-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ia1n9AGdDhfpYBkoeSstU2X+DrNrXoPXBMMUXHKZ9ZYq1DNXjmUOThs0xy1NNiqq EIfsBQDqwhH1pbFKQv9fxg== 0000950103-06-002468.txt : 20061026 0000950103-06-002468.hdr.sgml : 20061026 20061026172857 ACCESSION NUMBER: 0000950103-06-002468 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20061026 DATE AS OF CHANGE: 20061026 GROUP MEMBERS: BANCO ESPANOL DE CREDITO, S.A. GROUP MEMBERS: CARTERA MOBILIARIA, S.A. SICAV GROUP MEMBERS: SANTANDER INVESTMENT BOLSA S.V.S. A. GROUP MEMBERS: SANTANDER SEGUROS Y REASEGUROS, CIA ASEGURADORA, S.A. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REPSOL YPF SA CENTRAL INDEX KEY: 0000847838 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-50204 FILM NUMBER: 061166743 BUSINESS ADDRESS: STREET 1: PASEO DE LA CASTELLANA 278-280 CITY: MADRID SPAIN STATE: U3 ZIP: 28046 BUSINESS PHONE: 2124504950 MAIL ADDRESS: STREET 1: PASEO DE LA CASTELLANA STREET 2: 278-280 CITY: MADRID STATE: U3 ZIP: U328046 FORMER COMPANY: FORMER CONFORMED NAME: REPSOL SA DATE OF NAME CHANGE: 20000710 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANCO SANTANDER CENTRAL HISPANO SA CENTRAL INDEX KEY: 0000891478 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 132617929 STATE OF INCORPORATION: U3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: NEW YORK BRANCH STREET 2: 45 EAST 53RD STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124505098 MAIL ADDRESS: STREET 1: NEW YORK BRANCH STREET 2: 45 EAST 53RD ST CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: BANCO SANTANDER S A DATE OF NAME CHANGE: 19931201 FORMER COMPANY: FORMER CONFORMED NAME: BANCO SANTANDER SOCIEDAD ANONIMA DATE OF NAME CHANGE: 19921120 SC 13D 1 dp03844_sc13d.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D
Under the Securities Exchange Act of 1934

REPSOL YPF, S.A.
(Name of Issuer)
 
ordinary shares, nominal value €1.00 each
(Title of Class of Securities)
 
76026T205
(CUSIP Number)
 
James H. Bathon
Banco Santander Central Hispano, S.A.
c/o Banco Santander Central Hispano, S.A., New York Branch
45 East 53rd Street
New York, NY 10022
(212) 350-3500
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
 
October 17, 2006

(Date of Event which Requires Filing of this Statement)
 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d - -1(e), 240.13d -l(f) or 240.13d -l(g), check the following box. o

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






CUSIP No. 76026T205 13D

1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Banco Santander Central Hispano, S.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o 
(b) o 
3 SEC USE ONLY
4 SOURCE OF FUNDS (See Instructions)

WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
o 
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Kingdom of Spain
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH		 7 SOLE VOTING POWER

55,418,105
8 SHARED VOTING POWER

8,622,833
9 SOLE DISPOSITIVE POWER

55,418,105
10 SHARED DISPOSITIVE POWER

8,622,833
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

55,418,105
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

4.539%
14 TYPE OF REPORTING PERSON (See Instructions)

CO

2





CUSIP No. 76026T205 13D

1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Banco Español de Crédito, S.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o 
(b) o 
3 SEC USE ONLY
4 SOURCE OF FUNDS (See Instructions)

WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
o 
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Kingdom of Spain
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH		 7 SOLE VOTING POWER

0
8 SHARED VOTING POWER

6,930,369
9 SOLE DISPOSITIVE POWER

0
10 SHARED DISPOSITIVE POWER

6,930,369
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,930,369
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.568%
14 TYPE OF REPORTING PERSON (See Instructions)

CO

3





CUSIP No. 76026T205 13D

1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Santander Seguros y Reaseguros, CIA Aseguradora, S.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o 
(b) o 
3 SEC USE ONLY
4 SOURCE OF FUNDS (See Instructions)

WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
o 
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Kingdom of Spain
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH		 7 SOLE VOTING POWER

0
8 SHARED VOTING POWER

1,080,952
9 SOLE DISPOSITIVE POWER

0
10 SHARED DISPOSITIVE POWER

1,080,952
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,080,952
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.089%
14 TYPE OF REPORTING PERSON (See Instructions)

CO

4





CUSIP No. 76026T205 13D

1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Santander Investment Bolsa S.V.S.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o 
(b) o 
3 SEC USE ONLY
4 SOURCE OF FUNDS (See Instructions)

WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
o 
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Kingdom of Spain
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH		 7 SOLE VOTING POWER

0
8 SHARED VOTING POWER

311,512
9 SOLE DISPOSITIVE POWER

0
10 SHARED DISPOSITIVE POWER

311,512
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

311,512
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.026%
14 TYPE OF REPORTING PERSON (See Instructions)

CO

5





CUSIP No. 76026T205 13D

1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Cartera Mobiliaria, S.A. SICAV
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o 
(b) o 
3 SEC USE ONLY
4 SOURCE OF FUNDS (See Instructions)

WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
o 
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Kingdom of Spain
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH		 7 SOLE VOTING POWER

0
8 SHARED VOTING POWER

300,000
9 SOLE DISPOSITIVE POWER

0
10 SHARED DISPOSITIVE POWER

300,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

300,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.025%
14 TYPE OF REPORTING PERSON (See Instructions)

CO

6





Item 1. Security and Issuer

     The class of equity securities to which this statement relates is the ordinary Shares, nominal value €1.00 per share (the “Shares”), of Repsol YPF, S.A., a corporation organized under the laws of the Kingdom of Spain (the “Issuer”). The principal executive offices of the Issuer are located at Paseo de la Castellana 278, Madrid, Spain 28046.

Item 2. Identity and Background

     The name of the persons filing this statement (the “Reporting Persons”) are Banco Santander Central Hispano, S.A., a Spanish sociedad anonima (“Santander”) and the other Reporting Persons named on the cover pages of this statement, each of which is a subsidiary of Santander.

     The address of the principal office of Santander is Ciudad Grupo Santander, Avda. De Cantabria, s/n-28660, Boadilla del Monte (Madrid), Spain. The name, business address, present principal occupation or employment and citizenship of each director and executive officer of Santander is set forth on Schedule A.

     Santander is one of the largest banks in the euro zone and among the five largest in Europe by market capitalization. Founded in 1857, Santander has more than 129,000 employees, 66 million customers and 10,200 offices in 40 countries. It is the largest financial group in Spain and Latin America, and has significant market positions elsewhere in Europe, including the United Kingdom, through its Abbey subsidiary and Portugal, where it is the third largest bank. Through Santander Consumer Finance, it also operates a leading consumer finance franchise in Germany, Italy, Spain and nine other European countries.

     During the last five years, none of Santander and the other Reporting Persons, and to the best of Santander’s knowledge and the other Reporting Persons, any of the persons listed on Schedule A attached hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject, to federal or state securities laws or finding any violation with respect to such laws.

     For information concerning the other Reporting Persons, please see the cover pages of this statement and Schedule A hereto.

     The Reporting Persons filing this statement do not, by so filing, admit that such filing is required to be made by Rule 13d-1 under the Securities Exchange Act of 1934 or otherwise, or that any of the information provided herein is required to be provided by Schedule 13D under such Act or otherwise.

Item 3. Source and Amount of Funds or Other Consideration

     The aggregate purchase price for the Shares reported herein was EUR 1,668,295,796.43. The purchase price was funded through internally generated funds. This amount reflects, for the 49,000,000 Shares purchased in connection with the hedging transactions described below, the actual purchase price of such Shares. With regard to the 6,418,105 Shares of the Issuer purchased by Santander in the course of its proprietary trading activities and customer transactions described below as well as the 8,622,833 Shares purchased by Santander subsidiaries pursuant to proprietary trading and customer transactions, the amount paid reflects the total number of such Shares multiplied by the most recent purchase price.

Item 4. Purpose of Transaction

     Between October 12 and October 25, 2006, Santander has acquired, net of sales during this period, 49,000,000 Shares in the Issuer, or 4.01355% of the outstanding Shares, in order to hedge its exposure to increases in the market price of the Issuer’s Shares arising from certain cash-only settlement total return equity swap transactions entered into with its client, Sacyr Vallehermoso, Participaciones Mobiliarias S.L.U. (“Sacyr”). In each case, after entering

7





into the swap transaction, Santander acquired the corresponding amount of Shares in the open market and in over the counter purchases. Under each of these swap transactions Santander assumes the risk of any increases in the price of the notional number of Issuer’s Shares covered by the contract between the effective date of the swap transaction and January 9, 2007 (the “Valuation Date”), subject to any early termination. In order to hedge itself against this exposure, Santander purchased a number of Issuer’s Shares equal to the notional number of Shares covered by the swap transactions, except for a notional amount of 7,000,000 Shares, in connection with which Santander entered into a mirror equity swap transaction with another financial institution. Each total return equity swap is evidenced by a confirmation under a Master Agreement dated as of October 9, 2006. The principal terms of each of the swap transactions are set forth below.

      1. Swap Date: October 13, 2006

            Swap Effective Date: October 18, 2006

            Nominal Shares: 45,661,856

            Santander Pays: Market value of the nominal Shares as of the Valuation Date.

            Sacyr Pays: EUR 1,193,486,761.20, which is the number of nominal Shares multiplied by EUR 26.1375, on the Closing Date.

      2. Swap Date: October 16, 2006

            Swap Effective Date: October 19, 2006

            Nominal Shares: 1,000,000.00

            Santander Pays: Market value of the nominal Shares as of the Valuation Date.

            Sacyr Pays: EUR 27,273,700, which is the number of nominal Shares multiplied by EUR 27.2737, on the Closing Date.

      3. Swap Date: October 17, 2006

            Swap Effective Date: October 20, 2006

            Nominal Shares: 9,338,144

            Santander Pays: Market value of the nominal Shares as of the Valuation Date.

            Sacyr Pays: EUR 241,577,785.28, which is the number of nominal Shares multiplied by EUR 25.8700, on the Closing Date.

     On the Closing Date Sacyr will pay to Santander an amount equal to the interest accrued at three months EURIBOR plus 25 basis points from the effective date until the Closing Date on the notional amount of each transaction, and Sacyr will receive from Santander on the business day following the day on which payment is made by the Issuer to holders of record of the Shares any dividends actually paid by the Issuer on the Shares covered by the swap transactions. The Closing Date for the swaps is the third business day after the Valuation Date. On the Closing Date, the swaps will be settled in cash on a net basis. Sacyr Vallehermoso, S.A., the owner of 100% of Sacyr’s shares, has guaranteed the performance of Sacyr’s obligations under the swap transactions. The swaps do not give Sacyr or Sacyr Vallehermoso, S.A. the right to acquire, dispose of or vote any Shares or require Santander to hold, vote or dispose of any Shares.

     Santander financed Sacyr’s EUR 1.606 billion investment in Shares of the Issuer through two bridge facilities, which have been guaranteed by Sacyr’s parent company, Sacyr Vallehermoso, S.A. The principal terms of the bridge facilities, which have not been totally drawn down, are set out below:

8





     1. A loan of up to EUR 1.100 billion due no later than January 15, 2007, with an interest rate of EURIBOR plus 0.80% .

     2. A loan of up to EUR 1.500 billion due no later than January 15, 2007, with an interest rate of EURIBOR plus 0.80% .

     These bridge loans are expected to be refinanced with a limited-recourse long term loan for an amount of up to EUR 5.175 billion (with an approximate 19/81% debt-to-equity ratio), with an interest rate of EURIBOR plus 1.00% until month 24, EURIBOR plus 1.10% from month 24 up to month 48, EURIBO plus 1.20% from month 48. The long-term loan will have a final maturity of 6 years. Sacyr Vallehermoso, S.A. will be required to provide a guarantee on the long term loan in the event that the loan to value becomes less than 105% during the first 24 months or 115% from 24 months onwards. Such a guarantee, if required, would consist of additional cash or listed securities. The purpose of the long term financing is to refinance the bridge facilities and to acquire Shares of the Issuer in order to acquire a 20% stake in the company.

     Sacyr has agreed to pay Santander a commission in connection with the swap transactions, in an amount equal to: (i) 1 Euro per nominal Share with respect to the first 5% tranche, deducting there from the spread charged for the swaps; or (ii) 1 Euro per nominal Share with respect of the swaps exceeding the first 5% tranche but not surpassing 10%, taking into account that the basis for the calculation of the commission related to this second tranche is the number of nominal Shares exceeding 15,000,000 Shares.

     Santander owns 6,418,105 Shares of the Issuer and Santander’s subsidiaries, Banco Español de Crédito, S.A., Santander Seguros y Reaseguros, CIA Aseguradora S.A., Santander Investment Bolsa S.V.S.A., and Cartera Mobiliaria, S.A. SICAV own 8,622,833 Shares of the Issuer, in each case acquired in the course of proprietary trading activities and transactions on behalf of clients.

     Except as set forth in this Statement, none of the Reporting Persons has any plan or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer

     (a) The information set forth in Items 1, 7-11 and 13 of the cover pages of this statement is incorporated herein by reference.

     Except as set forth in this Item 5(a), none of the Reporting Persons, and, to the best of their knowledge, any of persons named in Schedule A hereto owns beneficially any Shares, but for Assicurazioni Generali, which owns 108,695 Shares of the Issuer or 0.0089% of the outstanding Shares and Mutua Madrileña Automovilista, which owns 21,162 Shares of the Issuer or 0.00173% of the outstanding Shares.

     (b) The information set forth in Items 1, 7-11 and 13 of the cover pages of this statement is incorporated herein by reference.

      (c) Information concerning transactions in Shares since August 27, 2006 is set forth on Schedule B.

      (d) Inapplicable.

      (e) Inapplicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

      See Item 4.

     Except for the matters described in Item 4 of this statement, to the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise), including, but not limited to, transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, between the persons enumerated in Item 2 and Schedule A, and any other person, with respect to any Shares of the Issuer, including any Shares pledged or otherwise subject to a contingency the occurrence of which would give another person voting

9





power or investment power over such securities other than standard default and similar provisions contained in loan agreements.

Item 7. Material to be Filed as Exhibits

     1. International Swaps and Derivatives Association, Inc. Master Agreement, between Banco Santander Central Hispano, S.A. and Sacyr Vallehermoso Participaciones Mobiliarias, S.L. with confirmations dated October 13, 2006 and amendment to such confirmation dated October 25, 2006, October 16, 2006 and October 17, 2006.

 

 

 

 

10





SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANCO SANTANDER CENTRAL HISPANO, S.A.
   
   
 
  Date
   
   
 
  Signature
   
   
 
  (Name/Title)
 
 
BANCO ESPAÑOL DE CREDITO, S.A.
   
   
 
  Date
   
   
 
  Signature
   
   
 
  (Name/Title)
 
 
SANTANDER SEGUROS Y REASEGUROS, CIA ASEGURADORA, S.A.
   
   
 
  Date
   
   
 
  Signature
   
   
 
  (Name/Title)

11





SANTANDER INVESTMENT BOLSA, S.V.S.A.
   
   
 
  Date
   
   
 
  Signature
   
   
 
  (Name/Title)
 
 
CARTERA MOBILIARIA, S.A. SICAV
   
   
 
  Date
   
   
 
  Signature
   
   
 
  (Name/Title)

12





DIRECTORS AND EXECUTIVE OFFICERS OF BUYER

     The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Santander are set forth below. If no business address is given the director’s or officer’s business address is the address specified in Item 2 as the principal address of Santander. Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to Santander. All of the directors and officers are citizens of Spain except for Assicurazioni Generali, S.p.A. (Italy), Lord Burns (United Kingdom), Mr. Day S. Sidhu (USA), Antonio H. Osorio (Portugal), Mr. Adolfo Lagos (Mexico), and Mr. Nuno Amado (Portugal).

Name of Executive Officers and Directors   Present Principal Occupation and Name of Employer
Directors    
Emilio Botin   Chairman of the Board of Directors and of the
    Executive Committee
Fernando de Asua   First Vice Chairman of the Board of Directors
Alfredo Saenz   Second Vice Chairman of the Board of Directors
    and Chief Executive Officer
Matias R. Inciarte   Third Vice Chairman of the Board of Directors
    and Chairman of the Risk Committee
Manuel Soto   Fourth Vice Chairman
Assicurazioni Generali, S.p.A. (*)   Not Applicable (1)
Antonio Basagoiti   Director
Ana. P. Botin (*)   Chairwoman, Banco Espanol de Credito, S.A.
Javier Botin (*)   Executive Director, M&B Capital Advisers,
    Sociedad de Valores, S.A.
Lord Burns (*)   Chairman, Abbey National plc
Guillermo de la Dehesa (*)   Chairman, AVIVA Vida y Pensiones, S.A.
Rodrigo Echenique   Director
Antonio Escamez   Director
Francisco Luzon   Director, Executive Vice President, America
Abel Matutes (*)   Chairman, Grupo de Empresas Matutes
Mutua Madrilena Automovilista (*)   Not Applicable (1)
Luis Angel Rojo   Director
Luis Alberto Salazar-Simpson   Director
Jay S. Sidhu   Director
     
     
Name of Executive Officers (who are not Directors)   Present Principal Occupation and Name of Employer
     
Jose A. Alvarez   Executive Vice President, Financial Management
David Arce   Executive Vice President, Internal Auditing
Ignacio Benjumea   Executive Vice President, General Secretariat of
    the Board
Teodoro Bragado   Executive Vice President, Risk
Juan Manuel Cendoya   Executive Vice President, Communication and
    Research
Jose Maria Espi   Executive Vice President, Risk
Enrique G. Candelas   Executive Vice President, Retail Banking
Antonio H. Osorio*   Chief Executive Officer, Abbey
Joan-David Grima   Executive Vice President, Asset Management
Juan Guitard   Executive Vice President, General Secretariat of
    the Board
Gonzalo de la Heras (*)   Executive Vice President, Global Wholesale
    Banking
Adolfo Lagos   Executive Vice President, Global Wholesale
    Banking
Jorge Maortua   Executive Vice President, Global Wholesale

13





    Banking
Serafin Mendez   Executive Vice President, Resources and Costs
Jorge Moran   Executive Vice President, Insurance
Javier Peralta   Executive Vice President, Risk
Marcial Portela   Executive Vice President, America
Juan R. Inciarte   Executive Vice President, Europe and Consumer
    Lending
Jose Manuel Tejon   Executive Vice President, Financial Accounting
Jesus M. Zabalza   Executive Vice President, America
Nuno Amado (*)   Executive Vice President, Portugal
Federico Outon   Executive Vice President, Adjoint to the CEO


 

(1) These two directors of Santander are each insurance companies and thus have no occupation.
   
 

The business address of those marked with (*) are as follows:
   
  Assicurazioni Generali, S.p.A.
  Piazza Duce degli Abruzzi, 2
  34132 Trieste
  Italy
   
  Ana P. Botin
  Avda. Gran Via de Hortaleza, 3
  28043 Madrid
  Spain
   
  Javier Botin
  Plaza Manuel Gomez Moreno, 2
  28020 Madrid
  Spain
   
  Lord Burns
  Waterside House, 35 North Wharf Road
  London W2 1 NW, England
  U.K.
   
  Guillermo de la Dehesa
  C/ Francisco Silvela, 106
  28002 Madrid
  Spain
   
  Abel Matutes
  Avda. Bartolome Rosello, 18
  07800 Ibiza
  Spain
   
  Mutua Madrilena Automovilista
  Paseo de la Castellana, 33
  28046 Madrid
  Spain
   
  Antonio H. Osorio
  2 Triton Square

14





      Regent’s Place
      London NW 13AN

      Nuno Amado
      Rua do Ouro, 88
      1100 – 063 Lisbon
      Portugal

      Gonzalo de las Heras
      45 East 53rd Street
      New York, NY 10022

     The name, title, present principal occupation or employment of each of the directors and executive officers of Banco Español de Crédito, S.A. are set forth below. The address of Banco Español de Crédito, S.A. is Avda. Gran Vía de Hortaleza, 3- 28033 Madrid. Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to Banco Español de Crédito, S.A.

Name of Executive Officers and Directors   Present Principal Occupation and Name of Employer
Dª Ana Patricia Botín-Sanz de Sautuola y O’Shea   President
D. Victor Manuel Menéndez Millán   Vice President
José Antonio García Cantera   Director
D. Federico Outón del Moral   Director
D. Matías Rodríguez Inciarte   Director; Third Vice Chairman, Banco
       Santander Central Hispano
D. David Arce Torres   Director, Banco Santander Central Hispano
D. Juan Delibes Liniers   Director
Dª Isabel Polanco Moreno   Director, Promotora de Informaciones, S.A.
D. Rafael del Pino Calvo-Sotelo   President of the Board of Directors, Grupo
       Ferrovial, S.A.
D. Francisco Daurella Franco   President of the Board of Directors, Cobega,
       S.A.
D. José Luis López Combarros   Director
D. José María Fuster Van Bendegem   Director
D. José María Nus Badía   Director
D. Carlos Sabanza Teruel   Director
 
Executive Vice Presidents    
D. Pedro Larena Landeta – Banca Minorista    
D. José Nieto de la Cierva – Banca Mayorista    
D. Rafael Vega González – Centro de Innovación    
D. Aurelio Velo Vallejo – Medios    
D. Miguel Sanz Sainz – Recursos Humanos    
D. José Doncel Razola – Contabilidad y Control de Gestión    
 
Deputy Executive Vice Presidents    
D. Jaime Ybarra Loring   Business Sector
D. Rami Aboukhair Hurtado   Consumption, Cards, and iBanesto
D. Jesús Fuentes Colella   Risks
D. Jaime Pérez Renovales   Secretary General and Secretary of the Board.

     The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Santander Seguros y Reaseguros, CIA Aseguradora, S.A. are set forth below. The address of Santander Seguros y Reaseguros, CIA Aseguradora, S.A. is Avenida de Cantabria, S/N, Boadilla del Monte

15





(Madrid). Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to Santander Seguros y Reaseguros, CIA Aseguradora, S.A.

Name and Business Address of Executive Officers and Directors   Present Principal Occupation and Name of Employer
D. Baldomero Falcones Jaquotot   Independent Director
D. Jorge Morán Sánchez   Executive Vice President (Insurance) of Banco
       Santander Central Hispano
D. Enrique García Candelas   Executive Vice President (Retail Banking),
       Banco Santander Central Hispano
D. Matías Rodríguez Inciarte   Third Vice Chairman and Chairman of the Risk
       Committeeof Banco Santander Central
       Hispano
D. Juan Carlos Rodríguez Cantarero   Independent
D. Nicolás Fernández Martínez   Independent
D. Juan Guitard Marín   Executive Vice President (General Secretariat)
       Banco Santander Central Hispano
D. José María Fuster Van Bendegem   Director, Banco Español de Crédito
D. José Manuel Varela Uña   Senior Vice President (Europe and Consumer
       Lending) Banco Santander Central Hispano
D. Juan Delibes Liniers   Director Banco Español de Crédito
D. Jaime Pérez Renovales   Secretary General and Secretary of the Board of
       Banco Español de Crédito
D. Pedro Larena Landeta   Director, Banco Español de Crédito
D. Gonzalo Alonso Bejuca   Director, Banco Español de Crédito
D. Fernando Estévez Muñoz-Orea   Banesto, Insurance

     The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Santander Investment Bolsa S.V.S.A. are set forth below. The address of Santander Investment Bolsa S.V.S.A. is Ciudad Santander, Av. De Cantabria s/n. 28660 Boadilla del Monte (Madrid). Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to Santander Investment Bolsa S.V.S.A.

Name of Executive Officers and Directors      Present Principal Occupation and Name of Employer
Jorge Antonio Maortua Ruiz-López   Executive Vice President (Treasury) of Banco
       Santander Central Hispano
Vasco Pinto Machado Duarte Silva   Senior Vice President (Investment Banking) of
       Banco Santander Central Hispano
Gabriel Alvarez de Toledo Bandeira   CEO of Santander Investment Bolsa, S.V.S.A
Francisco Martín López Quesada   Former Executive Vice President of Banco
       Santander Central Hispano (retired)
Antonino Ubieta Bravo   Former Senior Vice President of Banco
       Santander Central Hispano (retired)
Angel Torre González   President of Valencia Stock Exchange /calle
       Libreros 2, 46002 Valencia
Francisco de Lera Losada   Managing Director Santander Investment, S.A.
Juan Manuel San Roman López   Deputy Senior Vice President of Banco
       Santander Central Hispano (Europe and
       Consumer Finance)
Rafael de Cascante González-Pagés   Director and secretary of the Board of
       Santander Investment Bolsa, S.V., S.A.

     The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Cartera Mobiliaria, S.A. SICAV are set forth below. The address of Cartera Mobiliaria, S.A.

16





SICAV is Santander, Paseo de Pereda, 9 y 10. Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to Cartera Mobiliaria, S.A. SICAV.

Name of Executive Officers and Directors   Present Principal Occupation and Name of Employer
    Chairman and Managing Director of the Board,
    employee of Banco Santander Central Hispano,
D. Gonzalo Milans del Bosch Medina   S.A.
D. Alberto Corral López-Dóriga   Director, retired
D. Antonio Muñoz Cabrero   Director, retired
D. Angel Jado Becerro de Bengoa   Director, retired

17





TRANSACTIONS IN SHARES OF THE ISSUER SINCE AUGUST 27, 2006

     All of the purchases of Shares set forth below were made by Santander in the 60 days prior to date of Statement:

Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
16/08/2006   Buy   8,416   Open Market   22.44
16/08/2006   Buy   6,000   Open Market   22.35
16/08/2006   Sell   -60,000   Open Market   22.44
16/08/2006   Sell   -636   Open Market   22.43
16/08/2006   Sell   -954   Open Market   22.42
16/08/2006   Sell   -508   Open Market   22.42
16/08/2006   Sell   -177   Open Market   22.42
16/08/2006   Sell   -839   Open Market   22.42
16/08/2006   Sell   -532   Open Market   22.42
16/08/2006   Sell   -177   Open Market   22.42
16/08/2006   Sell   -177   Open Market   22.42
16/08/2006   Sell   -6,000   Open Market   22.35
16/08/2006   Sell   -8,416   Open Market   22.35
17/08/2006   Buy   35,000   Open Market   22.24
17/08/2006   Buy   5,000   Open Market   22.23
18/08/2006   Buy   4,000   Open Market   22.31
18/08/2006   Sell   -1,500   Open Market   22.45
18/08/2006   Sell   -500   Open Market   22.45
18/08/2006   Sell   -3,351   Open Market   22.27
18/08/2006   Sell   -700   Open Market   22.22
21/08/2006   Buy   33,508   Open Market   22.54
21/08/2006   Buy   2,000   Open Market   22.51
21/08/2006   Buy   5,000   Open Market   22.39
21/08/2006   Buy   4,000   Open Market   22.34
21/08/2006   Buy   63,000   Open Market   22.31
21/08/2006   Sell   -1,769   Open Market   22.56
21/08/2006   Sell   -3,231   Open Market   22.56
21/08/2006   Sell   -33   Open Market   22.51
21/08/2006   Sell   -337   Open Market   22.51
21/08/2006   Sell   -1,630   Open Market   22.51
21/08/2006   Sell   -1,884   Open Market   22.44
21/08/2006   Sell   -387   Open Market   22.44
21/08/2006   Sell   -729   Open Market   22.44
21/08/2006   Sell   -26,013   Open Market   22.44
21/08/2006   Sell   -338   Open Market   22.40
21/08/2006   Sell   -2,000   Open Market   22.40
21/08/2006   Sell   -2,000   Open Market   22.40
21/08/2006   Sell   -5   Open Market   22.40
21/08/2006   Sell   -600   Open Market   22.40
21/08/2006   Sell   -57   Open Market   22.40
21/08/2006   Sell   -249   Open Market   22.38
21/08/2006   Sell   -1,186   Open Market   22.38
21/08/2006   Sell   -565   Open Market   22.38
21/08/2006   Sell   -43,987   Open Market   22.35
21/08/2006   Sell   -63,000   Open Market   22.31
21/08/2006   Sell   -3,351   Open Market   22.31
22/08/2006   Buy   779   Open Market   22.75

18





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
22/08/2006   Buy   2,446   Open Market   22.75
22/08/2006   Buy   1,775   Open Market   22.75
22/08/2006   Buy   104   Open Market   22.74
22/08/2006   Buy   1,000   Open Market   22.74
22/08/2006   Buy   5,000   Open Market   22.74
22/08/2006   Buy   1,560   Open Market   22.74
22/08/2006   Buy   100   Open Market   22.74
22/08/2006   Buy   283   Open Market   22.74
22/08/2006   Buy   92   Open Market   22.74
22/08/2006   Buy   80   Open Market   22.74
22/08/2006   Buy   2,500   Open Market   22.74
22/08/2006   Buy   2,500   Open Market   22.74
22/08/2006   Buy   600   Open Market   22.74
22/08/2006   Buy   3,000   Open Market   22.74
22/08/2006   Buy   750   Open Market   22.74
22/08/2006   Buy   50   Open Market   22.74
22/08/2006   Buy   1,500   Open Market   22.74
22/08/2006   Buy   500   Open Market   22.74
22/08/2006   Buy   381   Open Market   22.74
22/08/2006   Buy   336   Open Market   22.72
22/08/2006   Buy   3,982   Open Market   22.72
22/08/2006   Buy   1,682   Open Market   22.72
22/08/2006   Buy   3,000   Open Market   22.71
22/08/2006   Buy   5,000   Open Market   22.68
22/08/2006   Buy   100   Open Market   22.68
22/08/2006   Buy   111   Open Market   22.68
22/08/2006   Buy   33   Open Market   22.68
22/08/2006   Buy   4,756   Open Market   22.68
22/08/2006   Buy   8,550   Open Market   22.68
22/08/2006   Buy   2,881   Open Market   22.68
22/08/2006   Buy   2,283   Open Market   22.68
22/08/2006   Buy   328   Open Market   22.68
22/08/2006   Buy   1,949   Open Market   22.68
22/08/2006   Buy   1,697   Open Market   22.68
22/08/2006   Buy   1,026   Open Market   22.68
22/08/2006   Buy   717   Open Market   22.67
22/08/2006   Buy   10,000   Open Market   22.66
22/08/2006   Buy   36,860   Open Market   22.66
22/08/2006   Buy   10,000   Open Market   22.65
22/08/2006   Buy   20,000   Open Market   22.65
22/08/2006   Buy   6,000   Open Market   22.64
22/08/2006   Buy   10,000   Open Market   22.63
22/08/2006   Buy   76   Open Market   22.63
22/08/2006   Buy   1,924   Open Market   22.63
22/08/2006   Buy   5,379   Open Market   22.62
22/08/2006   Buy   2,123   Open Market   22.62
22/08/2006   Buy   618   Open Market   22.62
22/08/2006   Buy   1,880   Open Market   22.62
22/08/2006   Buy   2,000   Open Market   22.60
22/08/2006   Sell   -954   Open Market   22.78
22/08/2006   Sell   -4,046   Open Market   22.78
22/08/2006   Sell   -236   Open Market   22.77
                 
        19        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
22/08/2006   Sell   -2,800   Open Market   22.77
22/08/2006   Sell   -1,964   Open Market   22.77
22/08/2006   Sell   -2,038   Open Market   22.77
22/08/2006   Sell   -1,785   Open Market   22.77
22/08/2006   Sell   -1,177   Open Market   22.77
22/08/2006   Sell   -45,000   Open Market   22.76
22/08/2006   Sell   -2,000   Open Market   22.75
22/08/2006   Sell   -572   Open Market   22.75
22/08/2006   Sell   -1,923   Open Market   22.75
22/08/2006   Sell   -505   Open Market   22.75
22/08/2006   Sell   -2,189   Open Market   22.74
22/08/2006   Sell   -2,811   Open Market   22.74
22/08/2006   Sell   -5,000   Open Market   22.74
22/08/2006   Sell   -5,000   Open Market   22.74
22/08/2006   Sell   -2,507   Open Market   22.74
22/08/2006   Sell   -1,646   Open Market   22.74
22/08/2006   Sell   -250   Open Market   22.74
22/08/2006   Sell   -834   Open Market   22.74
22/08/2006   Sell   -1,993   Open Market   22.74
22/08/2006   Sell   -709   Open Market   22.73
22/08/2006   Sell   -2,128   Open Market   22.73
22/08/2006   Sell   -163   Open Market   22.73
22/08/2006   Sell   -10,000   Open Market   22.73
22/08/2006   Sell   -250   Open Market   22.72
22/08/2006   Sell   -1,750   Open Market   22.72
22/08/2006   Sell   -500   Open Market   22.71
22/08/2006   Sell   -359   Open Market   22.71
22/08/2006   Sell   -640   Open Market   22.71
22/08/2006   Sell   -837   Open Market   22.71
22/08/2006   Sell   -742   Open Market   22.71
22/08/2006   Sell   -1,922   Open Market   22.71
22/08/2006   Sell   -3,000   Open Market   22.71
22/08/2006   Sell   -35   Open Market   22.67
22/08/2006   Sell   -1,000   Open Market   22.67
22/08/2006   Sell   -5,169   Open Market   22.67
22/08/2006   Sell   -2,283   Open Market   22.67
22/08/2006   Sell   -1,451   Open Market   22.67
22/08/2006   Sell   -62   Open Market   22.67
22/08/2006   Sell   -863   Open Market   22.65
22/08/2006   Sell   -1,000   Open Market   22.65
22/08/2006   Sell   -137   Open Market   22.65
22/08/2006   Sell   -1,500   Open Market   22.64
22/08/2006   Sell   -6,000   Open Market   22.64
23/08/2006   Buy   53,000   Open Market   22.64
23/08/2006   Buy   2,000   Open Market   22.63
23/08/2006   Buy   268   Open Market   22.61
23/08/2006   Buy   196   Open Market   22.61
23/08/2006   Buy   26   Open Market   22.61
23/08/2006   Buy   1,510   Open Market   22.61
23/08/2006   Buy   300   Open Market   22.61
23/08/2006   Buy   300   Open Market   22.61
23/08/2006   Buy   1,400   Open Market   22.61
                 
        20        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
23/08/2006   Buy   1,000   Open Market   22.58
23/08/2006   Buy   1,097   Open Market   22.58
23/08/2006   Buy   159   Open Market   22.58
23/08/2006   Buy   892   Open Market   22.58
23/08/2006   Buy   42   Open Market   22.58
23/08/2006   Buy   1,363   Open Market   22.58
23/08/2006   Buy   200   Open Market   22.58
23/08/2006   Buy   552   Open Market   22.58
23/08/2006   Buy   4,792   Open Market   22.58
23/08/2006   Buy   2,000   Open Market   22.57
23/08/2006   Buy   4,935   Open Market   22.57
23/08/2006   Buy   65   Open Market   22.57
23/08/2006   Buy   137   Open Market   22.56
23/08/2006   Buy   1,117   Open Market   22.56
23/08/2006   Buy   746   Open Market   22.56
23/08/2006   Buy   2,335   Open Market   22.56
23/08/2006   Buy   6,355   Open Market   22.56
23/08/2006   Buy   1,310   Open Market   22.56
23/08/2006   Buy   420   Open Market   22.55
23/08/2006   Buy   545   Open Market   22.55
23/08/2006   Buy   5,000   Open Market   22.55
23/08/2006   Buy   400   Open Market   22.55
23/08/2006   Buy   1,977   Open Market   22.55
23/08/2006   Buy   400   Open Market   22.55
23/08/2006   Buy   1,258   Open Market   22.55
23/08/2006   Buy   1,900   Open Market   22.55
23/08/2006   Buy   1,100   Open Market   22.55
23/08/2006   Buy   5,000   Open Market   22.55
23/08/2006   Buy   30,157   Open Market   22.55
23/08/2006   Sell   -1,136   Open Market   22.67
23/08/2006   Sell   -408   Open Market   22.67
23/08/2006   Sell   -600   Open Market   22.67
23/08/2006   Sell   -89   Open Market   22.67
23/08/2006   Sell   -75   Open Market   22.67
23/08/2006   Sell   -92   Open Market   22.67
23/08/2006   Sell   -300   Open Market   22.67
23/08/2006   Sell   -200   Open Market   22.67
23/08/2006   Sell   -226   Open Market   22.67
23/08/2006   Sell   -417   Open Market   22.67
23/08/2006   Sell   -500   Open Market   22.67
23/08/2006   Sell   -357   Open Market   22.67
23/08/2006   Sell   -300   Open Market   22.67
23/08/2006   Sell   -1,672   Open Market   22.66
23/08/2006   Sell   -593   Open Market   22.66
23/08/2006   Sell   -1,567   Open Market   22.66
23/08/2006   Sell   -233   Open Market   22.66
23/08/2006   Sell   -200   Open Market   22.66
23/08/2006   Sell   -53,000   Open Market   22.64
23/08/2006   Sell   -265   Open Market   22.64
23/08/2006   Sell   -1,634   Open Market   22.64
23/08/2006   Sell   -101   Open Market   22.64
23/08/2006   Sell   -2,000   Open Market   22.63
                 
