.5 Inter bank borrrowing 5721.9 7522.5 5275.0 6495.5 Investments 55974.8 71991.6 89836.7 102824.9 Loan and Advances 104340.9 142407.8 175161.6 215448.8 Net Block 1222.42 2273.15 2558.40 2910.60 Other Assets 3905.76 4632.12 2238.30 10633.20 Total Assets 180647.85 242713.37 291844.59 356500.51 Deposits 141300.22 189237.80 232762.50 286879.78 Demand Deposit 32167.74 36917.09 42454.66 53917.41 Savings Deposit 33861.80 40850.31 49428.87 62280.38 Term Deposit 75270.68 111470.40 140878.97 170681.98 Borrowings 17169.55 26267.88 27447.11 30238.99 Other Liabilty 6133.46 8208.86 8733.16 10741.79 Equity 405.35 410.55 412.55 412.55 Reserves 15639.27 18588.28 22489.27 28227.40 Total Liabilities 180647.85 242713.37 291844.59 356500.51 Dupont Analysis FY10 FY11 FY12E FY13E % of Avg. Asstes. Net Interest Income 3.05% 3.10% 3.36% 3.58% Non Interest Income 2.40% 2.19% 1.91% 2.01% Net Income 5.45% 5.29% 5.27% 5.59% Operating Expenses 2.26% 2.26% 2.12% 2.09% Operating Profit 3.19% 3.03% 3.15% 3.51% Provisions & Contingencies 0.85% 0.60% 0.60% 0.55% Page 15
  • 16. Reporting statements Taxes 0.81% 0.83% 0.84% 0.97% RoAA(%) 1.53% 1.60% 1.71% 1.98% Avg.assets/Avg.equity(x) 12.50 12.08 12.76 12.58 RoAE(%) 19.15% 19.34% 21.82% 24.87% Page 16
  • 17. Reporting statements Ratio Analysis Efficiency Ratio (%) FY10 FY11 FY12E FY13E Int. Exp. / Int. Earned 57% 57% 60% 58% Int. Income / Tot. Funds 6.44% 6.24% 7.75% 7.73% NII/ Total Income (%) 32.11% 33.17% 32.35% 34.05% Other Inc. / Tot. Inc. 131.92% 51.00% 37.15% 32.87% Ope. Exp. / Tot. Income 23.80% 24.15% 20.43% 19.84% Net Profit / Tot. funds 1.39% 1.40% 1.57% 1.80% Credit-Deposit 73.8% 75.3% 75.3% 75.1% Investment / Deposit 39.6% 38.0% 38.6% 35.8% NIM 3.47% 3.50% 3.74% 3.98% Cost to income 41.45% 42.69% 40.21% 37.30% Solvency FY10 FY11 FY12E FY13E Gross NPA (Rs. Cr) 1318.00 1599.42 1979.33 2434.57 Net NPA (Rs. Cr) 419.00 410.35 683.13 775.62 Gross NPA (%) 1.25 1.11 1.13 1.13 Net NPA (%) 0.40 0.29 0.39 0.36 Capital Adequacy Ratio (%) 15.80% 12.65% 12.44% 12.22% Tier I Capital (%) 11.18% 9.41% 9.69% 9.92% Tier II Capital (%) 4.62% 3.24% 2.75% 2.30% Per Share Data (Rs.) FY10 FY11 FY12E FY13E EPS 62.06 82.54 111.35 156.10 Dividend Per Share 12.00 14.00 14.00 14.00 Book Value 395.99 462.77 555.13 694.22 Adjusted Book Value of share 395.99 462.77 555.13 694.22 Valuation ratio FY10 FY11 FY12E FY13E Price/Earnings(x) 14.00 13.39 9.92 7.08 Price/Book Value(x) 2.50 2.39 1.99 1.59 Price/Adj.Book Value(x) 2.50 2.39 1.99 1.59 Return Ratio FY10 FY11 FY12E FY13E RoA(%) 1.53% 1.60% 1.71% 1.98% RoE(%) 19.15% 19.34% 21.82% 24.87% Growth Ratio (%) FY10 FY11 FY12E FY13E Interest Income 7.41% 30.22% 49.19% 21.87% Interest Expenses -7.21% 29.52% 58.77% 16.93% Other Income 36.21% 17.39% 10.44% 27.50% Total Income 13.48% 26.97% 40.12% 22.90% Net profit 38.51% 34.76% 34.91% 40.19% Deposits Growth Rate 20.38% 33.93% 23.00% 23.25% Page 17
  • 18. Reporting statements Advances Growth Rate 27.94% 36.48% 23.00% 23.00% Page 18
  • 19. Reporting Charts Particulars FY07 FY08 FY09 FY10 FY11 Credit 36876.4832 59661.1446 81556.7658 104340.946 142407.829 Credit Growth (RHS) 61.79% 36.70% 27.94% 36.48% Deposit 58785.6011 87626.2206 117374.105 141300.218 189237.801 Deposit Growth (RHS) 49.06% 33.95% 20.38% 33.93% Demand Deposits 11304.3117 20044.5788 24821.607 32167.7365 36917.0923 Saving Deposits 12125.8808 19982.4102 25822.1163 33861.7974 40850.309 Term Deposits 35355.4086 47599.2316 66730.3819 75270.6836 111470.4 CD Ratio (RHS) 62.73% 68.09% 69.48% 73.84% 75.25% Investment 26897.1603 33705.1008 46330.3514 55974.8156 71991.6208 Yield on Investment 6.74% 6.94% 7.63% 6.70% 6.94% Casa Ratio (RHS) 39.86% 45.68% 43.15% 46.73% 41.10% Cost to Income 49.01% 49.19% 43.42% 41.45% 42.69% NIM 2.73% 3.29% 3.33% 3.47% 3.50% ROA 1.07% 1.17% 1.41% 1.53% 1.60% ROE 21.04% 17.61% 19.13% 19.15% 19.34% Branch 544 744 940 1174 1797 Branch opened During the year (RHS) 200 196 234 623 Capital Adequacy Tier 1 11.18% 9.41% Tier 2 4.62% 3.24% NII 1468.338 2585.3534 3686.2114 5004.4954 6562.9828 NII growth 76.07% 42.58% 35.76% 31.14% Non Interest Inome 1010.1113 1795.4888 2896.8781 3945.7819 4632.1338 Non Interest income (Growth) 77.75% 61.34% 36.21% 17.39% Fee income 778.9647 1320.7034 2173.2613 2565.1986 3357.4183 NIM (RHS) 2.73% 3.29% 3.33% 3.47% 3.50% Cost of Funds 5.02% 5.11% 6.06% 4.42% 4.54% Yield on Advances 9.13% 9.83% 10.57% 8.59% 8.43% Branch 544 744 940 1174 1797 Casa Ratio (RHS) 39.86% 45.68% 43.15% 46.73% 41.10% Cost of Income 49.0063848 49.1897859 43.4174972 41.448127 42.6920797 NII 0 0 12742 20624 21640 Core Fee Income 778.9647 1320.7034 2173.2613 2565.1986 3357.4183 Other income 231.1466 474.7854 723.6168 1380.5833 1274.7155 Total 1010.1113 1795.4888 15638.8781 24569.7819 26272.1338 Page 19
  • 20. Reporting Charts NII 0.00% 0.00% 81.48% 83.94% 82.37% Core Fee Income 77.12% 73.56% 13.90% 10.44% 12.78% Other income 22.88% 26.44% 4.63% 5.62% 4.85% Cost of Funds and Yield on advance and NI Credit and Deposit Trends 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% FY08 FY09 FY10 FY11 FY12E Yield on Advances Cost of Funds NIM (RHS) 50000 100000 150000 200000 250000 300000 FY08 FY09 FY10 FY11 FY12ECredit Deposit Deposit Growth (RHS) CD Ratio (RHS) Page 20
  • 21. Reporting Charts 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FY09 FY10 FY11 FY12E NII Core Fee Income Other income Page 21
  • 22. Reporting Charts FY12E FY13E 175161.629 215448.804 23.00% 23.00% 232762.495 286879.775 23.00% 23.25% 42454.6561 53917.4133 49428.8739 62280.3811 140878.965 170681.981 75.25% 75.10% 89836.7454 102824.893 7.70% 7.60% 39.48% 40.50% 40.21% 37.30% 3.74% 3.98% 1.71% 1.98% 21.82% 24.87% 1890 2140 93 250 8967.78415 11601.5908 36.64% 29.37% 5115.9483 6522.65907 10.44% 27.50% 4129.62451 5079.43815 3.74% 3.98% 5.79% 5.66% 10.10% 10.10% 1890 2140 Brach To Casa Ratio 39.48% 40.50% 40.2141303 37.3014198 26435 11601.5908 4129.62451 5079.43815 986.32379 1443.22093 31550.9483 18124.2499 0 50000 100000 150000 200000 250000 FY09 FY10 FY11 FY12E Rs.in(Cr) 0 50000 100000 150000 200000 250000 300000 350000 FY09 FY10 FY11 FY12E FY13E Rs.in(Cr) Deposit Deposit Growth (RHS) 1500 2000 2500 Page 22
  • 23. Reporting Charts 83.79% 64.01% 13.09% 28.03% 3.13% 7.96% and Yield on advance and NIM Cost of Income 0 500 1000 FY08 FY09 FY10 FY11 FY12E Branch Casa Ratio (RHS) 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% FY12E FY13E NIM (RHS) 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% FY12E FY13ECredit Growth (RHS) 0 10 20 30 40 50 60 FY08 FY09 FY10 FY11 FY12E Cost of Income 8000 10000 12000 14000 16000 18000 20000 Page 23
  • 24. Reporting Charts FY12E FY13E Other income 0 2000 4000 6000 8000 FY08 FY09 FY10 FY11 NII Non Interest Inome Page 24
  • 25. Reporting Charts 0% 5% 10% 15% 20% 25% 30% 35% 40% FY13E Credit Credit Growth (RHS) 0% 5% 10% 15% 20% 25% 30% 35% 40% FY13E 42% 44% 46% 48% Page 25
  • 27. Reporting Charts FY11 FY12E FY13E Non Interest Inome Page 27
  • 28. Provisions 0.78% 0.70% 678.8701 0.50% 0.600% 0.70% Book Value 2012 550.4001 0.25% 699.6073 696.2563 696.2563 0.25% 564.8504 0.50% 692.9869 689.6359 689.6359 0.50% 558.0342 0.75% 686.3665 683.0155 683.0155 0.75% 551.218 -4.94629 1.00% 679.7461 676.3951 676.3951 1.00% 544.4018 1.25% 673.1257 669.7747 669.7747 1.25% 537.5856 -4.90614 Cost of funds 8.25% 8.00% 678.8701 7.75% 8.00% 8.25% Book Value 2012 550.4001 8.00% 689.9923 683.7582 677.5241 8.00% 555.4328 8.25% 685.1042 678.8701 672.636 8.25% 550.4001 8.50% 680.2161 673.982 667.7479 8.50% 545.3674 -3.69123 8.75% 675.3279 669.0939 662.8598 8.75% 540.3347 9.00% 670.4398 664.2057 657.9717 9.00% 535.302 -3.73439 YOA 10.10% 10.10% 550.4000735 8.00% 8.25% 8.50% 8.75% 9.00% 678.8701 9.60% 542.9364 537.9037 532.871 527.8383 522.8056 8.00% 9.85% 549.1846 544.1519 539.1192 534.0865 529.0538 8.25% 10.10% 555.4328 550.4001 545.3674 540.3347 535.302 -7.09852 8.50% 10.35% 561.681 556.6483 551.6156 546.5829 541.5502 8.75% 10.60% 567.9292 562.8965 557.8638 552.8311 547.7984 9.00% 3.64% 8.00% 8.25% 8.50% 8.75% 9.00% 3.81% 9.60% 3.44% 3.31% 3.18% 3.05% 2.92% 8.00% 9.85% 3.61% 3.48% 3.35% 3.22% 3.08% 8.25% 10.10% 3.77% 3.64% 3.51% 3.38% 3.25% 8.50% 10.35% 3.93% 3.80% 3.67% 3.54% 3.41% 8.75% 10.60% 4.09% 3.96% 3.83% 3.70% 3.57% 9.00%
  • 29. 0.80% 0.90% 689.5544 686.2034 682.934 679.583 676.3136 672.9626 -3.87716 669.6932 666.3422 663.0728 659.7218 8.50% 8.75% 671.2901 665.056 666.4019 660.1679 661.5138 655.2797 -2.92812 656.6257 650.3916 651.7376 645.5035 9.50% 9.75% 10.00% 10.25% 10.50% 660.6107 668.2188 675.8269 683.4349 691.043 654.3766 661.9847 669.5928 677.2009 684.8089 648.1426 655.7506 663.3587 670.9668 678.5749 -5.52809 641.9085 649.5166 657.1246 664.7327 672.3408 635.6744 643.2825 650.8905 658.4986 666.1067 6.746481 9.50% 9.75% 10.00% 10.25% 10.50% 3.41% 3.58% 3.74% 3.91% 4.07% 3.28% 3.44% 3.61% 3.77% 3.93% 3.15% 3.31% 3.47% 3.64% 3.80% 3.01% 3.18% 3.34% 3.50% 3.67% 2.88% 3.04% 3.21% 3.37% 3.53%
  • 30. Price to book BV Close PE 120.49 460.00 120.485 0.50 465.35 120.98159 458.55 121.478179 451.30 121.974769 499.50 122.471359 489.20 122.967948 467.65 123.464538 463.10 123.961127 469.05 124.457717 469.30 124.954307 465.80 125.450896 470.45 125.947486 464.40 126.444076 465.05 126.940665 463.20 127.437255 468.15 127.933845 467.10 128.430434 465.30 128.927024 455.55 129.423614 467.85 129.920203 474.25 130.416793 480.40 130.913382 506.15 131.409972 507.05 131.906562 516.55 132.403151 524.05 132.899741 520.45 133.396331 525.25 133.89292 535.25 134.38951 541.15 134.8861 541.10 135.382689 536.65 135.879279 553.80 136.375869 567.55 136.872458 580.65 137.369048 570.55 137.865637 564.30 138.362227 554.50 138.858817 562.45 139.355406 563.05 139.851996 Date 4/2/2007 4/3/2007 4/4/2007 4/5/2007 4/9/2007 4/10/2007 4/11/2007 4/12/2007 4/13/2007 4/16/2007 4/17/2007 4/18/2007 4/19/2007 4/20/2007 4/23/2007 4/24/2007 4/25/2007 4/26/2007 4/27/2007 4/30/2007 5/3/2007 5/4/2007 5/7/2007 5/8/2007 5/9/2007 5/10/2007 5/11/2007 5/14/2007 5/15/2007 5/16/2007 5/17/2007 5/18/2007 5/21/2007 5/22/2007 5/23/2007 5/24/2007 5/25/2007 5/28/2007 5/29/2007 5/30/2007 Page 30
  • 31. Price to book 579.55 140.348586 576.15 140.845175 576.20 141.341765 577.90 141.838355 575.85 142.334944 570.00 142.831534 559.35 143.328124 564.75 143.824713 588.05 144.321303 585.05 144.817892 585.70 145.314482 596.65 145.811072 609.40 146.307661 612.90 146.804251 620.75 147.300841 616.45 147.79743 614.90 148.29402 616.55 148.79061 599.90 149.287199 589.40 149.783789 580.30 150.280378 605.00 150.776968 607.10 151.273558 623.45 151.770147 617.85 152.266737 630.05 152.763327 628.80 153.259916 632.55 153.756506 630.60 154.253096 632.50 154.749685 641.10 155.246275 641.25 155.742865 645.65 156.239454 650.50 156.736044 655.00 157.232633 649.90 157.729223 649.20 158.225813 624.80 158.722402 613.80 159.218992 617.85 159.715582 613.55 160.212171 608.75 160.708761 639.00 161.205351 626.70 161.70194 5/31/2007 6/1/2007 6/4/2007 6/5/2007 6/6/2007 6/7/2007 6/8/2007 6/11/2007 6/12/2007 6/13/2007 6/14/2007 6/15/2007 6/18/2007 6/19/2007 6/20/2007 6/21/2007 6/22/2007 6/25/2007 6/26/2007 6/27/2007 6/28/2007 6/29/2007 7/2/2007 7/3/2007 7/4/2007 7/5/2007 7/6/2007 7/9/2007 7/10/2007 7/11/2007 7/12/2007 7/13/2007 7/16/2007 7/17/2007 7/18/2007 7/19/2007 7/20/2007 7/23/2007 7/24/2007 7/25/2007 7/26/2007 7/27/2007 7/30/2007 7/31/2007 Page 31
