X0202 4 2005-06-03 0001117042 MPOWER HOLDING CORP MPE 0001127939 ASPEN ADVISORS LLC 152 WEST 57TH STREET 46TH FLOOR NEW YORK NY 10019 0 0 1 0 0001237622 ASPEN PARTNERS SERIES A C/O ASPEN ADVISORS LLC 152 WEST 57TH STREET NEW YORK NY 100919 0 0 0 1 Affiliate of 10% Owner 0001237613 ASPEN CAPITAL LLC C/O ASPEN ADVISORS LLC 152 WEST 57TH STREET NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001237606 HECHT NIKOS C/O ASPEN ADVISORS LLC 152 WEST 57TH STREET, 46TH FLOOR NEW YORK NY 10019 0 0 1 0 Common Stock, par value $.001 per share 2005-06-03 4 P 0 82000 1.6629 A 6994946 I See Note Common Stock, par value $.001 per share 2005-06-06 4 P 0 25000 1.65 A 7019946 I See Note Common Stock, par value $.001 per share 2005-06-03 4 P 0 75000 1.6629 A 2972254 I See Note Common Stock, par value $.001 per share 2005-06-06 4 P 0 25000 1.65 A 2997254 I See Note Shares reported herein are beneficially owned by Aspen Partners Series A, a series of Aspen Capital Partners L.P., a Delaware limited partnership (the "Partnership"), whose general partner is Aspen Capital, LLC, a Delaware limited liability company (the "GP"). The investment manager of the Partnership is Aspen Advisors LLC (the "Advisor"). The managing member of each of the GP and the Advisor is Nikos Hecht. As a result thereof, each of the GP, the Advisor & Nikos Hecht may be deemed to beneficially own the shares held by the Partnership. Each of the GP, the Advisor & Nikos Hecht disclaim such beneficial ownership except to the extent of their respective pecuniary interest therein. Except as expressly acknowledged herein, this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, any such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Shares reported herein are beneficially owned by private institutional accounts managed by the Advisor. The managing member of the Advisor is Nikos Hecht. As a result thereof, each of the Advisor and Nikos Hecht may be deemed to beneficially own the shares held by such private institutional accounts. Each of the Advisor and Nikos Hecht disclaim such beneficial ownership. Except as expressly acknowledged herein, this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, any such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Nikos Hecht, Managing Member 2005-06-07 Aspen Partners, Series A, a series of Aspen Capital Partners, LP, by Aspen Capital LLC, General Partner, by Nikos Hecht, Managing Member 2005-06-07 Aspen Capital LLC, by Nikos Hecht, Managing Member 2005-06-07 Nikos Hecht 2005-06-07