        21        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
23/08/2006   Sell   -300   Open Market   22.63
23/08/2006   Sell   -300   Open Market   22.63
23/08/2006   Sell   -1,400   Open Market   22.63
23/08/2006   Sell   -50,000   Open Market   22.63
23/08/2006   Sell   -130   Open Market   22.62
23/08/2006   Sell   -192   Open Market   22.62
23/08/2006   Sell   -823   Open Market   22.62
23/08/2006   Sell   -1,855   Open Market   22.62
23/08/2006   Sell   -189   Open Market   22.62
23/08/2006   Sell   -1,000   Open Market   22.62
23/08/2006   Sell   -100   Open Market   22.62
23/08/2006   Sell   -200   Open Market   22.62
23/08/2006   Sell   -1,000   Open Market   22.62
23/08/2006   Sell   -311   Open Market   22.62
23/08/2006   Sell   -200   Open Market   22.62
23/08/2006   Sell   -25   Open Market   22.62
23/08/2006   Sell   -2,000   Open Market   22.61
23/08/2006   Sell   -43   Open Market   22.60
23/08/2006   Sell   -1,957   Open Market   22.60
23/08/2006   Sell   -2,000   Open Market   22.60
23/08/2006   Sell   -5,000   Open Market   22.60
23/08/2006   Sell   -50,000   Open Market   22.60
23/08/2006   Sell   -110   Open Market   22.59
23/08/2006   Sell   -1,890   Open Market   22.59
23/08/2006   Sell   -2,000   Open Market   22.59
23/08/2006   Sell   -725   Open Market   22.59
23/08/2006   Sell   -1,515   Open Market   22.59
23/08/2006   Sell   -760   Open Market   22.59
23/08/2006   Sell   -3,880   Open Market   22.58
23/08/2006   Sell   -1,120   Open Market   22.58
23/08/2006   Sell   -300   Open Market   22.58
23/08/2006   Sell   -522   Open Market   22.58
23/08/2006   Sell   -1,879   Open Market   22.58
23/08/2006   Sell   -553   Open Market   22.58
23/08/2006   Sell   -70   Open Market   22.58
23/08/2006   Sell   -278   Open Market   22.58
23/08/2006   Sell   -65   Open Market   22.53
23/08/2006   Sell   -3,078   Open Market   22.53
23/08/2006   Sell   -6,857   Open Market   22.53
23/08/2006   Sell   -1,000   Open Market   22.51
23/08/2006   Sell   -823   Open Market   22.51
23/08/2006   Sell   -1,500   Open Market   22.51
23/08/2006   Sell   -200   Open Market   22.51
23/08/2006   Sell   -896   Open Market   22.51
23/08/2006   Sell   -37   Open Market   22.51
23/08/2006   Sell   -300   Open Market   22.51
23/08/2006   Sell   -244   Open Market   22.51
24/08/2006   Buy   2,494   Open Market   22.50
24/08/2006   Buy   168   Open Market   22.50
24/08/2006   Buy   159   Open Market   22.50
24/08/2006   Buy   774   Open Market   22.50
24/08/2006   Buy   1,405   Open Market   22.50
                 
        22        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
24/08/2006   Buy   600   Open Market   22.47
24/08/2006   Buy   600   Open Market   22.47
24/08/2006   Buy   786   Open Market   22.47
24/08/2006   Buy   25   Open Market   22.47
24/08/2006   Buy   989   Open Market   22.47
24/08/2006   Buy   968   Open Market   22.45
24/08/2006   Buy   200   Open Market   22.45
24/08/2006   Buy   832   Open Market   22.45
24/08/2006   Buy   42   Open Market   22.44
24/08/2006   Buy   609   Open Market   22.44
24/08/2006   Buy   324   Open Market   22.44
24/08/2006   Buy   25   Open Market   22.44
24/08/2006   Buy   389   Open Market   22.44
24/08/2006   Buy   63   Open Market   22.44
24/08/2006   Buy   1,000   Open Market   22.44
24/08/2006   Buy   548   Open Market   22.44
24/08/2006   Buy   700   Open Market   22.44
24/08/2006   Buy   2,614   Open Market   22.44
24/08/2006   Buy   1,686   Open Market   22.44
24/08/2006   Buy   3,351   Open Market   22.44
24/08/2006   Buy   1,500   Open Market   22.43
24/08/2006   Buy   263   Open Market   22.42
24/08/2006   Buy   3,692   Open Market   22.42
24/08/2006   Buy   310   Open Market   22.42
24/08/2006   Buy   735   Open Market   22.41
24/08/2006   Sell   -872   Open Market   22.52
24/08/2006   Sell   -1,559   Open Market   22.52
24/08/2006   Sell   -763   Open Market   22.52
24/08/2006   Sell   -1,043   Open Market   22.52
24/08/2006   Sell   -763   Open Market   22.52
24/08/2006   Sell   -251   Open Market   22.50
24/08/2006   Sell   -1,749   Open Market   22.50
24/08/2006   Sell   -1,998   Open Market   22.50
24/08/2006   Sell   -2   Open Market   22.50
24/08/2006   Sell   -1,581   Open Market   22.49
24/08/2006   Sell   -1,419   Open Market   22.49
24/08/2006   Sell   -10,000   Open Market   22.48
25/08/2006   Buy   5,000   Open Market   22.61
25/08/2006   Buy   5,000   Open Market   22.61
25/08/2006   Buy   2,500   Open Market   22.61
25/08/2006   Buy   2,500   Open Market   22.61
25/08/2006   Buy   15   Open Market   22.61
25/08/2006   Buy   2,500   Open Market   22.61
25/08/2006   Buy   2,000   Open Market   22.61
25/08/2006   Buy   81   Open Market   22.61
25/08/2006   Buy   404   Open Market   22.61
25/08/2006   Buy   500   Open Market   22.59
25/08/2006   Buy   1,438   Open Market   22.59
25/08/2006   Buy   3,981   Open Market   22.58
25/08/2006   Buy   1,779   Open Market   22.58
25/08/2006   Buy   500   Open Market   22.58
25/08/2006   Buy   1,241   Open Market   22.58
                 
        23        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
25/08/2006   Buy   500   Open Market   22.58
25/08/2006   Buy   61   Open Market   22.57
25/08/2006   Buy   16,754   Open Market   22.54
25/08/2006   Buy   10,000   Open Market   22.48
25/08/2006   Sell   -10,109   Open Market   22.63
25/08/2006   Sell   -200   Open Market   22.62
25/08/2006   Sell   -5,000   Open Market   22.62
25/08/2006   Sell   -1,963   Open Market   22.62
25/08/2006   Sell   -728   Open Market   22.61
25/08/2006   Sell   -2,000   Open Market   22.61
25/08/2006   Sell   -4,639   Open Market   22.60
25/08/2006   Sell   -1,172   Open Market   22.60
25/08/2006   Sell   -598   Open Market   22.60
25/08/2006   Sell   -805   Open Market   22.60
25/08/2006   Sell   -1,503   Open Market   22.60
25/08/2006   Sell   -1,283   Open Market   22.60
25/08/2006   Sell   -787   Open Market   22.54
25/08/2006   Sell   -1,573   Open Market   22.54
25/08/2006   Sell   -1,048   Open Market   22.54
25/08/2006   Sell   -1,312   Open Market   22.54
25/08/2006   Sell   -280   Open Market   22.54
25/08/2006   Sell   -2,500   Open Market   22.52
25/08/2006   Sell   -1,653   Open Market   22.52
25/08/2006   Sell   -826   Open Market   22.51
25/08/2006   Sell   -21   Open Market   22.51
28/08/2006   Buy   362   Open Market   22.64
28/08/2006   Buy   30   Open Market   22.64
28/08/2006   Buy   4,608   Open Market   22.64
28/08/2006   Buy   6,702   Open Market   22.61
28/08/2006   Buy   4,786   Open Market   22.53
28/08/2006   Buy   214   Open Market   22.53
28/08/2006   Sell   -12,798   Open Market   23.44
28/08/2006   Sell   -21,610   Open Market   22.70
28/08/2006   Sell   -1,208   Open Market   22.66
28/08/2006   Sell   -3,524   Open Market   22.66
28/08/2006   Sell   -268   Open Market   22.66
28/08/2006   Sell   -2,000   Open Market   22.59
28/08/2006   Sell   -929   Open Market   22.59
28/08/2006   Sell   -71   Open Market   22.59
28/08/2006   Sell   -300   Open Market   22.57
28/08/2006   Sell   -1,978   Open Market   22.57
28/08/2006   Sell   -1,000   Open Market   22.57
28/08/2006   Sell   -722   Open Market   22.57
28/08/2006   Sell   -1,000   Open Market   22.57
28/08/2006   Sell   -647   Open Market   22.50
28/08/2006   Sell   -2,353   Open Market   22.50
28/08/2006   Sell   -7,515   Open Market   22.50
29/08/2006   Buy   30,000   Open Market   22.85
29/08/2006   Buy   1,867   Open Market   22.79
29/08/2006   Buy   600   Open Market   22.79
29/08/2006   Buy   1,133   Open Market   22.79
29/08/2006   Buy   1,200   Open Market   22.79
                 
        24        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
29/08/2006   Buy   192   Open Market   22.79
29/08/2006   Buy   8   Open Market   22.79
29/08/2006   Buy   3,670   Open Market   22.72
29/08/2006   Buy   1,330   Open Market   22.72
29/08/2006   Buy   1,780   Open Market   22.69
29/08/2006   Buy   1,220   Open Market   22.69
29/08/2006   Buy   25,131   Open Market   22.64
29/08/2006   Buy   1,559   Open Market   22.63
29/08/2006   Buy   1,167   Open Market   22.63
29/08/2006   Buy   33   Open Market   22.63
29/08/2006   Buy   280   Open Market   22.63
29/08/2006   Buy   481   Open Market   22.63
29/08/2006   Buy   1,000   Open Market   22.63
29/08/2006   Buy   129   Open Market   22.63
29/08/2006   Buy   916   Open Market   22.63
29/08/2006   Buy   1,140   Open Market   22.63
29/08/2006   Buy   3,056   Open Market   22.63
29/08/2006   Buy   440   Open Market   22.63
29/08/2006   Buy   377   Open Market   22.63
29/08/2006   Buy   517   Open Market   22.63
29/08/2006   Buy   1,150   Open Market   22.63
29/08/2006   Buy   3,000   Open Market   22.63
29/08/2006   Buy   5,000   Open Market   22.63
29/08/2006   Buy   430   Open Market   22.63
29/08/2006   Buy   351   Open Market   22.63
29/08/2006   Buy   974   Open Market   22.63
29/08/2006   Buy   3,000   Open Market   22.63
29/08/2006   Buy   1,000   Open Market   22.62
29/08/2006   Buy   1,650   Open Market   22.62
29/08/2006   Buy   897   Open Market   22.62
29/08/2006   Buy   1,453   Open Market   22.62
29/08/2006   Buy   2,967   Open Market   22.60
29/08/2006   Buy   33   Open Market   22.60
29/08/2006   Buy   65,000   Open Market   22.58
29/08/2006   Sell   -1,317   Open Market   22.86
29/08/2006   Sell   -2,372   Open Market   22.86
29/08/2006   Sell   -1,311   Open Market   22.86
29/08/2006   Sell   -70,000   Open Market   22.80
29/08/2006   Sell   -5,000   Open Market   22.68
29/08/2006   Sell   -763   Open Market   22.68
29/08/2006   Sell   -300   Open Market   22.68
29/08/2006   Sell   -3,937   Open Market   22.68
29/08/2006   Sell   -3,000   Open Market   22.67
29/08/2006   Sell   -9,647   Open Market   22.66
29/08/2006   Sell   -353   Open Market   22.66
29/08/2006   Sell   -9,465   Open Market   22.64
29/08/2006   Sell   -5,535   Open Market   22.64
30/08/2006   Buy   13,404   Open Market   22.70
30/08/2006   Buy   1,950   Open Market   22.69
30/08/2006   Buy   1,050   Open Market   22.69
30/08/2006   Buy   93   Open Market   22.69
30/08/2006   Buy   2,907   Open Market   22.69
                 
        25        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
30/08/2006   Buy   354   Open Market   22.66
30/08/2006   Buy   4,646   Open Market   22.66
30/08/2006   Buy   6,000   Open Market   22.64
30/08/2006   Buy   8,322   Open Market   22.63
30/08/2006   Buy   1,678   Open Market   22.63
30/08/2006   Buy   50,000   Open Market   22.62
30/08/2006   Buy   5,000   Open Market   22.61
30/08/2006   Buy   59,603   Open Market   22.60
30/08/2006   Buy   600   Open Market   22.59
30/08/2006   Buy   1,022   Open Market   22.59
30/08/2006   Buy   600   Open Market   22.59
30/08/2006   Buy   1,558   Open Market   22.59
30/08/2006   Buy   1,220   Open Market   22.59
30/08/2006   Buy   397   Open Market   22.59
30/08/2006   Buy   2,744   Open Market   22.58
30/08/2006   Buy   2,256   Open Market   22.58
30/08/2006   Sell   -1,190   Open Market   22.81
30/08/2006   Sell   -602   Open Market   22.81
30/08/2006   Sell   -1,208   Open Market   22.81
30/08/2006   Sell   -70,000   Open Market   22.80
30/08/2006   Sell   -419   Open Market   22.72
30/08/2006   Sell   -261   Open Market   22.72
30/08/2006   Sell   -429   Open Market   22.72
30/08/2006   Sell   -271   Open Market   22.72
30/08/2006   Sell   -660   Open Market   22.72
30/08/2006   Sell   -680   Open Market   22.72
30/08/2006   Sell   -280   Open Market   22.72
30/08/2006   Sell   -5,000   Open Market   22.68
30/08/2006   Sell   -3,503   Open Market   22.66
30/08/2006   Sell   -5,000   Open Market   22.66
30/08/2006   Sell   -1,497   Open Market   22.66
30/08/2006   Sell   -6,000   Open Market   22.64
30/08/2006   Sell   -10,000   Open Market   22.60
30/08/2006   Sell   -8,377   Open Market   22.60
31/08/2006   Buy   1,801   Open Market   22.61
31/08/2006   Buy   600   Open Market   22.61
31/08/2006   Buy   500   Open Market   22.61
31/08/2006   Buy   99   Open Market   22.61
31/08/2006   Buy   1,665   Open Market   22.61
31/08/2006   Buy   460   Open Market   22.61
31/08/2006   Buy   785   Open Market   22.61
31/08/2006   Buy   594   Open Market   22.61
31/08/2006   Buy   1,089   Open Market   22.59
31/08/2006   Buy   1,161   Open Market   22.59
31/08/2006   Buy   750   Open Market   22.59
31/08/2006   Buy   588   Open Market   22.59
31/08/2006   Buy   44   Open Market   22.59
31/08/2006   Buy   268   Open Market   22.59
31/08/2006   Buy   252   Open Market   22.59
31/08/2006   Buy   48   Open Market   22.59
31/08/2006   Buy   482   Open Market   22.59
31/08/2006   Buy   735   Open Market   22.59
                 
        26        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
31/08/2006   Buy   1,079   Open Market   22.59
31/08/2006   Buy   1,819   Open Market   22.54
31/08/2006   Buy   81   Open Market   22.54
31/08/2006   Buy   100   Open Market   22.54
31/08/2006   Buy   239   Open Market   22.53
31/08/2006   Buy   500   Open Market   22.53
31/08/2006   Buy   1,261   Open Market   22.53
31/08/2006   Buy   1,192   Open Market   22.52
31/08/2006   Buy   808   Open Market   22.52
31/08/2006   Buy   1,419   Open Market   22.47
31/08/2006   Buy   3,000   Open Market   22.47
31/08/2006   Buy   581   Open Market   22.47
31/08/2006   Buy   1,589   Open Market   22.44
31/08/2006   Buy   10   Open Market   22.44
31/08/2006   Buy   1,382   Open Market   22.44
31/08/2006   Buy   19   Open Market   22.44
31/08/2006   Buy   783   Open Market   22.44
31/08/2006   Buy   37   Open Market   22.44
31/08/2006   Buy   900   Open Market   22.44
31/08/2006   Buy   200   Open Market   22.44
31/08/2006   Buy   1,080   Open Market   22.44
31/08/2006   Buy   75,000   Open Market   22.40
31/08/2006   Sell   -763   Open Market   22.63
31/08/2006   Sell   -763   Open Market   22.63
31/08/2006   Sell   -1,474   Open Market   22.60
31/08/2006   Sell   -50   Open Market   22.49
31/08/2006   Sell   -133   Open Market   22.49
31/08/2006   Sell   -1,000   Open Market   22.47
31/08/2006   Sell   -100   Open Market   22.47
31/08/2006   Sell   -8,900   Open Market   22.47
31/08/2006   Sell   -256   Open Market   22.46
31/08/2006   Sell   -1,761   Open Market   22.46
31/08/2006   Sell   -983   Open Market   22.46
31/08/2006   Sell   -353   Open Market   22.46
31/08/2006   Sell   -250   Open Market   22.46
31/08/2006   Sell   -200   Open Market   22.46
31/08/2006   Sell   -2,197   Open Market   22.46
31/08/2006   Sell   -10,000   Open Market   22.44
31/08/2006   Sell   -16,754   Open Market   22.44
1/09/2006   Buy   8,377   Open Market   22.55
1/09/2006   Buy   4,705   Open Market   22.49
1/09/2006   Buy   295   Open Market   22.49
1/09/2006   Buy   700   Open Market   22.48
1/09/2006   Buy   6,112   Open Market   22.48
1/09/2006   Buy   1,188   Open Market   22.48
1/09/2006   Buy   2,000   Open Market   22.48
1/09/2006   Buy   182   Open Market   22.48
1/09/2006   Buy   4,397   Open Market   22.48
1/09/2006   Buy   15,000   Open Market   22.44
1/09/2006   Buy   11,000   Open Market   22.44
1/09/2006   Buy   3,000   Open Market   22.44
1/09/2006   Buy   3,400   Open Market   22.43
                 
        27        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
1/09/2006   Buy   100   Open Market   22.43
1/09/2006   Buy   100   Open Market   22.43
1/09/2006   Buy   4,565   Open Market   22.43
1/09/2006   Buy   524   Open Market   22.43
1/09/2006   Buy   30   Open Market   22.43
1/09/2006   Buy   1,281   Open Market   22.43
1/09/2006   Buy   374   Open Market   22.43
1/09/2006   Buy   1,158   Open Market   22.43
1/09/2006   Buy   2,705   Open Market   22.43
1/09/2006   Buy   1,158   Open Market   22.43
1/09/2006   Buy   1,157   Open Market   22.43
1/09/2006   Buy   448   Open Market   22.43
1/09/2006   Buy   13,000   Open Market   22.43
1/09/2006   Buy   800,000   Open Market   22.39
1/09/2006   Sell   -4,866   Open Market   22.53
1/09/2006   Sell   -134   Open Market   22.53
1/09/2006   Sell   -4,500   Open Market   22.49
1/09/2006   Sell   -1,300   Open Market   22.49
1/09/2006   Sell   -1,300   Open Market   22.49
1/09/2006   Sell   -400   Open Market   22.49
1/09/2006   Sell   -1,219   Open Market   22.45
1/09/2006   Sell   -2,738   Open Market   22.45
1/09/2006   Sell   -998   Open Market   22.45
1/09/2006   Sell   -41   Open Market   22.45
1/09/2006   Sell   -5,113   Open Market   22.45
1/09/2006   Sell   -1,123   Open Market   22.45
1/09/2006   Sell   -1,290   Open Market   22.45
1/09/2006   Sell   -1,557   Open Market   22.45
1/09/2006   Sell   -5,942   Open Market   22.45
1/09/2006   Sell   -15,000   Open Market   22.44
1/09/2006   Sell   -11,000   Open Market   22.44
1/09/2006   Sell   -94,058   Open Market   22.44
1/09/2006   Sell   -952   Open Market   22.40
1/09/2006   Sell   -550   Open Market   22.40
1/09/2006   Sell   -3,547   Open Market   22.40
1/09/2006   Sell   -701   Open Market   22.40
1/09/2006   Sell   -250   Open Market   22.40
1/09/2006   Sell   -1,525   Open Market   22.39
1/09/2006   Sell   -1,114   Open Market   22.39
1/09/2006   Sell   -17,361   Open Market   22.39
1/09/2006   Sell   -28,482   Open Market   22.39
1/09/2006   Sell   -800,000   Open Market   22.39
4/09/2006   Buy   219   Open Market   22.49
4/09/2006   Buy   1,727   Open Market   22.49
4/09/2006   Buy   6,200   Open Market   22.49
4/09/2006   Buy   1,435   Open Market   22.49
4/09/2006   Buy   967   Open Market   22.49
4/09/2006   Buy   554   Open Market   22.49
4/09/2006   Buy   366   Open Market   22.49
4/09/2006   Buy   200   Open Market   22.49
4/09/2006   Buy   40   Open Market   22.49
4/09/2006   Buy   2,504   Open Market   22.49
                 
        28        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
4/09/2006   Buy   62   Open Market   22.49
4/09/2006   Buy   270   Open Market   22.49
4/09/2006   Buy   71   Open Market   22.49
4/09/2006   Buy   72   Open Market   22.49
4/09/2006   Buy   51   Open Market   22.49
4/09/2006   Buy   130   Open Market   22.49
4/09/2006   Buy   3,000   Open Market   22.49
4/09/2006   Buy   63   Open Market   22.49
4/09/2006   Buy   122   Open Market   22.49
4/09/2006   Buy   100   Open Market   22.49
4/09/2006   Buy   137   Open Market   22.49
4/09/2006   Buy   1,710   Open Market   22.49
4/09/2006   Buy   8,386   Open Market   22.48
4/09/2006   Buy   5,000   Open Market   22.47
4/09/2006   Buy   481   Open Market   22.46
4/09/2006   Buy   4,519   Open Market   22.46
4/09/2006   Buy   3,000   Open Market   22.46
4/09/2006   Buy   2,000   Open Market   22.46
4/09/2006   Buy   810   Open Market   22.45
4/09/2006   Buy   107   Open Market   22.45
4/09/2006   Buy   67   Open Market   22.45
4/09/2006   Buy   159   Open Market   22.45
4/09/2006   Buy   162   Open Market   22.45
4/09/2006   Buy   1,338   Open Market   22.45
4/09/2006   Buy   1,800   Open Market   22.45
4/09/2006   Buy   300   Open Market   22.45
4/09/2006   Buy   257   Open Market   22.45
4/09/2006   Buy   841,000   Open Market   22.39
4/09/2006   Sell   -20,000   Open Market   22.51
4/09/2006   Sell   -2   Open Market   22.51
4/09/2006   Sell   -1,218   Open Market   22.51
4/09/2006   Sell   -1,255   Open Market   22.51
4/09/2006   Sell   -23,480   Open Market   22.51
4/09/2006   Sell   -1,326   Open Market   22.50
4/09/2006   Sell   -1,266   Open Market   22.50
4/09/2006   Sell   -33   Open Market   22.50
4/09/2006   Sell   -357   Open Market   22.50
4/09/2006   Sell   -1,195   Open Market   22.50
4/09/2006   Sell   -678   Open Market   22.50
4/09/2006   Sell   -145   Open Market   22.50
4/09/2006   Sell   -300   Open Market   22.50
4/09/2006   Sell   -1,133   Open Market   22.50
4/09/2006   Sell   -67   Open Market   22.50
4/09/2006   Sell   -169   Open Market   22.50
4/09/2006   Sell   -2,554   Open Market   22.49
4/09/2006   Sell   -2,446   Open Market   22.49
4/09/2006   Sell   -1,000   Open Market   22.49
4/09/2006   Sell   -1,100   Open Market   22.49
4/09/2006   Sell   -1,000   Open Market   22.49
4/09/2006   Sell   -1,900   Open Market   22.49
4/09/2006   Sell   -3,200   Open Market   22.46
4/09/2006   Sell   -1,800   Open Market   22.46
                 
        29        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
4/09/2006   Sell   -841,000   Open Market   22.39
5/09/2006   Buy   86   Open Market   22.47
5/09/2006   Buy   4,854   Open Market   22.47
5/09/2006   Buy   60   Open Market   22.47
5/09/2006   Buy   92   Open Market   22.46
5/09/2006   Buy   1,107   Open Market   22.46
5/09/2006   Buy   51   Open Market   22.46
5/09/2006   Buy   28   Open Market   22.46
5/09/2006   Buy   639   Open Market   22.46
5/09/2006   Buy   3,064   Open Market   22.46
5/09/2006   Buy   19   Open Market   22.46
5/09/2006   Buy   314   Open Market   22.40
5/09/2006   Buy   4,686   Open Market   22.40
5/09/2006   Buy   3,878   Open Market   22.39
5/09/2006   Buy   400   Open Market   22.39
5/09/2006   Buy   722   Open Market   22.39
5/09/2006   Buy   700   Open Market   22.39
5/09/2006   Buy   2,300   Open Market   22.39
5/09/2006   Buy   5,000   Open Market   22.38
5/09/2006   Buy   230   Open Market   22.37
5/09/2006   Buy   737   Open Market   22.37
5/09/2006   Buy   1,485   Open Market   22.37
5/09/2006   Buy   21   Open Market   22.37
5/09/2006   Buy   62   Open Market   22.37
5/09/2006   Buy   90   Open Market   22.37
5/09/2006   Buy   1,345   Open Market   22.37
5/09/2006   Buy   2,883   Open Market   22.37
5/09/2006   Buy   599   Open Market   22.37
5/09/2006   Buy   2,510   Open Market   22.37
5/09/2006   Buy   490   Open Market   22.37
5/09/2006   Buy   2,466   Open Market   22.36
5/09/2006   Buy   290   Open Market   22.36
5/09/2006   Buy   468   Open Market   22.36
5/09/2006   Buy   132   Open Market   22.36
5/09/2006   Buy   509   Open Market   22.36
5/09/2006   Buy   291   Open Market   22.36
5/09/2006   Buy   234   Open Market   22.36
5/09/2006   Buy   600   Open Market   22.36
5/09/2006   Buy   96   Open Market   22.36
5/09/2006   Buy   600   Open Market   22.36
5/09/2006   Buy   10   Open Market   22.36
5/09/2006   Buy   1   Open Market   22.36
5/09/2006   Buy   4,303   Open Market   22.36
5/09/2006   Buy   3,000   Open Market   22.36
5/09/2006   Buy   3,000   Open Market   22.36
5/09/2006   Buy   10,000   Open Market   22.36
5/09/2006   Sell   -300   Open Market   22.49
5/09/2006   Sell   -300   Open Market   22.49
5/09/2006   Sell   -4,977   Open Market   22.48
5/09/2006   Sell   -23   Open Market   22.48
5/09/2006   Sell   -308   Open Market   22.41
5/09/2006   Sell   -130   Open Market   22.41
                 
        30        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
5/09/2006   Sell   -100   Open Market   22.41
5/09/2006   Sell   -3,833   Open Market   22.41
5/09/2006   Sell   -200   Open Market   22.41
5/09/2006   Sell   -1,650   Open Market   22.41
5/09/2006   Sell   -134   Open Market   22.41
5/09/2006   Sell   -341   Open Market   22.41
5/09/2006   Sell   -224   Open Market   22.41
5/09/2006   Sell   -938   Open Market   22.41
5/09/2006   Sell   -811   Open Market   22.41
5/09/2006   Sell   -1,331   Open Market   22.41
5/09/2006   Sell   -3,000   Open Market   22.40
5/09/2006   Sell   -5,000,000   Open Market   22.40
5/09/2006   Sell   -1   Open Market   22.39
5/09/2006   Sell   -144   Open Market   22.39
5/09/2006   Sell   -27   Open Market   22.39
5/09/2006   Sell   -1,433   Open Market   22.39
5/09/2006   Sell   -1,232   Open Market   22.39
5/09/2006   Sell   -2,000   Open Market   22.39
5/09/2006   Sell   -2,423   Open Market   22.39
5/09/2006   Sell   -1,519   Open Market   22.39
5/09/2006   Sell   -500   Open Market   22.39
5/09/2006   Sell   -558   Open Market   22.39
5/09/2006   Sell   -786   Open Market   22.39
5/09/2006   Sell   -5,918   Open Market   22.39
5/09/2006   Sell   -2,542   Open Market   22.39
5/09/2006   Sell   -754   Open Market   22.39
5/09/2006   Sell   -8,386   Open Market   22.39
5/09/2006   Sell   -3,910   Open Market   22.38
5/09/2006   Sell   -702   Open Market   22.38
5/09/2006   Sell   -1,175   Open Market   22.38
5/09/2006   Sell   -100   Open Market   22.38
5/09/2006   Sell   -1,276   Open Market   22.38
5/09/2006   Sell   -3,000   Open Market   22.38
5/09/2006   Sell   -1,411   Open Market   22.38
5/09/2006   Sell   -660   Open Market   22.38
5/09/2006   Sell   -900   Open Market   22.38
5/09/2006   Sell   -29   Open Market   22.38
5/09/2006   Sell   -4,971   Open Market   22.38
5/09/2006   Sell   -29   Open Market   22.38
5/09/2006   Sell   -50,000   Open Market   22.38
5/09/2006   Sell   -38   Open Market   22.36
5/09/2006   Sell   -1,264   Open Market   22.36
5/09/2006   Sell   -1,367   Open Market   22.36
5/09/2006   Sell   -821   Open Market   22.36
5/09/2006   Sell   -400   Open Market   22.36
5/09/2006   Sell   -1,110   Open Market   22.36
6/09/2006   Buy   974   Open Market   22.36
6/09/2006   Buy   1,490   Open Market   22.36
6/09/2006   Buy   1,950   Open Market   22.36
6/09/2006   Buy   39   Open Market   22.36
6/09/2006   Buy   327   Open Market   22.36
6/09/2006   Buy   39   Open Market   22.36
                 
        31        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
6/09/2006   Buy   181   Open Market   22.36
6/09/2006   Buy   5,000   Open Market   22.35
6/09/2006   Buy   4,065   Open Market   22.28
6/09/2006   Buy   2,000   Open Market   22.28
6/09/2006   Buy   32   Open Market   22.28
6/09/2006   Buy   164   Open Market   22.28
6/09/2006   Buy   16,465   Open Market   22.28
6/09/2006   Buy   2,500   Open Market   22.28
6/09/2006   Buy   5,500   Open Market   22.28
6/09/2006   Buy   2,000   Open Market   22.28
6/09/2006   Buy   3,000   Open Market   22.27
6/09/2006   Buy   70,000   Open Market   22.27
6/09/2006   Buy   242   Open Market   22.27
6/09/2006   Buy   127   Open Market   22.27
6/09/2006   Buy   2,000   Open Market   22.27
6/09/2006   Buy   275   Open Market   22.27
6/09/2006   Buy   200   Open Market   22.27
6/09/2006   Buy   156   Open Market   22.27
6/09/2006   Buy   3,000   Open Market   22.27
6/09/2006   Buy   3,000   Open Market   22.27
6/09/2006   Buy   2,300   Open Market   22.26
6/09/2006   Buy   86   Open Market   22.26
6/09/2006   Buy   2,000   Open Market   22.26
6/09/2006   Buy   1,300   Open Market   22.26
6/09/2006   Buy   700   Open Market   22.26
6/09/2006   Buy   500   Open Market   22.26
6/09/2006   Buy   500   Open Market   22.26
6/09/2006   Buy   2,000   Open Market   22.26
6/09/2006   Buy   160   Open Market   22.25
6/09/2006   Buy   2,840   Open Market   22.25
6/09/2006   Buy   3,000   Open Market   22.24
6/09/2006   Buy   3,000   Open Market   22.23
6/09/2006   Buy   2,000   Open Market   22.23
6/09/2006   Buy   121   Open Market   22.20
6/09/2006   Buy   500   Open Market   22.20
6/09/2006   Buy   3,354   Open Market   22.20
6/09/2006   Buy   1,025   Open Market   22.20
6/09/2006   Buy   1   Open Market   22.14
6/09/2006   Buy   914   Open Market   22.14
6/09/2006   Buy   852   Open Market   22.14
6/09/2006   Buy   685   Open Market   22.14
6/09/2006   Buy   1,834   Open Market   22.14
6/09/2006   Buy   168   Open Market   22.14
6/09/2006   Buy   546   Open Market   22.14
6/09/2006   Buy   4,370   Open Market   22.13
6/09/2006   Buy   630   Open Market   22.13
6/09/2006   Buy   8,386   Open Market   22.13
6/09/2006   Sell   -5,000   Open Market   22.39
6/09/2006   Sell   -1,573   Open Market   22.31
6/09/2006   Sell   -59   Open Market   22.31
6/09/2006   Sell   -400   Open Market   22.31
6/09/2006   Sell   -500   Open Market   22.31
                 
        32        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
6/09/2006   Sell   -468   Open Market   22.31
6/09/2006   Sell   -3,000   Open Market   22.30
6/09/2006   Sell   -357   Open Market   22.29
6/09/2006   Sell   -500   Open Market   22.29
6/09/2006   Sell   -4,718   Open Market   22.29
6/09/2006   Sell   -4,425   Open Market   22.29
6/09/2006   Sell   -9,279   Open Market   22.29
6/09/2006   Sell   -4,213   Open Market   22.29
6/09/2006   Sell   -250   Open Market   22.29
6/09/2006   Sell   -50   Open Market   22.29
6/09/2006   Sell   -4,700   Open Market   22.29
6/09/2006   Sell   -70,000   Open Market   22.27
6/09/2006   Sell   -13,416   Open Market   22.17
6/09/2006   Sell   -4,060   Open Market   22.15
6/09/2006   Sell   -5,940   Open Market   22.15
6/09/2006   Sell   -8,372   Open Market   22.15
6/09/2006   Sell   -600   Open Market   22.15
6/09/2006   Sell   -1,855   Open Market   22.15
6/09/2006   Sell   -1,600   Open Market   22.15
6/09/2006   Sell   -20,000   Open Market   22.13
7/09/2006   Buy   22,000   Open Market   21.95
7/09/2006   Buy   32,810   Open Market   21.94
7/09/2006   Buy   6,073   Open Market   21.94
7/09/2006   Buy   12,000   Open Market   21.93
7/09/2006   Buy   1,200   Open Market   21.92
7/09/2006   Buy   254   Open Market   21.92
7/09/2006   Buy   546   Open Market   21.92
7/09/2006   Buy   401   Open Market   21.92
7/09/2006   Buy   1,383   Open Market   21.92
7/09/2006   Buy   1,216   Open Market   21.92
7/09/2006   Buy   100   Open Market   21.92
7/09/2006   Buy   62   Open Market   21.92
7/09/2006   Buy   1,200   Open Market   21.92
7/09/2006   Buy   40   Open Market   21.92
7/09/2006   Buy   1,760   Open Market   21.92
7/09/2006   Buy   16,190   Open Market   21.92
7/09/2006   Buy   3,354   Open Market   21.91
7/09/2006   Buy   2,000   Open Market   21.91
7/09/2006   Buy   22,000   Open Market   21.90
7/09/2006   Buy   5,000   Open Market   21.90
7/09/2006   Buy   298,627   Open Market   21.90
7/09/2006   Buy   129,872   Open Market   21.89
7/09/2006   Buy   115,590   Open Market   21.88
7/09/2006   Buy   63,135   Open Market   21.87
7/09/2006   Buy   52,845   Open Market   21.86
7/09/2006   Buy   50,000   Open Market   21.85
7/09/2006   Buy   2,510   Open Market   21.84
7/09/2006   Buy   1,322   Open Market   21.84
7/09/2006   Buy   196   Open Market   21.84
7/09/2006   Buy   4,000   Open Market   21.84
7/09/2006   Buy   1,972   Open Market   21.84
7/09/2006   Buy   5,000   Open Market   21.84
                 