  • 32. Price to book 617.75 162.19853 620.40 162.69512 620.70 163.191709 620.15 163.688299 615.05 164.184888 625.90 164.681478 606.80 165.178068 590.05 165.674657 600.25 166.171247 596.15 166.667837 559.00 167.164426 574.65 167.661016 603.95 168.157606 588.00 168.654195 585.70 169.150785 582.30 169.647375 571.80 170.143964 577.15 170.640554 597.60 171.137143 612.05 171.633733 629.75 172.130323 634.10 172.626912 635.35 173.123502 658.65 173.620092 667.60 174.116681 659.70 174.613271 651.70 175.109861 649.35 175.60645 646.90 176.10304 646.65 176.599629 659.35 177.096219 649.35 177.592809 658.05 178.089398 660.20 178.585988 684.85 179.082578 705.20 179.579167 709.85 180.075757 728.15 180.572347 737.85 181.068936 756.00 181.565526 768.15 182.062116 764.40 182.558705 750.50 183.055295 755.15 183.551884 8/1/2007 8/2/2007 8/3/2007 8/6/2007 8/7/2007 8/8/2007 8/9/2007 8/10/2007 8/13/2007 8/14/2007 8/16/2007 8/17/2007 8/20/2007 8/21/2007 8/22/2007 8/23/2007 8/24/2007 8/27/2007 8/28/2007 8/29/2007 8/30/2007 8/31/2007 9/3/2007 9/4/2007 9/5/2007 9/6/2007 9/7/2007 9/10/2007 9/11/2007 9/12/2007 9/13/2007 9/14/2007 9/17/2007 9/18/2007 9/19/2007 9/20/2007 9/21/2007 9/24/2007 9/25/2007 9/26/2007 9/27/2007 9/28/2007 10/1/2007 10/3/2007 Page 32
  • 33. Price to book 752.00 184.048474 737.20 184.545064 716.15 185.041653 727.80 185.538243 762.75 186.034833 758.75 186.531422 743.15 187.028012 813.35 187.524602 882.85 188.021191 872.25 188.517781 855.25 189.014371 832.35 189.51096 821.80 190.00755 869.35 190.504139 866.40 191.000729 868.90 191.497319 919.00 191.993908 925.45 192.490498 909.05 192.987088 918.80 193.483677 913.20 193.980267 929.20 194.476857 976.70 194.973446 942.30 195.470036 937.15 195.966625 920.10 196.463215 914.75 196.959805 894.30 197.456394 949.30 197.952984 989.15 198.449574 962.60 198.946163 974.60 199.442753 981.70 199.939343 996.75 200.435932 939.60 200.932522 924.75 201.429112 929.95 201.925701 936.80 202.422291 934.80 202.91888 908.50 203.41547 918.75 203.91206 931.25 204.408649 941.00 204.905239 943.10 205.401829 10/4/2007 10/5/2007 10/8/2007 10/9/2007 10/10/2007 10/11/2007 10/12/2007 10/15/2007 10/16/2007 10/17/2007 10/18/2007 10/19/2007 10/22/2007 10/23/2007 10/24/2007 10/25/2007 10/26/2007 10/29/2007 10/30/2007 10/31/2007 11/1/2007 11/2/2007 11/5/2007 11/6/2007 11/7/2007 11/8/2007 11/9/2007 11/12/2007 11/13/2007 11/14/2007 11/15/2007 11/16/2007 11/19/2007 11/20/2007 11/21/2007 11/22/2007 11/23/2007 11/26/2007 11/27/2007 11/28/2007 11/29/2007 11/30/2007 12/3/2007 12/4/2007 Page 33
  • 34. Price to book 942.40 205.898418 926.75 206.395008 935.20 206.891598 937.45 207.388187 939.65 207.884777 942.60 208.381367 968.65 208.877956 993.90 209.374546 978.95 209.871135 953.05 210.367725 942.15 210.864315 932.10 211.360904 947.85 211.857494 971.80 212.354084 959.55 212.850673 976.95 213.347263 967.10 213.843853 973.00 214.340442 1,033.90 214.837032 1,035.45 215.333622 1,056.45 215.830211 1,089.50 216.326801 1,068.65 216.82339 1,095.60 217.31998 1,086.45 217.81657 1,167.45 218.313159 1,265.20 218.809749 1,207.90 219.306339 1,164.55 219.802928 1,159.65 220.299518 1,112.75 220.796108 1,056.75 221.292697 985.95 221.789287 1,022.60 222.285876 1,005.75 222.782466 1,098.30 223.279056 1,138.50 223.775645 1,136.90 224.272235 1,100.75 224.768825 1,110.80 225.265414 1,087.80 225.762004 1,089.25 226.258594 1,058.70 226.755183 1,083.45 227.251773 12/5/2007 12/6/2007 12/7/2007 12/10/2007 12/11/2007 12/12/2007 12/13/2007 12/14/2007 12/17/2007 12/18/2007 12/19/2007 12/20/2007 12/24/2007 12/26/2007 12/27/2007 12/28/2007 12/31/2007 1/1/2008 1/2/2008 1/3/2008 1/4/2008 1/7/2008 1/8/2008 1/9/2008 1/10/2008 1/11/2008 1/14/2008 1/15/2008 1/16/2008 1/17/2008 1/18/2008 1/21/2008 1/22/2008 1/23/2008 1/24/2008 1/25/2008 1/28/2008 1/29/2008 1/30/2008 1/31/2008 2/1/2008 2/4/2008 2/5/2008 2/6/2008 Page 34
  • 35. Price to book 1,033.80 227.748363 980.85 228.244952 928.10 228.741542 989.80 229.238131 969.10 229.734721 994.50 230.231311 1,026.90 230.7279 1,051.25 231.22449 1,040.30 231.72108 1,004.20 232.217669 1,001.80 232.714259 970.50 233.210849 956.50 233.707438 959.80 234.204028 988.05 234.700618 1,003.60 235.197207 1,018.75 235.693797 940.30 236.190386 909.10 236.686976 899.25 237.183566 840.10 237.680155 805.75 238.176745 833.70 238.673335 863.35 239.169924 802.95 239.666514 860.60 240.163104 792.85 240.659693 782.10 241.156283 747.25 241.652873 718.35 242.149462 792.15 242.646052 826.55 243.142641 793.25 243.639231 804.90 244.135821 781.15 244.63241 244.6324104 721.10 244.63241 0.16200823 743.00 244.794419 745.55 244.956427 714.75 245.118435 750.80 245.280443 760.95 245.442452 796.10 245.60446 777.30 245.766468 761.70 245.928476 2/7/2008 2/8/2008 2/11/2008 2/12/2008 2/13/2008 2/14/2008 2/15/2008 2/18/2008 2/19/2008 2/20/2008 2/21/2008 2/22/2008 2/25/2008 2/26/2008 2/27/2008 2/28/2008 2/29/2008 3/3/2008 3/4/2008 3/5/2008 3/7/2008 3/10/2008 3/11/2008 3/12/2008 3/13/2008 3/14/2008 3/17/2008 3/18/2008 3/19/2008 3/24/2008 3/25/2008 3/26/2008 3/27/2008 3/28/2008 3/31/2008 4/1/2008 4/2/2008 4/3/2008 4/4/2008 4/7/2008 4/8/2008 4/9/2008 4/10/2008 4/11/2008 Page 35
  • 36. Price to book 774.90 246.090484 786.80 246.252493 824.75 246.414501 881.10 246.576509 910.60 246.738517 897.25 246.900526 891.90 247.062534 906.60 247.224542 919.15 247.38655 944.30 247.548559 924.30 247.710567 933.20 247.872575 946.90 248.034583 947.85 248.196591 907.15 248.3586 863.35 248.520608 836.30 248.682616 877.20 248.844624 869.25 249.006633 865.40 249.168641 894.00 249.330649 901.65 249.492657 869.40 249.654666 869.50 249.816674 828.40 249.978682 799.85 250.14069 762.95 250.302698 740.40 250.464707 810.80 250.626715 783.30 250.788723 794.05 250.950731 750.00 251.11274 757.30 251.274748 739.40 251.436756 770.40 251.598764 760.20 251.760772 704.10 251.922781 681.20 252.084789 703.70 252.246797 715.80 252.408805 704.35 252.570814 736.15 252.732822 794.20 252.89483 753.25 253.056838 4/15/2008 4/16/2008 4/17/2008 4/21/2008 4/22/2008 4/23/2008 4/24/2008 4/25/2008 4/28/2008 4/29/2008 4/30/2008 5/2/2008 5/5/2008 5/6/2008 5/7/2008 5/8/2008 5/9/2008 5/12/2008 5/13/2008 5/14/2008 5/15/2008 5/16/2008 5/20/2008 5/21/2008 5/22/2008 5/23/2008 5/26/2008 5/27/2008 5/28/2008 5/29/2008 5/30/2008 6/2/2008 6/3/2008 6/4/2008 6/5/2008 6/6/2008 6/9/2008 6/10/2008 6/11/2008 6/12/2008 6/13/2008 6/16/2008 6/17/2008 6/18/2008 Page 36
  • 37. Price to book 718.10 253.218847 705.10 253.380855 699.00 253.542863 678.90 253.704871 686.95 253.866879 676.25 254.028888 628.95 254.190896 603.65 254.352904 592.30 254.514912 635.85 254.676921 579.75 254.838929 599.55 255.000937 602.90 255.162945 608.40 255.324954 669.75 255.486962 679.00 255.64897 669.60 255.810978 635.80 255.972986 596.55 256.134995 584.45 256.297003 635.50 256.459011 686.80 256.621019 697.60 256.783028 740.05 256.945036 765.40 257.107044 761.55 257.269052 712.50 257.431061 697.20 257.593069 620.10 257.755077 679.60 257.917085 653.85 258.079093 680.30 258.241102 706.05 258.40311 760.85 258.565118 743.95 258.727126 748.50 258.889135 734.85 259.051143 759.80 259.213151 721.55 259.375159 725.20 259.537168 700.15 259.699176 691.55 259.861184 679.75 260.023192 673.65 260.1852 6/19/2008 6/20/2008 6/23/2008 6/24/2008 6/25/2008 6/26/2008 6/27/2008 6/30/2008 7/1/2008 7/2/2008 7/3/2008 7/4/2008 7/7/2008 7/8/2008 7/9/2008 7/10/2008 7/11/2008 7/14/2008 7/15/2008 7/16/2008 7/17/2008 7/18/2008 7/21/2008 7/22/2008 7/23/2008 7/24/2008 7/25/2008 7/28/2008 7/29/2008 7/30/2008 7/31/2008 8/1/2008 8/4/2008 8/5/2008 8/6/2008 8/7/2008 8/8/2008 8/11/2008 8/12/2008 8/13/2008 8/14/2008 8/18/2008 8/19/2008 8/20/2008 Page 37
  • 38. Price to book 648.60 260.347209 679.40 260.509217 685.35 260.671225 680.00 260.833233 677.55 260.995242 670.65 261.15725 723.30 261.319258 722.95 261.481266 759.65 261.643275 734.90 261.805283 686.55 261.967291 710.85 262.129299 709.70 262.291307 710.95 262.453316 703.90 262.615324 692.70 262.777332 657.25 262.93934 696.55 263.101349 666.85 263.263357 678.60 263.425365 708.85 263.587373 703.15 263.749382 684.75 263.91139 710.50 264.073398 721.25 264.235406 705.15 264.397414 671.60 264.559423 720.50 264.721431 734.80 264.883439 702.90 265.045447 678.10 265.207456 680.15 265.369464 643.65 265.531472 552.30 265.69348 662.90 265.855489 638.70 266.017497 618.25 266.179505 622.85 266.341513 619.30 266.503521 617.20 266.66553 657.55 266.827538 630.95 266.989546 622.25 267.151554 534.30 267.313563 8/21/2008 8/22/2008 8/25/2008 8/26/2008 8/27/2008 8/28/2008 8/29/2008 9/1/2008 9/2/2008 9/4/2008 9/5/2008 9/8/2008 9/9/2008 9/10/2008 9/11/2008 9/12/2008 9/15/2008 9/16/2008 9/17/2008 9/18/2008 9/19/2008 9/22/2008 9/23/2008 9/24/2008 9/25/2008 9/26/2008 9/29/2008 9/30/2008 10/1/2008 10/3/2008 10/6/2008 10/7/2008 10/8/2008 10/10/2008 10/13/2008 10/14/2008 10/15/2008 10/16/2008 10/17/2008 10/20/2008 10/21/2008 10/22/2008 10/23/2008 10/24/2008 Page 38
  • 39. Price to book 537.60 267.475571 568.65 267.637579 527.80 267.799587 562.60 267.961596 602.30 268.123604 640.80 268.285612 603.85 268.44762 582.65 268.609628 581.00 268.771637 608.85 268.933645 564.10 269.095653 525.65 269.257661 494.85 269.41967 455.75 269.581678 437.40 269.743686 427.40 269.905694 406.05 270.067703 411.75 270.229711 397.60 270.391719 381.95 270.553727 405.05 270.715735 406.85 270.877744 413.05 271.039752 428.80 271.20176 432.95 271.363768 455.20 271.525777 443.10 271.687785 451.50 271.849793 462.75 272.011801 457.60 272.17381 469.00 272.335818 485.55 272.497826 500.75 272.659834 497.40 272.821842 538.30 272.983851 545.70 273.145859 536.85 273.307867 498.90 273.469875 489.20 273.631884 481.75 273.793892 494.80 273.9559 510.40 274.117908 504.65 274.279917 517.25 274.441925 10/27/2008 10/28/2008 10/29/2008 10/31/2008 11/3/2008 11/4/2008 11/5/2008 11/6/2008 11/7/2008 11/10/2008 11/11/2008 11/12/2008 11/14/2008 11/17/2008 11/18/2008 11/19/2008 11/20/2008 11/21/2008 11/24/2008 11/25/2008 11/26/2008 11/28/2008 12/1/2008 12/2/2008 12/3/2008 12/4/2008 12/5/2008 12/8/2008 12/10/2008 12/11/2008 12/12/2008 12/15/2008 12/16/2008 12/17/2008 12/18/2008 12/19/2008 12/22/2008 12/23/2008 12/24/2008 12/26/2008 12/29/2008 12/30/2008 12/31/2008 1/1/2009 Page 39
  • 40. Price to book 542.60 274.603933 559.25 274.765941 567.20 274.927949 522.15 275.089958 485.75 275.251966 452.55 275.413974 440.15 275.575982 449.80 275.737991 434.65 275.899999 444.35 276.062007 438.35 276.224015 422.40 276.386024 407.95 276.548032 415.95 276.71004 384.10 276.872048 394.50 277.034056 423.10 277.196065 435.05 277.358073 433.00 277.520081 397.65 277.682089 395.35 277.844098 394.75 278.006106 392.10 278.168114 402.70 278.330122 421.70 278.492131 421.05 278.654139 431.55 278.816147 430.70 278.978155 439.20 279.140163 418.75 279.302172 399.70 279.46418 394.10 279.626188 388.45 279.788196 373.15 279.950205 363.65 280.112213 366.25 280.274221 346.50 280.436229 347.95 280.598238 323.05 280.760246 324.95 280.922254 322.60 281.084262 300.85 281.24627 295.25 281.408279 280.90 281.570287 1/2/2009 1/5/2009 1/6/2009 1/7/2009 1/9/2009 1/12/2009 1/13/2009 1/14/2009 1/15/2009 1/16/2009 1/19/2009 1/20/2009 1/21/2009 1/22/2009 1/23/2009 1/27/2009 1/28/2009 1/29/2009 1/30/2009 2/2/2009 2/3/2009 2/4/2009 2/5/2009 2/6/2009 2/9/2009 2/10/2009 2/11/2009 2/12/2009 2/13/2009 2/16/2009 2/17/2009 2/18/2009 2/19/2009 2/20/2009 2/24/2009 2/25/2009 2/26/2009 2/27/2009 3/2/2009 3/3/2009 3/4/2009 3/5/2009 3/6/2009 3/9/2009 Page 40