        33        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
7/09/2006   Buy   70,000   Open Market   21.83
7/09/2006   Buy   2,431   Open Market   21.82
7/09/2006   Sell   -300   Open Market   21.96
7/09/2006   Sell   -700   Open Market   21.96
7/09/2006   Sell   -300   Open Market   21.94
7/09/2006   Sell   -300   Open Market   21.94
7/09/2006   Sell   -2,572   Open Market   21.94
7/09/2006   Sell   -128   Open Market   21.94
7/09/2006   Sell   -300   Open Market   21.94
7/09/2006   Sell   -300   Open Market   21.94
7/09/2006   Sell   -300   Open Market   21.94
7/09/2006   Sell   -800   Open Market   21.94
7/09/2006   Sell   -744   Open Market   21.94
7/09/2006   Sell   -2,256   Open Market   21.94
7/09/2006   Sell   -6,073   Open Market   21.94
7/09/2006   Sell   -3,000   Open Market   21.93
7/09/2006   Sell   -79   Open Market   21.91
7/09/2006   Sell   -250   Open Market   21.91
7/09/2006   Sell   -275   Open Market   21.91
7/09/2006   Sell   -150   Open Market   21.91
7/09/2006   Sell   -4   Open Market   21.91
7/09/2006   Sell   -190   Open Market   21.91
7/09/2006   Sell   -2,052   Open Market   21.91
7/09/2006   Sell   -5,000   Open Market   21.90
7/09/2006   Sell   -179   Open Market   21.90
7/09/2006   Sell   -1,382   Open Market   21.90
7/09/2006   Sell   -3,439   Open Market   21.90
7/09/2006   Sell   -1,250,000   Open Market   21.89
7/09/2006   Sell   -1,250,000   Open Market   21.88
7/09/2006   Sell   -5,000   Open Market   21.87
7/09/2006   Sell   -186   Open Market   21.87
7/09/2006   Sell   -213   Open Market   21.87
7/09/2006   Sell   -4,601   Open Market   21.87
7/09/2006   Sell   -595   Open Market   21.85
7/09/2006   Sell   -4,405   Open Market   21.85
8/09/2006   Buy   2,000   Open Market   22.06
8/09/2006   Buy   1,000   Open Market   22.04
8/09/2006   Buy   1,973   Open Market   22.04
8/09/2006   Buy   2,396   Open Market   21.97
8/09/2006   Buy   150   Open Market   21.96
8/09/2006   Buy   2,454   Open Market   21.96
8/09/2006   Buy   1,236   Open Market   21.95
8/09/2006   Buy   150   Open Market   21.95
8/09/2006   Buy   1,000   Open Market   21.95
8/09/2006   Buy   900   Open Market   21.95
8/09/2006   Buy   1,714   Open Market   21.95
8/09/2006   Buy   2,050   Open Market   21.91
8/09/2006   Buy   950   Open Market   21.91
8/09/2006   Buy   3,000   Open Market   21.90
8/09/2006   Buy   5,000   Open Market   21.89
8/09/2006   Sell   -20   Open Market   22.08
8/09/2006   Sell   -2,980   Open Market   22.08
                 
        34        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
8/09/2006   Sell   -2,117   Open Market   22.00
8/09/2006   Sell   -2,883   Open Market   22.00
8/09/2006   Sell   -1,330   Open Market   21.97
8/09/2006   Sell   -1,670   Open Market   21.97
8/09/2006   Sell   -5,093   Open Market   21.95
8/09/2006   Sell   -1,000   Open Market   21.95
8/09/2006   Sell   -3,907   Open Market   21.95
8/09/2006   Sell   -50,000   Open Market   21.93
8/09/2006   Sell   -2,263   Open Market   21.93
8/09/2006   Sell   -2,737   Open Market   21.93
11/09/2006   Buy   119   Open Market   21.90
11/09/2006   Buy   20   Open Market   21.90
11/09/2006   Buy   500   Open Market   21.90
11/09/2006   Buy   2,992   Open Market   21.90
11/09/2006   Buy   1,269   Open Market   21.90
11/09/2006   Buy   100   Open Market   21.90
11/09/2006   Buy   5,000   Open Market   21.85
11/09/2006   Buy   600   Open Market   21.84
11/09/2006   Buy   600   Open Market   21.84
11/09/2006   Buy   600   Open Market   21.84
11/09/2006   Buy   600   Open Market   21.84
11/09/2006   Buy   600   Open Market   21.84
11/09/2006   Buy   100   Open Market   21.84
11/09/2006   Buy   400   Open Market   21.84
11/09/2006   Buy   100   Open Market   21.84
11/09/2006   Buy   600   Open Market   21.84
11/09/2006   Buy   800   Open Market   21.84
11/09/2006   Buy   2,395   Open Market   21.83
11/09/2006   Buy   922   Open Market   21.83
11/09/2006   Buy   5,000   Open Market   21.80
11/09/2006   Buy   5,000   Open Market   21.79
11/09/2006   Buy   5,000   Open Market   21.79
11/09/2006   Buy   3,207   Open Market   21.76
11/09/2006   Buy   997   Open Market   21.76
11/09/2006   Buy   796   Open Market   21.76
11/09/2006   Buy   17,000   Open Market   21.76
11/09/2006   Buy   5,000   Open Market   21.74
11/09/2006   Buy   341   Open Market   21.74
11/09/2006   Buy   19   Open Market   21.74
11/09/2006   Buy   2,640   Open Market   21.74
11/09/2006   Buy   15,000   Open Market   21.70
11/09/2006   Buy   3,000   Open Market   21.69
11/09/2006   Buy   5,000   Open Market   21.68
11/09/2006   Buy   5,000   Open Market   21.68
11/09/2006   Buy   5,400   Open Market   21.67
11/09/2006   Buy   2,961   Open Market   21.67
11/09/2006   Buy   2,500   Open Market   21.67
11/09/2006   Buy   200   Open Market   21.67
11/09/2006   Buy   50,000   Open Market   21.67
11/09/2006   Buy   300   Open Market   21.66
11/09/2006   Buy   300   Open Market   21.66
11/09/2006   Buy   300   Open Market   21.66
                 
        35        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
11/09/2006   Sell   -3,576   Open Market   21.91
11/09/2006   Sell   -576   Open Market   21.91
11/09/2006   Sell   -750   Open Market   21.91
11/09/2006   Sell   -98   Open Market   21.91
11/09/2006   Sell   -3,000   Open Market   21.87
11/09/2006   Sell   -100   Open Market   21.81
11/09/2006   Sell   -1,335   Open Market   21.81
11/09/2006   Sell   -1,872   Open Market   21.81
11/09/2006   Sell   -1,693   Open Market   21.81
11/09/2006   Sell   -2,340   Open Market   21.80
11/09/2006   Sell   -1,951   Open Market   21.80
11/09/2006   Sell   -709   Open Market   21.80
11/09/2006   Sell   -2,006   Open Market   21.79
11/09/2006   Sell   -994   Open Market   21.79
11/09/2006   Sell   -1,142   Open Market   21.77
11/09/2006   Sell   -3,000   Open Market   21.77
11/09/2006   Sell   -229   Open Market   21.77
11/09/2006   Sell   -629   Open Market   21.77
11/09/2006   Sell   -1,662   Open Market   21.71
11/09/2006   Sell   -2,338   Open Market   21.71
11/09/2006   Sell   -2,449   Open Market   21.70
11/09/2006   Sell   -2,218   Open Market   21.70
11/09/2006   Sell   -3,333   Open Market   21.69
11/09/2006   Sell   -2,000   Open Market   21.69
11/09/2006   Sell   -2,205   Open Market   21.69
11/09/2006   Sell   -795   Open Market   21.69
11/09/2006   Sell   -3,000   Open Market   21.69
11/09/2006   Sell   -1,762   Open Market   21.68
11/09/2006   Sell   -1,000   Open Market   21.68
11/09/2006   Sell   -3,000   Open Market   21.68
11/09/2006   Sell   -238   Open Market   21.68
11/09/2006   Sell   -271   Open Market   21.68
11/09/2006   Sell   -4,729   Open Market   21.68
11/09/2006   Sell   -1,098   Open Market   21.68
11/09/2006   Sell   -1,000   Open Market   21.68
11/09/2006   Sell   -300   Open Market   21.68
11/09/2006   Sell   -602   Open Market   21.68
12/09/2006   Buy   2,053   Open Market   21.88
12/09/2006   Buy   2,947   Open Market   21.88
12/09/2006   Buy   2,264   Open Market   21.85
12/09/2006   Buy   2,388   Open Market   21.85
12/09/2006   Buy   348   Open Market   21.85
12/09/2006   Buy   244   Open Market   21.85
12/09/2006   Buy   727   Open Market   21.85
12/09/2006   Buy   2,780   Open Market   21.85
12/09/2006   Buy   1,249   Open Market   21.85
12/09/2006   Buy   5,000   Open Market   21.80
12/09/2006   Buy   2,107   Open Market   21.80
12/09/2006   Buy   175   Open Market   21.80
12/09/2006   Buy   2,718   Open Market   21.80
12/09/2006   Buy   1,256   Open Market   21.77
12/09/2006   Buy   229   Open Market   21.77
                 
        36        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
12/09/2006   Buy   515   Open Market   21.77
12/09/2006   Buy   4,975   Open Market   21.75
12/09/2006   Buy   25   Open Market   21.75
12/09/2006   Buy   1,815   Open Market   21.68
12/09/2006   Buy   3,185   Open Market   21.68
12/09/2006   Buy   2,000   Open Market   21.63
12/09/2006   Sell   -1,758   Open Market   21.90
12/09/2006   Sell   -3,242   Open Market   21.90
12/09/2006   Sell   -5,000   Open Market   21.87
12/09/2006   Sell   -2,035   Open Market   21.85
12/09/2006   Sell   -1,165   Open Market   21.85
12/09/2006   Sell   -1,800   Open Market   21.85
12/09/2006   Sell   -25,158   Open Market   21.83
12/09/2006   Sell   -2,015   Open Market   21.82
12/09/2006   Sell   -1,400   Open Market   21.82
12/09/2006   Sell   -1,585   Open Market   21.82
12/09/2006   Sell   -2,729   Open Market   21.81
12/09/2006   Sell   -1,927   Open Market   21.81
12/09/2006   Sell   -344   Open Market   21.81
12/09/2006   Sell   -5,000   Open Market   21.79
12/09/2006   Sell   -1,600   Open Market   21.72
12/09/2006   Sell   -752   Open Market   21.72
12/09/2006   Sell   -2,648   Open Market   21.72
12/09/2006   Sell   -2,000   Open Market   21.68
13/09/2006   Buy   8,386   Open Market   21.94
13/09/2006   Buy   39,604   Open Market   21.85
13/09/2006   Buy   156   Open Market   21.79
13/09/2006   Buy   238   Open Market   21.79
13/09/2006   Buy   100   Open Market   21.79
13/09/2006   Buy   583   Open Market   21.79
13/09/2006   Buy   1,693   Open Market   21.79
13/09/2006   Buy   438   Open Market   21.79
13/09/2006   Buy   1,792   Open Market   21.79
13/09/2006   Buy   3,000   Open Market   21.76
13/09/2006   Buy   1,103   Open Market   21.76
13/09/2006   Buy   131   Open Market   21.76
13/09/2006   Buy   1,241   Open Market   21.76
13/09/2006   Buy   525   Open Market   21.76
13/09/2006   Buy   2,215   Open Market   21.73
13/09/2006   Buy   6   Open Market   21.73
13/09/2006   Buy   250   Open Market   21.73
13/09/2006   Buy   260   Open Market   21.73
13/09/2006   Buy   269   Open Market   21.73
13/09/2006   Buy   5,000   Open Market   21.63
13/09/2006   Buy   3,000   Open Market   21.62
13/09/2006   Buy   251,582   Open Market   21.61
13/09/2006   Buy   25,000   Open Market   21.60
13/09/2006   Buy   5,187   Open Market   21.56
13/09/2006   Buy   4,813   Open Market   21.56
13/09/2006   Sell   -39,604   Open Market   21.85
13/09/2006   Sell   -500   Open Market   21.82
13/09/2006   Sell   -2,698   Open Market   21.82
                 
        37        





Date of Transaction
 (Day/Month/Year)		   Buy/Sell   Number of Shares
 Purchased		   Nature of Purchase   Price Per Share
13/09/2006   Sell   -15   Open Market   21.82
13/09/2006   Sell   -1,787   Open Market   21.82
13/09/2006   Sell   -1,000   Open Market   21.82
13/09/2006   Sell   -1,000   Open Market   21.80
13/09/2006   Sell   -1,000   Open Market   21.80
13/09/2006   Sell   -3,000   Open Market   21.62
13/09/2006   Sell   -4,930   Open Market   21.61
13/09/2006   Sell   -70   Open Market   21.61
13/09/2006   Sell   -140,493   Open Market   21.61
13/09/2006   Sell   -10,000   Open Market   21.59
13/09/2006   Sell   -20,124   Open Market   21.57
14/09/2006   Buy   3,354   Open Market   21.74
14/09/2006   Buy   3,500   Open Market   21.71
14/09/2006   Buy   206   Open Market   21.70
14/09/2006   Buy   2,622   Open Market   21.70
14/09/2006   Buy   125   Open Market   21.70
14/09/2006   Buy   2,047   Open Market   21.70
14/09/2006   Buy   5,000   Open Market   21.67
14/09/2006   Buy   13,212   Open Market   21.61
14/09/2006   Buy   158   Open Market   21.60
14/09/2006   Buy   409   Open Market   21.60
14/09/2006   Buy   2,100   Open Market   21.60
14/09/2006   Buy   100   Open Market   21.60
14/09/2006   Buy   2,233   Open Market   21.60
14/09/2006   Buy   2,629   Open Market   21.55
14/09/2006   Buy   139   Open Market   21.55
14/09/2006   Buy   2,232   Open Market   21.55
14/09/2006   Buy   3,838   Open Market   21.55
14/09/2006   Buy   1,162   Open Market   21.55
14/09/2006   Buy   2,454   Open Market   21.53
14/09/2006   Buy   3,390   Open Market   21.53
14/09/2006   Buy   5,000   Open Market   21.53
14/09/2006   Buy   5,000   Open Market   21.53
14/09/2006   Buy   5,000   Open Market   21.50
14/09/2006   Buy   64,069   Open Market   21.49
14/09/2006   Buy   178   Open Market   21.48
14/09/2006   Buy   5,000   Open Market   21.48
14/09/2006   Buy   37   Open Market   21.48
14/09/2006   Buy   1,845   Open Market   21.48
14/09/2006   Buy   2,089   Open Market   21.48
14/09/2006   Buy   37   Open Market   21.48
14/09/2006   Buy   814   Open Market   21.48
14/09/2006   Sell   -16   Open Market   21.77
14/09/2006   Sell   -83   Open Market   21.77
14/09/2006   Sell   -275   Open Market   21.77
14/09/2006   Sell   -100   Open Market   21.77
14/09/2006   Sell   -4,526   Open Market   21.77
14/09/2006   Sell   -809   Open Market   21.76
14/09/2006   Sell   -1,818   Open Market   21.76
14/09/2006   Sell   -2,373   Open Market   21.76
14/09/2006   Sell   -3   Open Market   21.74
14/09/2006   Sell   -2,997   Open Market   21.74
                 
        38        





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
14/09/2006   Sell   -238   Open Market   21.72
14/09/2006   Sell   -1,762   Open Market   21.72
14/09/2006   Sell   -1,000   Open Market   21.72
14/09/2006   Sell   -13,212   Open Market   21.61
14/09/2006   Sell   -100   Open Market   21.58
14/09/2006   Sell   -1,538   Open Market   21.57
14/09/2006   Sell   -1,997   Open Market   21.57
14/09/2006   Sell   -3,131   Open Market   21.57
14/09/2006   Sell   -4,230   Open Market   21.55
14/09/2006   Sell   -1,775   Open Market   21.55
14/09/2006   Sell   -874   Open Market   21.55
14/09/2006   Sell   -3,121   Open Market   21.55
14/09/2006   Sell   -3,000   Open Market   21.53
14/09/2006   Sell   -40,000   Open Market   21.52
14/09/2006   Sell   -5,306   Open Market   21.51
14/09/2006   Sell   -1,323   Open Market   21.51
14/09/2006   Sell   -1,134   Open Market   21.51
14/09/2006   Sell   -1,779   Open Market   21.50
14/09/2006   Sell   -1,192   Open Market   21.50
14/09/2006   Sell   -803   Open Market   21.50
14/09/2006   Sell   -3,378   Open Market   21.50
14/09/2006   Sell   -1,109   Open Market   21.50
14/09/2006   Sell   -1,937   Open Market   21.50
14/09/2006   Sell   -9,302   Open Market   21.50
14/09/2006   Sell   -2,000   Open Market   21.50
15/09/2006   Buy   3,000   Open Market   21.69
15/09/2006   Buy   2,480   Open Market   21.63
15/09/2006   Buy   2,520   Open Market   21.63
15/09/2006   Buy   50,310   Open Market   21.58
15/09/2006   Buy   45,300   Open Market   21.55
15/09/2006   Buy   2,114   Open Market   21.53
15/09/2006   Buy   576   Open Market   21.53
15/09/2006   Buy   78   Open Market   21.53
15/09/2006   Buy   390   Open Market   21.53
15/09/2006   Buy   1,842   Open Market   21.53
15/09/2006   Buy   1,492   Open Market   21.50
15/09/2006   Buy   2,325   Open Market   21.50
15/09/2006   Buy   2,325   Open Market   21.50
15/09/2006   Buy   533   Open Market   21.50
15/09/2006   Buy   2,325   Open Market   21.50
15/09/2006   Buy   5,000   Open Market   21.49
15/09/2006   Buy   3,000   Open Market   21.49
15/09/2006   Buy   2,032   Open Market   21.47
15/09/2006   Buy   2,328   Open Market   21.47
15/09/2006   Buy   640   Open Market   21.47
15/09/2006   Buy   5,000   Open Market   21.46
15/09/2006   Buy   5,000   Open Market   21.46
15/09/2006   Buy   5,000   Open Market   21.45
15/09/2006   Buy   4,078   Open Market   21.43
15/09/2006   Buy   84   Open Market   21.43
15/09/2006   Buy   2,134   Open Market   21.43
15/09/2006   Buy   66   Open Market   21.43
 
39





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
15/09/2006   Buy   350   Open Market   21.43
15/09/2006   Buy   100,000   Open Market   21.43
15/09/2006   Buy   2,400   Open Market   21.42
15/09/2006   Buy   2,600   Open Market   21.42
15/09/2006   Sell   -50,000   Open Market   23.00
15/09/2006   Sell   -20,000   Open Market   22.00
15/09/2006   Sell   -3,000   Open Market   21.61
15/09/2006   Sell   -4,069   Open Market   21.57
15/09/2006   Sell   -821   Open Market   21.57
15/09/2006   Sell   -1,400   Open Market   21.57
15/09/2006   Sell   -2,000   Open Market   21.57
15/09/2006   Sell   -916   Open Market   21.57
15/09/2006   Sell   -694   Open Market   21.57
15/09/2006   Sell   -100   Open Market   21.57
15/09/2006   Sell   -35,000   Open Market   21.56
15/09/2006   Sell   -1,969   Open Market   21.55
15/09/2006   Sell   -2,469   Open Market   21.55
15/09/2006   Sell   -562   Open Market   21.55
15/09/2006   Sell   -6,575   Open Market   21.55
15/09/2006   Sell   -8,386   Open Market   21.55
15/09/2006   Sell   -870   Open Market   21.54
15/09/2006   Sell   -903   Open Market   21.54
15/09/2006   Sell   -500   Open Market   21.54
15/09/2006   Sell   -1,635   Open Market   21.54
15/09/2006   Sell   -1,092   Open Market   21.54
15/09/2006   Sell   -55   Open Market   21.52
15/09/2006   Sell   -251   Open Market   21.52
15/09/2006   Sell   -4,694   Open Market   21.52
15/09/2006   Sell   -10   Open Market   21.51
15/09/2006   Sell   -4,990   Open Market   21.51
15/09/2006   Sell   -1,915   Open Market   21.51
15/09/2006   Sell   -200   Open Market   21.51
15/09/2006   Sell   -885   Open Market   21.51
15/09/2006   Sell   -1,244   Open Market   21.51
15/09/2006   Sell   -1,320   Open Market   21.51
15/09/2006   Sell   -63   Open Market   21.51
15/09/2006   Sell   -16   Open Market   21.51
15/09/2006   Sell   -12   Open Market   21.51
15/09/2006   Sell   -390   Open Market   21.51
15/09/2006   Sell   -4,582   Open Market   21.51
15/09/2006   Sell   -2,500   Open Market   21.51
15/09/2006   Sell   -701   Open Market   21.51
15/09/2006   Sell   -1,799   Open Market   21.51
15/09/2006   Sell   -5,000   Open Market   21.48
18/09/2006   Buy   100,399   Open Market   21.90
18/09/2006   Buy   119,893   Open Market   21.89
18/09/2006   Buy   12,248   Open Market   21.88
18/09/2006   Buy   26,500   Open Market   21.85
18/09/2006   Buy   2,000   Open Market   21.84
18/09/2006   Buy   4,000   Open Market   21.84
18/09/2006   Buy   100   Open Market   21.83
18/09/2006   Buy   52   Open Market   21.83
 
40





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
18/09/2006   Buy   300   Open Market   21.83
18/09/2006   Buy   62   Open Market   21.83
18/09/2006   Buy   100   Open Market   21.83
18/09/2006   Buy   2,100   Open Market   21.83
18/09/2006   Buy   214   Open Market   21.83
18/09/2006   Buy   2,172   Open Market   21.83
18/09/2006   Buy   4,900   Open Market   21.83
18/09/2006   Buy   3,000   Open Market   21.77
18/09/2006   Buy   1,117   Open Market   21.74
18/09/2006   Buy   39   Open Market   21.74
18/09/2006   Buy   844   Open Market   21.74
18/09/2006   Buy   1,539   Open Market   21.74
18/09/2006   Buy   500   Open Market   21.74
18/09/2006   Buy   37   Open Market   21.74
18/09/2006   Buy   700   Open Market   21.74
18/09/2006   Buy   2,196   Open Market   21.74
18/09/2006   Buy   28   Open Market   21.74
18/09/2006   Buy   1,563   Open Market   21.73
18/09/2006   Buy   437   Open Market   21.73
18/09/2006   Buy   5,000   Open Market   21.72
18/09/2006   Sell   -3,448   Open Market   21.92
18/09/2006   Sell   -3,000   Open Market   21.88
18/09/2006   Sell   -3,000   Open Market   21.87
18/09/2006   Sell   -1,150   Open Market   21.86
18/09/2006   Sell   -850   Open Market   21.86
18/09/2006   Sell   -857   Open Market   21.86
18/09/2006   Sell   -202   Open Market   21.86
18/09/2006   Sell   -2,941   Open Market   21.86
18/09/2006   Sell   -45,000   Open Market   21.82
18/09/2006   Sell   -10,000   Open Market   21.78
18/09/2006   Sell   -1,000   Open Market   21.77
18/09/2006   Sell   -350   Open Market   21.77
18/09/2006   Sell   -150   Open Market   21.77
18/09/2006   Sell   -500   Open Market   21.77
18/09/2006   Sell   -15,699   Open Market   21.77
18/09/2006   Sell   -14,301   Open Market   21.76
18/09/2006   Sell   -15,000   Open Market   21.75
18/09/2006   Sell   -50,000   Open Market   21.74
18/09/2006   Sell   -13,000   Open Market   21.74
18/09/2006   Sell   -32,000   Open Market   21.73
18/09/2006   Sell   -10,000   Open Market   21.71
18/09/2006   Sell   -100   Open Market   21.71
18/09/2006   Sell   -3,354   Open Market   21.70
18/09/2006   Sell   -74,900   Open Market   21.70
19/09/2006   Buy   5,000   Open Market   21.79
19/09/2006   Buy   17,600   Open Market   21.75
19/09/2006   Buy   57,705   Open Market   21.72
19/09/2006   Buy   432   Open Market   21.71
19/09/2006   Buy   2,400   Open Market   21.71
19/09/2006   Buy   1,668   Open Market   21.71
19/09/2006   Buy   500   Open Market   21.71
19/09/2006   Buy   5,000   Open Market   21.71
 
41





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
19/09/2006   Buy   2,295   Open Market   21.69
19/09/2006   Sell   -40,000   Open Market   21.70
19/09/2006   Sell   -21,802   Open Market   21.68
20/09/2006   Buy   8,000   Open Market   21.64
20/09/2006   Buy   50,000   Open Market   21.63
20/09/2006   Buy   20,000   Open Market   21.63
20/09/2006   Buy   5,000   Open Market   21.62
20/09/2006   Buy   67   Open Market   21.62
20/09/2006   Buy   4,933   Open Market   21.62
20/09/2006   Buy   15,000   Open Market   21.62
20/09/2006   Buy   5,000   Open Market   21.61
20/09/2006   Sell   -5,000   Open Market   21.71
20/09/2006   Sell   -4,471   Open Market   21.67
20/09/2006   Sell   -500   Open Market   21.67
20/09/2006   Sell   -29   Open Market   21.67
20/09/2006   Sell   -5,000   Open Market   21.65
21/09/2006   Sell   -35,000   Open Market   21.84
22/09/2006   Buy   65   Open Market   21.88
22/09/2006   Buy   1,530   Open Market   21.88
22/09/2006   Buy   905   Open Market   21.88
22/09/2006   Buy   500   Open Market   21.88
22/09/2006   Buy   1,000   Open Market   21.83
22/09/2006   Buy   3,000   Open Market   21.76
22/09/2006   Buy   3,000   Open Market   21.72
22/09/2006   Buy   2,510   Open Market   21.72
22/09/2006   Buy   1,000   Open Market   21.72
22/09/2006   Buy   699   Open Market   21.72
22/09/2006   Buy   1,000   Open Market   21.72
22/09/2006   Buy   620   Open Market   21.72
22/09/2006   Buy   61   Open Market   21.72
22/09/2006   Buy   110   Open Market   21.72
22/09/2006   Buy   1,000   Open Market   21.72
22/09/2006   Buy   35,000   Open Market   21.68
22/09/2006   Sell   -3,000   Open Market   21.91
22/09/2006   Sell   -456   Open Market   21.91
22/09/2006   Sell   -2,544   Open Market   21.91
22/09/2006   Sell   -300   Open Market   21.86
22/09/2006   Sell   -300   Open Market   21.86
22/09/2006   Sell   -300   Open Market   21.86
22/09/2006   Sell   -100   Open Market   21.86
22/09/2006   Sell   -400   Open Market   21.85
22/09/2006   Sell   -300   Open Market   21.85
22/09/2006   Sell   -4,300   Open Market   21.85
22/09/2006   Sell   -2,631   Open Market   21.80
22/09/2006   Sell   -130   Open Market   21.80
22/09/2006   Sell   -2,239   Open Market   21.80
22/09/2006   Sell   -441   Open Market   21.67
22/09/2006   Sell   -23   Open Market   21.67
22/09/2006   Sell   -604   Open Market   21.67
22/09/2006   Sell   -3,932   Open Market   21.67
25/09/2006   Buy   4,000   Open Market   21.69
25/09/2006   Buy   20,000   Open Market   21.53
 
42





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
25/09/2006   Buy   8,505   Open Market   21.52
25/09/2006   Buy   3,623   Open Market   21.48
25/09/2006   Buy   1,377   Open Market   21.48
25/09/2006   Sell   -4,000   Open Market   21.69
25/09/2006   Sell   -221,136   Open Market   21.52
25/09/2006   Sell   -5,000   Open Market   21.48
26/09/2006   Buy   38,500   Open Market   21.65
26/09/2006   Buy   78   Open Market   21.64
26/09/2006   Buy   10,000   Open Market   21.52
26/09/2006   Sell   -40,000   Open Market   21.95
26/09/2006   Sell   -3,647   Open Market   21.93
26/09/2006   Sell   -1,353   Open Market   21.93
26/09/2006   Sell   -1,808   Open Market   21.81
26/09/2006   Sell   -3,192   Open Market   21.81
26/09/2006   Sell   -102,060   Open Market   21.76
26/09/2006   Sell   -95,000   Open Market   21.67
26/09/2006   Sell   -140   Open Market   21.62
26/09/2006   Sell   -10,000   Open Market   21.52
27/09/2006   Buy   5,000   Open Market   23.14
27/09/2006   Buy   5,000   Open Market   23.01
27/09/2006   Buy   2,400   Open Market   22.99
27/09/2006   Buy   75   Open Market   22.98
27/09/2006   Buy   62   Open Market   22.98
27/09/2006   Buy   3,470   Open Market   22.98
27/09/2006   Buy   300   Open Market   22.98
27/09/2006   Buy   3,693   Open Market   22.98
27/09/2006   Buy   200   Open Market   22.83
27/09/2006   Buy   433   Open Market   22.83
27/09/2006   Buy   1,687   Open Market   22.83
27/09/2006   Buy   159   Open Market   22.83
27/09/2006   Buy   2,521   Open Market   22.83
27/09/2006   Buy   255,156   Open Market   22.82
27/09/2006   Buy   40,000   Open Market   22.78
27/09/2006   Buy   26,374   Open Market   22.77
27/09/2006   Buy   3,626   Open Market   22.77
27/09/2006   Buy   7,119   Open Market   22.77
27/09/2006   Buy   6,712   Open Market   22.77
27/09/2006   Buy   1,169   Open Market   22.77
27/09/2006   Buy   23,000   Open Market   21.96
27/09/2006   Sell   -159   Open Market   23.08
27/09/2006   Sell   -4,841   Open Market   23.06
27/09/2006   Sell   -6,000   Open Market   22.93
27/09/2006   Sell   -8,000   Open Market   22.91
27/09/2006   Sell   -136,080   Open Market   22.85
27/09/2006   Sell   -40,000   Open Market   22.77
27/09/2006   Sell   -20,000   Open Market   22.75
27/09/2006   Sell   -50,000   Open Market   22.47
27/09/2006   Sell   -23,000   Open Market   21.96
28/09/2006   Buy   90   Open Market   23.85
28/09/2006   Buy   5,232   Open Market   23.85
28/09/2006   Buy   830   Open Market   23.85
28/09/2006   Buy   900   Open Market   23.85
 
43





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
28/09/2006   Buy   37   Open Market   23.85
28/09/2006   Buy   2,911   Open Market   23.85
28/09/2006   Buy   221   Open Market   23.82
28/09/2006   Buy   300   Open Market   23.82
28/09/2006   Buy   2,500   Open Market   23.82
28/09/2006   Buy   902   Open Market   23.82
28/09/2006   Buy   1,077   Open Market   23.82
28/09/2006   Buy   844   Open Market   23.72
28/09/2006   Buy   1,419   Open Market   23.72
28/09/2006   Buy   495   Open Market   23.72
28/09/2006   Buy   2,613   Open Market   23.72
28/09/2006   Buy   520   Open Market   23.72
28/09/2006   Buy   4,109   Open Market   23.72
28/09/2006   Buy   25,000   Open Market   23.70
28/09/2006   Buy   74,000   Open Market   23.70
28/09/2006   Buy   935   Open Market   23.56
28/09/2006   Buy   420   Open Market   23.56
28/09/2006   Buy   3,339   Open Market   23.56
28/09/2006   Buy   306   Open Market   23.56
28/09/2006   Buy   2,000   Open Market   23.53
28/09/2006   Buy   100   Open Market   23.53
28/09/2006   Buy   1,900   Open Market   23.53
28/09/2006   Buy   1,552   Open Market   23.53
28/09/2006   Buy   448   Open Market   23.53
28/09/2006   Buy   2,000   Open Market   23.53
28/09/2006   Buy   2,000   Open Market   23.53
28/09/2006   Buy   42,000   Open Market   23.45
28/09/2006   Buy   8,505   Open Market   23.19
28/09/2006   Buy   3,000   Open Market   23.00
28/09/2006   Buy   49,000   Open Market   22.82
28/09/2006   Sell   -22,000   Open Market   23.86
28/09/2006   Sell   -3,907   Open Market   23.79
28/09/2006   Sell   -11,700   Open Market   23.73
28/09/2006   Sell   -25,000   Open Market   23.70
28/09/2006   Sell   -74,000   Open Market   23.70
28/09/2006   Sell   -50,000   Open Market   23.65
28/09/2006   Sell   -500   Open Market   23.63
28/09/2006   Sell   -3,500   Open Market   23.63
28/09/2006   Sell   -8,516   Open Market   23.61
28/09/2006   Sell   -4,793   Open Market   23.60
28/09/2006   Sell   -17,010   Open Market   23.40
28/09/2006   Sell   -27,515   Open Market   23.13
28/09/2006   Sell   -7,485   Open Market   23.12
28/09/2006   Sell   -49,000   Open Market   22.82
29/09/2006   Buy   4,000   Open Market   23.60
29/09/2006   Buy   800   Open Market   23.60
29/09/2006   Buy   1,200   Open Market   23.60
29/09/2006   Buy   4,000   Open Market   23.59
29/09/2006   Buy   500   Open Market   23.59
29/09/2006   Buy   500   Open Market   23.58
29/09/2006   Buy   4,000   Open Market   23.58
29/09/2006   Buy   1,774   Open Market   23.54
 
44





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
29/09/2006   Buy   1,226   Open Market   23.54
29/09/2006   Buy   3,506   Open Market   23.53
29/09/2006   Buy   330   Open Market   23.53
29/09/2006   Buy   1,572   Open Market   23.53
29/09/2006   Buy   400   Open Market   23.53
29/09/2006   Buy   479   Open Market   23.52
29/09/2006   Buy   1,914   Open Market   23.52
29/09/2006   Buy   2,154   Open Market   23.52
29/09/2006   Buy   569   Open Market   23.52
29/09/2006   Buy   3,200   Open Market   23.52
29/09/2006   Buy   1,197   Open Market   23.52
29/09/2006   Buy   93   Open Market   23.51
29/09/2006   Buy   4,907   Open Market   23.51
29/09/2006   Buy   50,000   Open Market   23.50
29/09/2006   Buy   4,014   Open Market   23.49
29/09/2006   Buy   986   Open Market   23.49
29/09/2006   Buy   53   Open Market   23.47
29/09/2006   Buy   1,171   Open Market   23.47
29/09/2006   Buy   1,776   Open Market   23.47
29/09/2006   Buy   20,412   Open Market   23.47
29/09/2006   Buy   25,000   Open Market   23.42
29/09/2006   Buy   400   Open Market   23.42
29/09/2006   Buy   4,600   Open Market   23.42
29/09/2006   Buy   35,000   Open Market   23.40
29/09/2006   Sell   -6,000   Open Market   23.72
29/09/2006   Sell   -3,051   Open Market   23.68
29/09/2006   Sell   -1,670   Open Market   23.68
29/09/2006   Sell   -279   Open Market   23.68
29/09/2006   Sell   -16,616   Open Market   23.48
29/09/2006   Sell   -1,488   Open Market   23.48
29/09/2006   Sell   -100   Open Market   23.48
29/09/2006   Sell   -1   Open Market   23.47
29/09/2006   Sell   -5,000   Open Market   23.47
29/09/2006   Sell   -500   Open Market   23.44
29/09/2006   Sell   -2,500   Open Market   23.44
29/09/2006   Sell   -4,600   Open Market   23.42
29/09/2006   Sell   -42   Open Market   23.41
29/09/2006   Sell   -35,000   Open Market   23.40
29/09/2006   Sell   -329   Open Market   23.40
29/09/2006   Sell   -125   Open Market   23.40
29/09/2006   Sell   -1,000   Open Market   23.40
29/09/2006   Sell   -2,462   Open Market   23.40
29/09/2006   Sell   -1,500   Open Market   23.40
29/09/2006   Sell   -1,500   Open Market   23.40
29/09/2006   Sell   -900   Open Market   23.40
29/09/2006   Sell   -2,142   Open Market   23.40
2/10/2006   Buy   7,219   Open Market   23.81
2/10/2006   Buy   1,000   Open Market   23.81
2/10/2006   Buy   2,015   Open Market   23.81
2/10/2006   Buy   803   Open Market   23.81
2/10/2006   Buy   100   Open Market   23.81
2/10/2006   Buy   1,000   Open Market   23.81
 