  • 41. Price to book 304.35 281.732295 330.55 281.894303 342.70 282.056312 325.80 282.21832 341.25 282.380328 358.30 282.542336 343.05 282.704345 374.05 282.866353 372.30 283.028361 397.75 283.190369 421.50 283.352377 431.20 283.514386 397.40 283.676394 414.50 283.838402 283.8384021 417.85 283.838402 0.456934426 439.75 284.295337 436.40 284.752271 443.85 285.209205 444.55 285.66614 462.25 286.123074 504.25 286.580009 470.65 287.036943 503.80 287.493878 510.30 287.950812 493.85 288.407746 472.50 288.864681 502.55 289.321615 528.75 289.77855 557.55 290.235484 530.60 290.692419 555.65 291.149353 608.85 291.606287 627.80 292.063222 604.85 292.520156 624.55 292.977091 607.35 293.434025 617.80 293.89096 668.25 294.347894 670.25 294.804828 637.40 295.261763 659.40 295.718697 793.60 296.175632 766.80 296.632566 728.05 297.0895 3/12/2009 3/13/2009 3/16/2009 3/17/2009 3/18/2009 3/19/2009 3/20/2009 3/23/2009 3/24/2009 3/25/2009 3/26/2009 3/27/2009 3/30/2009 3/31/2009 4/1/2009 4/2/2009 4/6/2009 4/8/2009 4/9/2009 4/13/2009 4/15/2009 4/16/2009 4/17/2009 4/20/2009 4/21/2009 4/22/2009 4/23/2009 4/24/2009 4/27/2009 4/28/2009 4/29/2009 5/4/2009 5/5/2009 5/6/2009 5/7/2009 5/8/2009 5/11/2009 5/12/2009 5/13/2009 5/14/2009 5/15/2009 5/18/2009 5/19/2009 5/20/2009 Page 41
  • 42. Price to book 734.95 297.546435 762.70 298.003369 771.90 298.460304 743.80 298.917238 797.40 299.374173 782.05 299.831107 783.40 300.288041 742.25 300.744976 720.15 301.20191 716.20 301.658845 734.85 302.115779 737.50 302.572714 697.80 303.029648 725.20 303.486582 749.45 303.943517 725.55 304.400451 703.45 304.857386 716.45 305.31432 757.90 305.771255 720.85 306.228189 731.90 306.685123 755.50 307.142058 763.90 307.598992 746.75 308.055927 768.65 308.512861 777.30 308.969796 818.45 309.42673 867.10 309.883664 833.65 310.340599 869.55 310.797533 853.15 311.254468 871.80 311.711402 794.20 312.168337 817.20 312.625271 783.60 313.082205 765.20 313.53914 739.10 313.996074 755.90 314.453009 762.90 314.909943 788.90 315.366878 799.00 315.823812 851.75 316.280746 886.30 316.737681 882.85 317.194615 5/21/2009 5/22/2009 5/25/2009 5/26/2009 5/27/2009 5/28/2009 5/29/2009 6/1/2009 6/2/2009 6/3/2009 6/4/2009 6/5/2009 6/8/2009 6/9/2009 6/10/2009 6/11/2009 6/12/2009 6/15/2009 6/16/2009 6/17/2009 6/18/2009 6/19/2009 6/22/2009 6/23/2009 6/24/2009 6/25/2009 6/26/2009 6/29/2009 6/30/2009 7/1/2009 7/2/2009 7/3/2009 7/6/2009 7/7/2009 7/8/2009 7/9/2009 7/10/2009 7/13/2009 7/14/2009 7/15/2009 7/16/2009 7/17/2009 7/20/2009 7/21/2009 Page 42
  • 43. Price to book 861.35 317.65155 892.60 318.108484 892.50 318.565419 938.60 319.022353 954.45 319.479287 919.20 319.936222 917.50 320.393156 917.70 320.850091 921.55 321.307025 894.65 321.76396 851.40 322.220894 845.20 322.677828 814.15 323.134763 840.50 323.591697 866.75 324.048632 870.55 324.505566 877.80 324.9625 870.30 325.419435 828.55 325.876369 830.85 326.333304 819.65 326.790238 843.05 327.247173 879.40 327.704107 906.95 328.161041 916.15 328.617976 930.95 329.07491 921.25 329.531845 917.60 329.988779 906.70 330.445714 891.70 330.902648 889.65 331.359582 889.65 331.816517 906.95 332.273451 932.75 332.730386 906.00 333.18732 913.40 333.644255 909.00 334.101189 902.95 334.558123 895.50 335.015058 907.65 335.471992 907.35 335.928927 911.55 336.385861 914.10 336.842796 909.75 337.29973 7/22/2009 7/23/2009 7/24/2009 7/27/2009 7/28/2009 7/29/2009 7/30/2009 7/31/2009 8/3/2009 8/4/2009 8/5/2009 8/6/2009 8/7/2009 8/10/2009 8/11/2009 8/12/2009 8/13/2009 8/14/2009 8/17/2009 8/18/2009 8/19/2009 8/20/2009 8/21/2009 8/24/2009 8/25/2009 8/26/2009 8/27/2009 8/28/2009 8/31/2009 9/1/2009 9/2/2009 9/3/2009 9/4/2009 9/7/2009 9/8/2009 9/9/2009 9/10/2009 9/11/2009 9/14/2009 9/15/2009 9/16/2009 9/17/2009 9/18/2009 9/22/2009 Page 43
  • 44. Price to book 919.85 337.756664 918.25 338.213599 914.40 338.670533 925.20 339.127468 981.55 339.584402 1,008.60 340.041337 969.20 340.498271 998.65 340.955205 980.00 341.41214 1,012.65 341.869074 996.20 342.326009 1,012.75 342.782943 1,032.10 343.239878 1,006.25 343.696812 1,006.10 344.153746 1,011.25 344.610681 994.55 345.067615 976.35 345.52455 966.45 345.981484 994.80 346.438419 967.25 346.895353 952.30 347.352287 928.65 347.809222 908.90 348.266156 907.90 348.723091 894.55 349.180025 923.55 349.63696 917.00 350.093894 935.25 350.550828 997.25 351.007763 995.85 351.464697 1,005.10 351.921632 979.15 352.378566 996.60 352.8355 999.30 353.292435 1,000.10 353.749369 997.50 354.206304 984.85 354.663238 991.95 355.120173 998.75 355.577107 999.85 356.034041 1,016.80 356.490976 999.65 356.94791 969.40 357.404845 9/23/2009 9/24/2009 9/25/2009 9/29/2009 9/30/2009 10/1/2009 10/5/2009 10/6/2009 10/7/2009 10/8/2009 10/9/2009 10/12/2009 10/14/2009 10/15/2009 10/16/2009 10/17/2009 10/20/2009 10/21/2009 10/22/2009 10/23/2009 10/26/2009 10/27/2009 10/28/2009 10/29/2009 10/30/2009 11/3/2009 11/4/2009 11/5/2009 11/6/2009 11/9/2009 11/10/2009 11/11/2009 11/12/2009 11/13/2009 11/16/2009 11/17/2009 11/18/2009 11/19/2009 11/20/2009 11/23/2009 11/24/2009 11/25/2009 11/26/2009 11/27/2009 Page 44
  • 45. Price to book 997.45 357.861779 1,036.50 358.318714 1,046.85 358.775648 1,047.85 359.232582 1,026.50 359.689517 1,011.10 360.146451 1,040.50 360.603386 1,016.30 361.06032 1,021.60 361.517255 1,003.65 361.974189 994.20 362.431123 958.95 362.888058 938.25 363.344992 941.90 363.801927 933.95 364.258861 954.50 364.715796 967.25 365.17273 983.30 365.629664 987.15 366.086599 984.25 366.543533 980.10 367.000468 988.70 367.457402 993.05 367.914337 1,010.00 368.371271 995.30 368.828205 1,002.95 369.28514 1,013.55 369.742074 1,051.10 370.199009 1,049.10 370.655943 1,039.45 371.112878 1,062.05 371.569812 1,078.20 372.026746 1,108.30 372.483681 1,104.20 372.940615 1,082.75 373.39755 1,060.05 373.854484 1,031.15 374.311419 1,017.60 374.768353 972.55 375.225287 1,014.00 375.682222 1,025.50 376.139156 1,063.35 376.596091 1,033.05 377.053025 1,069.90 377.50996 11/30/2009 12/1/2009 12/2/2009 12/3/2009 12/4/2009 12/7/2009 12/8/2009 12/9/2009 12/10/2009 12/11/2009 12/14/2009 12/15/2009 12/16/2009 12/17/2009 12/18/2009 12/21/2009 12/22/2009 12/23/2009 12/24/2009 12/29/2009 12/30/2009 12/31/2009 1/4/2010 1/5/2010 1/6/2010 1/7/2010 1/8/2010 1/11/2010 1/12/2010 1/13/2010 1/14/2010 1/15/2010 1/18/2010 1/19/2010 1/20/2010 1/21/2010 1/22/2010 1/25/2010 1/27/2010 1/28/2010 1/29/2010 2/1/2010 2/2/2010 2/3/2010 Page 45
  • 46. Price to book 1,047.05 377.966894 1,023.35 378.423828 1,029.15 378.880763 1,023.00 379.337697 1,037.90 379.794632 1,024.80 380.251566 1,035.00 380.7085 1,027.90 381.165435 1,025.90 381.622369 1,067.55 382.079304 1,100.80 382.536238 1,096.00 382.993173 1,104.60 383.450107 1,098.35 383.907041 1,093.35 384.363976 1,097.95 384.82091 1,124.85 385.277845 1,152.70 385.734779 1,148.15 386.191714 1,121.65 386.648648 1,102.80 387.105582 1,128.40 387.562517 1,115.40 388.019451 1,129.90 388.476386 1,151.25 388.93332 1,151.95 389.390255 1,139.80 389.847189 1,145.15 390.304123 1,145.70 390.761058 1,164.90 391.217992 1,155.15 391.674927 1,146.80 392.131861 1,160.65 392.588796 1,154.40 393.04573 1,191.65 393.502664 1,199.70 393.959599 1,173.15 394.416533 1,169.10 394.873468 394.8734677 1,173.70 395.330402 0.262916929 1,174.25 395.593319 1,171.35 395.856236 1,164.20 396.119153 1,156.30 396.38207 1,182.35 396.644987 2/4/2010 2/5/2010 2/6/2010 2/8/2010 2/9/2010 2/10/2010 2/11/2010 2/15/2010 2/16/2010 2/17/2010 2/18/2010 2/19/2010 2/22/2010 2/23/2010 2/24/2010 2/25/2010 2/26/2010 3/2/2010 3/3/2010 3/4/2010 3/5/2010 3/8/2010 3/9/2010 3/10/2010 3/11/2010 3/12/2010 3/15/2010 3/16/2010 3/17/2010 3/18/2010 3/19/2010 3/22/2010 3/23/2010 3/25/2010 3/26/2010 3/29/2010 3/30/2010 3/31/2010 4/1/2010 4/5/2010 4/6/2010 4/7/2010 4/8/2010 4/9/2010 Page 46
  • 47. Price to book 1,177.30 396.907904 1,157.80 397.170821 1,149.25 397.433738 1,150.45 397.696654 1,157.40 397.959571 1,186.50 398.222488 1,239.15 398.485405 1,225.70 398.748322 1,233.40 399.011239 1,274.85 399.274156 1,278.35 399.537073 1,258.95 399.79999 1,271.70 400.062907 1,268.20 400.325824 1,262.10 400.588741 1,247.35 400.851658 1,241.55 401.114575 1,236.00 401.377491 1,190.25 401.640408 1,249.30 401.903325 1,258.95 402.166242 1,287.80 402.429159 1,311.15 402.692076 1,288.10 402.954993 1,261.85 403.21791 1,254.55 403.480827 1,205.10 403.743744 1,207.40 404.006661 1,217.85 404.269578 1,196.15 404.532495 1,163.75 404.795412 1,157.85 405.058329 1,215.70 405.321245 1,220.50 405.584162 1,228.40 405.847079 1,180.85 406.109996 1,202.60 406.372913 1,243.95 406.63583 1,240.10 406.898747 1,215.55 407.161664 1,226.70 407.424581 1,240.50 407.687498 1,245.95 407.950415 1,241.95 408.213332 4/12/2010 4/13/2010 4/15/2010 4/16/2010 4/19/2010 4/20/2010 4/21/2010 4/22/2010 4/23/2010 4/26/2010 4/27/2010 4/28/2010 4/29/2010 4/30/2010 5/3/2010 5/4/2010 5/5/2010 5/6/2010 5/7/2010 5/10/2010 5/11/2010 5/12/2010 5/13/2010 5/14/2010 5/17/2010 5/18/2010 5/19/2010 5/20/2010 5/21/2010 5/24/2010 5/25/2010 5/26/2010 5/27/2010 5/28/2010 5/31/2010 6/1/2010 6/2/2010 6/3/2010 6/4/2010 6/7/2010 6/8/2010 6/9/2010 6/10/2010 6/11/2010 Page 47
  • 48. Price to book 1,253.35 408.476249 1,245.85 408.739166 1,219.70 409.002082 1,215.05 409.264999 1,208.50 409.527916 1,250.05 409.790833 1,236.10 410.05375 1,250.30 410.316667 1,262.95 410.579584 1,247.85 410.842501 1,262.55 411.105418 1,241.60 411.368335 1,242.95 411.631252 1,229.55 411.894169 1,236.95 412.157086 1,238.80 412.420003 1,253.00 412.682919 1,236.10 412.945836 1,243.75 413.208753 1,269.55 413.47167 1,288.60 413.734587 1,300.70 413.997504 1,314.15 414.260421 1,344.95 414.523338 1,359.10 414.786255 1,360.95 415.049172 1,371.00 415.312089 1,346.30 415.575006 1,363.70 415.837923 1,390.60 416.10084 1,383.95 416.363756 1,382.20 416.626673 1,349.60 416.88959 1,362.00 417.152507 1,345.40 417.415424 1,351.05 417.678341 1,358.60 417.941258 1,332.15 418.204175 1,317.10 418.467092 1,311.75 418.730009 1,310.05 418.992926 1,297.00 419.255843 1,289.65 419.51876 1,316.80 419.781677 6/14/2010 6/15/2010 6/16/2010 6/17/2010 6/18/2010 6/21/2010 6/22/2010 6/23/2010 6/24/2010 6/25/2010 6/28/2010 6/29/2010 6/30/2010 7/1/2010 7/2/2010 7/5/2010 7/6/2010 7/7/2010 7/8/2010 7/9/2010 7/12/2010 7/13/2010 7/14/2010 7/15/2010 7/16/2010 7/19/2010 7/20/2010 7/21/2010 7/22/2010 7/23/2010 7/26/2010 7/27/2010 7/28/2010 7/29/2010 7/30/2010 8/2/2010 8/3/2010 8/4/2010 8/5/2010 8/6/2010 8/9/2010 8/10/2010 8/11/2010 8/12/2010 Page 48
  • 49. Price to book 1,328.45 420.044593 1,334.75 420.30751 1,330.50 420.570427 1,350.70 420.833344 1,359.05 421.096261 1,366.25 421.359178 1,382.30 421.622095 1,370.45 421.885012 1,358.20 422.147929 1,364.00 422.410846 1,331.85 422.673763 1,327.60 422.93668 1,324.85 423.199597 1,350.15 423.462514 1,388.50 423.72543 1,379.95 423.988347 1,395.90 424.251264 1,398.25 424.514181 1,379.25 424.777098 1,378.70 425.040015 1,424.55 425.302932 1,424.75 425.565849 1,470.00 425.828766 1,484.40 426.091683 1,505.65 426.3546 1,542.35 426.617517 1,530.90 426.880434 1,530.05 427.143351 1,493.90 427.406267 1,506.25 427.669184 1,505.60 427.932101 1,507.60 428.195018 1,508.65 428.457935 1,531.20 428.720852 1,572.45 428.983769 1,576.95 429.246686 1,575.10 429.509603 1,565.90 429.77252 1,565.50 430.035437 1,571.10 430.298354 1,551.05 430.561271 1,542.30 430.824188 1,588.70 431.087104 1,563.45 431.350021 8/13/2010 8/16/2010 8/17/2010 8/18/2010 8/19/2010 8/20/2010 8/23/2010 8/24/2010 8/25/2010 8/26/2010 8/27/2010 8/30/2010 8/31/2010 9/1/2010 9/2/2010 9/3/2010 9/6/2010 9/7/2010 9/8/2010 9/9/2010 9/13/2010 9/14/2010 9/15/2010 9/16/2010 9/17/2010 9/20/2010 9/21/2010 9/22/2010 9/23/2010 9/24/2010 9/27/2010 9/28/2010 9/29/2010 9/30/2010 10/1/2010 10/4/2010 10/5/2010 10/6/2010 10/7/2010 10/8/2010 10/11/2010 10/12/2010 10/13/2010 10/14/2010 Page 49
  • 50. Price to book 1,505.80 431.612938 1,482.05 431.875855 1,465.85 432.138772 1,455.65 432.401689 1,503.90 432.664606 1,464.15 432.927523 1,466.80 433.19044 1,460.35 433.453357 1,446.25 433.716274 1,446.65 433.979191 1,466.65 434.242108 1,511.20 434.505025 1,526.00 434.767941 1,537.15 435.030858 1,543.80 435.293775 1,549.40 435.556692 1,556.60 435.819609 1,557.90 436.082526 1,547.25 436.345443 1,523.30 436.60836 1,491.45 436.871277 1,523.55 437.134194 1,466.80 437.397111 1,426.90 437.660028 1,384.10 437.922945 1,431.95 438.185862 1,421.35 438.448779 1,385.40 438.711695 1,348.70 438.974612 1,329.20 439.237529 1,329.30 439.500446 1,367.90 439.763363 1,421.30 440.02628 1,453.45 440.289197 1,409.60 440.552114 1,382.55 440.815031 1,324.80 441.077948 1,251.05 441.340865 1,245.00 441.603782 1,323.05 441.866699 1,324.40 442.129616 1,303.25 442.392532 1,296.25 442.655449 1,309.25 442.918366 10/15/2010 10/18/2010 10/19/2010 10/20/2010 10/21/2010 10/22/2010 10/25/2010 10/26/2010 10/27/2010 10/28/2010 10/29/2010 11/1/2010 11/2/2010 11/3/2010 11/4/2010 11/5/2010 11/8/2010 11/9/2010 11/10/2010 11/11/2010 11/12/2010 11/15/2010 11/16/2010 11/18/2010 11/19/2010 11/22/2010 11/23/2010 11/24/2010 11/25/2010 11/26/2010 11/29/2010 11/30/2010 12/1/2010 12/2/2010 12/3/2010 12/6/2010 12/7/2010 12/8/2010 12/9/2010 12/10/2010 12/13/2010 12/14/2010 12/15/2010 12/16/2010 Page 50
  • 51. Price to book 1,270.55 443.181283 1,317.15 443.4442 1,310.20 443.707117 1,314.65 443.970034 1,320.55 444.232951 1,315.90 444.495868 1,288.85 444.758785 1,310.50 445.021702 1,329.35 445.284619 1,349.50 445.547536 1,367.60 445.810453 1,347.40 446.073369 1,310.85 446.336286 1,307.40 446.599203 1,280.25 446.86212 1,256.20 447.125037 1,297.65 447.387954 1,312.95 447.650871 1,269.20 447.913788 1,201.35 448.176705 1,227.55 448.439622 1,279.20 448.702539 1,281.00 448.965456 1,285.75 449.228373 1,284.40 449.49129 1,322.10 449.754206 1,298.10 450.017123 1,298.90 450.28004 1,253.30 450.542957 1,246.75 450.805874 1,241.80 451.068791 1,224.70 451.331708 1,255.60 451.594625 1,220.40 451.857542 1,228.75 452.120459 1,191.50 452.383376 1,159.45 452.646293 1,165.85 452.90921 1,222.00 453.172127 1,271.30 453.435043 1,275.65 453.69796 1,295.85 453.960877 1,316.90 454.223794 1,292.95 454.486711 12/20/2010 12/21/2010 12/22/2010 12/23/2010 12/24/2010 12/27/2010 12/28/2010 12/29/2010 12/30/2010 12/31/2010 1/3/2011 1/4/2011 1/5/2011 1/6/2011 1/7/2011 1/10/2011 1/11/2011 1/12/2011 1/13/2011 1/14/2011 1/17/2011 1/18/2011 1/19/2011 1/20/2011 1/21/2011 1/24/2011 1/25/2011 1/27/2011 1/28/2011 1/31/2011 2/1/2011 2/2/2011 2/3/2011 2/4/2011 2/7/2011 2/8/2011 2/9/2011 2/10/2011 2/11/2011 2/14/2011 2/15/2011 2/16/2011 2/17/2011 2/18/2011 Page 51
  • 52. Price to book 1,308.35 454.749628 1,264.70 455.012545 1,254.85 455.275462 1,191.55 455.538379 1,230.70 455.801296 1,223.90 456.064213 1,288.15 456.32713 1,304.65 456.590047 1,328.30 456.852964 1,284.30 457.11588 1,313.25 457.378797 1,299.95 457.641714 1,285.25 457.904631 1,265.25 458.167548 1,290.55 458.430465 1,281.15 458.693382 1,317.65 458.956299 1,292.70 459.219216 1,271.25 459.482133 1,278.10 459.74505 1,294.80 460.007967 1,313.40 460.270884 1,316.50 460.533801 1,365.75 460.796717 1,384.65 461.059634 1,422.60 461.322551 1,424.70 461.585468 1,403.65 461.848385 461.8483852 1,409.05 461.848385 0.284197022 1,432.15 462.132582 1,427.35 462.416779 1,429.15 462.700976 1,447.45 462.985173 1,450.85 463.26937 1,412.15 463.553567 1,439.40 463.837764 1,427.35 464.121961 1,394.80 464.406158 1,410.60 464.690355 1,447.90 464.974552 1,449.55 465.258749 1,377.15 465.542946 1,355.20 465.827144 1,342.25 466.111341 2/21/2011 2/22/2011 2/23/2011 2/24/2011 2/25/2011 2/28/2011 3/1/2011 3/3/2011 3/4/2011 3/7/2011 3/8/2011 3/9/2011 3/10/2011 3/11/2011 3/14/2011 3/15/2011 3/16/2011 3/17/2011 3/18/2011 3/21/2011 3/22/2011 3/23/2011 3/24/2011 3/25/2011 3/28/2011 3/29/2011 3/30/2011 3/31/2011 4/1/2011 4/4/2011 4/5/2011 4/6/2011 4/7/2011 4/8/2011 4/11/2011 4/13/2011 4/15/2011 4/18/2011 4/19/2011 4/20/2011 4/21/2011 4/25/2011 4/26/2011 4/27/2011 Page 52
  • 53. Price to book 1,334.30 466.395538 1,286.00 466.679735 1,275.90 466.963932 1,230.70 467.248129 1,232.90 467.532326 1,209.20 467.816523 1,253.90 468.10072 1,236.70 468.384917 1,228.95 468.669114 1,227.70 468.953311 1,204.15 469.237508 1,244.90 469.521705 1,223.30 469.805902 1,217.75 470.090099 1,216.15 470.374296 1,213.35 470.658493 1,222.25 470.94269 1,187.25 471.226887 1,201.70 471.511084 1,180.75 471.795281 1,205.85 472.079478 1,218.95 472.363675 1,245.75 472.647872 1,278.60 472.932069 1,275.30 473.216266 1,276.55 473.500463 1,243.65 473.78466 1,235.45 474.068857 1,244.60 474.353054 1,228.45 474.637251 1,246.05 474.921448 1,235.65 475.205645 1,236.80 475.489842 1,258.35 475.774039 1,223.95 476.058236 1,218.80 476.342433 1,223.35 476.62663 1,224.05 476.910827 1,241.00 477.195024 1,254.65 477.479221 1,244.00 477.763418 1,272.55 478.047615 1,304.55 478.331812 1,301.45 478.61601 4/28/2011 4/29/2011 5/2/2011 5/3/2011 5/4/2011 5/5/2011 5/6/2011 5/9/2011 5/10/2011 5/11/2011 5/12/2011 5/13/2011 5/16/2011 5/17/2011 5/18/2011 5/19/2011 5/20/2011 5/23/2011 5/24/2011 5/25/2011 5/26/2011 5/27/2011 5/30/2011 5/31/2011 6/1/2011 6/2/2011 6/3/2011 6/6/2011 6/7/2011 6/8/2011 6/9/2011 6/10/2011 6/13/2011 6/14/2011 6/15/2011 6/16/2011 6/17/2011 6/20/2011 6/21/2011 6/22/2011 6/23/2011 6/24/2011 6/27/2011 6/28/2011 Page 53
  • 54. Price to book 1,293.70 478.900207 1,289.00 479.184404 1,310.70 479.468601 1,333.05 479.752798 1,326.55 480.036995 1,310.95 480.321192 1,331.60 480.605389 1,307.30 480.889586 1,264.20 481.173783 1,266.55 481.45798 1,274.15 481.742177 1,279.20 482.026374 1,267.90 482.310571 1,263.80 482.594768 1,272.70 482.878965 1,259.65 483.163162 1,239.40 483.447359 1,296.95 483.731556 1,337.20 484.015753 1,319.85 484.29995 1,300.10 484.584147 1,297.85 484.868344 1,338.15 485.152541 1,352.00 485.436738 1,343.10 485.720935 1,308.20 486.005132 1,285.00 486.289329 1,244.25 486.573526 1,237.00 486.857723 1,210.50 487.14192 1,248.45 487.426117 487.710314 487.994511 488.278708 488.562905 488.847102 489.131299 489.415496 489.699693 489.98389 490.268087 490.552284 490.836481 491.120678 6/29/2011 6/30/2011 7/1/2011 7/4/2011 7/5/2011 7/6/2011 7/7/2011 7/8/2011 7/11/2011 7/12/2011 7/13/2011 7/14/2011 7/15/2011 7/18/2011 7/19/2011 7/20/2011 7/21/2011 7/22/2011 7/25/2011 7/26/2011 7/27/2011 7/28/2011 7/29/2011 8/1/2011 8/2/2011 8/3/2011 8/4/2011 8/5/2011 8/8/2011 8/9/2011 8/10/2011 8/11/2011 8/12/2011 8/13/2011 8/14/2011 8/15/2011 8/16/2011 8/17/2011 8/18/2011 8/19/2011 8/20/2011 8/21/2011 8/22/2011 8/23/2011 Page 54
  • 55. Price to book 491.404876 491.689073 491.97327 492.257467 492.541664 492.825861 493.110058 493.394255 493.678452 493.962649 494.246846 494.531043 494.81524 495.099437 495.383634 495.667831 495.952028 496.236225 496.520422 496.804619 497.088816 497.373013 497.65721 497.941407 498.225604 498.509801 498.793998 499.078195 499.362392 499.646589 499.930786 500.214983 500.49918 500.783377 501.067574 501.351771 501.635968 501.920165 502.204362 502.488559 502.772756 503.056953 503.34115 503.625347 8/24/2011 8/25/2011 8/26/2011 8/27/2011 8/28/2011 8/29/2011 8/30/2011 8/31/2011 9/1/2011 9/2/2011 9/3/2011 9/4/2011 9/5/2011 9/6/2011 9/7/2011 9/8/2011 9/9/2011 9/10/2011 9/11/2011 9/12/2011 9/13/2011 9/14/2011 9/15/2011 9/16/2011 9/17/2011 9/18/2011 9/19/2011 9/20/2011 9/21/2011 9/22/2011 9/23/2011 9/24/2011 9/25/2011 9/26/2011 9/27/2011 9/28/2011 9/29/2011 9/30/2011 10/1/2011 10/2/2011 10/3/2011 10/4/2011 10/5/2011 10/6/2011 Page 55
  • 56. Price to book 503.909544 504.193741 504.477939 504.762136 505.046333 505.33053 505.614727 505.898924 506.183121 506.467318 506.751515 507.035712 507.319909 507.604106 507.888303 508.1725 508.456697 508.740894 509.025091 509.309288 509.593485 509.877682 510.161879 510.446076 510.730273 511.01447 511.298667 511.582864 511.867061 512.151258 512.435455 512.719652 513.003849 513.288046 513.572243 513.85644 514.140637 514.424834 514.709031 514.993228 515.277425 515.561622 515.845819 516.130016 10/7/2011 10/8/2011 10/9/2011 10/10/2011 10/11/2011 10/12/2011 10/13/2011 10/14/2011 10/15/2011 10/16/2011 10/17/2011 10/18/2011 10/19/2011 10/20/2011 10/21/2011 10/22/2011 10/23/2011 10/24/2011 10/25/2011 10/26/2011 10/27/2011 10/28/2011 10/29/2011 10/30/2011 10/31/2011 11/1/2011 11/2/2011 11/3/2011 11/4/2011 11/5/2011 11/6/2011 11/7/2011 11/8/2011 11/9/2011 11/10/2011 11/11/2011 11/12/2011 11/13/2011 11/14/2011 11/15/2011 11/16/2011 11/17/2011 11/18/2011 11/19/2011 Page 56
  • 57. Price to book 516.414213 516.69841 516.982607 517.266805 517.551002 517.835199 518.119396 518.403593 518.68779 518.971987 519.256184 519.540381 519.824578 520.108775 520.392972 520.677169 520.961366 521.245563 521.52976 521.813957 522.098154 522.382351 522.666548 522.950745 523.234942 523.519139 523.803336 524.087533 524.37173 524.655927 524.940124 525.224321 525.508518 525.792715 526.076912 526.361109 526.645306 526.929503 527.2137 527.497897 527.782094 528.066291 528.350488 528.634685 11/20/2011 11/21/2011 11/22/2011 11/23/2011 11/24/2011 11/25/2011 11/26/2011 11/27/2011 11/28/2011 11/29/2011 11/30/2011 12/1/2011 12/2/2011 12/3/2011 12/4/2011 12/5/2011 12/6/2011 12/7/2011 12/8/2011 12/9/2011 12/10/2011 12/11/2011 12/12/2011 12/13/2011 12/14/2011 12/15/2011 12/16/2011 12/17/2011 12/18/2011 12/19/2011 12/20/2011 12/21/2011 12/22/2011 12/23/2011 12/24/2011 12/25/2011 12/26/2011 12/27/2011 12/28/2011 12/29/2011 12/30/2011 12/31/2011 1/1/2012 1/2/2012 Page 57