45





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
2/10/2006   Buy   1,374   Open Market   23.80
2/10/2006   Buy   125   Open Market   23.80
2/10/2006   Buy   17,010   Open Market   23.72
2/10/2006   Buy   5,000   Open Market   23.71
2/10/2006   Buy   137   Open Market   23.69
2/10/2006   Buy   41   Open Market   23.69
2/10/2006   Buy   1,820   Open Market   23.69
2/10/2006   Buy   50   Open Market   23.69
2/10/2006   Buy   257   Open Market   23.69
2/10/2006   Buy   60   Open Market   23.69
2/10/2006   Buy   345   Open Market   23.69
2/10/2006   Buy   90   Open Market   23.69
2/10/2006   Buy   78   Open Market   23.69
2/10/2006   Buy   2,122   Open Market   23.69
2/10/2006   Buy   3,878   Open Market   23.69
2/10/2006   Buy   2,000   Open Market   23.68
2/10/2006   Sell   -40,000   Open Market   23.81
2/10/2006   Sell   -2,000   Open Market   23.80
2/10/2006   Sell   -2,000   Open Market   23.80
2/10/2006   Sell   -22,000   Open Market   23.80
2/10/2006   Sell   -15   Open Market   23.75
2/10/2006   Sell   -15   Open Market   23.75
2/10/2006   Sell   -4,970   Open Market   23.75
2/10/2006   Sell   -4,958   Open Market   23.75
2/10/2006   Sell   -42   Open Market   23.75
2/10/2006   Sell   -5,000   Open Market   23.72
3/10/2006   Buy   16,000   Open Market   23.72
3/10/2006   Buy   84,249   Open Market   23.50
3/10/2006   Buy   57,251   Open Market   23.49
3/10/2006   Buy   43,500   Open Market   23.48
3/10/2006   Buy   5,000   Open Market   23.47
3/10/2006   Buy   20,000   Open Market   23.46
3/10/2006   Buy   5,000   Open Market   23.45
3/10/2006   Buy   5,000   Open Market   23.40
3/10/2006   Buy   423   Open Market   23.39
3/10/2006   Buy   4,577   Open Market   23.39
3/10/2006   Buy   5,000   Open Market   23.30
3/10/2006   Buy   2,072   Open Market   23.29
3/10/2006   Buy   37,928   Open Market   23.28
3/10/2006   Buy   16,000   Open Market   23.15
3/10/2006   Buy   900   Open Market   23.10
3/10/2006   Buy   2,681   Open Market   23.10
3/10/2006   Buy   4,956   Open Market   23.10
3/10/2006   Buy   2,468   Open Market   23.10
3/10/2006   Buy   2,600   Open Market   23.10
3/10/2006   Buy   971   Open Market   23.10
3/10/2006   Buy   424   Open Market   23.10
3/10/2006   Sell   -16,000   Open Market   23.72
3/10/2006   Sell   -5,000   Open Market   23.46
3/10/2006   Sell   -63   Open Market   23.44
3/10/2006   Sell   -4,937   Open Market   23.44
3/10/2006   Sell   -100   Open Market   23.43
 
46





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
3/10/2006   Sell   -1,845   Open Market   23.43
3/10/2006   Sell   -3,055   Open Market   23.43
3/10/2006   Sell   -848   Open Market   23.43
3/10/2006   Sell   -1,000   Open Market   23.43
3/10/2006   Sell   -2,552   Open Market   23.43
3/10/2006   Sell   -600   Open Market   23.43
3/10/2006   Sell   -8,466   Open Market   23.30
3/10/2006   Sell   -5,000   Open Market   23.20
3/10/2006   Sell   -4,700   Open Market   23.18
3/10/2006   Sell   -300   Open Market   23.18
4/10/2006   Buy   20,000   Open Market   23.30
4/10/2006   Buy   850   Open Market   23.23
4/10/2006   Buy   4,150   Open Market   23.23
4/10/2006   Buy   10,000   Open Market   23.23
4/10/2006   Buy   2,800   Open Market   23.22
4/10/2006   Buy   5,079   Open Market   23.22
4/10/2006   Buy   894   Open Market   23.22
4/10/2006   Buy   3,378   Open Market   23.22
4/10/2006   Buy   13   Open Market   23.22
4/10/2006   Buy   4,023   Open Market   23.22
4/10/2006   Buy   748   Open Market   23.21
4/10/2006   Buy   1,358   Open Market   23.21
4/10/2006   Buy   2,712   Open Market   23.21
4/10/2006   Buy   1,837   Open Market   23.21
4/10/2006   Buy   1,181   Open Market   23.21
4/10/2006   Buy   300   Open Market   23.20
4/10/2006   Buy   100   Open Market   23.20
4/10/2006   Buy   200   Open Market   23.20
4/10/2006   Buy   300   Open Market   23.20
4/10/2006   Buy   300   Open Market   23.20
4/10/2006   Buy   300   Open Market   23.20
4/10/2006   Buy   300   Open Market   23.20
4/10/2006   Buy   1,650   Open Market   23.20
4/10/2006   Buy   89   Open Market   23.19
4/10/2006   Buy   211   Open Market   23.19
4/10/2006   Buy   300   Open Market   23.19
4/10/2006   Buy   300   Open Market   23.19
4/10/2006   Buy   100   Open Market   23.19
4/10/2006   Buy   183   Open Market   23.19
4/10/2006   Buy   317   Open Market   23.19
4/10/2006   Buy   600   Open Market   23.19
4/10/2006   Buy   300   Open Market   23.19
4/10/2006   Buy   495   Open Market   23.19
4/10/2006   Buy   67   Open Market   23.19
4/10/2006   Buy   238   Open Market   23.19
4/10/2006   Buy   8,466   Open Market   23.19
4/10/2006   Buy   5,977   Open Market   23.18
4/10/2006   Buy   10,000   Open Market   23.16
4/10/2006   Buy   30,000   Open Market   23.15
4/10/2006   Sell   -20,000   Open Market   23.30
4/10/2006   Sell   -5,000   Open Market   23.27
4/10/2006   Sell   -9   Open Market   23.26
 
47





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
4/10/2006   Sell   -258   Open Market   23.26
4/10/2006   Sell   -1,672   Open Market   23.26
4/10/2006   Sell   -2,680   Open Market   23.26
4/10/2006   Sell   -381   Open Market   23.26
4/10/2006   Sell   -5,000   Open Market   23.25
4/10/2006   Sell   -5,000   Open Market   23.23
4/10/2006   Sell   -10,000   Open Market   23.23
4/10/2006   Sell   -8,466   Open Market   23.23
4/10/2006   Sell   -5,619   Open Market   23.22
4/10/2006   Sell   -216   Open Market   23.22
4/10/2006   Sell   -14,165   Open Market   23.22
5/10/2006   Buy   5,000   Open Market   23.78
5/10/2006   Buy   1,795   Open Market   23.65
5/10/2006   Buy   946   Open Market   23.65
5/10/2006   Buy   1,797   Open Market   23.65
5/10/2006   Buy   462   Open Market   23.65
5/10/2006   Buy   934   Open Market   23.65
5/10/2006   Buy   2,313   Open Market   23.64
5/10/2006   Buy   1,753   Open Market   23.64
5/10/2006   Buy   5,000   Open Market   23.63
5/10/2006   Buy   5,000   Open Market   23.49
5/10/2006   Buy   600   Open Market   23.48
5/10/2006   Buy   600   Open Market   23.48
5/10/2006   Buy   600   Open Market   23.48
5/10/2006   Buy   441   Open Market   23.48
5/10/2006   Buy   759   Open Market   23.48
5/10/2006   Buy   367   Open Market   23.48
5/10/2006   Buy   233   Open Market   23.48
5/10/2006   Buy   600   Open Market   23.48
5/10/2006   Buy   600   Open Market   23.48
5/10/2006   Buy   200   Open Market   23.48
5/10/2006   Buy   510   Open Market   23.45
5/10/2006   Buy   4,490   Open Market   23.45
5/10/2006   Buy   788,000   Open Market   23.23
5/10/2006   Sell   -3,000   Open Market   23.71
5/10/2006   Sell   -2,000   Open Market   23.71
5/10/2006   Sell   -5,000   Open Market   23.69
5/10/2006   Sell   -5,000   Open Market   23.67
5/10/2006   Sell   -1,056   Open Market   23.67
5/10/2006   Sell   -5,000   Open Market   23.66
5/10/2006   Sell   -20,000   Open Market   23.66
5/10/2006   Sell   -3,437   Open Market   23.66
5/10/2006   Sell   -1,563   Open Market   23.66
5/10/2006   Sell   -8,944   Open Market   23.65
5/10/2006   Sell   -2,500   Open Market   23.62
5/10/2006   Sell   -2,500   Open Market   23.61
5/10/2006   Sell   -5,000   Open Market   23.60
5/10/2006   Sell   -8,466   Open Market   23.58
5/10/2006   Sell   -1,814   Open Market   23.50
5/10/2006   Sell   -200   Open Market   23.50
5/10/2006   Sell   -2,986   Open Market   23.50
5/10/2006   Sell   -22,000   Open Market   23.50
 
48





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
5/10/2006   Sell   -128   Open Market   23.50
5/10/2006   Sell   -1,195   Open Market   23.50
5/10/2006   Sell   -7,754   Open Market   23.50
5/10/2006   Sell   -35   Open Market   23.50
5/10/2006   Sell   -337   Open Market   23.50
5/10/2006   Sell   -544   Open Market   23.50
5/10/2006   Sell   -7   Open Market   23.50
5/10/2006   Sell   -788,000   Open Market   23.23
6/10/2006   Buy   1,716   Open Market   23.85
6/10/2006   Buy   256   Open Market   23.85
6/10/2006   Buy   1,028   Open Market   23.85
6/10/2006   Buy   5,000   Open Market   23.82
6/10/2006   Buy   5,000   Open Market   23.82
6/10/2006   Buy   6,772   Open Market   23.82
6/10/2006   Buy   5,000   Open Market   23.80
6/10/2006   Buy   26,000   Open Market   23.78
6/10/2006   Buy   25,000   Open Market   23.78
6/10/2006   Buy   995   Open Market   23.73
6/10/2006   Buy   1,000   Open Market   23.73
6/10/2006   Buy   5   Open Market   23.73
6/10/2006   Buy   3,000   Open Market   23.73
6/10/2006   Buy   5,000   Open Market   23.73
6/10/2006   Sell   -20,000   Open Market   23.85
6/10/2006   Sell   -5,000   Open Market   23.84
6/10/2006   Sell   -26,000   Open Market   23.78
6/10/2006   Sell   -25,000   Open Market   23.78
6/10/2006   Sell   -1,800   Open Market   23.72
6/10/2006   Sell   -2,580   Open Market   23.72
6/10/2006   Sell   -2,676   Open Market   23.72
6/10/2006   Sell   -136   Open Market   23.72
6/10/2006   Sell   -3,928   Open Market   23.72
9/10/2006   Buy   8,466   Open Market   23.86
9/10/2006   Buy   1,077   Open Market   23.84
9/10/2006   Buy   1,178   Open Market   23.84
9/10/2006   Buy   745   Open Market   23.84
9/10/2006   Buy   135   Open Market   23.83
9/10/2006   Buy   4,865   Open Market   23.83
9/10/2006   Buy   30,000   Open Market   23.80
9/10/2006   Buy   3,354   Open Market   23.77
9/10/2006   Buy   1,490   Open Market   23.77
9/10/2006   Buy   156   Open Market   23.77
9/10/2006   Buy   857   Open Market   23.77
9/10/2006   Buy   294   Open Market   23.77
9/10/2006   Buy   3,849   Open Market   23.77
9/10/2006   Buy   5,000   Open Market   23.76
9/10/2006   Buy   156   Open Market   23.75
9/10/2006   Buy   5,000   Open Market   23.75
9/10/2006   Buy   5,000   Open Market   23.75
9/10/2006   Buy   5,000   Open Market   23.75
9/10/2006   Sell   -8,367   Open Market   23.86
9/10/2006   Sell   -1,633   Open Market   23.86
9/10/2006   Sell   -1,886   Open Market   23.79
 
49





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
9/10/2006   Sell   -2,679   Open Market   23.79
9/10/2006   Sell   -435   Open Market   23.79
9/10/2006   Sell   -373   Open Market   23.79
9/10/2006   Sell   -1,777   Open Market   23.79
9/10/2006   Sell   -2,850   Open Market   23.79
9/10/2006   Sell   -600   Open Market   23.79
9/10/2006   Sell   -4,400   Open Market   23.79
9/10/2006   Sell   -5,000   Open Market   23.79
9/10/2006   Sell   -5,000   Open Market   23.78
9/10/2006   Sell   -988   Open Market   23.78
9/10/2006   Sell   -1,512   Open Market   23.78
9/10/2006   Sell   -2,500   Open Market   23.78
9/10/2006   Sell   -8,466   Open Market   23.75
10/10/2006   Buy   12,000   Open Market   24.62
10/10/2006   Buy   4,330   Open Market   24.62
10/10/2006   Buy   3,670   Open Market   24.62
10/10/2006   Buy   260   Open Market   24.60
10/10/2006   Buy   11,277   Open Market   24.60
10/10/2006   Buy   210   Open Market   24.59
10/10/2006   Buy   2,000   Open Market   24.58
10/10/2006   Buy   422   Open Market   24.58
10/10/2006   Buy   47   Open Market   24.56
10/10/2006   Buy   375   Open Market   24.55
10/10/2006   Buy   500   Open Market   24.55
10/10/2006   Buy   300   Open Market   24.55
10/10/2006   Buy   384   Open Market   24.55
10/10/2006   Buy   400   Open Market   24.55
10/10/2006   Buy   275   Open Market   24.55
10/10/2006   Buy   300   Open Market   24.55
10/10/2006   Buy   500   Open Market   24.55
10/10/2006   Buy   1,000   Open Market   24.55
10/10/2006   Buy   300   Open Market   24.55
10/10/2006   Buy   420   Open Market   24.55
10/10/2006   Buy   500   Open Market   24.55
10/10/2006   Buy   9,200   Open Market   24.55
10/10/2006   Buy   25   Open Market   24.53
10/10/2006   Buy   305   Open Market   24.53
10/10/2006   Buy   1,000   Open Market   24.53
10/10/2006   Buy   121   Open Market   24.33
10/10/2006   Buy   500   Open Market   24.33
10/10/2006   Buy   95   Open Market   24.33
10/10/2006   Buy   2,000   Open Market   24.33
10/10/2006   Buy   2,000   Open Market   24.33
10/10/2006   Buy   600   Open Market   24.33
10/10/2006   Buy   1,355   Open Market   24.33
10/10/2006   Buy   1,762   Open Market   24.33
10/10/2006   Buy   567   Open Market   24.33
10/10/2006   Buy   1,000   Open Market   24.33
10/10/2006   Buy   1   Open Market   24.31
10/10/2006   Buy   4,999   Open Market   24.31
10/10/2006   Buy   6,734   Open Market   24.30
10/10/2006   Buy   1,100   Open Market   24.30
 
50





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
10/10/2006   Buy   305   Open Market   24.30
10/10/2006   Buy   100   Open Market   24.30
10/10/2006   Buy   30   Open Market   24.30
10/10/2006   Buy   271   Open Market   24.30
10/10/2006   Buy   1,438   Open Market   24.30
10/10/2006   Buy   22   Open Market   24.30
10/10/2006   Buy   1,112   Open Market   24.30
10/10/2006   Buy   1,700   Open Market   24.30
10/10/2006   Buy   775   Open Market   24.30
10/10/2006   Buy   1,402   Open Market   24.29
10/10/2006   Buy   108   Open Market   24.29
10/10/2006   Buy   40   Open Market   24.29
10/10/2006   Buy   33   Open Market   24.29
10/10/2006   Buy   738   Open Market   24.29
10/10/2006   Buy   1,216   Open Market   24.29
10/10/2006   Buy   45   Open Market   24.29
10/10/2006   Buy   135   Open Market   24.29
10/10/2006   Buy   89   Open Market   24.29
10/10/2006   Buy   300   Open Market   24.29
10/10/2006   Buy   200   Open Market   24.29
10/10/2006   Buy   1,694   Open Market   24.29
10/10/2006   Buy   40,400   Open Market   24.25
10/10/2006   Buy   20,000   Open Market   24.24
10/10/2006   Buy   10,000   Open Market   24.24
10/10/2006   Buy   10,000   Open Market   24.20
10/10/2006   Buy   572   Open Market   24.19
10/10/2006   Buy   788   Open Market   24.19
10/10/2006   Buy   400   Open Market   24.19
10/10/2006   Buy   3,240   Open Market   24.19
10/10/2006   Sell   -16,403   Open Market   24.29
10/10/2006   Sell   -13,597   Open Market   24.29
10/10/2006   Sell   -2,000   Open Market   24.26
10/10/2006   Sell   -3,000   Open Market   24.26
10/10/2006   Sell   -40,400   Open Market   24.25
10/10/2006   Sell   -20,000   Open Market   24.17
10/10/2006   Sell   -3,315   Open Market   23.90
10/10/2006   Sell   -1,685   Open Market   23.90
11/10/2006   Buy   30,000   Open Market   25.60
11/10/2006   Buy   96,501   Open Market   25.51
11/10/2006   Buy   1,288   Open Market   25.42
11/10/2006   Buy   5,000   Open Market   25.42
11/10/2006   Buy   3,712   Open Market   25.42
11/10/2006   Buy   70   Open Market   25.23
11/10/2006   Buy   1,000   Open Market   25.23
11/10/2006   Buy   3,930   Open Market   25.23
11/10/2006   Buy   10,000   Open Market   25.20
11/10/2006   Buy   10,000   Open Market   25.04
11/10/2006   Buy   1,857   Open Market   24.91
11/10/2006   Buy   350   Open Market   24.91
11/10/2006   Buy   436   Open Market   24.91
11/10/2006   Buy   38,000   Open Market   24.62
11/10/2006   Buy   44,000   Open Market   24.62
 
51





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
11/10/2006   Sell   -50,000   Open Market   25.60
11/10/2006   Sell   -5,000   Open Market   25.35
11/10/2006   Sell   -5,912   Open Market   25.30
11/10/2006   Sell   -2,901   Open Market   25.27
11/10/2006   Sell   -2,099   Open Market   25.27
11/10/2006   Sell   -38,000   Open Market   24.62
11/10/2006   Sell   -44,000   Open Market   24.62
12/10/2006   Buy   5,080   Open Market   25.53
12/10/2006   Buy   50,000   Open Market   25.51
12/10/2006   Buy   7,626,952   Open Market   25.47
12/10/2006   Buy   40,000   Open Market   25.37
12/10/2006   Buy   5,000   Open Market   25.36
12/10/2006   Sell   -8,466   Open Market   25.65
12/10/2006   Sell   -3,000   Open Market   25.45
12/10/2006   Sell   -423   Open Market   25.39
12/10/2006   Sell   -2,117   Open Market   25.39
12/10/2006   Sell   -2,460   Open Market   25.39
13/10/2006   Buy   1,610   Open Market   26.21
13/10/2006   Buy   3,093   Open Market   26.21
13/10/2006   Buy   1,297   Open Market   26.21
13/10/2006   Buy   3,850,000   Open Market   26.06
13/10/2006   Buy   22,125,904   Over the Counter   26.16
13/10/2006   Buy   5,559,000   Open Market   26.04
13/10/2006   Buy   19,000   Open Market   26.02
13/10/2006   Buy   2,379   Open Market   25.93
13/10/2006   Buy   9,308   Open Market   25.93
13/10/2006   Buy   3,000   Open Market   25.92
13/10/2006   Buy   3,000   Open Market   25.91
13/10/2006   Buy   241   Open Market   25.89
13/10/2006   Buy   156   Open Market   25.89
13/10/2006   Buy   4,603   Open Market   25.89
13/10/2006   Buy   5,000   Open Market   25.89
13/10/2006   Buy   2,000   Open Market   25.89
13/10/2006   Buy   300   Open Market   25.89
13/10/2006   Buy   174   Open Market   25.89
13/10/2006   Buy   50   Open Market   25.89
13/10/2006   Buy   1,300   Open Market   25.89
13/10/2006   Buy   593   Open Market   25.89
13/10/2006   Buy   144   Open Market   25.89
13/10/2006   Buy   49   Open Market   25.89
13/10/2006   Buy   100   Open Market   25.89
13/10/2006   Buy   290   Open Market   25.89
13/10/2006   Buy   5,000   Open Market   25.87
13/10/2006   Buy   1,775   Open Market   25.87
13/10/2006   Buy   25   Open Market   25.87
13/10/2006   Buy   200   Open Market   25.87
13/10/2006   Buy   1,299   Open Market   25.87
13/10/2006   Buy   3,701   Open Market   25.87
13/10/2006   Buy   5,000   Open Market   25.86
13/10/2006   Buy   2,000   Open Market   25.83
13/10/2006   Buy   2,000   Open Market   25.83
13/10/2006   Buy   39,000   Open Market   25.65
 
52





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
13/10/2006   Buy   45,000   Open Market   25.65
13/10/2006   Sell   -10,158   Open Market   25.76
13/10/2006   Sell   -2,800   Open Market   25.72
13/10/2006   Sell   -4,800   Open Market   25.72
13/10/2006   Sell   -39,000   Open Market   25.65
13/10/2006   Sell   -45,000   Open Market   25.65
13/10/2006   Sell   -1,532   Open Market   25.57
13/10/2006   Sell   -160   Open Market   25.57
13/10/2006   Sell   -2,268   Open Market   25.57
13/10/2006   Sell   -5,540   Open Market   25.57
13/10/2006   Sell   -500   Open Market   25.57
13/10/2006   Sell   -3,000   Open Market   25.56
16/10/2006   Buy   1,000,000   Open Market   27.33
16/10/2006   Buy   4,500,000   Over the Counter   27.18
16/10/2006   Buy   77,880   Open Market   27.19
16/10/2006   Buy   9,761   Open Market   27.03
16/10/2006   Buy   239   Open Market   27.03
16/10/2006   Buy   239   Open Market   27.02
16/10/2006   Buy   5,543   Open Market   27.00
16/10/2006   Buy   4,000   Open Market   27.00
16/10/2006   Buy   8,000   Open Market   27.00
16/10/2006   Buy   3   Open Market   26.97
16/10/2006   Buy   1,897   Open Market   26.97
16/10/2006   Buy   2,500   Open Market   26.95
16/10/2006   Buy   806   Open Market   26.86
16/10/2006   Buy   3,000   Open Market   26.86
16/10/2006   Buy   2,019   Open Market   26.72
16/10/2006   Buy   854   Open Market   26.71
16/10/2006   Buy   127   Open Market   26.71
16/10/2006   Buy   4,000   Open Market   26.70
16/10/2006   Buy   22,000   Open Market   26.57
16/10/2006   Buy   2,116   Open Market   26.51
16/10/2006   Buy   884   Open Market   26.51
16/10/2006   Buy   19,000   Open Market   26.45
16/10/2006   Buy   22,000   Open Market   26.16
16/10/2006   Buy   20,000   Open Market   26.16
16/10/2006   Sell   -100,000   Open Market   27.35
16/10/2006   Sell   -20,000   Open Market   27.35
16/10/2006   Sell   -37   Open Market   26.81
16/10/2006   Sell   -149   Open Market   26.81
16/10/2006   Sell   -8   Open Market   26.81
16/10/2006   Sell   -447   Open Market   26.81
16/10/2006   Sell   -37   Open Market   26.81
16/10/2006   Sell   -4,322   Open Market   26.81
16/10/2006   Sell   -370   Open Market   26.75
16/10/2006   Sell   -4,630   Open Market   26.75
16/10/2006   Sell   -4,908   Open Market   26.74
16/10/2006   Sell   -92   Open Market   26.74
16/10/2006   Sell   -4,000   Open Market   26.73
16/10/2006   Sell   -1,000   Open Market   26.73
16/10/2006   Sell   -500,000   Open Market   26.71
16/10/2006   Sell   -586   Open Market   26.71
 
53





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
16/10/2006   Sell   -3,414   Open Market   26.71
16/10/2006   Sell   -498   Open Market   26.71
16/10/2006   Sell   -100   Open Market   26.71
16/10/2006   Sell   -1,000   Open Market   26.71
16/10/2006   Sell   -1,000   Open Market   26.71
16/10/2006   Sell   -779   Open Market   26.71
16/10/2006   Sell   -1,623   Open Market   26.71
16/10/2006   Sell   -856   Open Market   26.67
16/10/2006   Sell   -1,144   Open Market   26.67
16/10/2006   Sell   -100   Open Market   26.55
16/10/2006   Sell   -4,900   Open Market   26.55
16/10/2006   Sell   -5,000   Open Market   26.54
16/10/2006   Sell   -2,000   Open Market   26.53
16/10/2006   Sell   -367   Open Market   26.53
16/10/2006   Sell   -2,633   Open Market   26.53
16/10/2006   Sell   -5,000   Open Market   26.50
16/10/2006   Sell   -300,000   Open Market   26.27
16/10/2006   Sell   -22,000   Open Market   26.16
16/10/2006   Sell   -20,000   Open Market   26.16
17/10/2006   Buy   431,000   Open Market   27.35
17/10/2006   Buy   46,000   Open Market   27.35
17/10/2006   Buy   10,000   Open Market   26.00
17/10/2006   Buy   10,000   Open Market   25.98
17/10/2006   Buy   60,950   Open Market   25.87
17/10/2006   Buy   9,338,144   Over the Counter   25.87
17/10/2006   Buy   1,395   Open Market   25.67
17/10/2006   Buy   9,177   Open Market   25.66
17/10/2006   Buy   532   Open Market   25.66
17/10/2006   Buy   5,000   Open Market   25.66
17/10/2006   Sell   -431,000   Open Market   27.35
17/10/2006   Sell   -46,000   Open Market   27.35
17/10/2006   Sell   -3,000   Open Market   25.83
17/10/2006   Sell   -250   Open Market   25.83
17/10/2006   Sell   -1,750   Open Market   25.83
17/10/2006   Sell   -32,500   Open Market   25.75
17/10/2006   Sell   -15,000   Open Market   25.70
17/10/2006   Sell   -7,000   Open Market   25.69
17/10/2006   Sell   -5,000   Open Market   25.68
17/10/2006   Sell   -2,000   Open Market   25.66
18/10/2006   Buy   22,000   Open Market   25.70
18/10/2006   Buy   59,000   Open Market   25.70
18/10/2006   Buy   1,036   Open Market   25.67
18/10/2006   Buy   4,857   Open Market   25.63
18/10/2006   Buy   1,685   Open Market   25.59
18/10/2006   Buy   789   Open Market   25.59
18/10/2006   Buy   16,932   Open Market   25.59
18/10/2006   Buy   5,085   Open Market   25.33
18/10/2006   Buy   1,500   Open Market   25.33
18/10/2006   Buy   2,361   Open Market   25.33
18/10/2006   Buy   1,054   Open Market   25.33
18/10/2006   Buy   20,000   Open Market   25.30
18/10/2006   Buy   30,000   Open Market   25.28
54





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
18/10/2006   Buy   25,000   Open Market   25.27
18/10/2006   Buy   15,922   Open Market   25.06
18/10/2006   Buy   78   Open Market   25.05
18/10/2006   Sell   -25,000   Open Market   25.76
18/10/2006   Sell   -5,000   Open Market   25.76
18/10/2006   Sell   -4,084   Open Market   25.74
18/10/2006   Sell   -800   Open Market   25.74
18/10/2006   Sell   -116   Open Market   25.74
18/10/2006   Sell   -5,080   Open Market   25.74
18/10/2006   Sell   -22,000   Open Market   25.70
18/10/2006   Sell   -59,000   Open Market   25.70
18/10/2006   Sell   -2,500   Open Market   25.46
18/10/2006   Sell   -1,347   Open Market   25.46
18/10/2006   Sell   -1,300   Open Market   25.46
18/10/2006   Sell   -4,315   Open Market   25.46
18/10/2006   Sell   -538   Open Market   25.46
18/10/2006   Sell   -700   Open Market   25.36
18/10/2006   Sell   -335   Open Market   25.36
18/10/2006   Sell   -965   Open Market   25.36
18/10/2006   Sell   -1,291   Open Market   25.35
18/10/2006   Sell   -6,709   Open Market   25.34
18/10/2006   Sell   -500   Open Market   25.01
18/10/2006   Sell   -19,500   Open Market   25.01
19/10/2006   Buy   2,945   Open Market   25.84
19/10/2006   Buy   3,000   Open Market   25.84
19/10/2006   Buy   3,000   Open Market   25.84
19/10/2006   Buy   1,055   Open Market   25.84
19/10/2006   Buy   197   Open Market   25.65
19/10/2006   Buy   1,152   Open Market   25.65
19/10/2006   Buy   1,903   Open Market   25.65
19/10/2006   Buy   1,048   Open Market   25.65
19/10/2006   Buy   700   Open Market   25.65
19/10/2006   Buy   5,000   Open Market   25.61
19/10/2006   Buy   4,000   Open Market   25.59
19/10/2006   Buy   30,000   Open Market   25.45
19/10/2006   Sell   -91   Open Market   25.90
19/10/2006   Sell   -3,057   Open Market   25.90
19/10/2006   Sell   -1,852   Open Market   25.90
19/10/2006   Sell   -20,318   Open Market   25.74
20/10/2006   Buy   12,894   Open Market   26.00
20/10/2006   Buy   86   Open Market   25.87
20/10/2006   Buy   3,914   Open Market   25.87
20/10/2006   Sell   -10,000   Open Market   26.05
20/10/2006   Sell   -4,000   Open Market   26.05
20/10/2006   Sell   -5,000   Open Market   26.05
20/10/2006   Sell   -22,896   Open Market   26.04
20/10/2006   Sell   -12,894   Open Market   26.00
20/10/2006   Sell   -3,298   Open Market   25.92
20/10/2006   Sell   -828   Open Market   25.92
20/10/2006   Sell   -5,000   Open Market   25.92
20/10/2006   Sell   -874   Open Market   25.92
20/10/2006   Sell   -5,000   Open Market   25.88
55





Date of Transaction       Number of Shares        
(Day/Month/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
20/10/2006   Sell   -3,948   Open Market   25.86
20/10/2006   Sell   -1,052   Open Market   25.86
23/10/2006   Buy   14,000   Open Market   26.05
23/10/2006   Buy   184   Open Market   25.85
23/10/2006   Buy   1,000   Open Market   25.85
23/10/2006   Buy   619   Open Market   25.85
23/10/2006   Buy   2,840   Open Market   25.85
23/10/2006   Buy   2,721   Open Market   25.85
23/10/2006   Buy   409   Open Market   25.85
23/10/2006   Buy   15   Open Market   25.85
23/10/2006   Buy   1,911   Open Market   25.85
23/10/2006   Buy   60   Open Market   25.85
23/10/2006   Buy   100   Open Market   25.85
23/10/2006   Buy   100   Open Market   25.85
23/10/2006   Buy   41   Open Market   25.85
23/10/2006   Buy   257   Open Market   25.83
23/10/2006   Buy   2,167   Open Market   25.83
23/10/2006   Buy   476   Open Market   25.83
23/10/2006   Buy   2,000   Open Market   25.83
23/10/2006   Buy   100   Open Market   25.83
23/10/2006   Buy   1,057   Open Market   25.71
23/10/2006   Buy   25,000   Open Market   25.70
23/10/2006   Buy   5,000   Open Market   25.65
23/10/2006   Buy   10,000   Open Market   25.56
23/10/2006   Sell   -14,000   Open Market   26.05
23/10/2006   Sell   -3,140   Open Market   25.89
23/10/2006   Sell   -400   Open Market   25.89
23/10/2006   Sell   -460   Open Market   25.89
23/10/2006   Sell   -2,000   Open Market   25.88
23/10/2006   Sell   -1,523   Open Market   25.86
23/10/2006   Sell   -3,477   Open Market   25.86
23/10/2006   Sell   -7,000   Open Market   25.73
23/10/2006   Sell   -3,000   Open Market   25.71
23/10/2006   Sell   -8,393   Open Market   25.71
23/10/2006   Sell   -1,607   Open Market   25.71
24/10/2006   Sell   -3,146   Open Market   25.72
24/10/2006   Sell   -12,100   Open Market   25.71
24/10/2006   Sell   -11,854   Open Market   25.70
24/10/2006   Sell   -4,169   Open Market   25.67
24/10/2006   Sell   -5,000   Open Market   25.65
24/10/2006   Sell   -5,831   Open Market   25.64
24/10/2006   Sell   -1,862   Open Market   25.62
24/10/2006   Sell   -12,177   Open Market   25.61
24/10/2006   Sell   -10,531   Open Market   25.60
24/10/2006   Sell   -273   Open Market   25.59
24/10/2006   Sell   -157   Open Market   25.58
25/10/2006   Sell   5,000,000   Open Market   25.58

56





     All of the purchases of Shares set forth below were made by Santander Seguros y Reaseguros, CIA Aseguradora, S.A. in the 60 days prior to date of Statement:

Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
8/18/2006   Sell   5,341.00   Open Market   22.38
8/30/2006   Buy   12,000.00   Open Market   22.64
8/30/2006   Buy   37,400.00   Open Market   22.67
9/8/2006   Sell   50,000.00   Open Market   22.00
9/11/2006   Sell   25,000.00   Open Market   21.85
9/11/2006   Sell   15,000.00   Open Market   21.82
9/11/2006   Sell   9,000.00   Open Market   21.81
9/11/2006   Sell   41,000.00   Open Market   21.80
9/11/2006   Sell   40,000.00   Open Market   21.78
9/11/2006   Sell   20,000.00   Open Market   21.72
9/26/2006   Buy   100,000.00   Open Market   21.63
9/26/2006   Buy   50,000.00   Open Market   21.85
9/27/2006   Buy   50,000.00   Open Market   22.94
9/28/2006   Buy   50,000.00   Open Market   23.20
9/28/2006   Buy   50,000.00   Open Market   23.85
9/28/2006   Buy   4,432.00   Open Market   23.34
9/28/2006   Buy   38,031.00   Open Market   23.35
10/4/2006   Buy   100,000.00   Open Market   23.23
10/5/2006   Buy   32,537.00   Open Market   23.50
10/6/2006   Buy   25,000.00   Open Market   23.68
10/6/2006   Buy   25,000.00   Open Market   23.84
10/6/2006   Buy   15,983.00   Open Market   23.82
10/6/2006   Sell   2,421.00   Open Market   23.69
10/9/2006   Buy   25,000.00   Open Market   23.75
10/16/2006   Buy   50,000.00   Open Market   27.17
10/16/2006   Buy   50,000.00   Open Market   27.10
10/18/2006   Sell   900.00   Open Market   25.27
10/18/2006   Sell   500.00   Open Market   25.27

     All of the purchases of Shares set forth below were made by Banco Español De Crédito S.A. in the 60 days prior to the date of Statement:

Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
8/16/2006   Buy   2,500   Open Market   22.38
8/16/2006   Buy   2,600   Open Market   22.36
8/16/2006   Buy   5,000   Open Market   22.37
8/16/2006   Buy   15,000   Open Market   22.37
8/16/2006   Buy   22,483   Open Market   22.30
8/16/2006   Buy   87,000   Open Market   22.38
8/16/2006   Sell   3,666   Open Market   22.40
8/16/2006   Sell   4,000   Open Market   22.37
8/16/2006   Sell   6,957   Open Market   22.39
8/16/2006   Sell   9,377   Open Market   22.38
8/16/2006   Sell   10,000   Open Market   22.37
8/16/2006   Sell   11,000   Open Market   22.47
8/17/2006   Buy   3,000   Open Market   22.30
8/17/2006   Buy   5,130   Open Market   22.22
8/17/2006   Buy   9,000   Open Market   22.24
 
57





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
8/17/2006   Buy   16,000   Open Market   22.23
8/17/2006   Buy   20,000   Open Market   22.26
8/17/2006   Buy   40,000   Open Market   22.37
8/17/2006   Sell   8,332   Open Market   22.31
8/17/2006   Sell   9,480   Open Market   22.32
8/17/2006   Sell   17,082   Open Market   22.29
8/17/2006   Sell   20,000   Open Market   22.24
8/17/2006   Sell   20,000   Open Market   22.25
8/18/2006   Buy   4,301   Open Market   22.27
8/18/2006   Buy   4,500   Open Market   22.47
8/18/2006   Buy   4,838   Open Market   22.45
8/18/2006   Buy   5,000   Open Market   22.46
8/18/2006   Buy   10,627   Open Market   22.28
8/18/2006   Buy   20,000   Open Market   22.35
8/18/2006   Buy   35,000   Open Market   22.31
8/18/2006   Sell   2,500   Open Market   22.45
8/18/2006   Sell   4,500   Open Market   22.27
8/18/2006   Sell   10,000   Open Market   22.31
8/18/2006   Sell   12,000   Open Market   22.47
8/18/2006   Sell   15,000   Open Market   22.45
8/21/2006   Buy   14,000   Open Market   22.36
8/21/2006   Buy   20,000   Open Market   22.38
8/21/2006   Sell   5,653   Open Market   22.50
8/21/2006   Sell   15,000   Open Market   22.41
8/21/2006   Sell   20,000   Open Market   22.38
8/21/2006   Sell   20,000   Open Market   22.40
8/21/2006   Sell   20,000   Open Market   22.53
8/21/2006   Sell   35,000   Open Market   22.45
8/21/2006   Sell   50,000   Open Market   22.56
8/21/2006   Sell   60,000   Open Market   22.58
8/22/2006   Buy   37   Open Market   22.65
8/22/2006   Buy   335   Open Market   22.75
8/22/2006   Buy   633   Open Market   22.66
8/22/2006   Buy   905   Open Market   22.67
8/22/2006   Buy   1,691   Open Market   22.65
8/22/2006   Buy   4,300   Open Market   22.68
8/22/2006   Buy   4,500   Open Market   22.69
8/22/2006   Buy   20,000   Open Market   22.60
8/22/2006   Buy   66,675   Open Market   22.64
8/22/2006   Sell   14,723   Open Market   22.77
8/22/2006   Sell   15,000   Open Market   22.66
8/22/2006   Sell   15,000   Open Market   22.67
8/22/2006   Sell   20,000   Open Market   22.63
8/22/2006   Sell   48,000   Open Market   22.65
8/23/2006   Buy   5,025   Open Market   22.55
8/23/2006   Buy   6,000   Open Market   22.56
8/23/2006   Buy   8,000   Open Market   22.53
8/23/2006   Buy   15,000   Open Market   22.51
8/23/2006   Buy   20,000   Open Market   22.52
8/23/2006   Buy   20,000   Open Market   22.58
8/23/2006   Buy   21,139   Open Market   22.60
 