  • 58. Price to book 528.918882 529.203079 529.487276 529.771473 530.055671 530.339868 530.624065 530.908262 531.192459 531.476656 531.760853 532.04505 532.329247 532.613444 532.897641 533.181838 533.466035 533.750232 534.034429 534.318626 534.602823 534.88702 535.171217 535.455414 535.739611 536.023808 536.308005 536.592202 536.876399 537.160596 537.444793 537.72899 538.013187 538.297384 538.581581 538.865778 539.149975 539.434172 539.718369 540.002566 540.286763 540.57096 540.855157 541.139354 1/3/2012 1/4/2012 1/5/2012 1/6/2012 1/7/2012 1/8/2012 1/9/2012 1/10/2012 1/11/2012 1/12/2012 1/13/2012 1/14/2012 1/15/2012 1/16/2012 1/17/2012 1/18/2012 1/19/2012 1/20/2012 1/21/2012 1/22/2012 1/23/2012 1/24/2012 1/25/2012 1/26/2012 1/27/2012 1/28/2012 1/29/2012 1/30/2012 1/31/2012 2/1/2012 2/2/2012 2/3/2012 2/4/2012 2/5/2012 2/6/2012 2/7/2012 2/8/2012 2/9/2012 2/10/2012 2/11/2012 2/12/2012 2/13/2012 2/14/2012 2/15/2012 Page 58
  • 59. Price to book 541.423551 541.707748 541.991945 542.276142 542.560339 542.844537 543.128734 543.412931 543.697128 543.981325 544.265522 544.549719 544.833916 545.118113 545.40231 545.686507 545.970704 546.254901 546.539098 546.823295 547.107492 547.391689 547.675886 547.960083 548.24428 548.528477 548.812674 549.096871 549.381068 549.665265 549.949462 550.233659 550.517856 550.802053 551.08625 551.370447 551.654644 551.938841 552.223038 552.507235 552.791432 553.075629 553.359826 553.644023 2/16/2012 2/17/2012 2/18/2012 2/19/2012 2/20/2012 2/21/2012 2/22/2012 2/23/2012 2/24/2012 2/25/2012 2/26/2012 2/27/2012 2/28/2012 2/29/2012 3/1/2012 3/2/2012 3/3/2012 3/4/2012 3/5/2012 3/6/2012 3/7/2012 3/8/2012 3/9/2012 3/10/2012 3/11/2012 3/12/2012 3/13/2012 3/14/2012 3/15/2012 3/16/2012 3/17/2012 3/18/2012 3/28/2012 3/29/2012 3/30/2012 3/19/2012 3/20/2012 3/21/2012 3/22/2012 3/23/2012 3/24/2012 3/25/2012 3/26/2012 3/27/2012 Page 59
  • 60. Price to book 555.1339322 553.928223/31/2012 4/1/2012 4/2/2012 4/3/2012 Page 60
  • 61. Price to book X CMP 1X 2X 3X 2007 2008 2009 2010 2011 2012 120.49 245.13 284.50 395.99 462.77 555.13 Date Price 1.0 2 3.0 460.00 120.485 240.97 361.455 465.35 120.98159 241.963179 362.944769 458.55 121.478179 242.956359 364.434538 451.30 121.974769 243.949538 365.924307 499.50 122.471359 244.942717 367.414076 489.20 122.967948 245.935896 368.903845 467.65 123.464538 246.929076 370.393614 463.10 123.961127 247.922255 371.883382 469.05 124.457717 248.915434 373.373151 469.30 124.954307 249.908614 374.86292 465.80 125.450896 250.901793 376.352689 470.45 125.947486 251.894972 377.842458 464.40 126.444076 252.888151 379.332227 465.05 126.940665 253.881331 380.821996 463.20 127.437255 254.87451 382.311765 468.15 127.933845 255.867689 383.801534 467.10 128.430434 256.860869 385.291303 465.30 128.927024 257.854048 386.781072 455.55 129.423614 258.847227 388.270841 467.85 129.920203 259.840406 389.76061 474.25 130.416793 260.833586 391.250378 480.40 130.913382 261.826765 392.740147 506.15 131.409972 262.819944 394.229916 507.05 131.906562 263.813124 395.719685 516.55 132.403151 264.806303 397.209454 524.05 132.899741 265.799482 398.699223 520.45 133.396331 266.792661 400.188992 525.25 133.89292 267.785841 401.678761 535.25 134.38951 268.77902 403.16853 541.15 134.8861 269.772199 404.658299 541.10 135.382689 270.765378 406.148068 536.65 135.879279 271.758558 407.637837 553.80 136.375869 272.751737 409.127606 567.55 136.872458 273.744916 410.617375 580.65 137.369048 274.738096 412.107143 570.55 137.865637 275.731275 413.596912 564.30 138.362227 276.724454 415.086681 554.50 138.858817 277.717633 416.57645 562.45 139.355406 278.710813 418.066219 563.05 139.851996 279.703992 419.555988 02 Apr 07 03 Apr 07 04 Apr 07 05 Apr 07 09 Apr 07 10 Apr 07 11 Apr 07 12 Apr 07 13 Apr 07 16 Apr 07 17 Apr 07 18 Apr 07 19 Apr 07 20 Apr 07 23 Apr 07 24 Apr 07 25 Apr 07 26 Apr 07 27 Apr 07 30 Apr 07 03 May 07 04 May 07 07 May 07 08 May 07 09 May 07 10 May 07 11 May 07 14 May 07 15 May 07 16 May 07 17 May 07 18 May 07 21 May 07 22 May 07 23 May 07 24 May 07 25 May 07 28 May 07 29 May 07 30 May 07 0.00 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 02/04/2007 02/04/2008 02/04/2009 02/04/2010 02/04/2011 CMP 1X 2X 3X 4X 5X Page 61
  • 62. Price to book 579.55 140.348586 280.697171 421.045757 576.15 140.845175 281.690351 422.535526 576.20 141.341765 282.68353 424.025295 577.90 141.838355 283.676709 425.515064 575.85 142.334944 284.669888 427.004833 570.00 142.831534 285.663068 428.494602 559.35 143.328124 286.656247 429.984371 564.75 143.824713 287.649426 431.474139 588.05 144.321303 288.642606 432.963908 585.05 144.817892 289.635785 434.453677 585.70 145.314482 290.628964 435.943446 596.65 145.811072 291.622143 437.433215 609.40 146.307661 292.615323 438.922984 612.90 146.804251 293.608502 440.412753 620.75 147.300841 294.601681 441.902522 616.45 147.79743 295.594861 443.392291 614.90 148.29402 296.58804 444.88206 616.55 148.79061 297.581219 446.371829 599.90 149.287199 298.574398 447.861598 589.40 149.783789 299.567578 449.351367 580.30 150.280378 300.560757 450.841135 605.00 150.776968 301.553936 452.330904 607.10 151.273558 302.547116 453.820673 623.45 151.770147 303.540295 455.310442 617.85 152.266737 304.533474 456.800211 630.05 152.763327 305.526653 458.28998 628.80 153.259916 306.519833 459.779749 632.55 153.756506 307.513012 461.269518 630.60 154.253096 308.506191 462.759287 632.50 154.749685 309.499371 464.249056 641.10 155.246275 310.49255 465.738825 641.25 155.742865 311.485729 467.228594 645.65 156.239454 312.478908 468.718363 650.50 156.736044 313.472088 470.208131 655.00 157.232633 314.465267 471.6979 649.90 157.729223 315.458446 473.187669 649.20 158.225813 316.451625 474.677438 624.80 158.722402 317.444805 476.167207 613.80 159.218992 318.437984 477.656976 617.85 159.715582 319.431163 479.146745 613.55 160.212171 320.424343 480.636514 608.75 160.708761 321.417522 482.126283 639.00 161.205351 322.410701 483.616052 626.70 161.70194 323.40388 485.105821 31 May 07 01 Jun 07 04 Jun 07 05 Jun 07 06 Jun 07 07 Jun 07 08 Jun 07 11 Jun 07 12 Jun 07 13 Jun 07 14 Jun 07 15 Jun 07 18 Jun 07 19 Jun 07 20 Jun 07 21 Jun 07 22 Jun 07 25 Jun 07 26 Jun 07 27 Jun 07 28 Jun 07 29 Jun 07 02 Jul 07 03 Jul 07 04 Jul 07 05 Jul 07 06 Jul 07 09 Jul 07 10 Jul 07 11 Jul 07 12 Jul 07 13 Jul 07 16 Jul 07 17 Jul 07 18 Jul 07 19 Jul 07 20 Jul 07 23 Jul 07 24 Jul 07 25 Jul 07 26 Jul 07 27 Jul 07 30 Jul 07 31 Jul 07 Page 62
  • 63. Price to book 617.75 162.19853 324.39706 486.59559 620.40 162.69512 325.390239 488.085359 620.70 163.191709 326.383418 489.575127 620.15 163.688299 327.376598 491.064896 615.05 164.184888 328.369777 492.554665 625.90 164.681478 329.362956 494.044434 606.80 165.178068 330.356135 495.534203 590.05 165.674657 331.349315 497.023972 600.25 166.171247 332.342494 498.513741 596.15 166.667837 333.335673 500.00351 559.00 167.164426 334.328853 501.493279 574.65 167.661016 335.322032 502.983048 603.95 168.157606 336.315211 504.472817 588.00 168.654195 337.30839 505.962586 585.70 169.150785 338.30157 507.452355 582.30 169.647375 339.294749 508.942124 571.80 170.143964 340.287928 510.431892 577.15 170.640554 341.281108 511.921661 597.60 171.137143 342.274287 513.41143 612.05 171.633733 343.267466 514.901199 629.75 172.130323 344.260645 516.390968 634.10 172.626912 345.253825 517.880737 635.35 173.123502 346.247004 519.370506 658.65 173.620092 347.240183 520.860275 667.60 174.116681 348.233363 522.350044 659.70 174.613271 349.226542 523.839813 651.70 175.109861 350.219721 525.329582 649.35 175.60645 351.2129 526.819351 646.90 176.10304 352.20608 528.30912 646.65 176.599629 353.199259 529.798888 659.35 177.096219 354.192438 531.288657 649.35 177.592809 355.185618 532.778426 658.05 178.089398 356.178797 534.268195 660.20 178.585988 357.171976 535.757964 684.85 179.082578 358.165155 537.247733 705.20 179.579167 359.158335 538.737502 709.85 180.075757 360.151514 540.227271 728.15 180.572347 361.144693 541.71704 737.85 181.068936 362.137873 543.206809 756.00 181.565526 363.131052 544.696578 768.15 182.062116 364.124231 546.186347 764.40 182.558705 365.11741 547.676116 750.50 183.055295 366.11059 549.165884 755.15 183.551884 367.103769 550.655653 01 Aug 07 02 Aug 07 03 Aug 07 06 Aug 07 07 Aug 07 08 Aug 07 09 Aug 07 10 Aug 07 13 Aug 07 14 Aug 07 16 Aug 07 17 Aug 07 20 Aug 07 21 Aug 07 22 Aug 07 23 Aug 07 24 Aug 07 27 Aug 07 28 Aug 07 29 Aug 07 30 Aug 07 31 Aug 07 03 Sep 07 04 Sep 07 05 Sep 07 06 Sep 07 07 Sep 07 10 Sep 07 11 Sep 07 12 Sep 07 13 Sep 07 14 Sep 07 17 Sep 07 18 Sep 07 19 Sep 07 20 Sep 07 21 Sep 07 24 Sep 07 25 Sep 07 26 Sep 07 27 Sep 07 28 Sep 07 01 Oct 07 03 Oct 07 Page 63
  • 64. Price to book 752.00 184.048474 368.096948 552.145422 737.20 184.545064 369.090127 553.635191 716.15 185.041653 370.083307 555.12496 727.80 185.538243 371.076486 556.614729 762.75 186.034833 372.069665 558.104498 758.75 186.531422 373.062845 559.594267 743.15 187.028012 374.056024 561.084036 813.35 187.524602 375.049203 562.573805 882.85 188.021191 376.042382 564.063574 872.25 188.517781 377.035562 565.553343 855.25 189.014371 378.028741 567.043112 832.35 189.51096 379.02192 568.53288 821.80 190.00755 380.0151 570.022649 869.35 190.504139 381.008279 571.512418 866.40 191.000729 382.001458 573.002187 868.90 191.497319 382.994637 574.491956 919.00 191.993908 383.987817 575.981725 925.45 192.490498 384.980996 577.471494 909.05 192.987088 385.974175 578.961263 918.80 193.483677 386.967355 580.451032 913.20 193.980267 387.960534 581.940801 929.20 194.476857 388.953713 583.43057 976.70 194.973446 389.946892 584.920339 942.30 195.470036 390.940072 586.410108 937.15 195.966625 391.933251 587.899876 920.10 196.463215 392.92643 589.389645 914.75 196.959805 393.91961 590.879414 894.30 197.456394 394.912789 592.369183 949.30 197.952984 395.905968 593.858952 989.15 198.449574 396.899147 595.348721 962.60 198.946163 397.892327 596.83849 974.60 199.442753 398.885506 598.328259 981.70 199.939343 399.878685 599.818028 996.75 200.435932 400.871865 601.307797 939.60 200.932522 401.865044 602.797566 924.75 201.429112 402.858223 604.287335 929.95 201.925701 403.851402 605.777104 936.80 202.422291 404.844582 607.266873 934.80 202.91888 405.837761 608.756641 908.50 203.41547 406.83094 610.24641 918.75 203.91206 407.82412 611.736179 931.25 204.408649 408.817299 613.225948 941.00 204.905239 409.810478 614.715717 943.10 205.401829 410.803657 616.205486 04 Oct 07 05 Oct 07 08 Oct 07 09 Oct 07 10 Oct 07 11 Oct 07 12 Oct 07 15 Oct 07 16 Oct 07 17 Oct 07 18 Oct 07 19 Oct 07 22 Oct 07 23 Oct 07 24 Oct 07 25 Oct 07 26 Oct 07 29 Oct 07 30 Oct 07 31 Oct 07 01 Nov 07 02 Nov 07 05 Nov 07 06 Nov 07 07 Nov 07 08 Nov 07 09 Nov 07 12 Nov 07 13 Nov 07 14 Nov 07 15 Nov 07 16 Nov 07 19 Nov 07 20 Nov 07 21 Nov 07 22 Nov 07 23 Nov 07 26 Nov 07 27 Nov 07 28 Nov 07 29 Nov 07 30 Nov 07 03 Dec 07 04 Dec 07 Page 64