58





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
8/23/2006   Sell   15,000   Open Market   22.56
8/23/2006   Sell   15,000   Open Market   22.65
8/23/2006   Sell   30,000   Open Market   22.55
8/24/2006   Buy   395   Open Market   22.41
8/24/2006   Buy   826   Open Market   22.53
8/24/2006   Buy   1,018   Open Market   22.55
8/24/2006   Buy   1,506   Open Market   22.54
8/24/2006   Buy   1,621   Open Market   22.49
8/24/2006   Buy   2,000   Open Market   22.40
8/24/2006   Buy   6,000   Open Market   22.53
8/24/2006   Buy   6,926   Open Market   22.41
8/24/2006   Buy   12,000   Open Market   22.52
8/24/2006   Buy   13,379   Open Market   22.50
8/24/2006   Buy   15,000   Open Market   22.54
8/24/2006   Buy   15,000   Open Market   22.56
8/24/2006   Buy   23,000   Open Market   22.47
8/24/2006   Buy   25,000   Open Market   22.51
8/24/2006   Sell   3,500   Open Market   22.53
8/24/2006   Sell   10,944   Open Market   22.52
8/25/2006   Buy   1,675   Open Market   22.54
8/25/2006   Buy   3,551   Open Market   22.47
8/25/2006   Buy   10,000   Open Market   22.49
8/25/2006   Buy   20,000   Open Market   22.55
8/25/2006   Buy   21,000   Open Market   22.54
8/25/2006   Buy   22,443   Open Market   22.50
8/25/2006   Buy   26,770   Open Market   22.52
8/25/2006   Sell   15,000   Open Market   22.60
8/25/2006   Sell   15,000   Open Market   22.63
8/25/2006   Sell   20,000   Open Market   22.57
8/25/2006   Sell   20,000   Open Market   22.61
8/25/2006   Sell   35,000   Open Market   22.59
8/28/2006   Buy   25,000   Open Market   22.65
8/28/2006   Buy   40,000   Open Market   22.64
8/28/2006   Sell   200   Open Market   22.59
8/28/2006   Sell   770   Open Market   22.61
8/28/2006   Sell   19,030   Open Market   22.58
8/29/2006   Buy   4,000   Open Market   22.71
8/29/2006   Buy   10,000   Open Market   22.63
8/29/2006   Buy   20,000   Open Market   22.61
8/29/2006   Buy   30,000   Open Market   22.64
8/29/2006   Buy   60,000   Open Market   22.70
8/29/2006   Sell   10,000   Open Market   22.86
8/30/2006   Buy   700   Open Market   22.68
8/30/2006   Buy   1,675   Open Market   22.60
8/30/2006   Buy   11,195   Open Market   22.77
8/30/2006   Buy   20,000   Open Market   22.61
8/30/2006   Buy   20,000   Open Market   22.63
8/30/2006   Buy   25,000   Open Market   22.70
8/30/2006   Buy   45,000   Open Market   22.71
8/31/2006   Buy   1,675   Open Market   22.44
8/31/2006   Buy   8,000   Open Market   22.44
 
59





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
8/31/2006   Buy   15,000   Open Market   22.41
8/31/2006   Buy   15,000   Open Market   22.45
8/31/2006   Buy   15,000   Open Market   22.46
8/31/2006   Buy   35,000   Open Market   22.43
8/31/2006   Sell   10,000   Open Market   22.66
8/31/2006   Sell   20,000   Open Market   22.50
8/31/2006   Sell   20,000   Open Market   22.60
8/31/2006   Sell   65,000   Open Market   22.48
9/1/2006   Buy   10,000   Open Market   22.46
9/1/2006   Buy   15,388   Open Market   22.45
9/1/2006   Buy   20,000   Open Market   22.48
9/1/2006   Buy   40,000   Open Market   22.50
9/1/2006   Buy   40,871   Open Market   22.44
9/1/2006   Buy   58,032   Open Market   22.47
9/1/2006   Sell   284   Open Market   22.41
9/1/2006   Sell   1,391   Open Market   22.40
9/1/2006   Sell   1,675   Open Market   22.38
9/1/2006   Sell   2,745   Open Market   22.45
9/1/2006   Sell   5,025   Open Market   22.39
9/4/2006   Buy   1,677   Open Market   22.48
9/4/2006   Buy   3,354   Open Market   22.49
9/4/2006   Buy   4,000   Open Market   22.47
9/4/2006   Buy   30,000   Open Market   22.52
9/4/2006   Sell   1,677   Open Market   22.52
9/4/2006   Sell   15,000   Open Market   22.45
9/5/2006   Buy   2,000   Open Market   22.39
9/5/2006   Sell   400   Open Market   22.52
9/5/2006   Sell   5,968   Open Market   22.46
9/5/2006   Sell   10,250   Open Market   22.35
9/5/2006   Sell   12,000   Open Market   22.49
9/5/2006   Sell   49,600   Open Market   22.47
9/5/2006   Sell   55,000   Open Market   22.39
9/6/2006   Buy   28,000   Open Market   22.37
9/6/2006   Sell   1,677   Open Market   22.13
9/6/2006   Sell   1,677   Open Market   22.15
9/6/2006   Sell   1,677   Open Market   22.24
9/6/2006   Sell   1,677   Open Market   22.25
9/6/2006   Sell   24,000   Open Market   22.30
9/6/2006   Sell   35,000   Open Market   22.13
9/6/2006   Sell   40,000   Open Market   22.24
9/7/2006   Buy   20,000   Open Market   21.82
9/7/2006   Buy   45,000   Open Market   21.83
9/7/2006   Sell   5,000   Open Market   21.85
9/7/2006   Sell   19,428   Open Market   21.91
9/7/2006   Sell   35,000   Open Market   21.93
9/7/2006   Sell   47,572   Open Market   21.90
9/7/2006   Sell   50,000   Open Market   21.88
9/8/2006   Buy   1,677   Open Market   22.03
9/8/2006   Buy   20,000   Open Market   21.91
9/8/2006   Buy   25,000   Open Market   21.93
9/8/2006   Buy   40,000   Open Market   22.03
 
60





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/8/2006   Sell   20,000   Open Market   22.00
9/11/2006   Buy   3,354   Open Market   21.79
9/11/2006   Buy   15,000   Open Market   21.77
9/11/2006   Buy   20,000   Open Market   21.74
9/11/2006   Buy   20,000   Open Market   21.78
9/11/2006   Buy   25,000   Open Market   21.73
9/11/2006   Buy   60,000   Open Market   21.66
9/11/2006   Buy   60,000   Open Market   21.75
9/11/2006   Buy   70,000   Open Market   21.79
9/11/2006   Sell   5,000   Open Market   21.73
9/11/2006   Sell   20,000   Open Market   21.85
9/11/2006   Sell   30,000   Open Market   21.78
9/12/2006   Buy   680   Open Market   21.78
9/12/2006   Buy   6,325   Open Market   21.75
9/12/2006   Buy   10,000   Open Market   21.85
9/12/2006   Buy   14,652   Open Market   21.72
9/12/2006   Buy   25,000   Open Market   21.67
9/12/2006   Buy   35,000   Open Market   21.83
9/12/2006   Buy   44,000   Open Market   21.76
9/12/2006   Buy   45,000   Open Market   21.69
9/12/2006   Sell   43   Open Market   21.74
9/12/2006   Sell   12,957   Open Market   21.73
9/13/2006   Buy   6,691   Open Market   21.59
9/13/2006   Buy   11,594   Open Market   21.57
9/13/2006   Buy   13,000   Open Market   21.56
9/13/2006   Buy   14,632   Open Market   21.62
9/13/2006   Buy   17,000   Open Market   21.75
9/13/2006   Buy   18,000   Open Market   21.58
9/13/2006   Buy   20,000   Open Market   21.78
9/13/2006   Buy   20,000   Open Market   21.83
9/13/2006   Buy   26,039   Open Market   21.80
9/13/2006   Buy   40,000   Open Market   21.71
9/13/2006   Buy   45,677   Open Market   21.60
9/13/2006   Sell   64   Open Market   21.63
9/13/2006   Sell   7,228   Open Market   21.65
9/13/2006   Sell   20,000   Open Market   21.61
9/13/2006   Sell   54,614   Open Market   21.62
9/14/2006   Buy   671   Open Market   21.74
9/14/2006   Buy   15,000   Open Market   21.49
9/14/2006   Sell   3,000   Open Market   21.45
9/14/2006   Sell   4,722   Open Market   21.51
9/14/2006   Sell   8,000   Open Market   21.55
9/14/2006   Sell   11,303   Open Market   21.54
9/15/2006   Buy   906   Open Market   21.67
9/15/2006   Buy   10,000   Open Market   21.55
9/15/2006   Buy   16,524   Open Market   21.62
9/15/2006   Buy   23,000   Open Market   21.59
9/15/2006   Buy   29,482   Open Market   21.63
9/15/2006   Sell   6,588   Open Market   21.48
9/15/2006   Sell   8,000   Open Market   21.43
9/15/2006   Sell   8,724   Open Market   21.40
 
61





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/15/2006   Sell   10,000   Open Market   21.41
9/15/2006   Sell   16,000   Open Market   21.55
9/15/2006   Sell   27,015   Open Market   21.42
9/15/2006   Sell   29,412   Open Market   21.45
9/15/2006   Sell   71,262   Open Market   21.39
9/15/2006   Sell   250,000   Open Market   21.65
9/18/2006   Buy   1,677   Open Market   21.74
9/18/2006   Buy   15,000   Open Market   21.71
9/18/2006   Buy   20,000   Open Market   21.72
9/18/2006   Buy   20,000   Open Market   21.74
9/18/2006   Buy   25,000   Open Market   21.80
9/18/2006   Buy   27,000   Open Market   21.82
9/18/2006   Buy   27,087   Open Market   21.79
9/18/2006   Sell   1,708   Open Market   21.88
9/18/2006   Sell   2,116   Open Market   21.61
9/18/2006   Sell   2,292   Open Market   21.84
9/18/2006   Sell   7,686   Open Market   21.82
9/18/2006   Sell   8,000   Open Market   21.63
9/18/2006   Sell   8,000   Open Market   21.72
9/18/2006   Sell   8,000   Open Market   21.87
9/18/2006   Sell   13,950   Open Market   21.79
9/18/2006   Sell   20,000   Open Market   21.85
9/18/2006   Sell   22,000   Open Market   21.74
9/18/2006   Sell   25,000   Open Market   21.83
9/18/2006   Sell   32,000   Open Market   21.76
9/18/2006   Sell   37,000   Open Market   21.70
9/18/2006   Sell   41,884   Open Market   21.60
9/19/2006   Buy   25,000   Open Market   21.74
9/19/2006   Buy   40,000   Open Market   21.65
9/19/2006   Sell   4,000   Open Market   21.86
9/19/2006   Sell   12,000   Open Market   21.82
9/19/2006   Sell   13,000   Open Market   21.67
9/19/2006   Sell   22,000   Open Market   21.73
9/19/2006   Sell   24,000   Open Market   21.84
9/19/2006   Sell   34,000   Open Market   21.79
9/19/2006   Sell   48,000   Open Market   21.83
9/20/2006   Buy   100   Open Market   27.00
9/20/2006   Buy   12,000   Open Market   21.63
9/20/2006   Buy   15,000   Open Market   21.68
9/20/2006   Buy   25,000   Open Market   21.62
9/20/2006   Buy   35,900   Open Market   21.66
9/20/2006   Buy   49,100   Open Market   21.67
9/20/2006   Buy   70,000   Open Market   21.70
9/20/2006   Buy   137,000   Open Market   21.71
9/20/2006   Buy   170,000   Open Market   21.60
9/20/2006   Sell   1,677   Open Market   21.71
9/20/2006   Sell   10,000   Open Market   21.61
9/21/2006   Buy   10,000   Open Market   21.77
9/21/2006   Buy   25,000   Open Market   21.87
9/21/2006   Buy   50,000   Open Market   21.78
9/21/2006   Buy   75,000   Open Market   21.75
 
62





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/21/2006   Sell   17,634   Open Market   21.82
9/21/2006   Sell   50,000   Open Market   21.73
9/22/2006   Buy   50,000   Open Market   21.67
9/22/2006   Sell   3,264   Open Market   21.70
9/22/2006   Sell   5,000   Open Market   21.71
9/22/2006   Sell   10,000   Open Market   21.93
9/22/2006   Sell   15,000   Open Market   21.82
9/22/2006   Sell   23,000   Open Market   21.80
9/22/2006   Sell   25,000   Open Market   21.78
9/22/2006   Sell   28,551   Open Market   21.90
9/22/2006   Sell   30,000   Open Market   21.69
9/22/2006   Sell   40,064   Open Market   21.88
9/22/2006   Sell   47,043   Open Market   21.89
9/22/2006   Sell   60,000   Open Market   21.92
9/22/2006   Sell   62,000   Open Market   21.91
9/25/2006   Buy   13,000   Open Market   21.57
9/25/2006   Buy   15,000   Open Market   21.69
9/25/2006   Buy   16,000   Open Market   21.43
9/25/2006   Buy   20,000   Open Market   21.61
9/25/2006   Buy   32,000   Open Market   21.63
9/25/2006   Buy   35,000   Open Market   21.52
9/25/2006   Buy   43,000   Open Market   21.62
9/25/2006   Sell   3,000   Open Market   21.60
9/25/2006   Sell   8,000   Open Market   21.45
9/25/2006   Sell   10,081   Open Market   21.69
9/25/2006   Sell   12,742   Open Market   21.65
9/25/2006   Sell   13,000   Open Market   21.52
9/26/2006   Buy   4,071   Open Market   21.53
9/26/2006   Buy   8,000   Open Market   21.58
9/26/2006   Buy   10,000   Open Market   21.83
9/26/2006   Buy   21,251   Open Market   21.70
9/26/2006   Buy   24,000   Open Market   21.84
9/26/2006   Buy   45,467   Open Market   21.71
9/26/2006   Buy   80,000   Open Market   21.96
9/26/2006   Sell   8,640   Open Market   21.79
9/26/2006   Sell   11,079   Open Market   27.08
9/26/2006   Sell   12,000   Open Market   21.73
9/26/2006   Sell   20,000   Open Market   21.64
9/26/2006   Sell   20,000   Open Market   21.85
9/27/2006   Buy   1,701   Open Market   22.82
9/27/2006   Buy   4,800   Open Market   22.78
9/27/2006   Buy   5,000   Open Market   22.87
9/27/2006   Buy   10,000   Open Market   22.84
9/27/2006   Buy   10,000   Open Market   22.95
9/27/2006   Buy   10,000   Open Market   22.96
9/27/2006   Buy   10,000   Open Market   23.06
9/27/2006   Buy   15,194   Open Market   22.58
9/27/2006   Buy   18,947   Open Market   23.00
9/27/2006   Buy   21,053   Open Market   22.99
9/27/2006   Buy   25,000   Open Market   22.91
9/27/2006   Buy   40,000   Open Market   22.80
 
63





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/27/2006   Buy   47,000   Open Market   22.82
9/27/2006   Buy   50,000   Open Market   22.90
9/27/2006   Buy   67,000   Open Market   22.73
9/27/2006   Buy   138,000   Open Market   23.05
9/27/2006   Sell   2,259   Open Market   22.13
9/27/2006   Sell   3,272   Open Market   23.09
9/27/2006   Sell   5,000   Open Market   22.99
9/27/2006   Sell   6,822   Open Market   22.13
9/27/2006   Sell   8,538   Open Market   23.06
9/27/2006   Sell   9,589   Open Market   23.07
9/27/2006   Sell   10,000   Open Market   22.90
9/27/2006   Sell   10,000   Open Market   23.04
9/27/2006   Sell   15,000   Open Market   22.94
9/27/2006   Sell   25,250   Open Market   22.98
9/27/2006   Sell   40,000   Open Market   22.78
9/27/2006   Sell   50,000   Open Market   22.77
9/27/2006   Sell   60,601   Open Market   23.05
9/28/2006   Buy   1,701   Open Market   23.40
9/28/2006   Buy   5,000   Open Market   23.44
9/28/2006   Buy   5,042   Open Market   23.62
9/28/2006   Buy   10,032   Open Market   23.47
9/28/2006   Buy   14,958   Open Market   23.65
9/28/2006   Buy   15,000   Open Market   23.93
9/28/2006   Buy   19,628   Open Market   23.42
9/28/2006   Buy   20,000   Open Market   23.18
9/28/2006   Buy   20,000   Open Market   23.22
9/28/2006   Buy   20,000   Open Market   23.50
9/28/2006   Buy   20,000   Open Market   23.82
9/28/2006   Buy   20,000   Open Market   23.42
9/28/2006   Buy   22,355   Open Market   23.57
9/28/2006   Buy   25,000   Open Market   23.54
9/28/2006   Buy   52,912   Open Market   23.48
9/28/2006   Buy   67,968   Open Market   23.43
9/28/2006   Buy   70,000   Open Market   23.40
9/28/2006   Sell   229   Open Market   23.01
9/28/2006   Sell   295   Open Market   22.99
9/28/2006   Sell   5,000   Open Market   23.12
9/28/2006   Sell   6,000   Open Market   23.90
9/28/2006   Sell   9,483   Open Market   23.19
9/28/2006   Sell   10,000   Open Market   23.06
9/28/2006   Sell   10,000   Open Market   23.73
9/28/2006   Sell   12,000   Open Market   23.83
9/28/2006   Sell   15,000   Open Market   23.53
9/28/2006   Sell   15,517   Open Market   23.22
9/28/2006   Sell   20,000   Open Market   23.02
9/28/2006   Sell   20,000   Open Market   23.55
9/28/2006   Sell   20,000   Open Market   23.74
9/28/2006   Sell   27,000   Open Market   23.68
9/28/2006   Sell   41,000   Open Market   23.10
9/28/2006   Sell   49,705   Open Market   22.98
9/28/2006   Sell   49,771   Open Market   23.00
 
64





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/28/2006   Sell   50,000   Open Market   24.01
9/29/2006   Buy   11,542   Open Market   23.46
9/29/2006   Buy   15,000   Open Market   23.63
9/29/2006   Buy   25,000   Open Market   23.47
9/29/2006   Buy   25,000   Open Market   23.59
9/29/2006   Buy   31,000   Open Market   23.49
9/29/2006   Buy   33,458   Open Market   23.48
9/29/2006   Buy   40,000   Open Market   23.57
9/29/2006   Sell   9,000   Open Market   23.59
9/29/2006   Sell   20,000   Open Market   23.46
9/29/2006   Sell   55,000   Open Market   23.66
10/2/2006   Buy   4,000   Open Market   23.69
10/2/2006   Buy   5,000   Open Market   23.68
10/2/2006   Buy   5,000   Open Market   23.49
10/2/2006   Buy   5,000   Open Market   23.67
10/2/2006   Buy   6,490   Open Market   23.70
10/2/2006   Buy   20,000   Open Market   23.50
10/2/2006   Buy   35,662   Open Market   23.75
10/2/2006   Buy   40,000   Open Market   23.71
10/2/2006   Buy   65,000   Open Market   23.72
10/2/2006   Buy   20,000   Open Market   23.70
10/2/2006   Sell   6,000   Open Market   23.69
10/2/2006   Sell   22,000   Open Market   23.73
10/2/2006   Sell   25,000   Open Market   23.72
10/2/2006   Sell   38,000   Open Market   23.75
10/2/2006   Sell   50,000   Open Market   23.89
10/2/2006   Sell   62,162   Open Market   23.86
10/3/2006   Buy   10,000   Open Market   23.14
10/3/2006   Buy   18,000   Open Market   23.16
10/3/2006   Buy   26,000   Open Market   23.27
10/3/2006   Buy   30,000   Open Market   23.21
10/3/2006   Buy   100,000   Open Market   23.30
10/3/2006   Sell   6,000   Open Market   23.18
10/3/2006   Sell   6,000   Open Market   23.21
10/3/2006   Sell   15,000   Open Market   23.13
10/3/2006   Sell   15,000   Open Market   23.25
10/3/2006   Sell   20,000   Open Market   23.15
10/3/2006   Sell   20,000   Open Market   23.47
10/3/2006   Sell   20,000   Open Market   23.52
10/3/2006   Sell   27,000   Open Market   23.44
10/3/2006   Sell   29,000   Open Market   23.30
10/3/2006   Sell   33,000   Open Market   23.50
10/4/2006   Buy   478   Open Market   23.12
10/4/2006   Buy   16,308   Open Market   23.21
10/4/2006   Buy   24,000   Open Market   23.25
10/4/2006   Buy   35,000   Open Market   23.16
10/4/2006   Buy   45,000   Open Market   23.22
10/4/2006   Buy   50,000   Open Market   23.23
10/4/2006   Buy   89,036   Open Market   23.07
10/4/2006   Sell   3,000   Open Market   23.23
10/4/2006   Sell   20,000   Open Market   23.09
 
65





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/5/2006   Buy   2,032   Open Market   23.66
10/5/2006   Buy   3,000   Open Market   23.42
10/5/2006   Buy   6,000   Open Market   23.51
10/5/2006   Buy   15,000   Open Market   23.60
10/5/2006   Buy   20,000   Open Market   23.78
10/5/2006   Buy   55,000   Open Market   23.50
10/5/2006   Sell   5   Open Market   23.66
10/5/2006   Sell   1,394   Open Market   23.53
10/5/2006   Sell   1,689   Open Market   23.65
10/5/2006   Sell   1,694   Open Market   23.46
10/5/2006   Sell   1,694   Open Market   23.47
10/5/2006   Sell   1,694   Open Market   23.48
10/5/2006   Sell   1,694   Open Market   23.58
10/5/2006   Sell   1,994   Open Market   23.54
10/5/2006   Sell   2,710   Open Market   23.63
10/5/2006   Sell   3,388   Open Market   23.63
10/5/2006   Sell   3,388   Open Market   23.64
10/5/2006   Sell   6,000   Open Market   23.60
10/5/2006   Sell   7,300   Open Market   23.71
10/5/2006   Sell   9,000   Open Market   23.67
10/5/2006   Sell   10,729   Open Market   25.54
10/5/2006   Sell   18,000   Open Market   23.61
10/5/2006   Sell   19,000   Open Market   23.65
10/6/2006   Buy   5,000   Open Market   23.65
10/6/2006   Buy   6,000   Open Market   23.84
10/6/2006   Buy   10,000   Open Market   23.69
10/6/2006   Buy   15,000   Open Market   23.67
10/6/2006   Buy   20,000   Open Market   23.71
10/6/2006   Buy   34,338   Open Market   23.86
10/6/2006   Buy   38,811   Open Market   23.88
10/6/2006   Buy   66,189   Open Market   23.90
10/6/2006   Buy   105,662   Open Market   23.82
10/6/2006   Sell   5,000   Open Market   23.71
10/6/2006   Sell   6,100   Open Market   23.90
10/6/2006   Sell   7,000   Open Market   23.77
10/6/2006   Sell   10,000   Open Market   23.69
10/6/2006   Sell   10,000   Open Market   23.81
10/6/2006   Sell   12,500   Open Market   23.85
10/6/2006   Sell   12,500   Open Market   23.88
10/6/2006   Sell   13,000   Open Market   23.72
10/6/2006   Sell   15,000   Open Market   23.89
10/6/2006   Sell   18,000   Open Market   23.76
10/6/2006   Sell   19,024   Open Market   23.87
10/6/2006   Sell   19,476   Open Market   23.86
10/6/2006   Sell   22,221   Open Market   23.80
10/6/2006   Sell   28,000   Open Market   23.79
10/6/2006   Sell   31,373   Open Market   25.50
10/6/2006   Sell   63,000   Open Market   23.65
10/9/2006   Buy   2,500   Open Market   23.72
10/9/2006   Buy   2,500   Open Market   23.77
10/9/2006   Buy   2,500   Open Market   23.83
 
66





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/9/2006   Buy   9,500   Open Market   23.81
10/9/2006   Buy   30,000   Open Market   23.76
10/9/2006   Buy   30,000   Open Market   23.82
10/9/2006   Buy   51,000   Open Market   23.78
10/9/2006   Buy   64,000   Open Market   23.75
10/9/2006   Buy   64,000   Open Market   23.79
10/9/2006   Sell   5,000   Open Market   23.78
10/9/2006   Sell   20,000   Open Market   23.77
10/9/2006   Sell   26,000   Open Market   23.80
10/10/2006   Buy   4,000   Open Market   24.27
10/10/2006   Buy   6,000   Open Market   24.28
10/10/2006   Buy   10,000   Open Market   24.32
10/10/2006   Buy   19,000   Open Market   24.23
10/10/2006   Buy   58,000   Open Market   24.21
10/10/2006   Buy   58,000   Open Market   24.30
10/10/2006   Buy   62,000   Open Market   24.20
10/10/2006   Buy   108,000   Open Market   24.31
10/10/2006   Sell   4,500   Open Market   24.00
10/10/2006   Sell   5,700   Open Market   24.29
10/10/2006   Sell   5,916   Open Market   25.44
10/10/2006   Sell   6,500   Open Market   24.15
10/10/2006   Sell   7,200   Open Market   23.90
10/10/2006   Sell   14,000   Open Market   24.22
10/10/2006   Sell   14,684   Open Market   24.24
10/10/2006   Sell   17,741   Open Market   24.25
10/10/2006   Sell   28,670   Open Market   24.14
10/10/2006   Sell   29,483   Open Market   24.23
10/10/2006   Sell   30,000   Open Market   24.59
10/10/2006   Sell   36,830   Open Market   24.18
10/10/2006   Sell   110,000   Open Market   24.62
10/11/2006   Buy   813   Open Market   25.49
10/11/2006   Buy   2,355   Open Market   25.22
10/11/2006   Buy   5,000   Open Market   25.44
10/11/2006   Buy   5,209   Open Market   25.21
10/11/2006   Buy   10,900   Open Market   25.18
10/11/2006   Buy   15,000   Open Market   25.23
10/11/2006   Buy   60,000   Open Market   25.25
10/11/2006   Sell   2,300   Open Market   25.63
10/11/2006   Sell   5,000   Open Market   24.62
10/11/2006   Sell   5,344   Open Market   25.38
10/11/2006   Sell   5,578   Open Market   25.55
10/11/2006   Sell   8,129   Open Market   25.56
10/11/2006   Sell   8,700   Open Market   25.12
10/11/2006   Sell   10,381   Open Market   25.45
10/11/2006   Sell   11,363   Open Market   24.92
10/11/2006   Sell   12,000   Open Market   24.74
10/11/2006   Sell   15,000   Open Market   24.55
10/11/2006   Sell   15,000   Open Market   24.76
10/11/2006   Sell   15,000   Open Market   24.85
10/11/2006   Sell   15,000   Open Market   25.15
10/11/2006   Sell   15,000   Open Market   25.25
 
67





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/11/2006   Sell   15,000   Open Market   25.59
10/11/2006   Sell   17,000   Open Market   24.83
10/11/2006   Sell   19,619   Open Market   25.44
10/11/2006   Sell   24,654   Open Market   25.09
10/11/2006   Sell   25,000   Open Market   24.48
10/11/2006   Sell   25,346   Open Market   25.08
10/11/2006   Sell   30,000   Open Market   25.00
10/11/2006   Sell   36,000   Open Market   25.46
10/11/2006   Sell   40,000   Open Market   25.58
10/11/2006   Sell   45,000   Open Market   24.75
10/11/2006   Sell   50,000   Open Market   25.05
10/11/2006   Sell   50,000   Open Market   25.14
10/11/2006   Sell   50,000   Open Market   25.57
10/11/2006   Sell   58,754   Open Market   25.60
10/11/2006   Sell   73,246   Open Market   25.49
10/11/2006   Sell   74,230   Open Market   25.40
10/11/2006   Sell   147,520   Open Market   24.90
10/11/2006   Sell   274,422   Open Market   25.50
10/12/2006   Buy   5,183   Open Market   25.49
10/12/2006   Buy   6,000   Open Market   25.21
10/12/2006   Buy   28,000   Open Market   25.35
10/12/2006   Buy   30,000   Open Market   25.51
10/12/2006   Buy   30,817   Open Market   25.50
10/12/2006   Sell   10,000   Open Market   25.67
10/12/2006   Sell   32,156   Open Market   25.40
10/12/2006   Sell   40,000   Open Market   25.61
10/12/2006   Sell   70,000   Open Market   25.65
10/13/2006   Buy   15,000   Open Market   25.53
10/13/2006   Sell   310   Open Market   26.28
10/13/2006   Sell   13,000   Open Market   25.93
10/13/2006   Sell   20,000   Open Market   25.89
10/13/2006   Sell   20,000   Open Market   26.19
10/13/2006   Sell   25,000   Open Market   25.60
10/13/2006   Sell   30,000   Open Market   25.80
10/13/2006   Sell   30,000   Open Market   25.98
10/13/2006   Sell   30,000   Open Market   26.10
10/13/2006   Sell   30,000   Open Market   26.16
10/13/2006   Sell   30,000   Open Market   26.21
10/13/2006   Sell   30,000   Open Market   26.24
10/13/2006   Sell   50,000   Open Market   25.85
10/13/2006   Sell   50,000   Open Market   25.87
10/13/2006   Sell   50,000   Open Market   26.00
10/13/2006   Sell   50,000   Open Market   26.15
10/13/2006   Sell   53,000   Open Market   26.20
10/13/2006   Sell   60,000   Open Market   26.08
10/13/2006   Sell   65,000   Open Market   25.85
10/13/2006   Sell   89,690   Open Market   26.25
10/16/2006   Buy   1,621   Open Market   26.74
10/16/2006   Buy   2,000   Open Market   26.45
10/16/2006   Buy   2,000   Open Market   26.55
10/16/2006   Buy   2,000   Open Market   26.72
 
68





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/16/2006   Buy   2,200   Open Market   27.02
10/16/2006   Buy   3,000   Open Market   26.96
10/16/2006   Buy   5,000   Open Market   27.10
10/16/2006   Sell   3,368   Open Market   26.61
10/16/2006   Sell   5,100   Open Market   26.83
10/16/2006   Sell   6,600   Open Market   27.15
10/16/2006   Sell   10,000   Open Market   27.12
10/16/2006   Sell   10,000   Open Market   26.88
10/16/2006   Sell   15,000   Open Market   26.57
10/16/2006   Sell   20,000   Open Market   26.82
10/16/2006   Sell   20,000   Open Market   26.97
10/16/2006   Sell   20,000   Open Market   27.08
10/16/2006   Sell   20,000   Open Market   27.14
10/16/2006   Sell   20,000   Open Market   27.18
10/16/2006   Sell   25,000   Open Market   27.09
10/16/2006   Sell   30,000   Open Market   26.42
10/16/2006   Sell   30,000   Open Market   26.58
10/16/2006   Sell   30,000   Open Market   26.64
10/16/2006   Sell   30,000   Open Market   26.75
10/16/2006   Sell   30,000   Open Market   27.22
10/16/2006   Sell   31,400   Open Market   26.93
10/16/2006   Sell   35,000   Open Market   26.60
10/16/2006   Sell   40,000   Open Market   26.37
10/16/2006   Sell   40,000   Open Market   26.92
10/16/2006   Sell   47,077   Open Market   26.80
10/16/2006   Sell   48,000   Open Market   27.35
10/16/2006   Sell   50,000   Open Market   26.48
10/16/2006   Sell   50,000   Open Market   27.00
10/17/2006   Buy   2,000   Open Market   25.70
10/17/2006   Buy   20,000   Open Market   25.67
10/17/2006   Buy   20,000   Open Market   25.71
10/17/2006   Buy   20,000   Open Market   25.74
10/17/2006   Buy   20,000   Open Market   25.76
10/17/2006   Buy   20,000   Open Market   25.78
10/17/2006   Buy   20,000   Open Market   25.79
10/17/2006   Buy   20,000   Open Market   25.82
10/17/2006   Buy   20,000   Open Market   25.83
10/17/2006   Buy   20,000   Open Market   25.92
10/17/2006   Buy   20,000   Open Market   25.93
10/17/2006   Buy   30,000   Open Market   25.62
10/17/2006   Buy   30,000   Open Market   25.68
10/17/2006   Buy   30,000   Open Market   25.86
10/17/2006   Buy   30,000   Open Market   25.94
10/17/2006   Buy   30,000   Open Market   25.95
10/17/2006   Buy   30,000   Open Market   26.03
10/17/2006   Buy   30,000   Open Market   26.16
10/17/2006   Buy   30,000   Open Market   26.17
10/17/2006   Buy   30,000   Open Market   26.20
10/17/2006   Buy   30,000   Open Market   26.22
10/17/2006   Buy   32,500   Open Market   25.69
10/17/2006   Buy   32,500   Open Market   25.75
 
69





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/17/2006   Buy   37,000   Open Market   25.80
10/17/2006   Buy   50,000   Open Market   25.90
10/17/2006   Buy   63,734   Open Market   25.72
10/17/2006   Buy   100,000   Open Market   26.00
10/17/2006   Buy   210,000   Open Market   26.00
10/17/2006   Sell   3,000   Open Market   26.01
10/17/2006   Sell   4,517   Open Market   25.88
10/17/2006   Sell   80,000   Open Market   25.70
10/18/2006   Buy   5,100   Open Market   25.15
10/18/2006   Buy   7,500   Open Market   25.00
10/18/2006   Buy   8,000   Open Market   25.33
10/18/2006   Buy   20,000   Open Market   25.05
10/18/2006   Buy   20,000   Open Market   25.06
10/18/2006   Buy   20,000   Open Market   25.14
10/18/2006   Buy   20,000   Open Market   25.21
10/18/2006   Buy   20,000   Open Market   25.23
10/18/2006   Buy   20,000   Open Market   25.29
10/18/2006   Buy   24,000   Open Market   25.04
10/18/2006   Buy   24,000   Open Market   25.11
10/18/2006   Buy   25,000   Open Market   25.02
10/18/2006   Buy   33,000   Open Market   25.24
10/18/2006   Buy   40,000   Open Market   25.16
10/18/2006   Buy   98,000   Open Market   25.26
10/18/2006   Sell   5,000   Open Market   25.65
10/18/2006   Sell   6,300   Open Market   25.44
10/18/2006   Sell   6,600   Open Market   25.37
10/18/2006   Sell   9,000   Open Market   25.74
10/18/2006   Sell   10,000   Open Market   25.23
10/18/2006   Sell   15,000   Open Market   25.38
10/18/2006   Sell   16,000   Open Market   25.75
10/18/2006   Sell   20,000   Open Market   25.45
10/18/2006   Sell   87,000   Open Market   25.80
10/19/2006   Buy   9,000   Open Market   25.73
10/19/2006   Buy   10,000   Open Market   25.60
10/19/2006   Buy   10,000   Open Market   25.64
10/19/2006   Buy   10,000   Open Market   25.68
10/19/2006   Buy   12,907   Open Market   25.62
10/19/2006   Buy   15,000   Open Market   25.49
10/19/2006   Buy   30,000   Open Market   25.56
10/19/2006   Buy   125,000   Open Market   25.78
10/19/2006   Sell   3,800   Open Market   25.90
10/19/2006   Sell   6,533   Open Market   25.66
10/19/2006   Sell   6,600   Open Market   25.84
10/19/2006   Sell   7,290   Open Market   25.75
10/19/2006   Sell   12,000   Open Market   25.70
10/19/2006   Sell   13,000   Open Market   25.85
10/19/2006   Sell   15,710   Open Market   25.72
10/19/2006   Sell   27,000   Open Market   25.89
10/20/2006   Buy   5,100   Open Market   25.93
10/20/2006   Buy   5,200   Open Market   25.79
10/20/2006   Buy   23,069   Open Market   25.86
 
70





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/20/2006   Buy   65,000   Open Market   26.05
10/20/2006   Sell   370   Open Market   25.80
10/20/2006   Sell   19,630   Open Market   25.79
10/20/2006   Sell   1,774   Open Market   25.86
10/20/2006   Sell   18,226   Open Market   25.81
10/20/2006   Sell   30,000   Open Market   25.88
10/20/2006   Sell   23,853   Open Market   25.87
10/20/2006   Sell   10,000   Open Market   25.90
10/20/2006   Sell   42,717   Open Market   25.97
10/20/2006   Sell   5,000   Open Market   26.03
10/20/2006   Sell   9,746   Open Market   25.98
10/20/2006   Sell   2,283   Open Market   25.99
10/20/2006   Sell   9,537   Open Market   25.91
10/20/2006   Sell   392   Open Market   26.01
10/20/2006   Sell   1,613   Open Market   25.92
10/20/2006   Sell   4,608   Open Market   26.05
10/23/2006   Buy   25,000   Open Market   25.87
10/23/2006   Buy   10,000   Open Market   25.66
10/23/2006   Buy   15,000   Open Market   25.64
10/23/2006   Buy   10,261   Open Market   25.56
10/23/2006   Buy   21,865   Open Market   25.72
10/23/2006   Buy   80,000   Open Market   25.85
10/23/2006   Sell   1,941   Open Market   25.75
10/23/2006   Sell   23,059   Open Market   25.74
10/23/2006   Sell   9,000   Open Market   25.85
10/24/2006   Buy   15,000   Open Market   25.77
10/24/2006   Buy   8,600   Open Market   25.65
10/24/2006   Buy   21,300   Open Market   25.68
10/24/2006   Buy   20,000   Open Market   25.71
10/24/2006   Buy   39,000   Open Market   25.76
10/24/2006   Buy   17,998   Open Market   25.72
10/24/2006   Buy   100,000   Open Market   25.73
10/24/2006   Sell   3,000   Open Market   25.69

     All of the purchases of Shares set forth below were made by Santander Investment Bolsa S.V.S.A. in the 60 days prior to date of Statement:

Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
8/21/2006   Buy   10,000   Open Market   22.55
8/21/2006   Buy   5,000   Open Market   22.47
8/21/2006   Sell   5,000   Open Market   22.60
8/21/2006   Sell   3,000   Open Market   22.59
8/21/2006   Sell   2,000   Open Market   22.56
8/21/2006   Sell   5,000   Open Market   22.42
8/22/2006   Buy   4,046   Open Market   22.78
8/22/2006   Sell   4,046   Open Market   22.77
8/23/2006   Buy   20   Open Market   22.54
8/23/2006   Sell   20   Open Market   22.56
8/25/2006   Buy   3,000   Open Market   22.52
8/25/2006   Buy   2,000   Open Market   22.48
 
71





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
8/25/2006   Sell   3,000   Open Market   22.52
8/25/2006   Sell   1,000   Open Market   22.50
8/25/2006   Sell   1,000   Open Market   22.49
8/29/2006   Buy   4,400   Open Market   22.78
8/29/2006   Sell   4,400   Open Market   22.78
8/30/2006   Buy   22,224   Open Market   22.70
8/30/2006   Sell   22,224   Open Market   22.70
9/6/2006   Buy   2,000   Open Market   22.37
9/6/2006   Sell   2,000   Open Market   22.36
9/11/2006   Buy   20,000   Open Market   21.72
9/11/2006   Sell   10,000   Open Market   21.75
9/11/2006   Sell   10,000   Open Market   21.69
9/22/2006   Buy   3,000   Open Market   21.79
9/25/2006   Buy   35,000   Open Market   21.68
9/25/2006   Buy   35,000   Open Market   21.67
9/25/2006   Sell   3,000   Open Market   21.70
9/25/2006   Sell   35,000   Open Market   21.68
9/25/2006   Sell   35,000   Open Market   21.67
9/26/2006   Buy   12,500   Open Market   21.98
9/26/2006   Buy   12,500   Open Market   21.96
9/26/2006   Buy   20,488   Open Market   21.95
9/26/2006   Buy   4,512   Open Market   21.93
9/26/2006   Buy   36,258   Open Market   21.91
9/26/2006   Buy   13,742   Open Market   21.88
9/26/2006   Buy   12,892   Open Market   21.86
9/26/2006   Buy   87,265   Open Market   21.85
9/26/2006   Buy   59,843   Open Market   21.83
9/26/2006   Buy   25,000   Open Market   21.82
9/26/2006   Buy   30,000   Open Market   21.80
9/26/2006   Buy   66,945   Open Market   21.78
9/26/2006   Buy   3,174   Open Market   21.76
9/26/2006   Buy   10,881   Open Market   21.73
9/26/2006   Buy   40,143   Open Market   21.72
9/26/2006   Buy   15,857   Open Market   21.70
9/26/2006   Buy   28,000   Open Market   21.68
9/26/2006   Buy   118,301   Open Market   21.67
9/26/2006   Buy   83,287   Open Market   21.66
9/26/2006   Buy   67,746   Open Market   21.65
9/26/2006   Buy   15,000   Open Market   21.64
9/26/2006   Buy   107,798   Open Market   21.63
9/26/2006   Buy   37,228   Open Market   21.62
9/26/2006   Buy   70,640   Open Market   21.61
9/26/2006   Buy   10,000   Open Market   21.60
9/26/2006   Buy   10,000   Open Market   21.56
9/26/2006   Sell   1,000,000   Open Market   21.77
9/27/2006   Buy   10,469   Open Market   23.13
9/27/2006   Buy   5,000   Open Market   23.08
9/27/2006   Buy   5,000   Open Market   23.06
9/27/2006   Buy   3,000   Open Market   23.05
9/27/2006   Buy   11,000   Open Market   23.04
9/27/2006   Buy   20,000   Open Market   23.03
 
72





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/27/2006   Buy   5,000   Open Market   23.01
9/27/2006   Buy   70,000   Open Market   23.00
9/27/2006   Buy   5,000   Open Market   22.96
9/27/2006   Buy   41,000   Open Market   22.95
9/27/2006   Buy   25,000   Open Market   22.93
9/27/2006   Buy   68,000   Open Market   22.91
9/27/2006   Buy   150,000   Open Market   22.90
9/27/2006   Buy   200,000   Open Market   22.90
9/27/2006   Buy   30,000   Open Market   22.89
9/27/2006   Buy   25,000   Open Market   22.88
9/27/2006   Buy   56,000   Open Market   22.87
9/27/2006   Buy   20,000   Open Market   22.86
9/27/2006   Buy   70,936   Open Market   22.85
9/27/2006   Buy   3,000   Open Market   22.84
9/27/2006   Buy   22,000   Open Market   22.83
9/27/2006   Buy   9,064   Open Market   22.82
9/27/2006   Buy   30,000   Open Market   22.81
9/27/2006   Buy   50,000   Open Market   22.80
9/27/2006   Buy   5,000   Open Market   22.79
9/27/2006   Buy   53,424   Open Market   22.77
9/27/2006   Buy   7,107   Open Market   22.76
9/27/2006   Sell   1,000,000   Open Market   22.89
9/28/2006   Buy   28,000   Open Market   24.00
9/28/2006   Buy   22,000   Open Market   23.93
9/28/2006   Buy   6,000   Open Market   23.92
9/28/2006   Buy   24,000   Open Market   23.87
9/28/2006   Buy   4,000   Open Market   23.84
9/28/2006   Buy   30,000   Open Market   23.83
9/28/2006   Buy   28,000   Open Market   23.80
9/28/2006   Buy   14,183   Open Market   23.69
9/28/2006   Buy   817   Open Market   23.68
9/28/2006   Buy   4,000   Open Market   23.67
9/28/2006   Buy   19,000   Open Market   23.66
9/28/2006   Buy   24,000   Open Market   23.65
9/28/2006   Buy   2,000   Open Market   23.64
9/28/2006   Buy   18,000   Open Market   23.62
9/28/2006   Buy   10,000   Open Market   23.58
9/28/2006   Buy   10,000   Open Market   23.57
9/28/2006   Buy   5,000   Open Market   23.56
9/28/2006   Buy   43,000   Open Market   23.55
9/28/2006   Buy   5,000   Open Market   23.52
9/28/2006   Buy   96,000   Open Market   23.51
9/28/2006   Buy   49,000   Open Market   23.50
9/28/2006   Buy   10,000   Open Market   23.49
9/28/2006   Buy   45,000   Open Market   23.48
9/28/2006   Buy   21,068   Open Market   23.47
9/28/2006   Buy   44,000   Open Market   23.46
9/28/2006   Buy   53,932   Open Market   23.45
9/28/2006   Buy   22,000   Open Market   23.44
9/28/2006   Buy   41,280   Open Market   23.43
9/28/2006   Buy   2   Open Market   23.42
 
73





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/28/2006   Buy   135,740   Open Market   23.42
9/28/2006   Buy   12,000   Open Market   23.41
9/28/2006   Buy   5,000   Open Market   23.40
9/28/2006   Buy   14,720   Open Market   23.39
9/28/2006   Buy   1,260   Open Market   23.38
9/28/2006   Buy   2,500   Open Market   23.37
9/28/2006   Buy   7,000   Open Market   23.36
9/28/2006   Buy   2,000   Open Market   23.34
9/28/2006   Buy   16,500   Open Market   23.30
9/28/2006   Buy   1,618   Open Market   23.25
9/28/2006   Buy   14,000   Open Market   23.22
9/28/2006   Buy   10,000   Open Market   23.21
9/28/2006   Buy   25,050   Open Market   23.20
9/28/2006   Buy   15,000   Open Market   23.19
9/28/2006   Buy   7,000   Open Market   23.17
9/28/2006   Buy   3,000   Open Market   23.16
9/28/2006   Buy   10,000   Open Market   23.14
9/28/2006   Buy   8,000   Open Market   23.11
9/28/2006   Buy   20,000   Open Market   23.05
9/28/2006   Buy   6,950   Open Market   23.02
9/28/2006   Buy   2,000   Open Market   23.01
9/28/2006   Buy   1,382   Open Market   22.99
9/28/2006   Sell   1,000,000   Open Market   23.51
9/28/2006   Sell   2   Open Market   23.42
9/29/2006   Buy   16,000   Open Market   23.82
9/29/2006   Buy   20,000   Open Market   23.80
9/29/2006   Buy   4,500   Open Market   23.78
9/29/2006   Buy   4,681   Open Market   23.77
9/29/2006   Buy   3,130   Open Market   23.76
9/29/2006   Buy   10,000   Open Market   23.75
9/29/2006   Buy   20,000   Open Market   23.72
9/29/2006   Buy   250   Open Market   23.71
9/29/2006   Buy   15,000   Open Market   23.70
9/29/2006   Buy   15,000   Open Market   23.69
9/29/2006   Buy   11,110   Open Market   23.68
9/29/2006   Buy   6,000   Open Market   23.67
9/29/2006   Buy   5,000   Open Market   23.66
9/29/2006   Buy   5,398   Open Market   23.65
9/29/2006   Buy   11,225   Open Market   23.63
9/29/2006   Buy   3,775   Open Market   23.62
9/29/2006   Buy   21,621   Open Market   23.61
9/29/2006   Buy   50,810   Open Market   23.60
9/29/2006   Buy   18,602   Open Market   23.59
9/29/2006   Buy   13,569   Open Market   23.58
9/29/2006   Buy   4,500   Open Market   23.57
9/29/2006   Buy   17,260   Open Market   23.56
9/29/2006   Buy   5,000   Open Market   23.55
9/29/2006   Buy   6,000   Open Market   23.53
9/29/2006   Buy   18,560   Open Market   23.52
9/29/2006   Buy   10,000   Open Market   23.51
9/29/2006   Buy   71,446   Open Market   23.50
 
74





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
9/29/2006   Buy   30,550   Open Market   23.49
9/29/2006   Buy   242,979   Open Market   23.48
9/29/2006   Buy   2,000   Open Market   23.47
9/29/2006   Buy   150,759   Open Market   23.47
9/29/2006   Buy   67,116   Open Market   23.46
9/29/2006   Buy   76,959   Open Market   23.45
9/29/2006   Buy   10,200   Open Market   23.44
9/29/2006   Buy   10,000   Open Market   23.43
9/29/2006   Buy   5,000   Open Market   23.42
9/29/2006   Buy   15,538   Open Market   23.41
9/29/2006   Buy   2,462   Open Market   23.40
9/29/2006   Sell   1,000,000   Open Market   23.55
9/29/2006   Sell   2,000   Open Market   23.47
10/2/2006   Buy   5,000   Open Market   23.93
10/2/2006   Buy   14,807   Open Market   23.92
10/2/2006   Buy   5,000   Open Market   23.91
10/2/2006   Buy   9,000   Open Market   23.90
10/2/2006   Buy   4,000   Open Market   23.89
10/2/2006   Buy   9,000   Open Market   23.88
10/2/2006   Buy   11,693   Open Market   23.87
10/2/2006   Buy   4,000   Open Market   23.86
10/2/2006   Buy   1,012   Open Market   23.84
10/2/2006   Buy   8,488   Open Market   23.82
10/2/2006   Buy   2,000   Open Market   23.81
10/2/2006   Buy   139,769   Open Market   23.80
10/2/2006   Buy   1,000   Open Market   23.79
10/2/2006   Buy   42,363   Open Market   23.79
10/2/2006   Buy   37,251   Open Market   23.78
10/2/2006   Buy   102,939   Open Market   23.77
10/2/2006   Buy   1,649   Open Market   23.76
10/2/2006   Buy   64,203   Open Market   23.76
10/2/2006   Buy   244,722   Open Market   23.75
10/2/2006   Buy   130,383   Open Market   23.74
10/2/2006   Buy   10,000   Open Market   23.73
10/2/2006   Buy   137,958   Open Market   23.73
10/2/2006   Buy   110,436   Open Market   23.72
10/2/2006   Buy   50,000   Open Market   23.71
10/2/2006   Buy   231,798   Open Market   23.71
10/2/2006   Buy   99,643   Open Market   23.70
10/2/2006   Buy   54,865   Open Market   23.69
10/2/2006   Buy   118,496   Open Market   23.68
10/2/2006   Buy   93,297   Open Market   23.67
10/2/2006   Buy   64,400   Open Market   23.66
10/2/2006   Buy   25,474   Open Market   23.65
10/2/2006   Buy   17,132   Open Market   23.64
10/2/2006   Buy   25,000   Open Market   23.63
10/2/2006   Buy   5,993   Open Market   23.63
10/2/2006   Buy   21,000   Open Market   23.61
10/2/2006   Buy   2,000   Open Market   23.60
10/2/2006   Buy   50,000   Open Market   23.58
10/2/2006   Buy   17,764   Open Market   23.58
 
75





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/2/2006   Buy   23,687   Open Market   23.57
10/2/2006   Buy   5,818   Open Market   23.56
10/2/2006   Buy   19,264   Open Market   23.55
10/2/2006   Buy   3,000   Open Market   23.54
10/2/2006   Buy   17,832   Open Market   23.53
10/2/2006   Buy   56,911   Open Market   23.52
10/2/2006   Buy   18,789   Open Market   23.51
10/2/2006   Buy   16,500   Open Market   23.50
10/2/2006   Buy   2,313   Open Market   23.49
10/2/2006   Sell   1,000   Open Market   23.81
10/2/2006   Sell   1,649   Open Market   23.76
10/2/2006   Sell   10,000   Open Market   23.73
10/2/2006   Sell   2,000,000   Open Market   23.73
10/2/2006   Sell   50,000   Open Market   23.71
10/2/2006   Sell   25,000   Open Market   23.63
10/2/2006   Sell   50,000   Open Market   23.58
10/3/2006   Buy   4,648   Open Market   23.48
10/3/2006   Buy   400,531   Open Market   23.30
10/3/2006   Buy   11,000   Open Market   23.28
10/3/2006   Buy   448,698   Open Market   23.27
10/3/2006   Buy   108,123   Open Market   23.25
10/3/2006   Buy   2,790   Open Market   23.22
10/3/2006   Buy   42,648   Open Market   23.20
10/3/2006   Buy   800   Open Market   23.07
10/3/2006   Buy   38   Open Market   23.06
10/3/2006   Buy   100   Open Market   23.06
10/3/2006   Buy   762   Open Market   23.05
10/3/2006   Sell   4,648   Open Market   23.52
10/3/2006   Sell   506,500   Open Market   23.30
10/3/2006   Sell   11,000   Open Market   23.28
10/3/2006   Sell   493,500   Open Market   23.27
10/3/2006   Sell   100   Open Market   23.17
10/3/2006   Sell   800   Open Market   23.07
10/4/2006   Buy   20,000   Open Market   23.25
10/4/2006   Buy   440,728   Open Market   23.25
10/4/2006   Buy   17,000   Open Market   23.24
10/4/2006   Buy   64,050   Open Market   23.24
10/4/2006   Buy   6,000   Open Market   23.23
10/4/2006   Buy   167,508   Open Market   23.23
10/4/2006   Buy   6,786   Open Market   23.22
10/4/2006   Buy   63,214   Open Market   23.22
10/4/2006   Buy   125,000   Open Market   23.21
10/4/2006   Buy   500,000   Open Market   23.20
10/4/2006   Buy   63,500   Open Market   23.20
10/4/2006   Buy   8,000   Open Market   23.19
10/4/2006   Buy   9,000   Open Market   23.17
10/4/2006   Buy   2,800,000   Open Market   23.16
10/4/2006   Buy   41,000   Open Market   23.15
10/4/2006   Buy   59,000   Open Market   23.15
10/4/2006   Buy   3,386   Open Market   23.12
10/4/2006   Buy   3,386   Open Market   23.10
 
76





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/4/2006   Buy   5,000   Open Market   23.10
10/4/2006   Buy   9,000   Open Market   23.07
10/4/2006   Buy   15,000   Open Market   23.06
10/4/2006   Buy   5,000   Open Market   23.05
10/4/2006   Buy   13,767   Open Market   22.99
10/4/2006   Sell   49,786   Open Market   23.25
10/4/2006   Sell   3,800,000   Open Market   23.20
10/4/2006   Sell   50,000   Open Market   23.15
10/4/2006   Sell   25,000   Open Market   23.10
10/4/2006   Sell   13,767   Open Market   23.09
10/4/2006   Sell   800   Open Market   23.04
10/4/2006   Sell   500,000   Open Market   23.00
10/5/2006   Buy   22,386   Open Market   23.70
10/5/2006   Buy   18,476   Open Market   23.68
10/5/2006   Buy   158,619   Open Market   23.67
10/5/2006   Buy   114,109   Open Market   23.66
10/5/2006   Buy   73,438   Open Market   23.65
10/5/2006   Buy   15,900   Open Market   23.64
10/5/2006   Buy   3,812   Open Market   23.63
10/5/2006   Buy   3,260   Open Market   23.62
10/5/2006   Buy   10,000   Open Market   23.61
10/5/2006   Buy   52,200   Open Market   23.59
10/5/2006   Buy   10,000   Open Market   23.53
10/5/2006   Buy   40,000   Open Market   23.50
10/5/2006   Buy   10,000   Open Market   23.49
10/5/2006   Buy   467,800   Open Market   23.49
10/5/2006   Sell   1,000,000   Open Market   23.58
10/6/2006   Buy   26,208   Open Market   23.93
10/6/2006   Buy   53,737   Open Market   23.92
10/6/2006   Buy   49,048   Open Market   23.91
10/6/2006   Buy   24,959   Open Market   23.90
10/6/2006   Buy   28,000   Open Market   23.89
10/6/2006   Buy   128,849   Open Market   23.88
10/6/2006   Buy   117,913   Open Market   23.87
10/6/2006   Buy   59,091   Open Market   23.86
10/6/2006   Buy   150,850   Open Market   23.85
10/6/2006   Buy   58,815   Open Market   23.84
10/6/2006   Buy   42,257   Open Market   23.84
10/6/2006   Buy   100,000   Open Market   23.83
10/6/2006   Buy   43,185   Open Market   23.80
10/6/2006   Buy   265,495   Open Market   23.80
10/6/2006   Buy   65,167   Open Market   23.79
10/6/2006   Buy   12,257   Open Market   23.78
10/6/2006   Buy   56,000   Open Market   23.77
10/6/2006   Buy   33,000   Open Market   23.76
10/6/2006   Buy   128,354   Open Market   23.76
10/6/2006   Buy   251,000   Open Market   23.75
10/6/2006   Buy   68,409   Open Market   23.74
10/6/2006   Buy   6,440   Open Market   23.73
10/6/2006   Buy   25,000   Open Market   23.72
10/6/2006   Buy   9,966   Open Market   23.71
 
77





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/6/2006   Buy   125,000   Open Market   23.70
10/6/2006   Buy   99,900   Open Market   23.69
10/6/2006   Buy   50,000   Open Market   23.68
10/6/2006   Buy   25,000   Open Market   23.67
10/6/2006   Buy   31,000   Open Market   23.66
10/6/2006   Buy   100   Open Market   23.63
10/6/2006   Sell   135,000   Open Market   23.81
10/6/2006   Sell   2,000,000   Open Market   23.80
10/6/2006   Sell   3,386   Open Market   23.67
10/9/2006   Buy   1,707   Open Market   23.77
10/9/2006   Sell   1,707   Open Market   23.77
10/11/2006   Buy   2,500   Open Market   24.64
10/11/2006   Sell   2,500   Open Market   24.80
10/12/2006   Buy   15,000   Open Market   25.67
10/12/2006   Buy   3,386   Open Market   25.52
10/12/2006   Buy   50,000   Open Market   25.30
10/12/2006   Sell   15,000   Open Market   25.67
10/12/2006   Sell   50,000   Open Market   25.30
10/12/2006   Sell   3,386   Open Market   25.15
10/13/2006   Buy   4,780   Open Market   25.99
10/13/2006   Sell   4,780   Open Market   26.00
10/16/2006   Buy   465,000   Open Market   27.35
10/16/2006   Buy   20,609   Open Market   27.26
10/16/2006   Buy   120,000   Open Market   27.25
10/16/2006   Buy   15,000   Open Market   27.23
10/16/2006   Buy   65,970   Open Market   27.22
10/16/2006   Buy   75,000   Open Market   27.19
10/16/2006   Buy   41,392   Open Market   27.16
10/16/2006   Buy   194,786   Open Market   27.15
10/16/2006   Buy   53,553   Open Market   27.14
10/16/2006   Buy   50,156   Open Market   27.13
10/16/2006   Buy   100,000   Open Market   27.12
10/16/2006   Buy   12,462   Open Market   27.12
10/16/2006   Buy   7,495   Open Market   27.11
10/16/2006   Buy   589,548   Open Market   27.10
10/16/2006   Buy   61,310   Open Market   27.09
10/16/2006   Buy   120,000   Open Market   27.08
10/16/2006   Buy   146,050   Open Market   27.06
10/16/2006   Buy   1,041,856   Open Market   27.05
10/16/2006   Buy   35,089   Open Market   27.05
10/16/2006   Buy   45,213   Open Market   27.03
10/16/2006   Buy   113,319   Open Market   27.02
10/16/2006   Buy   886   Open Market   27.01
10/16/2006   Buy   2,500   Open Market   27.00
10/16/2006   Buy   1,000   Open Market   27.00
10/16/2006   Buy   791,496   Open Market   27.00
10/16/2006   Buy   99   Open Market   26.99
10/16/2006   Buy   58,615   Open Market   26.97
10/16/2006   Buy   19,260   Open Market   26.96
10/16/2006   Buy   95,919   Open Market   26.95
10/16/2006   Buy   1,967   Open Market   26.94
 
78





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/16/2006   Buy   146,816   Open Market   26.93
10/16/2006   Buy   139,000   Open Market   26.92
10/16/2006   Buy   47,000   Open Market   26.91
10/16/2006   Buy   101,667   Open Market   26.90
10/16/2006   Buy   55,599   Open Market   26.89
10/16/2006   Buy   7,966   Open Market   26.88
10/16/2006   Buy   19,147   Open Market   26.85
10/16/2006   Buy   38,176   Open Market   26.84
10/16/2006   Buy   31,000   Open Market   26.83
10/16/2006   Buy   27,436   Open Market   26.82
10/16/2006   Buy   10,159   Open Market   26.81
10/16/2006   Buy   40,681   Open Market   26.80
10/16/2006   Buy   4,889   Open Market   26.79
10/16/2006   Buy   33,156   Open Market   26.78
10/16/2006   Buy   18,000   Open Market   26.77
10/16/2006   Buy   113   Open Market   26.48
10/16/2006   Sell   100,000   Open Market   27.12
10/16/2006   Sell   4,961,856   Open Market   27.07
10/16/2006   Sell   1,000   Open Market   27.00
10/16/2006   Sell   113   Open Market   26.51
10/17/2006   Buy   233,212   Open Market   26.00
10/17/2006   Buy   36,265   Open Market   25.99
10/17/2006   Buy   500,000   Open Market   25.92
10/17/2006   Buy   358,935   Open Market   25.90
10/17/2006   Buy   225,000   Open Market   25.89
10/17/2006   Buy   91,668   Open Market   25.89
10/17/2006   Buy   125,000   Open Market   25.88
10/17/2006   Buy   6,100,000   Open Market   25.88
10/17/2006   Buy   31,247   Open Market   25.87
10/17/2006   Buy   150,000   Open Market   25.86
10/17/2006   Buy   50,000   Open Market   25.85
10/17/2006   Buy   25,000   Open Market   25.83
10/17/2006   Buy   59,190   Open Market   25.82
10/17/2006   Buy   100,000   Open Market   25.81
10/17/2006   Buy   10,000   Open Market   25.79
10/17/2006   Buy   15,000   Open Market   25.79
10/17/2006   Buy   128,992   Open Market   25.78
10/17/2006   Buy   150,000   Open Market   25.77
10/17/2006   Buy   20,131   Open Market   25.76
10/17/2006   Buy   82,000   Open Market   25.75
10/17/2006   Buy   47,360   Open Market   25.74
10/17/2006   Buy   56,000   Open Market   25.73
10/17/2006   Buy   45,000   Open Market   25.72
10/17/2006   Buy   90,000   Open Market   25.71
10/17/2006   Buy   308,759   Open Market   25.70
10/17/2006   Buy   400,000   Open Market   25.70
10/17/2006   Buy   69,426   Open Market   25.69
10/17/2006   Buy   600,000   Open Market   25.68
10/17/2006   Buy   25,000   Open Market   25.68
10/17/2006   Buy   36,486   Open Market   25.67
10/17/2006   Buy   101,659   Open Market   25.66
 
79





Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
 
10/17/2006   Buy   72,206   Open Market   25.65
10/17/2006   Buy   3,000   Open Market   25.64
10/17/2006   Buy   1,608   Open Market   25.63
10/17/2006   Sell   9,338,144   Open Market   25.87
10/17/2006   Sell   10,000   Open Market   25.79
10/17/2006   Sell   1,000,000   Open Market   25.70
10/18/2006   Buy   1,000   Open Market   25.29
10/18/2006   Buy   5,000   Open Market   25.28
10/18/2006   Sell   1,000   Open Market   25.29
10/18/2006   Sell   5,000   Open Market   25.28
10/20/2006   Buy   2,000   Open Market   25.94
10/20/2006   Sell   2,000   Open Market   25.98
10/23/2006   Buy   400   Open Market   25.72
10/23/2006   Sell   400   Open Market   25.70
10/24/2006   Buy   4,407   Open Market   25.76
10/24/2006   Buy   65,000   Open Market   25.75
10/24/2006   Buy   61,000   Open Market   25.74
10/24/2006   Buy   51,384   Open Market   25.73
10/24/2006   Buy   5,000   Open Market   25.72
10/24/2006   Buy   21,089   Open Market   25.71
10/24/2006   Buy   43,321   Open Market   25.70
10/24/2006   Buy   109,446   Open Market   25.69
10/24/2006   Buy   188,905   Open Market   25.68
10/24/2006   Buy   129,091   Open Market   25.67
10/24/2006   Buy   31,039   Open Market   25.66
10/24/2006   Buy   59,200   Open Market   25.64
10/24/2006   Buy   45,800   Open Market   25.63
10/24/2006   Buy   50,000   Open Market   25.62
10/24/2006   Buy   68,283   Open Market   25.60
10/24/2006   Buy   17,559   Open Market   25.59
10/24/2006   Buy   19,476   Open Market   25.58
10/24/2006   Sell   970,000   Open Market   25.68

     All of the purchases of Shares set forth below were made by Cartera Mobiliaria,S.A. SICAV in the 60 days prior to date of Statement:

Date of Transaction       Number of Shares        
(Month/Day/Year)   Buy/Sell   Purchased   Nature of Purchase   Price Per Share
9/28/2006   Sell   100,000   Open Market   23.60

80



 EX-99.1 2 dp03844_ex9901.htm

(Multicurrency-Cross Border)

    ISDA®    
 
International Swaps and Derivatives Association, Inc
         
    MASTER AGREEMENT    
         
    dated as of    
         
BANCO SANTANDER   and   PARTICIPACIONES
CENTRAL HISPANO, S.A.       MOBILIARIAS, S.L.U

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions

Accordingly, the parties agree as follows:-

1 Interpretation.

(a)   Definitions. The terms defined in Section 14 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement

(b)   Inconsistency. In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purpose of the relevant Transaction.

(c)   Single Agreement. All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions.

2    Obligations.

(a)   General Conditions.

(i)    Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.

(ii)   Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to





this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement.

(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.

(b)   Change of Account. Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change

(c)    Netting. If on any date amounts would otherwise be payable:-

(i)   in the same currency; and

(ii)  n respect of the same Transaction,

by each party to the other, then, on such date, each party’s obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate amount.

The parties may elect in respect of two or more Transactions that a net amount will be determined in respect of all amounts payable on the same date in the same currency in respect of such Transactions, regardless of whether such amounts are payable in respect of the same Transaction. The election may be made in the Schedule or a Confirmation by specifying that subparagraph (ii) above will not apply to the Transactions identified as being subject to the election, together with the starting date (in which case subparagraph (ii) above will not, or will cease to, apply to such Transactions from such date). This election may be made separately for different groups of Transactions and will apply separately to each pairing of Offices through which the parties make and receive payments or deliveries.

(d)  Deduction or Withholding for Tax.

(i)   Gross-Up. All payments under this Agreement will be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any applicable law, as modified by the practice of any relevant governmental

2



revenue authority, then in effect. If a party is so required to deduct or withhold, then that party (“X”) will:-

(1)   promptly notify the other party (“Y”) of such requirement;

(2  ) pay to the relevant authorities the full amount required to be deducted or withheld (including the full amount required to be deducted or withheld from any additional amount paid by X to Y under this Section 2(d)) promptly upon the earlier of determining that such deduction or withholding is required or receiving notice that such amount has been assessed against Y;

(3)   promptly forward to Y an official receipt (or a certified copy), or other documentation reasonably acceptable to Y, evidencing such payment to such authorities; and

(4)   if such Tax is an Indemnifiable Tax, pay to Y, in addition to the payment to which Y is otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y would have received had no such deduction or withholding been required. However, X will not be required to pay any additional amount to Y to the extent that it would not be required to be paid but for:-

(A)   the failure by Y to comply with or perform any agreement contained In Section 4(a)(i), 4(a)(iii) or 4(d); or

(B)   the failure of a representation made by Y pursuant to Section 3(f) to be accurate and true unless such failure would not have occurred but for (I) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (II) a Change in Tax Law.

(ii)   Liability. If:-

(1)   X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction or withholding in respect of which X would not be required to pay an additional amount to Y under Section 2(d)(i)(4);

(2)   X does not so deduct or withhold; and

(3)   a liability resulting from such Tax is assessed directly against X,

then, except to the extent Y has satisfied or then satisfies the liability resulting from such Tax, Y will promptly pay to X the amount of such liability (including any related liability

3



for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)).

(e)   Default Interest; Other Amounts. Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest wilt be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement

3   Representations

Each party represents to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement) that:-

(a)   Basic Representations.

(i)   Status. It is duly organised and validly existing under the laws of the jurisdiction of its organisation or incorporation and, if relevant under such laws, in good standing;

(ii)   Powers. It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document to which it is a party and has taken all necessary action to authorise such execution, delivery and performance;

(iii)   No Violation or Conflict. Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets;

(iv)   Consents. All governmental and other consents that are required to have been obtained by it with respect to this Agreement or any Credit Support Document to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and

(v)   Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations,

4



enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

(b)   Absence of Certain Events. No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party.

(c)   Absence of Litigation. There is not pending or, to its knowledge, threatened against it or any of its Affiliates any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its obligations under this Agreement or such Credit Support Document.

(d)   Accuracy of Specified Information. All applicable information that is furnished in writing by or on behalf of it to the other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect.

(e)   Payer Tax Representation. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(e) is accurate and true.

(f) Payee Tax Representations. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.

4   Agreements.

Each party agrees with the other that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party:-

(a)   Furnish Specified Information. It will deliver to the other party or, in certain cases under subparagraph (iii) below, to such government or taxing authority as the other party reasonably directs:-

(i)   any forms, documents or certificates relating to taxation specified in the Schedule or any Confirmation;

(ii)   any other documents specified in the Schedule or any Confirmation; and

(iii)   upon reasonable demand by such other party, any form or document that may be required or reasonably requested in writing in order to allow such other party or its Credit Support Provider to make a payment under this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or

5



with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document would not materially prejudice the legal or commercial position of the party in receipt of such demand), with any such form or document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered with any reasonably required certification,

in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable.

(b)   Maintain Authorisations It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.

(c)   Comply with Laws. It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party.

(d)   Tax Agreement. It will give notice of any failure of a representation made by it under Section 3(f) to be accurate and true promptly upon learning of such failure.

(e)   Payment of Stamp Tax. Subject to Section 11, it will pay any Stamp Tax levied or imposed upon it or in respect of its execution or performance of this Agreement by a jurisdiction in which it is incorporated, organised, managed and controlled, or considered to have its seat, or in which a branch or office through which it is acting for the purpose of this Agreement is located (“Stamp Tax Jurisdiction”) and will indemnify the other party against any Stamp Tax levied or imposed upon the other party or in respect of the other party’s execution or performance of this Agreement by any such Stamp Tax Jurisdiction which is not also a Stamp Tax Jurisdiction with respect to the other party.

5   Events of Default and Termination Events.

(a)   Events of Default. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the following events constitutes an event of default (an “Event of Default”) with respect to such party:-

(i)   Failure to Pay or Deliver. Failure by the party to make, when due, any payment under this Agreement or delivery under’ Section 2(a)(i) or 2(e) required to be made by it if such failure is not remedied on or before the third Local Business Day after notice of such failure is given to the Party;

6



(ii)   Breach of Agreement. Failure by the party to comply with or perform any agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party;

(iii)   Credit Support Default.

(1)   Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed;

(2)   the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or

(3)   the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document.

(iv)   Misrepresentation. A representation (other than a representation under Section 3(e) or (f)) made or repeated or deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated.

(v)   Default under Specified Transaction. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues for at least three Local Business Days if there is no applicable notice requirement or grace period) of (3) disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf).

7



(vi)   Cross Default. If “Cross Default” is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period).

(vii)   Bankruptcy. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party:-

(1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent of is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its creditors; (4) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation or (B) is not dismissed, discharged, stayed of restrained in each case within 30 days of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such seemed party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 30 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1) to (7) (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; or

8



(viii) Merger Without Assumption. The party or any Credit Support Provider of such party consolidates or amalgamates with, of merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer:-

(1)   the resulting, surviving or transferee entity fails to assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the other party to this Agreement; or

(2)   the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this Agreement.

(b)   Termination Events. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an Illegality if the event is specified in (i) below, a Tax Event if the event is specified in (ii) below or a Tax Event Upon Merger if the event is specified in (iii) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to (iv) below or an Additional Termination Event if the event is specified pursuant to (v) below:

(i)   Illegality. Due to the adoption of, or any change in, any applicable law after the date on which a Transaction is entered into, or due to the promulgation of, or any change in, the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law after such date, it becomes unlawful (other than as a result of a breach by the party of Section 4(b)) for such party (which will be the Affected Party):

(1)   to perform any absolute or contingent obligation to make a payment or delivery or to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or

(2)   to perform, or for any Credit Support Provider of such party to perform, any contingent or other obligation which the party (or such Credit Support Provider) has under any Credit Support Document relating to such Transaction.

(ii)   Tax Event. Due to (x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y) a Change in Tax Law, the party (which will be the Affected Party) will, or there is a substantial likelihood that it will, on the next succeeding Scheduled Payment Date (1) be required to pay to the other party an additional amount in respect of

9



an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) and no additional amount is required to be paid in respect of such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B));

(iii)   Tax Event Upon Merger. The party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the other party is not required to pay an additional amount (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets to, another entity (which will be the Affected Party) where such action does not constitute an event described in Section 5(a)(viii);

(iv)   Credit Event Upon Merger. If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party (“X”), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the ease may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or

(v)   Additional Termination Event. If any “Additional Termination Event” is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

(c)   Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

6   Early Termination.

(a)   Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the

10



occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

(b)   Right to Terminate Following Termination Event.

(i)   Notice. If a Termination Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require.

(ii)   Transfer to Avoid Termination Event. If either an Illegality under Section 5(b)(i)(1) at a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist.

If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i).

Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party’s policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

(iii)   Two Affected Parties. If an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section 6(b)(i) on action to avoid that Termination Event.

(iv)   Right to Terminate If:-

(1)   a transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii), as the case may be, has not been effected with respect to all Affected Transactions within 30 days after an Affected Party gives notice under Section 6(b)(i); or

11



(2)   an Illegality under Section 5(b)(i)(2), a Credit Event Upon Merger or an Additional Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened Party is not the Affected Party,

either party in the case of an Illegality, the Burdened Party in the case of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event or an Additional Termination Event if there is more than one Affected Party, or the party which is not the Affected Party in the case of a Credit Event Upon Merger or an Additional Termination Event if there is only one Affected Party may, by not more than 20 days notice to the other party and provided that the relevant Termination Event is then continuing, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions.