  • 65. Price to book 942.40 205.898418 411.796837 617.695255 926.75 206.395008 412.790016 619.185024 935.20 206.891598 413.783195 620.674793 937.45 207.388187 414.776375 622.164562 939.65 207.884777 415.769554 623.654331 942.60 208.381367 416.762733 625.1441 968.65 208.877956 417.755912 626.633869 993.90 209.374546 418.749092 628.123637 978.95 209.871135 419.742271 629.613406 953.05 210.367725 420.73545 631.103175 942.15 210.864315 421.728629 632.592944 932.10 211.360904 422.721809 634.082713 947.85 211.857494 423.714988 635.572482 971.80 212.354084 424.708167 637.062251 959.55 212.850673 425.701347 638.55202 976.95 213.347263 426.694526 640.041789 967.10 213.843853 427.687705 641.531558 973.00 214.340442 428.680884 643.021327 1,033.90 214.837032 429.674064 644.511096 1,035.45 215.333622 430.667243 646.000865 1,056.45 215.830211 431.660422 647.490633 1,089.50 216.326801 432.653602 648.980402 1,068.65 216.82339 433.646781 650.470171 1,095.60 217.31998 434.63996 651.95994 1,086.45 217.81657 435.633139 653.449709 1,167.45 218.313159 436.626319 654.939478 1,265.20 218.809749 437.619498 656.429247 1,207.90 219.306339 438.612677 657.919016 1,164.55 219.802928 439.605857 659.408785 1,159.65 220.299518 440.599036 660.898554 1,112.75 220.796108 441.592215 662.388323 1,056.75 221.292697 442.585394 663.878092 985.95 221.789287 443.578574 665.367861 1,022.60 222.285876 444.571753 666.857629 1,005.75 222.782466 445.564932 668.347398 1,098.30 223.279056 446.558112 669.837167 1,138.50 223.775645 447.551291 671.326936 1,136.90 224.272235 448.54447 672.816705 1,100.75 224.768825 449.537649 674.306474 1,110.80 225.265414 450.530829 675.796243 1,087.80 225.762004 451.524008 677.286012 1,089.25 226.258594 452.517187 678.775781 1,058.70 226.755183 453.510367 680.26555 1,083.45 227.251773 454.503546 681.755319 05 Dec 07 06 Dec 07 07 Dec 07 10 Dec 07 11 Dec 07 12 Dec 07 13 Dec 07 14 Dec 07 17 Dec 07 18 Dec 07 19 Dec 07 20 Dec 07 24 Dec 07 26 Dec 07 27 Dec 07 28 Dec 07 31 Dec 07 01 Jan 08 02 Jan 08 03 Jan 08 04 Jan 08 07 Jan 08 08 Jan 08 09 Jan 08 10 Jan 08 11 Jan 08 14 Jan 08 15 Jan 08 16 Jan 08 17 Jan 08 18 Jan 08 21 Jan 08 22 Jan 08 23 Jan 08 24 Jan 08 25 Jan 08 28 Jan 08 29 Jan 08 30 Jan 08 31 Jan 08 01 Feb 08 04 Feb 08 05 Feb 08 06 Feb 08 Page 65
  • 66. Price to book 1,033.80 227.748363 455.496725 683.245088 980.85 228.244952 456.489904 684.734857 928.10 228.741542 457.483084 686.224625 989.80 229.238131 458.476263 687.714394 969.10 229.734721 459.469442 689.204163 994.50 230.231311 460.462622 690.693932 1,026.90 230.7279 461.455801 692.183701 1,051.25 231.22449 462.44898 693.67347 1,040.30 231.72108 463.442159 695.163239 1,004.20 232.217669 464.435339 696.653008 1,001.80 232.714259 465.428518 698.142777 970.50 233.210849 466.421697 699.632546 956.50 233.707438 467.414876 701.122315 959.80 234.204028 468.408056 702.612084 988.05 234.700618 469.401235 704.101853 1,003.60 235.197207 470.394414 705.591622 1,018.75 235.693797 471.387594 707.08139 940.30 236.190386 472.380773 708.571159 909.10 236.686976 473.373952 710.060928 899.25 237.183566 474.367131 711.550697 840.10 237.680155 475.360311 713.040466 805.75 238.176745 476.35349 714.530235 833.70 238.673335 477.346669 716.020004 863.35 239.169924 478.339849 717.509773 802.95 239.666514 479.333028 718.999542 860.60 240.163104 480.326207 720.489311 792.85 240.659693 481.319386 721.97908 782.10 241.156283 482.312566 723.468849 747.25 241.652873 483.305745 724.958618 718.35 242.149462 484.298924 726.448386 792.15 242.646052 485.292104 727.938155 826.55 243.142641 486.285283 729.427924 793.25 243.639231 487.278462 730.917693 804.90 244.135821 488.271641 732.407462 781.15 244.63241 489.264821 733.897231 721.10 244.63241 489.264821 733.897231 743.00 244.794419 489.588837 734.383256 745.55 244.956427 489.912854 734.86928 714.75 245.118435 490.23687 735.355305 750.80 245.280443 490.560887 735.84133 760.95 245.442452 490.884903 736.327355 796.10 245.60446 491.208919 736.813379 777.30 245.766468 491.532936 737.299404 761.70 245.928476 491.856952 737.785429 07 Feb 08 08 Feb 08 11 Feb 08 12 Feb 08 13 Feb 08 14 Feb 08 15 Feb 08 18 Feb 08 19 Feb 08 20 Feb 08 21 Feb 08 22 Feb 08 25 Feb 08 26 Feb 08 27 Feb 08 28 Feb 08 29 Feb 08 03 Mar 08 04 Mar 08 05 Mar 08 07 Mar 08 10 Mar 08 11 Mar 08 12 Mar 08 13 Mar 08 14 Mar 08 17 Mar 08 18 Mar 08 19 Mar 08 24 Mar 08 25 Mar 08 26 Mar 08 27 Mar 08 28 Mar 08 31 Mar 08 01 Apr 08 02 Apr 08 03 Apr 08 04 Apr 08 07 Apr 08 08 Apr 08 09 Apr 08 10 Apr 08 11 Apr 08 Page 66
  • 67. Price to book 774.90 246.090484 492.180969 738.271453 786.80 246.252493 492.504985 738.757478 824.75 246.414501 492.829002 739.243503 881.10 246.576509 493.153018 739.729527 910.60 246.738517 493.477035 740.215552 897.25 246.900526 493.801051 740.701577 891.90 247.062534 494.125068 741.187601 906.60 247.224542 494.449084 741.673626 919.15 247.38655 494.773101 742.159651 944.30 247.548559 495.097117 742.645676 924.30 247.710567 495.421133 743.1317 933.20 247.872575 495.74515 743.617725 946.90 248.034583 496.069166 744.10375 947.85 248.196591 496.393183 744.589774 907.15 248.3586 496.717199 745.075799 863.35 248.520608 497.041216 745.561824 836.30 248.682616 497.365232 746.047848 877.20 248.844624 497.689249 746.533873 869.25 249.006633 498.013265 747.019898 865.40 249.168641 498.337282 747.505922 894.00 249.330649 498.661298 747.991947 901.65 249.492657 498.985315 748.477972 869.40 249.654666 499.309331 748.963997 869.50 249.816674 499.633347 749.450021 828.40 249.978682 499.957364 749.936046 799.85 250.14069 500.28138 750.422071 762.95 250.302698 500.605397 750.908095 740.40 250.464707 500.929413 751.39412 810.80 250.626715 501.25343 751.880145 783.30 250.788723 501.577446 752.366169 794.05 250.950731 501.901463 752.852194 750.00 251.11274 502.225479 753.338219 757.30 251.274748 502.549496 753.824243 739.40 251.436756 502.873512 754.310268 770.40 251.598764 503.197529 754.796293 760.20 251.760772 503.521545 755.282317 704.10 251.922781 503.845561 755.768342 681.20 252.084789 504.169578 756.254367 703.70 252.246797 504.493594 756.740392 715.80 252.408805 504.817611 757.226416 704.35 252.570814 505.141627 757.712441 736.15 252.732822 505.465644 758.198466 794.20 252.89483 505.78966 758.68449 753.25 253.056838 506.113677 759.170515 15 Apr 08 16 Apr 08 17 Apr 08 21 Apr 08 22 Apr 08 23 Apr 08 24 Apr 08 25 Apr 08 28 Apr 08 29 Apr 08 30 Apr 08 02 May 08 05 May 08 06 May 08 07 May 08 08 May 08 09 May 08 12 May 08 13 May 08 14 May 08 15 May 08 16 May 08 20 May 08 21 May 08 22 May 08 23 May 08 26 May 08 27 May 08 28 May 08 29 May 08 30 May 08 02 Jun 08 03 Jun 08 04 Jun 08 05 Jun 08 06 Jun 08 09 Jun 08 10 Jun 08 11 Jun 08 12 Jun 08 13 Jun 08 16 Jun 08 17 Jun 08 18 Jun 08 Page 67
  • 68. Price to book 718.10 253.218847 506.437693 759.65654 705.10 253.380855 506.76171 760.142564 699.00 253.542863 507.085726 760.628589 678.90 253.704871 507.409743 761.114614 686.95 253.866879 507.733759 761.600638 676.25 254.028888 508.057775 762.086663 628.95 254.190896 508.381792 762.572688 603.65 254.352904 508.705808 763.058713 592.30 254.514912 509.029825 763.544737 635.85 254.676921 509.353841 764.030762 579.75 254.838929 509.677858 764.516787 599.55 255.000937 510.001874 765.002811 602.90 255.162945 510.325891 765.488836 608.40 255.324954 510.649907 765.974861 669.75 255.486962 510.973924 766.460885 679.00 255.64897 511.29794 766.94691 669.60 255.810978 511.621957 767.432935 635.80 255.972986 511.945973 767.918959 596.55 256.134995 512.269989 768.404984 584.45 256.297003 512.594006 768.891009 635.50 256.459011 512.918022 769.377034 686.80 256.621019 513.242039 769.863058 697.60 256.783028 513.566055 770.349083 740.05 256.945036 513.890072 770.835108 765.40 257.107044 514.214088 771.321132 761.55 257.269052 514.538105 771.807157 712.50 257.431061 514.862121 772.293182 697.20 257.593069 515.186138 772.779206 620.10 257.755077 515.510154 773.265231 679.60 257.917085 515.834171 773.751256 653.85 258.079093 516.158187 774.23728 680.30 258.241102 516.482203 774.723305 706.05 258.40311 516.80622 775.20933 760.85 258.565118 517.130236 775.695355 743.95 258.727126 517.454253 776.181379 748.50 258.889135 517.778269 776.667404 734.85 259.051143 518.102286 777.153429 759.80 259.213151 518.426302 777.639453 721.55 259.375159 518.750319 778.125478 725.20 259.537168 519.074335 778.611503 700.15 259.699176 519.398352 779.097527 691.55 259.861184 519.722368 779.583552 679.75 260.023192 520.046385 780.069577 673.65 260.1852 520.370401 780.555601 19 Jun 08 20 Jun 08 23 Jun 08 24 Jun 08 25 Jun 08 26 Jun 08 27 Jun 08 30 Jun 08 01 Jul 08 02 Jul 08 03 Jul 08 04 Jul 08 07 Jul 08 08 Jul 08 09 Jul 08 10 Jul 08 11 Jul 08 14 Jul 08 15 Jul 08 16 Jul 08 17 Jul 08 18 Jul 08 21 Jul 08 22 Jul 08 23 Jul 08 24 Jul 08 25 Jul 08 28 Jul 08 29 Jul 08 30 Jul 08 31 Jul 08 01 Aug 08 04 Aug 08 05 Aug 08 06 Aug 08 07 Aug 08 08 Aug 08 11 Aug 08 12 Aug 08 13 Aug 08 14 Aug 08 18 Aug 08 19 Aug 08 20 Aug 08 Page 68
  • 69. Price to book 648.60 260.347209 520.694417 781.041626 679.40 260.509217 521.018434 781.527651 685.35 260.671225 521.34245 782.013676 680.00 260.833233 521.666467 782.4997 677.55 260.995242 521.990483 782.985725 670.65 261.15725 522.3145 783.47175 723.30 261.319258 522.638516 783.957774 722.95 261.481266 522.962533 784.443799 759.65 261.643275 523.286549 784.929824 734.90 261.805283 523.610566 785.415848 686.55 261.967291 523.934582 785.901873 710.85 262.129299 524.258598 786.387898 709.70 262.291307 524.582615 786.873922 710.95 262.453316 524.906631 787.359947 703.90 262.615324 525.230648 787.845972 692.70 262.777332 525.554664 788.331997 657.25 262.93934 525.878681 788.818021 696.55 263.101349 526.202697 789.304046 666.85 263.263357 526.526714 789.790071 678.60 263.425365 526.85073 790.276095 708.85 263.587373 527.174747 790.76212 703.15 263.749382 527.498763 791.248145 684.75 263.91139 527.82278 791.734169 710.50 264.073398 528.146796 792.220194 721.25 264.235406 528.470812 792.706219 705.15 264.397414 528.794829 793.192243 671.60 264.559423 529.118845 793.678268 720.50 264.721431 529.442862 794.164293 734.80 264.883439 529.766878 794.650317 702.90 265.045447 530.090895 795.136342 678.10 265.207456 530.414911 795.622367 680.15 265.369464 530.738928 796.108392 643.65 265.531472 531.062944 796.594416 552.30 265.69348 531.386961 797.080441 662.90 265.855489 531.710977 797.566466 638.70 266.017497 532.034994 798.05249 618.25 266.179505 532.35901 798.538515 622.85 266.341513 532.683026 799.02454 619.30 266.503521 533.007043 799.510564 617.20 266.66553 533.331059 799.996589 657.55 266.827538 533.655076 800.482614 630.95 266.989546 533.979092 800.968638 622.25 267.151554 534.303109 801.454663 534.30 267.313563 534.627125 801.940688 21 Aug 08 22 Aug 08 25 Aug 08 26 Aug 08 27 Aug 08 28 Aug 08 29 Aug 08 01 Sep 08 02 Sep 08 04 Sep 08 05 Sep 08 08 Sep 08 09 Sep 08 10 Sep 08 11 Sep 08 12 Sep 08 15 Sep 08 16 Sep 08 17 Sep 08 18 Sep 08 19 Sep 08 22 Sep 08 23 Sep 08 24 Sep 08 25 Sep 08 26 Sep 08 29 Sep 08 30 Sep 08 01 Oct 08 03 Oct 08 06 Oct 08 07 Oct 08 08 Oct 08 10 Oct 08 13 Oct 08 14 Oct 08 15 Oct 08 16 Oct 08 17 Oct 08 20 Oct 08 21 Oct 08 22 Oct 08 23 Oct 08 24 Oct 08 Page 69