(c)  Effect of Designation.

(i)      If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing

(ii)      Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement The amount, if any, payable in respect of an Early Termination Date shall be determined pursuant to Section 6(e).

(d)  Calculations.

(i)      Statement. On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section 6(e) and will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including all relevant quotations and specifying any amount payable under Section 6(e)) and (2) giving details of the relevant account to which any amount payable to it is to be paid In the absence of written confirmation from the source of a quotation obtained in determining a Market Quotation, the records of the party obtaining such quotation will be conclusive evidence of the existence and accuracy of such quotation.

(ii)      Payment Date. An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and

12



including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

(e)   Payments on Early Termination. If an Early Termination Date occurs, the following provisions shall apply based on the parties’ election in the Schedule of a payment measure, either “Market Quotation” or “Loss”, and a payment method, either the “First Method”- or the “Second Method”. If the parties fail to designate a payment measure or payment method in the Schedule, it will be deemed that “Market Quotation” or the “Second Method”, as the case may be, shall apply The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.

(i)   Events of Default If the Early Termination Date results from an Event of Default:

(1)   First Method and Market Quotation. If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.

(2)   First Method and Loss. If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of this Agreement.

(3)   Second Method and Market Quotation. If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

(4)   Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

(ii)   Termination Events. If the Early Termination Date results from a Termination Event:-

13



(1)   One Affected Party. If there is one Affected Party, the amount payable will be determined in accordance with Section 6(e)(i)(3), if Market Quotation applies, or Section 6(e)(i)(4), if Loss applies, except that, in either case, references to the Defaulting Party and to the Non-defaulting Party will be deemed to be references to the Affected Party and the party which is not the Affected Party, respectively, and, if Loss applies and fewer than all the Transactions are being terminated, Loss shall be calculated in respect of all Terminated Transactions.

(2)   Two Affected Parties. If there are two Affected Parties:-

(A)   if Market Quotation applies, each party will determine a Settlement Amount in respect of the Terminated Transactions, and an amount will be payable equal to (I) the sum of (a) one-half of the difference between the Settlement Amount of the party with the higher Settlement Amount (“X”) and the Settlement Amount of the party with the lower Settlement Amount (“Y”) and (b) the Termination Currency Equivalent of the Unpaid Amounts owing to X less (II) the Termination Currency Equivalent of the Unpaid Amounts owing to Y; and

(B)   if Loss applies, each party will determine its Loss in respect of this Agreement (or, if fewer than all the Transactions are being terminated, in respect of all Terminated Transactions) and an amount will be payable equal to one-half of the difference between the Loss of the party with the higher Loss (“X”) and the Loss of the party with the lower Loss (“Y”).

If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of that amount to Y.

(iii)   Adjustment for Bankruptcy. In circumstances where an Early Termination Date occurs because “Automatic Early Termination” applies in respect of a party, the amount determined under this Section 6(e) will be subject to such adjustments as are appropriate and permitted by law to reflect any payments or deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii).

(iv)   Pre-Estimate. The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

14



7   Transfer.

Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that:

(a)   a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger. with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and

(b)   a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party under Section 6(e).

Any purported transfer that is not in compliance with this Section will be void.

8   Contractual Currency.

(a)   Payment in the Contractual Currency. Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the “Contractual Currency”). To the extent permitted by applicable law, any obligation to make payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any tender in any currency other than the Contractual Currency, except to the extent such tender results in the actual receipt by the party to which payment is owed, acting in a reasonable manner and in good faith in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of this Agreement. If for any reason the amount in the Contractual Currency so received falls short of the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable in respect of this Agreement, the party receiving the payment will refund promptly the amount of such excess.

(b)   Judgments. To the extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement, (ii) for the payment of any amount relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in (i) or (ii) above, the party seeking recovery, after recovery in full of the aggregate amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency received by such party as a consequence of sums paid in such other currency and will refund promptly to the other party any excess of the Contractual Currency received by such party as a consequence of sums paid in such other currency if such shortfall or such excess arises or results from any variation between the rate of exchange at which the Contractual Currency is converted into the currency of the judgment or

15



order for the purposes of such judgment or order and the rate of exchange at which such party is able, acting in a reasonable manner and in good faith in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment of order actually received by such party. The term “rate of exchange” includes, without limitation, any premiums and costs of exchange payable in connection with the purchase of conversion into the Contractual Currency.

(c)   Separate Indemnities. To the extent permitted by applicable law, these indemnities constitute separate and independent obligations from the other obligations in this Agreement, will be enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the party to which any payment is owed and will not be affected by judgment being obtained or claim or proof being made for any other sums payable in respect of this Agreement.

(d)   Evidence of Loss. For the purpose of this Section 8, it will be sufficient for a party to demonstrate that it would have suffered a loss had an actual exchange or purchase been made.

9   Miscellaneous.

(a)   Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto.

(b)   Amendments. No amendment, modification or waiver in respect of this Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and executed by each of the parties of confirmed by an exchange of telexes or electronic messages on an electronic messaging system.

(c)   Survival of Obligations. Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction.

(d)   Remedies Cumulative. Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any lights, powers, remedies and privileges provided by law.

(e)   Counterparts and Confirmations.

(i)   This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.

(ii)   The parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise). A Confirmation shall be entered into as soon as practicable and may be executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes or by an exchange of electronic messages on an electronic messaging

16



system, which in each case will be sufficient for all purposes to evidence a binding supplement to this Agreement. The parties will specify therein or through another effective means that any such counterpart, telex or electronic message constitutes a Confirmation.

(f)   No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not he presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.

(g)   Headings. The headings used in this Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement.

10   Offices; Multibranch Parties.

(a)   If Section 10(a) is specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to the other party that, notwithstanding the place of booking office or jurisdiction of incorporation or organisation of such party, the obligations of such party are the same as if it had entered into the Transaction through its head of home office. This representation will be deemed to be repeated by such party on each date on which a Transaction is entered into.

(b)   Neither party may change the Office through which it makes and receives payments or deliveries for the purpose of a Transaction without the prior written consent of the other party

(c)   If a party is specified as a Multibranch Party in the Schedule, such Multibranch Party may make and receive payments or deliveries under any Transaction through any Office listed in the Schedule, and the Office through which it makes and receives payments or deliveries with respect to a Transaction will be specified in the relevant Confirmation.

11   Expenses.

A Defaulting Party will, on demand, indemnify and hold harmless the other party for and against all reasonable out-of-pocket expenses, including legal fees and Stamp Tax, incurred by such other party by reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to, costs of collection.

12   Notices.

(a)   Effectiveness. Any notice or other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5 or 6 may not be given by facsimile transmission or electronic messaging system) to the address

17



or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated:-

(i)   if in writing and delivered in person or by courier, on the date it is delivered;

(ii)   if sent by telex, on the date the recipient’s answerback is received;

(iii)   if sent by facsimile transmission, on the date that transmission is received by a responsible employee of the recipient in legible form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission report generated by the sender’s facsimile machine);

(iv)   if sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or

(v)   if sent by electronic messaging system, on the date that electronic message is received,

unless the date of that delivery (or attempted delivery) or that receipt, as applicable, is not a Local Business Day or that communication is delivered (or attempted) or received, as applicable, after the close of business on a Local Business Day, in which case that communication shall be deemed given and effective on the first following day that is a Local Business Day.

(b)   Change of Addresses. Either party may by notice to the other change the address, telex or facsimile number or electronic messaging system details at which notices or other communications are to be given to it.

13   Governing Law and Jurisdiction.

(a)   Governing Law. This Agreement will be governed by and construed in accordance with the law specified in the Schedule.

(b)   Jurisdiction. With respect to any suit, action or proceedings relating to this Agreement (“Proceedings”), each party irrevocably:-

(i)   submits to the jurisdiction of the English courts, if this Agreement is expressed to be governed by English law, or to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City, if this Agreement is expressed to be governed by the laws of the State of New York; and

(ii)   waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party.

18



Nothing in this Agreement precludes either party from bringing Proceedings in any other jurisdiction (outside, if this Agreement is expressed to be governed by English law, the Contracting States, as defined in Section 1(3) of the Civil Jurisdiction and Judgments Act 1982 or any modification, extension or re-enactment thereof for the time being in force) nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction.

(c)   Service of Process. Each party irrevocably appoints the Process Agent (if any) specified opposite its name in the Schedule to receive, for it and on its behalf, service of process in any Proceedings. If for any reason any party’s Process Agent is unable to act as such, such party will promptly notify the other party and within 30 days appoint a substitute process agent acceptable to the other party. The parties irrevocably consent to service of process given in the manner provided for notices in Section 12. Nothing in this Agreement will affect the right of either party to serve process in any other manner permitted by law.

(d)   Waiver of Immunities. Each party irrevocably waives, to the fullest extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction, order for specific performance or for recovery of property, (iv) attachment of its assets (whether before or after judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings.

14   Definitions.

As used in this Agreement:

“Additional Termination Event” has the meaning specified in Section 5(b).

“Affected Party” has the meaning specified in Section 5(b)

“Affected Transactions” means (a) with respect to any Termination Event consisting of an Illegality, Tax Event or Tax Event Upon Merger, all Transactions affected by the occurrence of such Termination Event and (b) with respect to any other Termination Event, all Transactions.

“Affiliate” means, subject to the Schedule, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the entity or person.

“Applicable Rate” means:-

(a)   in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate;

19



(b   in respect of an obligation to pay an amount under Section 6(e) of either party from and after the date (determined in accordance with Section 6(d)(ii)) on which that amount is payable, the Default Rate;

(c)   in respect of all other obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default Rate; and

(d)   in all other cases, the Termination Rate

“Burdened Party” has the meaning specified in Section 5(b)

“Change in Tax Law” means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

“consent” includes a consent, approval, action, authorisation, exemption, notice, filing, registration or exchange control consent.

“Credit Event Upon Merger” has the meaning specified in Section 5(b).

“Credit Support Document” means any agreement or instrument that is specified as such in this Agreement.

“Credit Support Provider” has the meaning specified in the Schedule.

“Default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount plus 1% per annum.

“Defaulting Party” has the meaning specified in Section 6(a).

“Early Termination Date” means the date determined in accordance with Section 6(a) or 6(b)(iv).

“Event of Default” has the meaning specified in Section 5(a) and, if applicable, in the Schedule

“Illegality” has the meaning specified in Section 5(b).

“Indemnifiable Tax” means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organised, present of engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed,

20



delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document).

“law” includes any treaty, law, rule or regulation (as modified, in the case of tax matters, by the practice of any relevant governmental revenue authority) and “lawful” and “unlawful” will be construed accordingly

“Local Business Day” means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) (a) in relation to any obligation under Section. 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.

“Loss” means, with respect to this Agreement of one or more Terminated Transactions, as the case may be, and a party, the Termination Currency Equivalent of an amount that party reasonably determines in good faith to be its total losses and costs (again, in which case expressed as a negative number) in connection with this Agreement or that Terminated Transaction or group of Terminated Transactions, as the case may be, including any loss of bargain, cost of funding or, at the election of such party but without duplication, loss or cost incurred as a result of its terminating, liquidating, obtaining or reestablishing any hedge or related trading position (or any gain resulting from any of them). Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies. Loss does not include a party’s legal fees and out-of-pocket expenses referred to under Section 11.A party will determine its Loss as of the relevant Early Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter as is reasonably practicable. A party may (but need not) determine its Loss by reference to quotations of relevant rates or prices from one or more leading dealers in the relevant markets.

“Market Quotation” means, with respect to one or more Terminated Transactions and a party making the determination, an amount determined on the basis of quotations from Reference Market-makers. Each quotation will be for an amount, if any, that would be paid to such party (expressed as a negative number) or by such party (expressed as a positive number) in consideration of an agreement between such party (taking into account any existing Credit Support Document with respect to the obligations of such party) and the quoting Reference Market-maker to enter into a transaction (the “Replacement Transaction”) that would have the effect of preserving for such party the economic equivalent of any payment or delivery (whether

21



the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date. For this purpose, Unpaid Amounts in respect of the Terminated Transaction or group of Terminated Transactions are to be excluded but, without limitation, any payment of delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early Termination Date is to be included. The Replacement Transaction would be subject to such documentation as such party and the Reference Market-maker may, in good faith, agree. The party making the determination (at its agent) will request each Reference Market-maker to provide its quotation to the extent reasonably practicable as of the same day and time (without regard to different time zones) on or as soon as reasonably practicable after the relevant Early Termination Date. The day and time as of which those quotations are to be obtained will be selected in good faith by the party obliged to make a determination under Section 6(e), and, if each party is so obliged, after consultation with the other. If more than three quotations are provided, the Market Quotation will be the arithmetic mean of the quotations, without regard to the quotations having the highest and lowest values. If exactly three such quotations are provided, the Market Quotation will be the quotation remaining after disregarding the highest and lowest quotations. For this purpose, if more than one quotation has the same highest value or lowest value, then one of such quotations shall be disregarded. If fewer than three quotations are provided, it will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Terminated Transactions cannot be determined.

“Non-default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

“Non-defaulting Party” has the meaning specified in Section 6(a).

“Office” means a branch or office of a party, which may be such party’s head or home office.

“Potential Event of Default” means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

“Reference Market-makers” means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.

“Relevant Jurisdiction” means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organised, managed and controlled or considered to have its seat, (b) where an Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment is made.

22



“Scheduled Payment Date” means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

“Set-off” means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer.

“Settlement Amount” means, with respect to a party and any Early Termination Date, the sum of:-

(a)   the Termination Currency Equivalent of the Market Quotations (whether positive or negative) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation is determined; and

(b)   such party’s Loss (whether positive or negative and without reference to any Unpaid Amounts) for each terminated Transaction or group of Terminated Transactions for which a Market Quotation cannot be determined or would not (in the reasonable belief of the party making the determination) produce a commercially reasonable result.

“Specified Entity” has the meaning specified in the Schedule.

“Specified Indebtedness” means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.

“Specified Transaction” means, subject to the Schedule, (a) any transaction (including an agreement with respect thereto) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such party) and the other party to this Agreement (or any Credit Support Provider of such other party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions), (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in this Agreement or the relevant confirmation.

“Stamp Tax” means any stamp, registration, documentation or similar tax.

“Tax” means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax.

23



“Tax Event” has the meaning specified in Section 5(b).

“Tax Event Upon Merger” has the meaning specified in Section 5(b).

“Terminated Transactions” means with respect to any Early Termination Date (a) if resulting from a Termination Event, all Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if “Automatic Early Termination” applies, immediately before that Early Termination Date).

“Termination Currency” has the meaning specified in the Schedule.

“Termination Currency Equivalent” means, in respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the “Other Currency”), the amount in the Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may be), is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency at or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties.

“Termination Event” means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

“Termination Rate” means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.

“Unpaid Amounts” owing to any party means, with respect to an Early Termination Date, the aggregate of (a) in respect of all Terminated Transactions, the amounts that became payable (or that would have become payable but for Section 2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early Termination Date and which remain unpaid as at such Early Termination Date and (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be settled by delivery to such party on or prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market value of that which was (or would have been) required to be delivered as of the originally scheduled date for delivery, in each case together with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have

24



been required to have been paid or performed to (but excluding) such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred to in clause (b) above shall be reasonably determined by the party obliged to make the determination under Section 6(e) or, if each party is so obliged, it shall be the average of the Termination Currency Equivalents of the fair market values reasonably determined by both parties.

IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.

  Banco Santander
Central Hispano, S.A.		     Sacyr Vallehermoso
Participaciones Mobiliarias, S.L.U.
         
         
         
By: /s/ Unknown   By:
 
   

Name:
Title:
Date:

  

Name:
Title:
Date:
         
         
By: /s/ Unknown   By:
 
   

Name:
Title:
Date:

  

Name:
Title:
Date:


25

 





SCHEDULE
 
to the Master Agreement
dated as of 9 October, 2006
 
 
between
 
BANCO SANTANDER   and   SACYR VALLEHERMOSO
CENTRAL HISPANO, S.A.       PARTICIPACIONES
(“Party A”)       MOBILIARIAS, S.L.U.
        (“Party B”)

     Part 1
Termination Provisions

In this Agreement:-

(a) “Specified Entity” means in relation to Party A for the purpose of:
     
  Section 5(a) (v), Not applicable
  Section 5(a) (vi), Not applicable
  Section 5(a) (vii), Not applicable
  Section 5(b) (iv), Not applicable

In relation to Party B fox the purpose of:

  Section 5(a) (v), Any Affiliate
  Section 5(a) (vi), Any Affiliate
  Section 5(a) (vii), Any Affiliate
  Section 5(b) (iv), Sacyr Vallehermoso, S.A.

(b)      “Specified Transaction” will have the meaning specified in Section 14 of this Agreement.
 
(c)      The “Cross Default” provisions of Section 5(a)(vi) of this Agreement will apply to both parties, but shall exclude any payment default that results solely from wire transfer difficulties or an error or omission of an administrative of operational nature (so long as sufficient funds are available to the relevant party on the relevant date), provided that payment is made within three Business Days after such transfer difficulties have been corrected or the error or omission has been discovered.
 



  If such provisions apply:
 
  “Specified Indebtedness” means any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money, other than indebtedness in relation to bank deposits received in the normal course of business.
 
  “Threshold Amount” means in respect of Party A 3% of shareholders’ equity as reported in its most recently audited financial statements and in respect of Party B 3% of shareholders’ equity on a consolidated basis, as repotted in its most recently audited financial statements.
 
(d)      The “Credit Event Upon Merger” provisions of Sections 5(b)(iv) will apply to Party A and Party B.
 
(e)      The “Automatic Early Termination” provisions of Section 6(a) will not apply to Party A and Party B.
 
(f)      Payments on Early Termination. For the purpose of Section 6(e) of this Agreement:
 
  (i) Market Quotation will apply.
 
  (ii) The Second Method will apply.
 
(g)      “Termination Currency” means any single currency of any Transaction as may be selected by the party which is not the Defaulting Party or the Affected Party (as the case may be) or, in circumstances where there is more than one Affected Party, such currency of any Transaction as may be mutually agreed between the parties hereto or otherwise, failing such mutual agreement or in the event that such currency is not freely available and convertible, Euro (€).
 
(h)      Additional Termination Event will not apply.
 

Part 2
Tax Representations

(a)      Payer Tax Representations. For the purpose of Section 3(e) of this Agreement, Party A and Party B will make the following representation:
 
  It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any tax from any payment (other than interest under Section 2(e), 6(d)(ii) of 6(e) of this Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on:-
 

2



  (i)      the accuracy of any representation made by the other party pursuant to Section 3(f) of this Agreement;
 
  (ii)      the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement; and
 
  (iii)      the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement,

provided that it shall not be a breach of this representation where reliance is placed on clause (ii) and other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.

(b)      Payee Tax Representations. For the purpose of Section 3(f) of this Agreement, Party A and Party B make no representations.

Part 3
Documents to be delivered

For the purpose of Section 4(a):

(a)      Tax forms, documents or certificates to be delivered are:

Party required to deliver   Form / Document /    
document   Certificate   Date by which to be delivered
  Any form, document or certificate reasonably requested by the other party in order for such other party to be able to make payments hereunder without withholding for or on account of Taxes or with such withholding at a reduced rate  

(b)      Other documents to be delivered are:-

3



Party required to deliver document   Form/Document/Certificate   Date by which to be delivered   Covered by Section 3(d) representation
Each Party   Such proof of the names true signatures and authority of persons signing this Agreement on its behalf as the other party may reasonably request.   On signing   yes
             
Party B   A duly signed copy of the Credit Support Document referred to in Part 4 of this Schedule.   On signing   Yes
             
Party B   A copy of an annual report of such party and its subsidiaries prepared on a consolidated basis and in conformity with generally accepted accounting principles applied on a basis consistent with audited consolidated financial statements of such party and its subsidiaries as at the most recently completed fiscal year, duly certified by independent certified public accountants of recognized standing selected by such party.   Promptly upon request   Yes
             
Party B   A copy of unaudited financial statements of such party and its subsidiaries prepared in the same manner as the audit report referred to above, signed by a duly authorized accounting officer of such party and consisting of at least a balance sheet as at the close of such quarter and statements of earnings and source and application of funds for such quarter and for the period from the beginning of such fiscal year to the close of the quarter.   Promptly upon request   Yes

   

4



Part 4
Miscellaneous

(a)      Addresses for Notices. For the purpose of Section 12(a) of this Agreement:- Address for notices or communications to Party A:-

Banco Santander Central Hispano, S.A., Madrid

 

Address:

Ciudad Grupo Santander Edificio Marisma, Planta Baja
28660 Boadilla del Monte, Madrid
 

Attn:

Swaps Administration
  Telex: 42362 / 45928 BADER E
  Swift: BSCHESMM
  Fax: (341) 2571228
  Tel : (341) 2893116

  For all purposes and with respect to Transactions through that Office
 
  Address for notices or communications to Party B:-
 
  SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.
  Address: P° de la Castellana, 83-85
28046 Madrid
Attn: José Puelles Gallo
Tel: +34 91 545 5049
Fax: +34 91 556 7555
 
  (For all purposes)
 
(b)      Process Agent. For the purpose of Section 13(c) of this Agreement:-
 
  Party A appoints as its Process Agent:
  Banco Santander Central Hispano S.A., London Branch
Santander House
100 Ludgate Hill
London EC4M 7NJ
 
  Attn: Jim Inches / Brian Watts (OPS CONTROL)
Tel: 020 7332 7781 / 020 7332 7987
Fax: 020 7332 7421
   
  Telex: 8812851 BADER G
Swift: BSCHGB2L
   
 
Tel. switchboard: 020 7332 7766

5



  Fax Legal: 020 7332 7440
 
  Party B appoints as its Process Agent: Not applicable
 
(c)      Offices. The Provisions of Section 10(a) will apply to this Agreement.
 
(d)      Multibranch Party. For the purpose of Section 10(c):
 
  Party A is not a Multibranch Party and may act through its Madrid Office.
 
  Party B is not a Multibranch Party.
 
(e)      Calculation Agent. The Calculation Agent for each Transaction shall be Party A, unless otherwise specified in the relevant Confirmation.
 
(f)      Credit Support Document. Details of any Credit Support Document: In relation to Party B the “Garanía” in favour of Party A and in the form attached as Annex I hereto
 
(g)      Credit Support Provider. Means:
 
  In relation to Party A: none
 
  In relation to Party B: Sacyr Vallehermoso, S.A.
 
(h)      Governing law. This Agreement will be governed by and construed in accordance with English law
 
(i)      Netting of Payments. Subparagraph (ii) of Section 2(c) of this Agreement will apply to all Transactions
 
(j)      “Affiliate” will have the meaning specified in Section 14 of this Agreement.
 

Part 5
Other Provisions

(a)      ISDA Definitions. The definitions and provisions contained in the 2000 ISDA Definitions (published by the International Swaps and Derivatives Association, Inc) (the “Definitions”), are incorporated into any Confirmation which supplements and forms part of the Agreement; and all capitalised terms used in a Confirmation shall have the meaning set forth in the Definitions, unless otherwise defined in a Confirmation In the event of any conflict between the provision of the Definitions and the provisions of this Agreement, the provisions of this Agreement shall apply, and in the event of any conflict between the provisions of this Agreement and the Confirmation, the provision of the Confirmation will apply.

6



(b)      Change of account. Section 2(b) of this Agreement is hereby amended by the addition of the following after the word “delivery” in the first line thereof:
 
  “to another account in the same legal and tax jurisdiction as the original account”.
 
(c)      Escrow payments. If, by reason of the time difference between the cities in which payments are to be made, or otherwise, it is not possible for simultaneous payments to be made on any date on which both parties are requited to make payments hereunder, either party may at its option and in its sole discretion notify the other party that payments on that date are to be made in escrow In this case deposit of the payment due earlier on that date shall be made by 2:00 p m. (local time at the place for the earlier payment) on that day with an escrow agent selected by the party giving the notice, accompanied by irrevocable payment instructions (i) to release the deposited payment to the intended recipient upon receipt by the escrow agent of the required deposit of the corresponding payment from the other party on the same date accompanied by irrevocable payment instructions to the same effect or (ii) if the required deposit of the corresponding payment is not made on the same date, to return the payment deposited to the party that paid it into escrow. The party that elects to have payments made in escrow shall pay the costs of the escrow arrangements and cause those arrangements to provide that the intended recipient of the payment due to be deposited first shall be entitled to interest on that deposited payment for each day in the period of its deposit at the rate offered by the escrow agent far that day for overnight deposits in the relevant currency in the office where it holds that deposited payment (at 11:00 a m local time on that day) if that payment is not released by 5:00 p m local time on the day it is deposited for any reason other than the intended recipient’s failure to make the escrow deposit it is required to make hereunder in a timely fashion.
 
(d)      Set-off. Each party agrees that the following provision shall be added as Section 6 (f) of this Agreement:
   
 

“Set-off: Any amount (the “Early Termination Amount”) payable to one party (the “Payee”) by the other party (the “Payer”) under Section 6(e), in circumstances where there is a Defaulting Party or one Affected Party in the case where a Termination Event under Section 5(b)(iv) has occurred, will at the option of the Party (“X”) other than the Defaulting Party or the Affected Party (and without prior notice to the Defaulting Party or the Affected Party), be reduced by its set-off against any amount(s) (“the Other Agreement Amount”) payable (whether at such time or in the future or upon the occurrence of a contingency) by the Payee to the Payer (irrespective of the currency, place of payment or booking office of the obligation) under any other agreement(s) between the Payee and the Payer or instrument(s) or undertaking(s) issued or executed by one party to, or in favour of, the other party (and the Other Agreement Amount will be discharged promptly and in all respects to the extent it so set-off) X will give notice to the other party of any set-off so effected.

For this purpose, either the Early Termination Amount or the Other Agreement Amount

7



  (or the relevant portion of such amounts) may be converted by X into the currency in which the other is denominated at the rate of exchange at which such party would be able, acting in a reasonable manner and in good faith, to purchase the relevant amount of such currency.
 
  If an obligation is unascertained, X may in good faith estimate that obligation and set-off in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained.
 
  Nothing in this paragraph shall be effective to create a charge or other security interest. This paragraph shall be without prejudice and in addition to any right of set-off, combination of accounts, lien or other right to which any patty is at any time otherwise entitled (whether by operation of law, contract or otherwise)”.
 
(e)      Relationship Between the Parties.
 
  Each Patty will be deemed to represent to the other patty on the date on which it enters into a Transaction that (absent a written agreement between the parties that expressly imposes affirmative obligations to the contrary for that Transaction):
 
  (a)      Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisors as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction, it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other patty shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.
 
  (b)      Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction It is also capable of assuming, and assumes, the risks of that Transaction.
 
  (c)      Status of Parties. The other party is not acting as a fiduciary or an advisor to it in respect of that Transaction.
 
(f)      Recording of Conversations. Each party (i) consents to the recording of the telephone conversations of its trading and marketing personnel in connection with this Agreement or any potential Transaction; (ii) agrees to obtain any necessary consent of, and give notice of such recording to, such personnel and (iii) agrees that any such recordings may be submitted in evidence in any Proceedings relating to this Agreement.

8



(g)      Electronic Confirmations. Where a Transaction is confirmed by means of an electronic messaging system that the parties have elected to use to confirm such Transaction (i) such Confirmation will constitute a “Confirmation” as referred to in the this Agreement even where not so specified in the confirmation, (ii) such Confirmation will supplement, form part of, and be subject to this Agreement (unless such Confirmation shall expressly state otherwise) and (iii) the definitions and provisions contained in the 1998 ISDA FX and Currency Option Definitions (as published by the International Swap Dealers Association, Inc.) will be incorporated into the Confirmation if the Transaction is an FX Transaction or Currency Option. In the event of any inconsistency between the Definitions applicable pursuant to clause (iii) of this subsection and this Agreement, the Confirmation will prevail for the purpose of the relevant Transaction.
 
   
 

9



IN WITNESS WHEREOF the parties have executed this Schedule on the respective dates specified below with effect loin the date specified on the first page of this document.

  Banco Santander
Central Hispano, S.A.		     Sacyr Vallehermoso
Participaciones Mobiliarias, S.L.U.
         
         
         
By: /s/ Unknown   By:
 
   

Name:
Title:
Date:

  

Name:
Title:
Date:
         
         
By: /s/ Unknown   By:
 
   

Name:
Title:
Date:

  

Name:
Title:
Date:


10



Annex I

GARANTIA

 

GARANTIA de fecha de 9 de octubre de 2006 otorgada por Sacyr Vallerhermoso, S.A. (en lo sucesivo, el “Garante”), a favor de Banco Santander Central Hispano, S.A. (en adelante “Santander”), en relación con las Operaciones (tal y coma se define a continuación) que éste realizara con Sacyr Vallehermoso Participaciones Mobiliarias, S.L.U. (en lo sucesivo, la “Compañíá”) Por “Operaciones” se entenderán Las Operaciones de Total Return Equity Swap a contratar entre Santander y la Compañía celebradas al amparo del ISDA Master Agreement, sobre acciones ordinarias de Repsol YPF, S A.

     1. Garantía. La presente Garantía tiene naturaleza de garantía a primera demanda, incondicional e irrevocable. Las obligaciones del Garante son solidarias con respecto de la Compañía de tal manera que responde al mismo nivel que la Compañía como obligado principal ante Santander.

El Garante garantiza con carácter incondicional, irrevocable y a primera demanda a Santander, sus entidades sucesoras y/o cesionarios, el pago al vencimiento de todas y cada una de las obligaciones y responsabilidades de la Compañía con Santander derivadas de las Operaciones (en adelante, “las Obligaciones”), bastando para su reclamación la simple notificación por Santander al Garante, sin necesidad de justificar el motivo del incumplimiento.

     2. Consentimiento, Renuncias y Renovaciones. El Garante acepta que Santander podrá recurrir a ellos para el pago de cualesquiera de las Obligaciones, independientemente de que Santander haya recurrido a cualquier garantía o colateral o haya procedido legalmente contra cualquier otro obligado principal o secundario respecto a cualesquiera de dichas Obligaciones.

     3. Gastos. El Garante se compromete a reembolsar a la vista cualquier gasto relacionado directamente con la ejecución o protección de los derechos de Santander en virtud de la presente Garantía.

     4. Subrogación. El Garante se compromete a no ejercer ningún derecho que pudiera corresponderle frente a la Compañía hasta que la totalidad de las Obligaciones ante Santander se hayan liquidado por completo. Si cualquier importe se hubiera pagado al Garante contraviniendo el compromiso anterior, dicho importe se mantendrá en depósito en beneficio de Santander y será entregado a éste para su aplicación a las Obligaciones.

     5. Validez de la Garantía. La presente Garantía tiene carácter de



incondicional, irrevocable y a primera demanda, y permanecerá en vigor y será vinculante para el Garante, sus sucesores y cesionarios hasta que la totalidad de las Obligaciones se hayan liquidado por completo.

     6. Ley y Jurisdicción. La presente Garantía esta sometida a Derecho español.

     7. Notificaciones. La dirección del garante a efectos de notificaciones es la siguiente:

     8. Modificaciones. No surtirá efecto ninguna modificación de la presente Garantía a menos que se efectúe por escrito, con la firma del Garante, la Compañía y Santander.

  Sacyr Vallehermoso, S.A.
   
   
  Fdo:
  Nombre:

 

12





CONFIRMATION

DATE: October 13, 2006

TO:

FROM:

SUBJECT:

SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

BANCO SANTANDER CENTRAL HISPANO, S.A.

SWAP TRANSACTION

Dear Sirs,

The purpose of this letter agreement (this “Confirmation”) is to set forth the terms and conditions of the transaction entered into on the Trade Date referred to below (the “Transaction”), between Banco Santander Central Hispano, S.A. (“SANTANDER”) and SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U. (“Counterparty”). This confirmation constitutes a “Confirmation” as referred to in the Agreement specified below and supersedes any prior written or oral agreements in relation to the Transaction.

The definitions and provisions contained in the 2000 ISDA Definitions (the “Swap Definitions”) and in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”, and together with the Swap Definitions, the “Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc (“ISDA”), are incorporated into this Confirmation. In the event of any inconsistency between the Swap Definitions and the Equity Definitions, the Equity Definitions will prevail. In the event of any inconsistency between either set of Definitions and this Confirmation, this Confirmation will govern.

This Confirmation supplements, forms part of, and is subject to, the agreement dated as of 9 October 2006, as amended and supplemented from time to time (the “Agreement”) between Santander and the Counterparty. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

1. The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:

Trade Date: Effective Date:

Termination Date:

Shares:

13 October, 2006

18 October, 2006

The Cash Settlement Payment Date.

Shares of REPSOL YPF S.A. shares (REUTERS Code: “REP MC”)





Exchange:

  

Madrid, Bilbao, Barcelona, and Valencia Exchanges (Sistema de Interconexión Bursátil).
     

Related Exchange:

Equity Amounts Payable by Santander:

Equity Amount Payer: Number of Shares:

Equity Notional Amount:

  

Meff Renta Variable (MEFF RV).

Santander. 46,034,904

EUR 1,203,237,303.30 (the Number of Shares times the Initial Price)
     

Equity Notional Reset: Type of Return: Initial Price:

Final Price:

  

Not Applicable Total Return EUR 26.1375

In respect of the Valuation Date, means the weighted average price of the Shares on the Exchange as determined by the Calculation Agent.
     

Valuation Time: Valuation Date: Dividend Period:

Dividend Amount: Dividend Payment Dates:

  

At the Scheduled Closing Time 9 January, 2007 Second Period

Paid Amount multiplied by Number of Shares. The Currency Business Day following the day on which payment is made by the Issuer to holders of record of the Shares.
     

Re-investment of Dividends:

  

Not applicable.
     
Floating Amounts Payable by Counterparty    
     
Floating Amount Payer:   Counterparty
     
Notional Amount:   The Equity Notional Amount

2





Payments Dates:

Floating rate Option:

Designated Maturity:

Spread:

Floating Rate Day Count Fraction:

Reset Date:

Business Days:

Compounding:

Settlement Terms:

Cash Settlement: Settlement Currency:

Cash Settlement Payment Date:

  

The Cash Settlement Payment Date

EUR-EURIBOR-TELERATE

3 month

plus 25 bps

Actual/360

The first date of each Calculation Period

TARGET Settlement Day

Inapplicable

 

Applicable EUR

Three Currency Business Days following the Valuation Date
     

Adjustments:

Method of Adjustment:

Extraordinary Events:

Consequences of Merger Events:

Share-for-Share:

Share-for-Other:

Share-for-Combined:

Tender Offer:

  

 

Calculation Agent Adjustment

 

 

Modified Calculation Agent Adjustment

Modified Calculation Agent Adjustment

Modified Calculation Agent Adjustment

Applicable including, for the avoidance of doubt, the Tender Offers already launched over the Shares or any modification thereof.
   

Consequences of Tender Offers:

  

3





           Share-for-Share:   Modified Calculation Agent Adjustment
     
           Share-for-Other:   Modified Calculation Agent Adjustment
     
           Share-for-Combined:   Modified Calculation Agent Adjustment
     
Composition of Combined Consideration:   Not Applicable
     
Nationalization, Insolvency or Delisting:   Cancellation and Payment (Calculation Agent
    Determination)
     
Additional Disruption Events:    
     
           Change in Law:   Applicable
     
           Insolvency Filing:   Not Applicable
     
           Hedging Disruption:   Not Applicable
     
           Increased Cost of Hedging:   Not Applicable
     
           Loss of Stock Borrow:   Not Applicable
     
           Increased Cost of Stock Borrow:   Not Applicable

Optional Early Termination: Applicable, provided that no Event of Default or Potential Event of Default with respect to the Counterparty shall have occurred and be continuing. From the Effective Date to the Termination Date, Counterparty will have the option, with a five Business Days prior written notice to Santander, to early terminate this Transaction in whole and not in part, designating a new Valuation Date, which in no case may be a date after January 9, 2007. The designation by Counterparty of the new Valuation Date shall not, for the avoidance of doubt, invalidate, alter or cancel the remaining provisions of this Transaction.

2. Calculation Agent:         SANTANDER

3. Account Details:

  Account for payments to Santander: To be advised
     
  Account for payments to Counterparty: To be advised

4. Offices:

The Office of Santander for the Transaction is: Ciudad Grupo Santander, Avenida de Cantabria s/n, Edificio Amazonia planta 1, 28660 Boadilla del Monte (Madrid) Attn. D. Ignacio Cepeda. The Office of Counterparty for the Transaction is:

4





Paseo de la Castellana 83-85, 28046 Madrid, Attn. D. José Puelles

5. Other Provisions:

a) Non Reliance: Applicable
b) Agreements and Acknowledgements Regarding Hedging Agreements: Applicable
c) Additional Acknowledgements: Applicable

5





Please confirm that the foregoing correctly sets forth the terms of our agreement with respect to the Transaction by executing this Confirmation and returning it D. Ignacio Cepeda, Fax: +34 912571841.

Very truly yours,
 
BANCO SANTANDER CENTRAL HISPANO, S.A.
     
  By:
 
  Name:  
  Title:  

SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

Accepted and agreed as of the date first above written:
     
  By:
 
  Name:  
  Title:  

6





 

CONFIRMATION
     
DATE:   OCTOBER 25, 2006
     

TO: FROM:

  

SACYR VALLERHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U. BANCO SANTANDER CENTRAL HISPANO, S.A.
     
SUBJECT:   EARLY TERMINATION OF SWAP TRANSACTION

Dear Sirs,

We refer to the Total Return Equity Swap Transaction (“the Transaction”) details of which are set out in Annex A hereto attached between BANCO SANTANDER CENTRAL HISPANO S.A. (“Santander”) and SACYR VALLERHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U. (“Counterparty”) dated 12 October, 2006 to which the confirmation of such date relates (the “Confirmation”) over 7,626,952 Shares of Repsol YPF, S.A.

The purpose of this Letter Agreement is to confirm the terms and conditions upon which the Transaction shall be terminated. Santander and the Counterparty hereby agree to early terminate the Transaction effective on 30 October, 2006 (the “Early Termination Date”).

As consideration of this termination, Santander shall pay to Counterparty an amount in Euro of 347,116.73 (the “Termination Amount”) on the original Termination Date of the Transaction (i.e. 12th January 2007 subject to early termination provisions). The Termination Amount has been calculated in accordance with Annex A.

Upon payment of the Termination Amount the Transaction shall be deemed terminated with effect from the Early Termination Date and the parties shall have no further rights and obligations under the Transaction except for the payment of the Termination Amount.

This Letter Agreement is hereby incorporated as an Annex to the Confirmation.

Please confirm your agreement to the foregoing by signing in the space provided below and returning a copy to us.

1





         
         
         
         
        Very truly yours,
         
        Banco Santander Central Hispano, S.A.
         
         
BY: /s/ Deborah Marijuán Varona   BY: /s/ Marta Fernández Larrumbe
  AUTHORIZED SIGNATURE     AUTHORIZED SIGNATURE
         
         

Accepted and agreed:

SACYR VALLERHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

     

By:

 

By:

Name:   Name:

2





Annex A:

1 – Details of the Transaction:

Trade Date:   12 October 2006
     
Effective Date:   17 October 2006
     
Shares:   Shares of Repsol YPF, S.A.
     
Number of Shares:   7,626,952
     
As amended by Agreement dated 16 October 2006

2 – Calculation of the Termination Amount:

Termination Amount = Equity Termination Amount – Interest Termination Amount

Where

  a) Equity      
           
    – Share final price for early termination:   Euro 25.5780 per Share (the execution  
        price at which Santander has executed  
        its delta)  
           
    – Share initial price:   Euro 25.4685 per Share  
           
    – Number of Shares outstanding in the      
      Transaction (NSO):   4,626,952  
           
    – (Share final price – Share initial price)* NSO = Equity Termination Amount  
       (      25.5780 – 25.4685 )* 4,626,952 = 506,651.24  
       
  b) Interest  
       
    (Euribor [3.499%] + 0.25%) * 117,841,527 * 13 days = 159,534.51 = Interest Termination Amount.  
       
  c) Termination Amount = 506,651.24 – 159,534.51 = 347,116.73  

 3





Amendment Agreement

To: SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

From: BANCO SANTANDER CENTRAL HISPANO, S.A.

Date: 25 October, 2006

We refer to the Total Return Equity Swap Transaction (the “Transaction”) entered into between Banco Santander Central Hispano SA (“Santander”) and Sacyr Vallehermoso Participaciones Mobiliarias, S.L.U. (“Counterparty”) dated October 13 (the “Transaction”) to which the confirmation of such date relates (the “Confirmation”) over 46,034,904 Shares of Repsol YPF, S.A.

The purpose of this letter if to confirm the terms and conditions upon which the Transaction shall be amended so as to decrease the Notional Amount.

Both parties hereby agree to modify the Transaction by decreasing the Notional Amount (as such term is defined in the Confirmation) in an amount equal to Eur 9,750,542.10 (equivalent to 373,048 shares times 26.1375 euro per share) effective as of 30 October, 2006 (the “Swap Amendment Date”). Consequently the amended Notional Amount shall be Eur 1,193,486,761.2. As consideration of this decrease, Counterparty shall pay Santander an amount equal to Eur 220,915.04 (the “Partial Termination Amount”) on the Termination Date of the Transaction. The Partial Termination Amount has been calculated in accordance with Annex A.

The remaining terms of the Transaction which have not been amended by virtue of this Amendment Agreement shall remain valid and in full force.

This Amendment Agreement is hereby incorporated as an Annex to the Confirmation.

Please confirm your agreement to the foregoing by signing in the space provided below and returning a copy to D. Ignacio Cepeda, Fax 34 91 2571841.

Very truly yours,

BANCO SANTANDER CENTRAL HISPANO, S.A.

By:

 

Name: /s/ Marta Fernández Larrumbe /s/ Deborah Marijuán Varona
  AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE

Title:

SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

Accepted and agreed as of the date first above written:

By:

Name:

Title:





Annex A:

1 – Calculation of the Partial Termination Amount:

Partial Termination Amount = Equity Partial Termination Amount – Interest Partial Termination Amount

Where

     a) Equity

– Share final price for partial early termination: Euro 25.5780 per Share (the execution price at which Santander has executed its delta)
     
– Share initial price: Euro 26.1375 per Share
     
– Number of Shares to Decrease (NSD): 373,048
     
– (Share final price – Share initial price)* NSD = Equity Partial Termination Amount
  (      25.5780      –      26.1375      )* 373,048 =      -208,720 36

b) Interest
   
  (Euribor [3.502%] + 0.25%) * 9,750,542 * 12 days = 12,194.68 = Interest Partial Termination Amount
   
  c) Partial Termination Amount = Equity Partial Termination Amount – Interest Partial Termination Amount = 220,915.04




CONFIRMATION

DATE: October 16, 2006

TO:

FROM:

SUBJECT:

SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

BANCO SANTANDER CENTRAL HISPANO, S.A.

SWAP TRANSACTION

Dear Sirs,

The purpose of this letter agreement (this “Confirmation”) is to set forth the terms and conditions of the transaction entered into on the Trade Date referred to below (the “Transaction”), between Banco Santander Central Hispano, S.A. (“SANTANDER”) and SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U. (“Counterparty”). This confirmation constitutes a “Confirmation” as referred to in the Agreement specified below and supersedes any prior written or oral agreements in relation to the Transaction.

The definitions and provisions contained in the 2000 ISDA Definitions (the “Swap Definitions”) and in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”, and together with the Swap Definitions, the “Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc (“ISDA”), are incorporated into this Confirmation. In the event of any inconsistency between the Swap Definitions and the Equity Definitions, the Equity Definitions will prevail. In the event of any inconsistency between either set of Definitions and this Confirmation, this Confirmation will govern.

This Confirmation supplements, forms part of, and is subject to, the agreement dated as of 9 October 2006, as amended and supplemented from time to time (the “Agreement”) between Santander and the Counterparty. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

1. The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:

Trade Date:

Effective Date:

Termination Date:

Shares:

  

 

16 October, 2006

19 October, 2006

The Cash Settlement Payment Date.

Shares of REPSOL YPF S.A. shares (REUTERS Code: “REP MC”)





Exchange:

  

Madrid, Bilbao, Barcelona, and Valencia Exchanges (Sistema de Interconexión Bursátil)
     

Related Exchange:

Equity Amounts Payable by Santander:

Equity Amount Payer:

Number of Shares:

Equity Notional Amount:

  

Meff Renta Variable (MEFF RV).

 

Santander.

1,000,000.00

EUR 27,273,700 (the Number of Shares times the Initial Price)
     

Equity Notional Reset:

Type of Return:

Initial Price:

Final Price:

  

Not Applicable

Total Return

EUR 27.2737

In respect of the Valuation Date, means the weighted average price of the Shares on the Exchange as determined by the Calculation Agent.
     

Valuation Time:

Valuation Date:

Dividend Period:

Dividend Amount:

Dividend Payment Dates:

  

At the Scheduled Closing Time

9 January, 2007

Second Period

Paid Amount multiplied by Number of Shares.

The Currency Business Day following the day on which payment is made by the Issuer to holders of record of the Shares.
     

Re-investment of Dividends:

  

Not applicable.
     
Floating Amounts Payable by Counterparty    
     
Floating Amount Payer:   Counterparty
     
Notional Amount:   The Equity Notional Amount

2



Payments Dates:

Floating rate Option:

Designated Maturity:

Spread:

Floating Rate Day Count Fraction:

Reset Date:

Business Days:

Compounding:

Settlement Terms:

Cash Settlement:

Settlement Currency:

Cash Settlement Payment Date:

  

The Cash Settlement Payment Date

EUR-EURIBOR-TELERATE

3 month

plus 25 bps

Actual/360

The first date of each Calculation Period

TARGET Settlement Day

Inapplicable

 

Applicable

EUR

Three Currency Business Days following the Valuation Date
     

Adjustments:

Method of Adjustment:

Extraordinary Events:

Consequences of Merger Events:

Share-for-Share:

Share-for-Other:

Share-for-Combined:

Tender Offer:

  

 

Calculation Agent Adjustment

 

 

Modified Calculation Agent Adjustment

Modified Calculation Agent Adjustment

Modified Calculation Agent Adjustment

Applicable including, for the avoidance of doubt, the Tender Offers already launched over the Shares or any modification thereof.
   

Consequences of Tender Offers:

  

3



           Share-for-Share:   Modified Calculation Agent Adjustment
     
           Share-for-Other:   Modified Calculation Agent Adjustment
     
           Share-for-Combined:   Modified Calculation Agent Adjustment
     
Composition of Combined Consideration:   Not Applicable
     
Nationalization, Insolvency or Delisting:   Cancellation and Payment (Calculation Agent
    Determination)
     
Additional Disruption Events:    
     
           Change in Law:   Applicable
     
           Insolvency Filing:   Not Applicable
     
           Hedging Disruption:   Not Applicable
     
           Increased Cost of Hedging:   Not Applicable
     
           Loss of Stock Borrow:   Not Applicable
     
           Increased Cost of Stock Borrow:   Not Applicable

Optional Early Termination: Applicable, provided that no Event of Default or Potential Event of Default with respect to the Counterparty shall have occurred and be continuing. From the Effective Date to the Termination Date, Counterparty will have the option, with a five Business Days prior written notice to Santander, to early terminate this Transaction in whole and not in part, designating a new Valuation Date, which in no case may be a date after January 9, 2007. The designation by Counterparty of the new Valuation Date shall not, for the avoidance of doubt, invalidate, alter or cancel the remaining provisions of this Transaction.

2. Calculation Agent:

SANTANDER

3. Account Details:

  Account for payments to Santander: To be advised
     
  Account for payments to Counterparty: To be advised

4. Offices:

The Office of Santander for the Transaction is: Ciudad Grupo Santander, Avenida de Cantabria s/n, Edificio Amazonia planta 1, 28660 Boadilla del Monte (Madrid) Attn. D. Ignacio Cepeda. The Office of Counterparty for the Transaction is:

4



Paseo de la Castellana 83-85, 28046 Madrid, Attn. D. José Puelles.

5. Other Provisions:

a) Non Reliance: Applicable
b) Agreements and Acknowledgements Regarding Hedging Agreements: Applicable
c) Additional Acknowledgements: Applicable

5



Please confirm that the foregoing correctly sets forth the terms of our agreement with respect to the Transaction by executing this Confirmation and returning it D. Ignacio Cepeda, Fax: +34 912571841.

Very truly yours,
 
BANCO SANTANDER CENTRAL HISPANO, S.A.
     
  By:
 
  Name:  
  Title:  

SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

Accepted and agreed as of the date first above written:
     
  By:
 
  Name:  
  Title:  

6






CONFIRMATION

DATE: October 17, 2006

TO:

  

SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.
FROM:   BANCO SANTANDER CENTRAL HISPANO, S A.
SUBJECT:   SWAP TRANSACTION
     
Dear Sirs,

The purpose of this letter agreement (this “Confirmation”) is to set forth the terms and conditions of the transaction entered into on the Trade Date referred to below (the “Transaction”), between Banco Santander Central Hispano, S.A. (“SANTANDER”) and SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U. (“Counterparty”). This confirmation constitutes a “Confirmation” as referred to in the Agreement specified below and supersedes any prior written or oral agreements in relation to the Transaction.

The definitions and provisions contained in the 2000 ISDA Definitions (the “Swap Definitions”) and in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”, and together with the Swap Definitions, the “Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc (“ISDA”), are incorporated into this Confirmation. In the event of any inconsistency between the Swap Definitions and the Equity Definitions, the Equity Definitions will prevail In the event of any inconsistency between either set of Definitions and this Confirmation, this Confirmation will govern.

This Confirmation supplements, forms part of, and is subject to, the agreement dated as of 9 October 2006, as amended and supplemented from time to time (the “Agreement”) between Santander and the Counterparty. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

1.      The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:    
Trade Date:   17 October, 2006
Effective Date:   20 October, 2006
Termination Date:   The Cash Settlement Payment Date.

Shares:

  

Shares of REPSOL YPF S.A. shares (REUTERS Code: “REP MC”)

Exchange:

  

Madrid, Bilbao, Barcelona, and Valencia Exchanges (Sistema de Interconexión Bursátil).
     
Related Exchange:   Meff Renta Variable (MEFF RV).
     
Equity Amounts Payable by Santander:    
     
Equity Amount Payer:   Santander
     
Number of Shares:   9,338,144
     

Equity Notional Amount:

  

EUR 241,577,785.28 (the Number of Shares times the Initial Price)
     
Equity Notional Reset:   Not Applicable
     
Type of Return:   Total Return
     
Initial Price   EUR 25.8700
     

:Final Price:

  

In respect of the Valuation Date, means the weighted average price of the Shares on the Exchange as determined by the Calculation Agent
     
Valuation Time:   At the Scheduled Closing Time
     
Valuation Date:   9 January, 2007
     
Dividend Period:   Second Period
     

Dividend Amount:

 

Paid Amount multiplied by Number of Shares

     
Dividend Payment Dates:   The Currency Business Day following the day on which payment is made by the Issuer to holders of record of the Shares.
     
Re-investment of Dividends:   Not applicable.

 

  

 
Floating Amounts Payable by Counterparty    
     
Floating Amount Payer:   Counterparty
     
Notional Amount:   The Equity Notional Amount

2

Payments Dates:   The Cash Settlement Payment Date
     
Floating rate Option:   EUR-EURIBOR-TELERATE
     
Designated Maturity:   3 month
     

Spread:

  

plus 25 bps
     
Floating Rate Day Count Fraction:   Actual/360
     
Reset Date:   The first date of each Calculation Period
     
Business Days:   TARGET Settlement Day
     
Compounding:   Inapplicable
     
Settlement Terms:    
     
Cash Settlement:   Applicable
     
Settlement Currency:   EUR
     
Cash Settlement Payment Date:   Three Currency Business Days following the Valuation Date
     

Adjustments:

  

 
   
Method of Adjustment: Extraordinary Events:   Calculation Agent Adjustment
   
Consequences of Merger Events:  
   
   Share-for-Share:   Modified Calculation Agent Adjustment
   
   Share-for-Other:   Modified Calculation Agent Adjustment
   
   Share-for-Combined:   Modified Calculation Agent Adjustment
   
Tender Offer:   Applicable including, for the avoidance of doubt, the Tender Offers already launched over the Shares or any modification thereof.
   

 

  

3

Consequences of Tender Offers:    
     
   Share-for-Share:   Modified Calculation Agent Adjustment
     
   Share-for-Other:   Modified Calculation Agent Adjustment
     
   Share-for-Combined:   Modified Calculation Agent Adjustment
     
Composition of Combined Consideration:   Not Applicable
     

Nationalization, Insolvency or Delisting:

  

Cancellation and Payment (Calculation Agent Determination)
     
Additional Disruption Events:    
     

   Change in Law:

 

Applicable
     
   Insolvency Filing:   Not Applicable
     
   Hedging Disruption:   Not Applicable
     
   Increased Cost of Hedging:   Not Applicable
     
   Loss of Stock Borrow:   Not Applicable
     
   Increased Cost of Stock Borrow:   Not Applicable

Optional Early Termination: Applicable, provided that no Event of Default or Potential Event of Default with respect to the Counterparty shall have occurred and be continuing. From the Effective Date to the Termination Date, Counterparty will have the option, with a five Business Days prior written notice to Santander, to early terminate this Transaction in whole and not in part, designating a new Valuation Date, which in no case may be a date after January 9, 2007. The designation by Counterparty of the new Valuation Date shall not, for the avoidance of doubt, invalidate, alter or cancel the remaining provisions of this Transaction.

2. Calculation Agent:   SANTANDER    
           
3. Account Details:        
       
  Account for payments to Santander:   To be advised
       
  Account for payments to Counterparty:   To be advised
           
4. Offices:        

The Office of Santander for the Transaction is: Ciudad Grupo Santander, Avenida de Cantabria s/n, Edificio Amazonia planta 1, 28660 Boadilla del Monte (Madrid) Attn. D. Ignacio Cepeda. The Office of Counterparty for the Transaction is:

4

Paseo de la Castellana 83-85, 28046 Madrid, Attn. D. José Puelles

5.     Other Provisions:

a)      Non Reliance: Applicable
 
b)      Agreements and Acknowledgements Regarding Hedging Agreements: Applicable
 
c)      Additional Acknowledgements: Applicable
 

5

Please confirm that the foregoing correctly sets forth the terms of our agreement with respect to the Transaction by executing this Confirmation and returning it D. Ignacio Cepeda, Fax: +34 912571841.

Very truly yours,

BANCO SANTANDER CENTRAL HISPANO, S.A.

By:
 
Name:
 
Title:

SACYR VALLEHERMOSO PARTICIPACIONES MOBILIARIAS, S.L.U.

Accepted and agreed as of the date first above written:

 

By:
Name:
Title:

6



 GRAPHIC 3 logo1.jpg GRAPHIC begin 644 logo1.jpg M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC M+B!6,2XP,0#_VP"$``("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(" M`@("`@,#`@(#`@("`P0#`P,#!`0$`@,$!`0$!`,$!`,!`@("`@("`@("`@," M`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$! M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,` M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I M*C0U-CH.$A8:' MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7 MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1 M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)BH*#A(6& MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76 MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`#X!0P,!$0`"$0$#$0'_V@`, M`P$``A$#$0`_`/W\H`*`"@"E?:CI^E0)FVTEYIVG17%]=06<#ZAK.H M6NDZ18)+<.BM>7VJWUE96T()>>XO((8E:25%8`NT`%`!0`4`%`!0`4`%`!0` M4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%` M!0`4`%`!0`4`?F?_`,%(_BI>_"_2_P!GC4H+;4]4L-*^-_A3XC:KX;T\F(^* M[7X8^(/#FMIH$4D;@RZM+)>BXL+:5);=[JRCFD0S6EN5`/T:T#7-+\3:%HOB M31+I+W1?$.DZ=KFD7L8(2[TO5K.&_P!/ND#`$)+:7$4@!`.'YH`UJ`"@`H`* M`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@` MH`*`"@`H`*`"@`H`*`"@#R/X]_$4_"/X+_$WXD1&!;KPAX.UK5=-^UM)':'6 M%M7@T5;N6*RO#!:-JT]FLLS6LR1QL[R(41J`/S"T[P3#^V3_`,$[?!Z^%K6? M4?BM\';G5=-O=(M+^/3=7USQMX1GN+/QMX^U"RNV@GDLHKH`_;:@`H`*`"@`H`*` M"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`CFEBMXI9YY8X( M((WEFFF=8XH8HU+R2RR.0L<:HI9F8@``DG`H`KPZAI\U[>:;!?6!0!\Q?%/5? MA!^TGX+^)/[.?AGXJ>"]5\9>+/AWX@O8;+PYXEM]:O-`33M1LM,L/$>JP>&M M36>'3M/\87&C)/;-&,`_$/\`9>^,NN?L0?'#7/#OQ!2+1_"> ML:U>Z!\7="O]4\6WFK:&MKJ#+I/B^TL]>P)K^ROM4GU&6]B58=8TC6+^^LXI M?M6EB,`[C]NCX')\$?C;X)^./PVOKA/`OQ)\6?\`"S-"O[7Q'XDU'1]'^*.B M3GX@O<:<8M571+/2=06U.N:?%-)'`ZVM\EM@`H`_#_XX?M'V?[/?[:GQ*/[77PAO/B%\'O&6A^#K#X)>)I/#^A^* M--\$>'M.M'DUM?#^AZULL;A]1\0WM[+KDBSQ:PC:)9%8;NR.GQ(`?4WPT^-/ M[-_[//P$^,'[0OAGQ_+XQ^"'C'XNP^+?#EAX<:]UKQ'X:N]?\%?#3PDWPW_L MG7+JUGT>]L=7T.^N[;1KMK"/3='O+"%52"W0N`>T?#_]K7PGXP^/>N_LXZMX M;U?PG\0M*\&:7X[TN6:_TG6/#OB30]3LM/U(C2M3TVX\Q+Z&PU6SG,-Q:Q;T M2Z96Q`/-`V\K'@<__!2GPQ#X#^+_`,0HO@A\3;KP_P#`KQSI_@?XCWD&I>"8 MK32;J_\`$5MX7BN+":]\06\NN23:Q=Q1PVVGVURRHIFOWT^*6V>[`'?MM?M; M>+/`7[.WPJ\??!K0[^72?V@-3\"Z/I/CBZN[/2+W0-$^(7A^\\3V,.F6`U*/ M4;+Q?>Z!9W*PWAC2WTUV,WVC[4D*``^@_$'[4-AHOQ&\*_`R#P7>R?'GQ=\- M]8^)>G?#O4_$&CZ9IT>G:2=92/0IO&EF-1T]_$E_+H6I&V@ABEMUALYY[RZM M(A$UP`V-I,@M5M]0F1%F&IV M4YACM)FN8@#0^)'[2WA3QCXQ^-7[/WACX::A\4U^&'@&[UCXQ7L]OH]UX?T) M;_3VNM-T73/#>JW,,OQ`UR/"W<^G02Z>H6TDBMKN6_C^S*`?%'_!//X[^`_V M;_\`@GGX@^*GQ$N+R/0]&^*WBVUMM/TN!;K6-=UF_M/#T>F:'I%M)+%')?W4 MBOAII888HXIIYY(X87=0#])M"_:2TF[\5_$/X<>(?!?B3PY\3_AMX)TGXBZG MX)COO#>K2ZYX.U6)=^K>%];76+73KX6%_P"98W<5Y/I[).$\KSXY4<@'B7PX M_P""A_P[^+T/PXO?AK\(/C]XETGQY\1K;X;ZGK5OX'TN71OAWJEU<6D:WGCC M5-)\2ZA:Z?:BSOH=5=;>:Y:'38;B[N?((@BNP#K?V^_VD]3_`&7/V=M:\=>& MD'_";>(=:T_P%X%N9;:"ZM-+\2ZY9:KJ7]LWEO=03031Z?HNAZS>1PSPR137 M-M;02KY6@O-1U)X_LNF)/<7A8OM`+^J?MF>%M"@_:/T[6?!/B/3O'/[,&A: M#XI\>>#7U3PW(=6\-^(M&MO$5EJOA/7(M3-KJ(31;A9);>Y6SF6>2"V"&2X2 M@-O*QY=X>_X*/>!=:L?V>_$-W\+/B#X>\$_M$>,-1\!^%_&&KWOA"+3M.\26 M'B6T\,.+NRBUY[V31H]0NV6YU(P010O:7"QBY6)G`&WD4/B1^T]\6K3]O'X8 M_L\^'_`FH_\`")Z;X1\0^.+[3;;Q#H.GZK\0S?:1X@T>PU2>XGU!;.S\-:0+ M74[Z+3+JY$]U-!'<30)=VMG#"`=QXD_;P\.^'/CE\6?V>H/A)\2?%'Q&^&'A M&Y\66FF^$(]'U@>-(ET?PWXDL[#15:^@DM+I_#GB2*_F^UHFS^S;JUMA>7LE MG;7P&WE8Z;6_VQ-)L=7L/`FE>`==D^+C_`-/V@=;^'/BB\D\'W'AS05L;.^O M?"6H:S/I%[%_PFUOYUY"UD;>.!9;!TGNK?<3&`?('[9?QU^'_P"T]_P3+\9_ M&#PMI=Q96UWKG@JTM-.\1Z?ID^N>'/$FG?$WPQIFLVD%S!<3K93&SDO`E[:R M+)<6-[L>.)+R6*,`_0O]E%%?]E;]FM'571_V?O@XCHX#*RM\.?#@964C#*02 M"#US0!^/0O?AM\,O^"OOQBUGQ'H267@_P[X-T?44T[PU\-O$_C3[+JNL_"GX M9Q&^M/#/P_\`"FLW-I<3:IK-S<3:B]G!")+J8RW`N+J-+@#;RL9.CZQ\//B3 M_P`%B_A_JWA?1&E\':QH.JR+8>(?`&N^#/M=YIWP$\8K-=7/A7QIX>TJ^#+J M-DKQW,]@JR/;)+$[[5:@#[+^&WQ7^#_@S]J+]NWQK+\*_$&A>/\`X7_#UO%_ MQ3\46WC=_%5GXB\/>#M$@U.&R\&Z#?:9IJ:7$>#/\`@I1'XM^! M/B3]HV+]GGQXOPN\#>+H/"WC?4-+\6>#]1U;2A.^@*^H:/HE[<:;[3XG&Z'AG4M:U1K:2WTFP+V5Q%.B?:KR.4(@M'W[E`.5^$G[9?A;XJ MP_M!Z1!X0UK0OB!^S5?^(M-\?^$+F_LKVRO;CP]/XALYI?#'B:&*.#4;2XOO M"^KV\;W5K8R!DA:2)(IA(`#P^V_X*<>#KCX;?#GXR-\&/B19?"WQQ\4?^%37 MWBK4-2\'VSZ%XEE@N[RW^RZ,NLR7GB"T^P6%[<2W4,=O:Q?998!\?3;Z&QMK/2=0DFDM9#-]FA"S,`;'[/_`,?_``K^T%X7U_6_ M#]AJ>@:OX,\9:]\/O&_A/7/LRZOX:\6^')U@U&SF%M,XGL9/,26VNBL)EC8B M2*&>*:"$`]WH`X'XH_$70/A+\/\`Q3\1/$TC1Z/X7TTW;PQAS/J%]>-]7U_3O`NK M:CX?MM%^$ECHFGWO@*VADUM+J.VO!:>,1#XT\2)%IUE.VJ:L56"X%V;<:5I[ MS6$A;C4_"H\7>#[>P\1>'[NP\30>)] M"6QBGL&M6>Q@MH[;?#&+.XTO26M;/RHUA<`_4']N;P%HOQE^"^E_M?\`P$UB M';C5_"NFN;:SU>\CMK2\MHO%'A/5/\`1[Y[Y=MMI]M> MF8SG1K6!@#\\/$_[2U[XX_9/^#_P9UK5-+U3Q9X#\6_$2Y.JKXON=.U/0?`F MD>$);#X6:6C6NG,/$-C`?MQ^PA^W3K'Q0\0VOP/^,%WX??QC-IU_/\`#OQ7I^N_ M;[[Q?%X?5VU?P[XEAGTW3WD\56UA#/J5O?06B)>Z?;R?:PE];_:-9`/UBH`^ M*=7U^^UN;XS_``__`&D?@5XL\;_!ZY^(%Q%\.=;MOA]+\5--UWP]+I>C3)97 M?@SPA8ZMXITF[T[Q3)K#V&O3Z,ELL3PR0W]LMC%(X&WD?"G_``S_`/'O]FW] MFW]I*7]GKX27NHQ_%WXT:-J7P]^%WB1-)\=^)/AO\*[5)I;'Q9-X6UHZ=:QV%_JDD]YI-TL0&QTGP=^#?Q5T3_@H?HWQAO?@[\6 MM`\`:_\`!J&R?7O&-_H'B/6;77_^$>T71M4N?B#XAM_&6H6=KJ]S?175Y]EL M]1U*[>.:!8[*(I=0:4`>#Q_`;XXM^S!^WEX$_P"%,_$6'Q?\:_CAX4\6?#K2 MI-`OA-KOAZ'XEV'BJXO)7^U/8:4MKI&DW4D@N/LLQDNH(6:8O"D`&WD?1/[2 M7P2^+WCO]A+]CKPEX3^'GBC5/&7PFUOX%7'CCP2MH+/Q)IL7@7XW]O'>BWUMHDC,:S--!>)=02+;&1Y`#V+XPR_M'>,_VE?AIIC_``1\4:G^ MSMJWPVU:+Q'9>']6\(Z!J^H^(-8_M&X'A;XK>+O[?6>T\%6_]G:*=2T#3KJ6 MTO%U&Z3R?$4D4%FX!\G?!_X"_'?PY_P37^.OP#U;X)>-]+^)?B'Q;<2Z!I3_ M`/"*%?$QU?4_"\DES9O;>)GF@M].L_#+O"6HZ%!:Z+XB%A>WEWI7BF:^OX+CPV([_`%C4%@NXK:^ED338 MOLEM>W-REO0!\P:'^PI^T)XN_P"",=1U_PE+HGBK5?%MV]B9_!/PYT"PN M[R^UCX<_VQ9:EJ$=W/;:=:L)M"DM(&;[<--`V\K#/^"7_P`,O&/P?_9J?P/\ M0/`VL>`O&,/CWQ-K6K:=K&D_V?-J,>JQ:;%INJB]B5H-5*_"O@2TOOB;\+?B:?'DOP MOM]=TVY&H>$Q/J8CTY]2GFM[:^\3PZ5;>')+RTL;F6)YWU6WTZ6_*V;W(!SN MM^"D^)7[.'Q_\2?#K]C[Q;\%?&OC[X-3>#;O3O%>@6EK\4/&WBS6$TA;;1M* MM;;5)[^;P=I(CBC;4=>MM*GG)A865E'I=RK`'QW??L^_'E?V+OAY._P!I'Q5X3B^#FJ>-O@=?_`'5]!\) M7&D:YX?\)>'-:^(>IA[BVF^+'B2>]CU#5O"EC,^LVJ^%YX=2LFFGL-0_LBX: M1[A0#YG\+_LW?M!7O_!,#Q-^S?%\&O%^E_%F_P#'\4MIHE[J_@#1[/6;2#XC M:/XOGU6YU&]\:P1PZ3%I.ES0*]^(99;RTM%MH98'AN:`/UM_9T\.^(O!7[/G MP3\'>*]$N="\5>#/A+\/_"7B#0YKS1[^:SUOPMX4TO0M1@COM&U.\T^ZB>[T M^5X98;QT:.6,N48LB`;>5C\_/"GP'^.]G_P4W\<_M,7WPDUVP^$?B/P[#H&G MZU-XJ^%TNH)<6GPT\(^%#=W.AV?C^:^CLI=5T"\V%87F\J6%Y(4+.L8!2UW] MG[X]3_\`!3_PS^T[:_"76[CX0Z/I$FE76M1^*OAA'J)EN/@_K_@OSX="N/'L M5Z]LFMZK;JV8ED\I))%C8!0X!H^%?@S^T#X3_:;_`&W?B@GP(3Q-X7^,/@N; M3/A[9^)_$_PTE\,^-+C2+"QM)?#GB;3H/'3ZCI6F^(H+>[M89;JP:.-+H-J" M0*&C(!)^RO\`L?\`B3X*?M6:Y\3/AQX<\)?AQ+%XH^&?C/7?#VJM; M^/;B[MS:^%])D\.^,]<&OZ1I`>ZOX-;O'<0&ZN+*TNKI;J=H`-OD?!7[)NF? M$7QC_P`$W?CC\(?A[\*_%/CW6/BI\8KK1/#^K>&M0\-OI>E^(9=+^%\^H6/C M)-6U73Y_">GV^A:#%?1ZM*ESITC7T<%Q=64TMNER`?=/C+P'^U;\)?`?[*'P M$\`_"_4?&?PG\*Z3\)XOBSXU\`ZWX3B^*=GXK6\\1?\`"P/#_@F^\0ZSI47A M'2_LKVQM?%43:3<6L6H&!=+-! MTCXG6'B'4?AM-97>A>)[74;36=3\>:EIOANPU&U\1RZAJ^L/9>)]'!:&SNHE M?3;Q=0NK.Z2VAU`#\#YSG^`'Q^?]A7X#?`^/X&?%!OB#X0_:>D^(7B'3!IEK M!;6GABSM?%H:\AU*75XXH&F_X2W3%A`:$-)!?,64V[LP!^@7CKX+>+-&_;@^ M%G[8NA^&?%GB#P'JGPNOO#'C?0M/TVVF\8>$-:G\/:M:Z'%WN;?4+FQNH M;_3K.YM[6*]N+&\M[B2XVVLI:S`.R_8%^`GCGX-^&/C#XI^(VC1>$_$OQJ^+ M_B7XAP>"H9M*E;PIX;O)Y#H6GWZZ)=7EC9ZJ_P!JOI9+2TO[V*W@>RB,BSI/ M&@&Q]]4`?"7_``48T#6M<_9IU)](C:6WT+QKX*UK7X1Y\RMH<>JG3IC-I4`Q MK5LFH:EITLMI(4"QQ/=*PELXS0!_.K+X:U!].L+>?0H=1C-YI4$VK/X(US4M M!O;2'5-?:SGNI=6U6*YN+-VND-N^J:A:>?=[8[F5'-Q$0"A%=^,5BT-9=+\7 MW41TZ"VM!J&C^'+R:_DFN-9DT72H9WU1&W2:G;:@EO$-.(N+J.:YA#0V2^:` M?<_[%W[2VK?#&Q^+_P`*O&LNMS?#/Q1\/OC#XH\.0ZO%X=U%M)\:^&=)U>^U MK2["QT;6KEY+C7(;75K:XM);J&'4=8L[7[##:W.I72W8!\"Z?K&M6]J(O+\6 M7-WN\6M;PW7B'P38B/4=)L=/CU!KK[1KCFYU"SF-I]IN9;56NY+"UBM+>TN' MC_L\`Z2SUB3[5J%K=W?B"'2[?5M97SV\=Z%8:7#['+%<2B2>:WD`/J7]C?2O%OQ*_:F^#UGX9U_Q7J=OX.\2:A\ M2?$FI7'Q)TOQ7IF@^%-%LI;>07%E80+=0+JL&L:;H<=PXL?M/_"9RQQQ3V5K MJ5`'].%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0` M4`%`!0!G:O8S:GIE_IUMJFHZ'/>VLUM%JVD?8!J>G-*A47=A_:EA>VBW29RA MGM)T!P2AQ0!X+^SE^S%\/OV6_#>L^#OA?J/BM?"NN:TWB2YT3Q%J.EZM#!XA MGTS2M(O]7M;Z/1+;4%FN[#1-+CD@EO);5#:[K>WA:24R`'T70`4`%`!0`4`% M`%2_L+'5+&\TS4[.TU'3=1M+BPU#3[^WAN[&_L;N%[>[L[RTN$>*ZM)K>22* M2&5&1T=E8%6((!^+7[07_!,/5].U/4O%G[.M_I\^BR7^E>(9?A]XKU7Q;?:[ MI-_HDTCQ6?@C6KGQ*+&ZT>6VD6W_`+,U.&">&$2[-0O%$.G,`?E_XY\`?$+X M5Z*-$\8^`?$/AJ;P_P"'UET^Z\5?##1]$ANK#0;BYTVXL[;5O$LQECL+IM6+ M0ZO;RZJT,Q68R$VZ)0!Q"ZG!;6VJSZ=I`O)+2YN;Z..V\/?"2>WD=]>M[R^G MNA?ZC/?^1(TENL-Q%]LB^S+:+(KSWE[*P!H>$_#7B7Q%:I'X5\-7GBJX5'MX M+'PMX&\):[+'+J6G6ZZ@9+#1](U66>QTV]*:196\$\T]M:_X_\`#W@O2?$TZ>)=)\+6^H0Z7X)T MC3+B_P#[7C&F77G+K=KH<TF MGO=9U"35_$OB?4XM.77->U"1$CC6=M,L;2VL-(M((UALM+LK>"UM8P[)&T]Q M<3W`![O0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4` M%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0!R>J^`O`VNW4E[KG@OPGK-Y+)YTM MWJOAS1]1NI)?L]K:>;)/>6 -----END PRIVACY-ENHANCED MESSAGE-----