  • 70. Price to book 537.60 267.475571 534.951142 802.426713 568.65 267.637579 535.275158 802.912737 527.80 267.799587 535.599175 803.398762 562.60 267.961596 535.923191 803.884787 602.30 268.123604 536.247208 804.370811 640.80 268.285612 536.571224 804.856836 603.85 268.44762 536.89524 805.342861 582.65 268.609628 537.219257 805.828885 581.00 268.771637 537.543273 806.31491 608.85 268.933645 537.86729 806.800935 564.10 269.095653 538.191306 807.286959 525.65 269.257661 538.515323 807.772984 494.85 269.41967 538.839339 808.259009 455.75 269.581678 539.163356 808.745034 437.40 269.743686 539.487372 809.231058 427.40 269.905694 539.811389 809.717083 406.05 270.067703 540.135405 810.203108 411.75 270.229711 540.459422 810.689132 397.60 270.391719 540.783438 811.175157 381.95 270.553727 541.107454 811.661182 405.05 270.715735 541.431471 812.147206 406.85 270.877744 541.755487 812.633231 413.05 271.039752 542.079504 813.119256 428.80 271.20176 542.40352 813.60528 432.95 271.363768 542.727537 814.091305 455.20 271.525777 543.051553 814.57733 443.10 271.687785 543.37557 815.063355 451.50 271.849793 543.699586 815.549379 462.75 272.011801 544.023603 816.035404 457.60 272.17381 544.347619 816.521429 469.00 272.335818 544.671636 817.007453 485.55 272.497826 544.995652 817.493478 500.75 272.659834 545.319668 817.979503 497.40 272.821842 545.643685 818.465527 538.30 272.983851 545.967701 818.951552 545.70 273.145859 546.291718 819.437577 536.85 273.307867 546.615734 819.923601 498.90 273.469875 546.939751 820.409626 489.20 273.631884 547.263767 820.895651 481.75 273.793892 547.587784 821.381676 494.80 273.9559 547.9118 821.8677 510.40 274.117908 548.235817 822.353725 504.65 274.279917 548.559833 822.83975 517.25 274.441925 548.88385 823.325774 27 Oct 08 28 Oct 08 29 Oct 08 31 Oct 08 03 Nov 08 04 Nov 08 05 Nov 08 06 Nov 08 07 Nov 08 10 Nov 08 11 Nov 08 12 Nov 08 14 Nov 08 17 Nov 08 18 Nov 08 19 Nov 08 20 Nov 08 21 Nov 08 24 Nov 08 25 Nov 08 26 Nov 08 28 Nov 08 01 Dec 08 02 Dec 08 03 Dec 08 04 Dec 08 05 Dec 08 08 Dec 08 10 Dec 08 11 Dec 08 12 Dec 08 15 Dec 08 16 Dec 08 17 Dec 08 18 Dec 08 19 Dec 08 22 Dec 08 23 Dec 08 24 Dec 08 26 Dec 08 29 Dec 08 30 Dec 08 31 Dec 08 01 Jan 09 Page 70
  • 71. Price to book 542.60 274.603933 549.207866 823.811799 559.25 274.765941 549.531882 824.297824 567.20 274.927949 549.855899 824.783848 522.15 275.089958 550.179915 825.269873 485.75 275.251966 550.503932 825.755898 452.55 275.413974 550.827948 826.241922 440.15 275.575982 551.151965 826.727947 449.80 275.737991 551.475981 827.213972 434.65 275.899999 551.799998 827.699997 444.35 276.062007 552.124014 828.186021 438.35 276.224015 552.448031 828.672046 422.40 276.386024 552.772047 829.158071 407.95 276.548032 553.096064 829.644095 415.95 276.71004 553.42008 830.13012 384.10 276.872048 553.744096 830.616145 394.50 277.034056 554.068113 831.102169 423.10 277.196065 554.392129 831.588194 435.05 277.358073 554.716146 832.074219 433.00 277.520081 555.040162 832.560243 397.65 277.682089 555.364179 833.046268 395.35 277.844098 555.688195 833.532293 394.75 278.006106 556.012212 834.018317 392.10 278.168114 556.336228 834.504342 402.70 278.330122 556.660245 834.990367 421.70 278.492131 556.984261 835.476392 421.05 278.654139 557.308278 835.962416 431.55 278.816147 557.632294 836.448441 430.70 278.978155 557.95631 836.934466 439.20 279.140163 558.280327 837.42049 418.75 279.302172 558.604343 837.906515 399.70 279.46418 558.92836 838.39254 394.10 279.626188 559.252376 838.878564 388.45 279.788196 559.576393 839.364589 373.15 279.950205 559.900409 839.850614 363.65 280.112213 560.224426 840.336638 366.25 280.274221 560.548442 840.822663 346.50 280.436229 560.872459 841.308688 347.95 280.598238 561.196475 841.794713 323.05 280.760246 561.520491 842.280737 324.95 280.922254 561.844508 842.766762 322.60 281.084262 562.168524 843.252787 300.85 281.24627 562.492541 843.738811 295.25 281.408279 562.816557 844.224836 280.90 281.570287 563.140574 844.710861 02 Jan 09 05 Jan 09 06 Jan 09 07 Jan 09 09 Jan 09 12 Jan 09 13 Jan 09 14 Jan 09 15 Jan 09 16 Jan 09 19 Jan 09 20 Jan 09 21 Jan 09 22 Jan 09 23 Jan 09 27 Jan 09 28 Jan 09 29 Jan 09 30 Jan 09 02 Feb 09 03 Feb 09 04 Feb 09 05 Feb 09 06 Feb 09 09 Feb 09 10 Feb 09 11 Feb 09 12 Feb 09 13 Feb 09 16 Feb 09 17 Feb 09 18 Feb 09 19 Feb 09 20 Feb 09 24 Feb 09 25 Feb 09 26 Feb 09 27 Feb 09 02 Mar 09 03 Mar 09 04 Mar 09 05 Mar 09 06 Mar 09 09 Mar 09 Page 71
  • 72. Price to book 304.35 281.732295 563.46459 845.196885 330.55 281.894303 563.788607 845.68291 342.70 282.056312 564.112623 846.168935 325.80 282.21832 564.43664 846.654959 341.25 282.380328 564.760656 847.140984 358.30 282.542336 565.084673 847.627009 343.05 282.704345 565.408689 848.113034 374.05 282.866353 565.732705 848.599058 372.30 283.028361 566.056722 849.085083 397.75 283.190369 566.380738 849.571108 421.50 283.352377 566.704755 850.057132 431.20 283.514386 567.028771 850.543157 397.40 283.676394 567.352788 851.029182 414.50 283.838402 567.676804 851.515206 417.85 283.838402 567.676804 851.515206 439.75 284.295337 568.590673 852.88601 436.40 284.752271 569.504542 854.256813 443.85 285.209205 570.418411 855.627616 444.55 285.66614 571.33228 856.998419 462.25 286.123074 572.246149 858.369223 504.25 286.580009 573.160017 859.740026 470.65 287.036943 574.073886 861.110829 503.80 287.493878 574.987755 862.481633 510.30 287.950812 575.901624 863.852436 493.85 288.407746 576.815493 865.223239 472.50 288.864681 577.729362 866.594042 502.55 289.321615 578.64323 867.964846 528.75 289.77855 579.557099 869.335649 557.55 290.235484 580.470968 870.706452 530.60 290.692419 581.384837 872.077256 555.65 291.149353 582.298706 873.448059 608.85 291.606287 583.212575 874.818862 627.80 292.063222 584.126444 876.189665 604.85 292.520156 585.040312 877.560469 624.55 292.977091 585.954181 878.931272 607.35 293.434025 586.86805 880.302075 617.80 293.89096 587.781919 881.672879 668.25 294.347894 588.695788 883.043682 670.25 294.804828 589.609657 884.414485 637.40 295.261763 590.523526 885.785288 659.40 295.718697 591.437394 887.156092 793.60 296.175632 592.351263 888.526895 766.80 296.632566 593.265132 889.897698 728.05 297.0895 594.179001 891.268501 12 Mar 09 13 Mar 09 16 Mar 09 17 Mar 09 18 Mar 09 19 Mar 09 20 Mar 09 23 Mar 09 24 Mar 09 25 Mar 09 26 Mar 09 27 Mar 09 30 Mar 09 31 Mar 09 01 Apr 09 02 Apr 09 06 Apr 09 08 Apr 09 09 Apr 09 13 Apr 09 15 Apr 09 16 Apr 09 17 Apr 09 20 Apr 09 21 Apr 09 22 Apr 09 23 Apr 09 24 Apr 09 27 Apr 09 28 Apr 09 29 Apr 09 04 May 09 05 May 09 06 May 09 07 May 09 08 May 09 11 May 09 12 May 09 13 May 09 14 May 09 15 May 09 18 May 09 19 May 09 20 May 09 Page 72
  • 73. Price to book 734.95 297.546435 595.09287 892.639305 762.70 298.003369 596.006739 894.010108 771.90 298.460304 596.920608 895.380911 743.80 298.917238 597.834476 896.751715 797.40 299.374173 598.748345 898.122518 782.05 299.831107 599.662214 899.493321 783.40 300.288041 600.576083 900.864124 742.25 300.744976 601.489952 902.234928 720.15 301.20191 602.403821 903.605731 716.20 301.658845 603.31769 904.976534 734.85 302.115779 604.231558 906.347338 737.50 302.572714 605.145427 907.718141 697.80 303.029648 606.059296 909.088944 725.20 303.486582 606.973165 910.459747 749.45 303.943517 607.887034 911.830551 725.55 304.400451 608.800903 913.201354 703.45 304.857386 609.714771 914.572157 716.45 305.31432 610.62864 915.94296 757.90 305.771255 611.542509 917.313764 720.85 306.228189 612.456378 918.684567 731.90 306.685123 613.370247 920.05537 755.50 307.142058 614.284116 921.426174 763.90 307.598992 615.197985 922.796977 746.75 308.055927 616.111853 924.16778 768.65 308.512861 617.025722 925.538583 777.30 308.969796 617.939591 926.909387 818.45 309.42673 618.85346 928.28019 867.10 309.883664 619.767329 929.650993 833.65 310.340599 620.681198 931.021797 869.55 310.797533 621.595067 932.3926 853.15 311.254468 622.508935 933.763403 871.80 311.711402 623.422804 935.134206 794.20 312.168337 624.336673 936.50501 817.20 312.625271 625.250542 937.875813 783.60 313.082205 626.164411 939.246616 765.20 313.53914 627.07828 940.617419 739.10 313.996074 627.992149 941.988223 755.90 314.453009 628.906017 943.359026 762.90 314.909943 629.819886 944.729829 788.90 315.366878 630.733755 946.100633 799.00 315.823812 631.647624 947.471436 851.75 316.280746 632.561493 948.842239 886.30 316.737681 633.475362 950.213042 882.85 317.194615 634.38923 951.583846 21 May 09 22 May 09 25 May 09 26 May 09 27 May 09 28 May 09 29 May 09 01 Jun 09 02 Jun 09 03 Jun 09 04 Jun 09 05 Jun 09 08 Jun 09 09 Jun 09 10 Jun 09 11 Jun 09 12 Jun 09 15 Jun 09 16 Jun 09 17 Jun 09 18 Jun 09 19 Jun 09 22 Jun 09 23 Jun 09 24 Jun 09 25 Jun 09 26 Jun 09 29 Jun 09 30 Jun 09 01 Jul 09 02 Jul 09 03 Jul 09 06 Jul 09 07 Jul 09 08 Jul 09 09 Jul 09 10 Jul 09 13 Jul 09 14 Jul 09 15 Jul 09 16 Jul 09 17 Jul 09 20 Jul 09 21 Jul 09 Page 73
  • 74. Price to book 861.35 317.65155 635.303099 952.954649 892.60 318.108484 636.216968 954.325452 892.50 318.565419 637.130837 955.696256 938.60 319.022353 638.044706 957.067059 954.45 319.479287 638.958575 958.437862 919.20 319.936222 639.872444 959.808665 917.50 320.393156 640.786312 961.179469 917.70 320.850091 641.700181 962.550272 921.55 321.307025 642.61405 963.921075 894.65 321.76396 643.527919 965.291879 851.40 322.220894 644.441788 966.662682 845.20 322.677828 645.355657 968.033485 814.15 323.134763 646.269526 969.404288 840.50 323.591697 647.183394 970.775092 866.75 324.048632 648.097263 972.145895 870.55 324.505566 649.011132 973.516698 877.80 324.9625 649.925001 974.887501 870.30 325.419435 650.83887 976.258305 828.55 325.876369 651.752739 977.629108 830.85 326.333304 652.666608 978.999911 819.65 326.790238 653.580476 980.370715 843.05 327.247173 654.494345 981.741518 879.40 327.704107 655.408214 983.112321 906.95 328.161041 656.322083 984.483124 916.15 328.617976 657.235952 985.853928 930.95 329.07491 658.149821 987.224731 921.25 329.531845 659.06369 988.595534 917.60 329.988779 659.977558 989.966338 906.70 330.445714 660.891427 991.337141 891.70 330.902648 661.805296 992.707944 889.65 331.359582 662.719165 994.078747 889.65 331.816517 663.633034 995.449551 906.95 332.273451 664.546903 996.820354 932.75 332.730386 665.460771 998.191157 906.00 333.18732 666.37464 999.56196 913.40 333.644255 667.288509 1000.93276 909.00 334.101189 668.202378 1002.30357 902.95 334.558123 669.116247 1003.67437 895.50 335.015058 670.030116 1005.04517 907.65 335.471992 670.943985 1006.41598 907.35 335.928927 671.857853 1007.78678 911.55 336.385861 672.771722 1009.15758 914.10 336.842796 673.685591 1010.52839 909.75 337.29973 674.59946 1011.89919 22 Jul 09 23 Jul 09 24 Jul 09 27 Jul 09 28 Jul 09 29 Jul 09 30 Jul 09 31 Jul 09 03 Aug 09 04 Aug 09 05 Aug 09 06 Aug 09 07 Aug 09 10 Aug 09 11 Aug 09 12 Aug 09 13 Aug 09 14 Aug 09 17 Aug 09 18 Aug 09 19 Aug 09 20 Aug 09 21 Aug 09 24 Aug 09 25 Aug 09 26 Aug 09 27 Aug 09 28 Aug 09 31 Aug 09 01 Sep 09 02 Sep 09 03 Sep 09 04 Sep 09 07 Sep 09 08 Sep 09 09 Sep 09 10 Sep 09 11 Sep 09 14 Sep 09 15 Sep 09 16 Sep 09 17 Sep 09 18 Sep 09 22 Sep 09 Page 74
  • 75. Price to book 919.85 337.756664 675.513329 1013.26999 918.25 338.213599 676.427198 1014.6408 914.40 338.670533 677.341067 1016.0116 925.20 339.127468 678.254935 1017.3824 981.55 339.584402 679.168804 1018.75321 1,008.60 340.041337 680.082673 1020.12401 969.20 340.498271 680.996542 1021.49481 998.65 340.955205 681.910411 1022.86562 980.00 341.41214 682.82428 1024.23642 1,012.65 341.869074 683.738149 1025.60722 996.20 342.326009 684.652017 1026.97803 1,012.75 342.782943 685.565886 1028.34883 1,032.10 343.239878 686.479755 1029.71963 1,006.25 343.696812 687.393624 1031.09044 1,006.10 344.153746 688.307493 1032.46124 1,011.25 344.610681 689.221362 1033.83204 994.55 345.067615 690.13523 1035.20285 976.35 345.52455 691.049099 1036.57365 966.45 345.981484 691.962968 1037.94445 994.80 346.438419 692.876837 1039.31526 967.25 346.895353 693.790706 1040.68606 952.30 347.352287 694.704575 1042.05686 928.65 347.809222 695.618444 1043.42767 908.90 348.266156 696.532312 1044.79847 907.90 348.723091 697.446181 1046.16927 894.55 349.180025 698.36005 1047.54008 923.55 349.63696 699.273919 1048.91088 917.00 350.093894 700.187788 1050.28168 935.25 350.550828 701.101657 1051.65249 997.25 351.007763 702.015526 1053.02329 995.85 351.464697 702.929394 1054.39409 1,005.10 351.921632 703.843263 1055.76489 979.15 352.378566 704.757132 1057.1357 996.60 352.8355 705.671001 1058.5065 999.30 353.292435 706.58487 1059.8773 1,000.10 353.749369 707.498739 1061.24811 997.50 354.206304 708.412608 1062.61891 984.85 354.663238 709.326476 1063.98971 991.95 355.120173 710.240345 1065.36052 998.75 355.577107 711.154214 1066.73132 999.85 356.034041 712.068083 1068.10212 1,016.80 356.490976 712.981952 1069.47293 999.65 356.94791 713.895821 1070.84373 969.40 357.404845 714.80969 1072.21453 23 Sep 09 24 Sep 09 25 Sep 09 29 Sep 09 30 Sep 09 01 Oct 09 05 Oct 09 06 Oct 09 07 Oct 09 08 Oct 09 09 Oct 09 12 Oct 09 14 Oct 09 15 Oct 09 16 Oct 09 17 Oct 09 20 Oct 09 21 Oct 09 22 Oct 09 23 Oct 09 26 Oct 09 27 Oct 09 28 Oct 09 29 Oct 09 30 Oct 09 03 Nov 09 04 Nov 09 05 Nov 09 06 Nov 09 09 Nov 09 10 Nov 09 11 Nov 09 12 Nov 09 13 Nov 09 16 Nov 09 17 Nov 09 18 Nov 09 19 Nov 09 20 Nov 09 23 Nov 09 24 Nov 09 25 Nov 09 26 Nov 09 27 Nov 09 Page 75
  • 76. Price to book 997.45 357.861779 715.723558 1073.58534 1,036.50 358.318714 716.637427 1074.95614 1,046.85 358.775648 717.551296 1076.32694 1,047.85 359.232582 718.465165 1077.69775 1,026.50 359.689517 719.379034 1079.06855 1,011.10 360.146451 720.292903 1080.43935 1,040.50 360.603386 721.206771 1081.81016 1,016.30 361.06032 722.12064 1083.18096 1,021.60 361.517255 723.034509 1084.55176 1,003.65 361.974189 723.948378 1085.92257 994.20 362.431123 724.862247 1087.29337 958.95 362.888058 725.776116 1088.66417 938.25 363.344992 726.689985 1090.03498 941.90 363.801927 727.603853 1091.40578 933.95 364.258861 728.517722 1092.77658 954.50 364.715796 729.431591 1094.14739 967.25 365.17273 730.34546 1095.51819 983.30 365.629664 731.259329 1096.88899 987.15 366.086599 732.173198 1098.2598 984.25 366.543533 733.087067 1099.6306 980.10 367.000468 734.000935 1101.0014 988.70 367.457402 734.914804 1102.37221 993.05 367.914337 735.828673 1103.74301 1,010.00 368.371271 736.742542 1105.11381 995.30 368.828205 737.656411 1106.48462 1,002.95 369.28514 738.57028 1107.85542 1,013.55 369.742074 739.484149 1109.22622 1,051.10 370.199009 740.398017 1110.59703 1,049.10 370.655943 741.311886 1111.96783 1,039.45 371.112878 742.225755 1113.33863 1,062.05 371.569812 743.139624 1114.70944 1,078.20 372.026746 744.053493 1116.08024 1,108.30 372.483681 744.967362 1117.45104 1,104.20 372.940615 745.88123 1118.82185 1,082.75 373.39755 746.795099 1120.19265 1,060.05 373.854484 747.708968 1121.56345 1,031.15 374.311419 748.622837 1122.93426 1,017.60 374.768353 749.536706 1124.30506 972.55 375.225287 750.450575 1125.67586 1,014.00 375.682222 751.364444 1127.04667 1,025.50 376.139156 752.278312 1128.41747 1,063.35 376.596091 753.192181 1129.78827 1,033.05 377.053025 754.10605 1131.15908 1,069.90 377.50996 755.019919 1132.52988 30 Nov 09 01 Dec 09 02 Dec 09 03 Dec 09 04 Dec 09 07 Dec 09 08 Dec 09 09 Dec 09 10 Dec 09 11 Dec 09 14 Dec 09 15 Dec 09 16 Dec 09 17 Dec 09 18 Dec 09 21 Dec 09 22 Dec 09 23 Dec 09 24 Dec 09 29 Dec 09 30 Dec 09 31 Dec 09 04 Jan 10 05 Jan 10 06 Jan 10 07 Jan 10 08 Jan 10 11 Jan 10 12 Jan 10 13 Jan 10 14 Jan 10 15 Jan 10 18 Jan 10 19 Jan 10 20 Jan 10 21 Jan 10 22 Jan 10 25 Jan 10 27 Jan 10 28 Jan 10 29 Jan 10 01 Feb 10 02 Feb 10 03 Feb 10 Page 76
  • 77. Price to book 1,047.05 377.966894 755.933788 1133.90068 1,023.35 378.423828 756.847657 1135.27149 1,029.15 378.880763 757.761526 1136.64229 1,023.00 379.337697 758.675394 1138.01309 1,037.90 379.794632 759.589263 1139.38389 1,024.80 380.251566 760.503132 1140.7547 1,035.00 380.7085 761.417001 1142.1255 1,027.90 381.165435 762.33087 1143.4963 1,025.90 381.622369 763.244739 1144.86711 1,067.55 382.079304 764.158608 1146.23791 1,100.80 382.536238 765.072476 1147.60871 1,096.00 382.993173 765.986345 1148.97952 1,104.60 383.450107 766.900214 1150.35032 1,098.35 383.907041 767.814083 1151.72112 1,093.35 384.363976 768.727952 1153.09193 1,097.95 384.82091 769.641821 1154.46273 1,124.85 385.277845 770.55569 1155.83353 1,152.70 385.734779 771.469558 1157.20434 1,148.15 386.191714 772.383427 1158.57514 1,121.65 386.648648 773.297296 1159.94594 1,102.80 387.105582 774.211165 1161.31675 1,128.40 387.562517 775.125034 1162.68755 1,115.40 388.019451 776.038903 1164.05835 1,129.90 388.476386 776.952771 1165.42916 1,151.25 388.93332 777.86664 1166.79996 1,151.95 389.390255 778.780509 1168.17076 1,139.80 389.847189 779.694378 1169.54157 1,145.15 390.304123 780.608247 1170.91237 1,145.70 390.761058 781.522116 1172.28317 1,164.90 391.217992 782.435985 1173.65398 1,155.15 391.674927 783.349853 1175.02478 1,146.80 392.131861 784.263722 1176.39558 1,160.65 392.588796 785.177591 1177.76639 1,154.40 393.04573 786.09146 1179.13719 1,191.65 393.502664 787.005329 1180.50799 1,199.70 393.959599 787.919198 1181.8788 1,173.15 394.416533 788.833067 1183.2496 1,169.10 394.873468 789.746935 1184.6204 1,173.70 395.330402 790.660804 1185.99121 1,174.25 395.593319 791.186638 1186.77996 1,171.35 395.856236 791.712472 1187.56871 1,164.20 396.119153 792.238306 1188.35746 1,156.30 396.38207 792.76414 1189.14621 1,182.35 396.644987 793.289974 1189.93496 04 Feb 10 05 Feb 10 06 Feb 10 08 Feb 10 09 Feb 10 10 Feb 10 11 Feb 10 15 Feb 10 16 Feb 10 17 Feb 10 18 Feb 10 19 Feb 10 22 Feb 10 23 Feb 10 24 Feb 10 25 Feb 10 26 Feb 10 02 Mar 10 03 Mar 10 04 Mar 10 05 Mar 10 08 Mar 10 09 Mar 10 10 Mar 10 11 Mar 10 12 Mar 10 15 Mar 10 16 Mar 10 17 Mar 10 18 Mar 10 19 Mar 10 22 Mar 10 23 Mar 10 25 Mar 10 26 Mar 10 29 Mar 10 30 Mar 10 31 Mar 10 01 Apr 10 05 Apr 10 06 Apr 10 07 Apr 10 08 Apr 10 09 Apr 10 Page 77
  • 78. Price to book 1,177.30 396.907904 793.815807 1190.72371 1,157.80 397.170821 794.341641 1191.51246 1,149.25 397.433738 794.867475 1192.30121 1,150.45 397.696654 795.393309 1193.08996 1,157.40 397.959571 795.919143 1193.87871 1,186.50 398.222488 796.444977 1194.66747 1,239.15 398.485405 796.970811 1195.45622 1,225.70 398.748322 797.496644 1196.24497 1,233.40 399.011239 798.022478 1197.03372 1,274.85 399.274156 798.548312 1197.82247 1,278.35 399.537073 799.074146 1198.61122 1,258.95 399.79999 799.59998 1199.39997 1,271.70 400.062907 800.125814 1200.18872 1,268.20 400.325824 800.651648 1200.97747 1,262.10 400.588741 801.177481 1201.76622 1,247.35 400.851658 801.703315 1202.55497 1,241.55 401.114575 802.229149 1203.34372 1,236.00 401.377491 802.754983 1204.13247 1,190.25 401.640408 803.280817 1204.92123 1,249.30 401.903325 803.806651 1205.70998 1,258.95 402.166242 804.332485 1206.49873 1,287.80 402.429159 804.858318 1207.28748 1,311.15 402.692076 805.384152 1208.07623 1,288.10 402.954993 805.909986 1208.86498 1,261.85 403.21791 806.43582 1209.65373 1,254.55 403.480827 806.961654 1210.44248 1,205.10 403.743744 807.487488 1211.23123 1,207.40 404.006661 808.013322 1212.01998 1,217.85 404.269578 808.539155 1212.80873 1,196.15 404.532495 809.064989 1213.59748 1,163.75 404.795412 809.590823 1214.38623 1,157.85 405.058329 810.116657 1215.17499 1,215.70 405.321245 810.642491 1215.96374 1,220.50 405.584162 811.168325 1216.75249 1,228.40 405.847079 811.694159 1217.54124 1,180.85 406.109996 812.219992 1218.32999 1,202.60 406.372913 812.745826 1219.11874 1,243.95 406.63583 813.27166 1219.90749 1,240.10 406.898747 813.797494 1220.69624 1,215.55 407.161664 814.323328 1221.48499 1,226.70 407.424581 814.849162 1222.27374 1,240.50 407.687498 815.374996 1223.06249 1,245.95 407.950415 815.900829 1223.85124 1,241.95 408.213332 816.426663 1224.63999 12 Apr 10 13 Apr 10 15 Apr 10 16 Apr 10 19 Apr 10 20 Apr 10 21 Apr 10 22 Apr 10 23 Apr 10 26 Apr 10 27 Apr 10 28 Apr 10 29 Apr 10 30 Apr 10 03 May 10 04 May 10 05 May 10 06 May 10 07 May 10 10 May 10 11 May 10 12 May 10 13 May 10 14 May 10 17 May 10 18 May 10 19 May 10 20 May 10 21 May 10 24 May 10 25 May 10 26 May 10 27 May 10 28 May 10 31 May 10 01 Jun 10 02 Jun 10 03 Jun 10 04 Jun 10 07 Jun 10 08 Jun 10 09 Jun 10 10 Jun 10 11 Jun 10 Page 78
  • 79. Price to book 1,253.35 408.476249 816.952497 1225.42875 1,245.85 408.739166 817.478331 1226.2175 1,219.70 409.002082 818.004165 1227.00625 1,215.05 409.264999 818.529999 1227.795 1,208.50 409.527916 819.055833 1228.58375 1,250.05 409.790833 819.581666 1229.3725 1,236.10 410.05375 820.1075 1230.16125 1,250.30 410.316667 820.633334 1230.95 1,262.95 410.579584 821.159168 1231.73875 1,247.85 410.842501 821.685002 1232.5275 1,262.55 411.105418 822.210836 1233.31625 1,241.60 411.368335 822.73667 1234.105 1,242.95 411.631252 823.262503 1234.89376 1,229.55 411.894169 823.788337 1235.68251 1,236.95 412.157086 824.314171 1236.47126 1,238.80 412.420003 824.840005 1237.26001 1,253.00 412.682919 825.365839 1238.04876 1,236.10 412.945836 825.891673 1238.83751 1,243.75 413.208753 826.417507 1239.62626 1,269.55 413.47167 826.94334 1240.41501 1,288.60 413.734587 827.469174 1241.20376 1,300.70 413.997504 827.995008 1241.99251 1,314.15 414.260421 828.520842 1242.78126 1,344.95 414.523338 829.046676 1243.57001 1,359.10 414.786255 829.57251 1244.35876 1,360.95 415.049172 830.098344 1245.14752 1,371.00 415.312089 830.624177 1245.93627 1,346.30 415.575006 831.150011 1246.72502 1,363.70 415.837923 831.675845 1247.51377 1,390.60 416.10084 832.201679 1248.30252 1,383.95 416.363756 832.727513 1249.09127 1,382.20 416.626673 833.253347 1249.88002 1,349.60 416.88959 833.779181 1250.66877 1,362.00 417.152507 834.305014 1251.45752 1,345.40 417.415424 834.830848 1252.24627 1,351.05 417.678341 835.356682 1253.03502 1,358.60 417.941258 835.882516 1253.82377 1,332.15 418.204175 836.40835 1254.61252 1,317.10 418.467092 836.934184 1255.40128 1,311.75 418.730009 837.460018 1256.19003 1,310.05 418.992926 837.985852 1256.97878 1,297.00 419.255843 838.511685 1257.76753 1,289.65 419.51876 839.037519 1258.55628 1,316.80 419.781677 839.563353 1259.34503 14 Jun 10 15 Jun 10 16 Jun 10 17 Jun 10 18 Jun 10 21 Jun 10 22 Jun 10 23 Jun 10 24 Jun 10 25 Jun 10 28 Jun 10 29 Jun 10 30 Jun 10 01 Jul 10 02 Jul 10 05 Jul 10 06 Jul 10 07 Jul 10 08 Jul 10 09 Jul 10 12 Jul 10 13 Jul 10 14 Jul 10 15 Jul 10 16 Jul 10 19 Jul 10 20 Jul 10 21 Jul 10 22 Jul 10 23 Jul 10 26 Jul 10 27 Jul 10 28 Jul 10 29 Jul 10 30 Jul 10 02 Aug 10 03 Aug 10 04 Aug 10 05 Aug 10 06 Aug 10 09 Aug 10 10 Aug 10 11 Aug 10 12 Aug 10 Page 79